News
RSA extends outsourcing agreement wih Accenture
RSA has signed an extension with Accenture for its application outsourcing agreement for another five years to the end of 2020.
Woman pleads guilty to 12 counts of fraud totalling £50k
A woman who submitted 12 identical claims to 11 insurers for cash, electronic and designer items in an attempt to gain £50 000 from bogus insurance claims has pleaded guilty.
NAB calls for investigation into written-off vehicles
The National Association of Bodyshops is urging the Competition Commission to undertake further investigations into vehicles that have been written-off following claims that their number has increased.
US woes hit QBE's profits
First half profits at insurer QBE were down 37% to $477m as earnings were hit by the US and poor investment returns.
Lloyd's eyes Beijing underwriting office
Lloyd's is to open another underwriting office in China once regulatory approval has been granted.
Express train crashes in India
37 Hindu pilgrims were killed and several injured when the train crashed into the pilgrims at a railway station in the eastern Indian state of Bihar.
Motor profitable for just one-third of insurers in 2013 says E&Y
Only one-third of UK motor insurers will make a profit in 2013 according to EY.
Amlin Europe claims ratio hit by French property claims
Amlin Europe results were hit by large property losses in France in the first half of 2013.
Equinox Global bolsters Hamburg & New York units
Equinox Global has named Dagmar Böhning as underwriting manager at Equinox Global in Hamburg, Germany and Joe McNamara as vice president of credit and political risk in New York.
In Front wins Aviva solus subsidence claims deal
Claims management firm In Front has won 100% of Aviva’s subsidence business, Post understands.
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
Smith Greenfield joins Pink Insurance panel
Smith Greenfield has been appointed as the specialist provider of higher value home and contents insurance to the General Insurance panel of mortgage and insurance network Pink.
Markel launches cyber risk offering
Markel International has launched a module for professional services firms in the UK which protects against cyber risk.
SSP looks to Swinton for e-trading director
Technology provider SSP has swooped to recruit Swinton’s head of information systems to head up e-trading.
Markel appoints Matthew Cannock as MD in Singapore
Matthew Cannock has been appointed Markel International's managing director in Singapore.
Equinox Global strengthens international team
Equinox Global has appointed Joe McNamara as vice president of credit and political risk in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany.
Dane Douetil takes the reins at BMS Associates
BMS Associates has named Brit Insurance chief executive Dane Douetil as its new group CEO.
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
Matthew Cannock named new Markel MD in Singapore
Markel International has appointed Matthew Cannock as managing director in Singapore.
UK commercial market returning to health says Amlin CEO
Improvements in UK commercial fleet have helped bolster Lloyd’s insurer Amlin’s results and the UK commercial market is becoming ‘healthier’ overall according to its chief executive.
Amlin returns 'solid results' for H1 2013
Amlin's chief executive Charels Philipps has dubbed the insurer’s first half results for 2013 “solid”.
Opportunities reducing for China motor tie-ups, says KPMG
Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.
Heavy flooding in China kills more than 90
Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.
Philippines shuts financial markets after flooding
The Philippines has shut financial markets, government offices and schools in the capital and several provinces in the main island of Luzon after heavy rains caused flooding.