News
China Taiping premiums climb 61% in first half
Chinese insurer China Taiping's premiums increased almost 60.8% to HK$50.5bn in the first half of the year.
Zurich group CFO found dead in his apartment
Zurich's group chief financial officer Pierre Wauthier has been found dead in his apartment.
ING sells South Korea unit
ING, which was bailed out by the Dutch government in the financial crisis, has sold the majority of its stake in its South Korean life insurance arm.
Suspended jail time for LV’s Land Rover fraudster
A Solihull man who fraudulently reported his 20-year-old Land Rover stolen and tried to claim £20 000 from LV has been given a suspended jail term.
Motor rates up 2% in Q2 as niche market outpaces standard classes
The non-life insurance market was flat overall last month as rising rates in property, motor and US casualty lines offset rate reductions in reinsurance, according to a Hampden report.
New Law Society rep for Foil
Nichola Evans has been appointed Law Society representative on the Forum of Insurance Lawyers.
Vet jailed for £200k fraud
A veterinary surgeon who tried to claim almost £200 000 from three insurers for non-existent pets has been jailed for two years.
CPP boss brands £1.3bn pay-back ‘ridiculous’
CPP founder Hamish Ogston claims the £1.3bn compensation scheme for mis-sold credit card and identity theft insurance is "ridiculous".
LV launches wider motorcycle cover
LV has launched a motorcycle product offering increased cover including replacement cover for bikes under six months old.
Bluefin names Thomson as regional MD for the Midlands
Bluefin has appointed Robin Thomson as regional managing director for the Midlands within the commercial division.
SME confidence in recovery doubles as perceived risk falls
Business confidence that the economic climate will improve this financial quarter has almost doubled to 38% up from 20% last quarter; while the perceived level of business risk faced by SMEs has fallen from 44.55 to 43.41 points, Zurich’s SME Risk Index…
Drivestyle Insurance Holdings hires CEO from Allianz
Telematics insurer Drivestyle Insurance Holdings has hired Andrew Bennett, former broker sales manager at Allianz, as chief executive officer.
Liberty Insurance appoints new president in Singapore
Property and casualty insurer Liberty Mutual Insurance has appointed Luiz Francisco Campos as president of Liberty Insurance Singapore.
Former Barbon board member joins Let Alliance
John Boyle, ex-managing director of Home Let and board member of Barbon Insurance has joined Let Alliance as executive advisor to the board and senior management team.
General Legal Protection MD speaks out on claims culture
The ease with which the current insurance claims system can be abused contributes to the compensation culture in the UK, General Legal Protection managing director André Scruton says.
Towergate network division reports membership surge
Towergate-owned Broker Network and Countrywide have boosted membership by signing up nine broking businesses over the past two months.
Reinsurers underwriting gains offset by unrealised losses
A newly-published report shows reinsurers’ underwriting gains in H1 2013 were offset by unrealised investment losses.
Home & Legacy selects Allianz for family legal service
Allianz Legal Protection has been selected by Home & Legacy to provide a new family legal service for all new and renewal business.
Lloyds Bank completes €300m German life insurer sale
Lloyds Banking Group has completed the sale of life insurer Heidelberger Leben to a combination of Hannover Re and Cinven, a private equity group.
Deakin targets commercial retail growth at Arthur J Gallagher
Arthur J Gallagher UK commercial director Janice Deakin is confident of achieving growth in the commercial retail space after describing it as “an ideal time” to be targeting business.
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
Axa to offer settlement on Accident Exchange disputes
Axa is to make a third attempt to end all of its credit hire rate disputes with Accident Exchange through a global settlement, Post can reveal.
90% of insurance staff proud to work in the sector
Research by recruitment firm Randstad has revealed that 90% of insurance professionals are proud to work in the industry.
Ecclesiastical to focus on investment growth
Ecclesiastical is set to grow its investment arm on the back of its improved half year results.