News
Tokio Marine targets South-East Asia for growth
Japan's second largest general insurer Tokio Marine is looking to expand its presence in South-East Asia.
Two trains collide in Switzerland
One person has died and at least 35 people have been injured, five of them seriously, in a collision between two trains in western Switzerland.
China's motor insurance regulatory reforms postponed
China will now introduce reforms to motor insurance pricing over three years instead of by this September.
Halo launches car hire insurance sites in Spain and Holland
Car hire insurance firm Halo has launched into Spain and Holland having already established an online presence in the UK and Germany.
Quinn liquidators look to sue PWC for 'negligent accounting'
Quinn Insurance liquidators are suing PWC Ireland for €1bn (£863m), having accused the professional services firm of negligent accounting.
AJ Gallagher wins Giles race
US-broker AJ Gallagher has entered into exclusive negotiations with Giles, according to reports, beating off competition from Aon and Towergate.
O’Roarke forecasts “barely acceptable” LV returns for 2013
LV’s managing director of general insurance John O’Roarke has said a combination of low investment return and falling premiums means the firm will struggle to hit targets for return on equity in 2013.
Former Co-op GI boss Neave named LV non-exec
David Neave has been approved as a non-executive director at LV, after leaving the Co-operative Insurance at the end of 2012.
Kelvin Curran to lead Temple board
Legal expenses insurer Temple Legal Protection has appointed Kelvin Curran to chair its board.
Benign cat year and subrogation help Hiscox’s profits soar
Hiscox UK’s chief executive Bronek Masojada has attributed the insurer’s record £34m profit before tax to an absence of natural catastrophes.
Tysers adds super yacht specialist to marine division
Lloyd’s broker Tysers has appointed super yacht specialist John Strange to join the firm’s marine division.
Loss adjusters allegedly hacked BT and British Gas for claimant information
An unredacted version of a report by the Serious Organised Crime Agency revealed British Telecom and British Gas were targeted by unlawful private investigators in a bid to obtain data to verify claims.
Kwik Fit MD Lynch to be replaced by Banwell on interim basis
Kwik Fit Financial Services managing director June Lynch is stepping down from the role after 16 years at the firm.
UK index shows ‘record reductions’ in motor cover costs
Average pricing for home and car cover in the UK is continuing to slide, according to the AA’s latest insurance premium index.
Kearney appointed to Miller’s marine team
Miller has recruited global cargo specialist Jamie Kearney to its marine team.
Jamie Kearney joins Miller’s marine team
Miller has recruited global cargo specialist Jamie Kearney to its marine team in a production and account handling role.
Fraud could drop by £100m by asking for honesty
Asking insurance customers to be honest could help reduce fraud by £100m, according to a research by Consumer Intelligence.
Ping An gains license to begin futures trading
Ping An Insurance Company of China has become the first insurance company on the Chinese mainland to trade stock index futures.
Pro expands Gloucester teams by 15
Insurance service provider Pro is to boost its Gloucester-based underwriting support teams with a sweep of new hires.
Eamon Brown new Jubilee CUO
Eamon Brown has been appointed chief underwriting officer at specialist Lloyd’s insurer Jubilee.
LV posts reduced H1 profit amid "weakening motor rates"
LV posted an operating profit of £43m for the first six months of 2013, down from £62m in the first half of 2012.
Aviva targeting Indonesian life deal
Aviva is reportedly seeking an an Indonesian life distribution deal with Astra International, a division of Jardine Matheson.
Hiscox posts 75% combined ratio for H1
Hiscox has beaten analyst expectations to post a combined ratio of 75% for the first six months of 2013.
Aviva plotting Indonesia life expansion
Aviva is looking to enter into an Indonesian life distribution deal with Astra International, a division of Jardine Matheson, according to the Sunday Telegraph.