News
AIR Worldwide updates crop models for China and the US
AIR Worldwide has updated its multiple peril crop insurance models for the United States and China.
Ace appoints Russell as senior PI underwriter for UK and Ireland
Ace Group has appointed Geoff Russell as regional senior professional indemnity underwriter for the UK and Ireland.
AJG recruits construction trio
Arthur J Gallagher has recruited a trio of construction specialists with a collective total of 50 years’ experience for its projects team.
Hill Dickinson increases access to fraud intelligence
Hill Dickinson Fraud Unit has boosted its access to fraud intelligence by becoming a member of UK fraud prevention service CIFAS giving it access to the National Fraud Database.
Five complaints made after “Don’t get mugged” campaign
The Advertising Standards Authority has received five complaints relating to the Law Society’s “Don’t get mugged” advertising campaign.
Simplyhealth recruits David Free-Pearce to corporate team
David Free-Pearce has joined healthcare provider Simplyhealth as key account manager for its corporate account team.
Concordia wreck removal to cost $1.1bn says Munich Re
The loss creep for the stricken ship Costa Concordia continues with Munich Re revealing that removal costs for the wreck are likely to exceed $1.1bn.
Total Objects recruits business support pair
Software provider Total Objects has added two business support managers to its team to help bolster its business acquisition and maintenance processes.
LV launches new classic car cover
LV has unveiled a new classic car product designed for vehicles over 20 years old.
Planned reductions behind GWP dip at Novae during 'challenging period'
Novae Group has attributed planned reductions in its reinsurance segment for a dip in gross written premium for the first half of the year.
Mitsui Sumitomo expands senior underwriting team
Mitsui Sumitomo at Lloyd’s has added two experienced underwriters to Syndicate 3210 as part of a plan to diversify its products and distribution and capitalise on international opportunities.
Bupa sees UK insurance customer numbers drop 2.8%
Bupa has revealed that UK insurance customer numbers and revenues dropped in the first half of 2013.
GFIA supports Indian Insurance Amendment Bill
The Global Federation of Insurance Associations has written to the Indian Prime Minister Dr Manmohan Singh to offer its support for the proposed Indian Insurance Law Amendment Bill.
Lancashire reveals Cathedral deal
Bermudian insurer and reinsurer Lancashire Holdings has confirmed it is in negotiations to acquire Lloyd’s insurer Cathedral Capital for £266m.
Life insurance rate-cap removal in China could spur innovation, says Fitch
Ratings agency Fitch welcomes the removal of the 2.5% capo on guaranteed rates by the China Insurance Regulatory Commission.
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Axa hails "massive potential" of Chinese car market
Axa's chief financial officer Francois-Valery Lecomte has hailed the huge opportunity in the Chinese motor market.
H7N9 can transmit from human to human, say researchers
According to researchers at the Jiangsu Province Centre for Disease Control and Prevention, the latest strain of bird flu can transmit from human-to-human.
Esure 'mystified' by dividend reaction
Esure has been left "mystified" by the drop in share price following the publication of its first set of results following the company’s floatation earlier this year.
Staysure recruits three to leadership roles
Over 50s insurance specialist Staysure has revamped its leadership with the appointment of a new chairman, deputy chief executive and chief technical officer.
ABI disputes unpaid London riot claims figures
The Association of British Insurers has written to the Deputy Mayor of London to refute allegations of a high number of outstanding insurance claims following the London riots.
Willis Re Australia chair Michael Harden to head Bermuda office
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Motor market re-entry to take place in H2 as L&G eyes M&A opportunities
Legal & General’s insurance director has reiterated his intention to initially re-enter the motor market as a distributor and to also consider potential acquisition opportunities.
Axa echoes TSC criticism of pre-med whiplash offers
Axa has joined the Transport Select Committee in criticising some insurers for compounding the problem of inflated whiplash claims.