News
Macau's insurers see profit surge
The Macau insurance industry saw profits of MOP509m ($74m) in 2012, nearly three times the profits in 2011.
HKFI responds to criticism from Consumer Council over travel insurance policies
The Hong Kong Federation of Insurers has welcomed a report by the Consumer Council into high-risk activities covered by travel insurance.
European insurers look to invest in illiquid asset classes
European insurers are increasingly looking to invest in more illiquid asset classes, including private loans, as low rates and new regulations bite, Moody's said today.
Crawford adds four adjusters to Singapore team
Claims management firm Crawford & Company has bolstered its Asia Pacific operation by appointing four new adjusters to its Singapore team.
UK driverless car trial planned for 2013
A trial of driverless cars is set to be launched onto UK roads later this year, the Department for Transport has announced.
Chesterfield appoints new aviation head
Lloyd’s broker Chesterfield has appointed Stephen Campbell to head its aviation division.
Broker Network inks three year Alps deal
Broker Network & Countrywide has signed a deal with Auto Legal Protection Services that will serve its members with products and services.
AJG swoops for JLT Europe chair Wade
Arthur J Gallagher has recruited Jardine Lloyd Thompson’s former European chairman and group general counsel to lead international growth.
Hiscox’s purpose built York development to create 500 jobs
Hiscox will be recruiting up to 500 people for its £19m purposed built office building in York.
Ecclesiastical recruits former Brit CEO
Specialist insurer Ecclesiastical has today announced the appointment of Ray Cox to its group management board, effective from 1 August.
Hardy hires Thomas in non-exec role
Lloyd’s insurer Hardy has appointed a former Willis risk management leader and insurance solicitor to join its board as a non-executive director.
AJG tipped as early favourite to complete Giles swoop
Arthur J Gallagher has emerged as an early frontrunner among a pack of brokers looking to secure Charterhouse's majority stake in Giles.
Markerstudy makes Brightside bid after “non-aggressive” 9% stake
Gibraltar-based motor insurer Markerstudy has approached Brightside over a potential takeover, despite the insurer’s chief underwriting officer insisting an earlier purchase of a stake in the firm would be “non-aggressive”.
Online insurance offering addresses needs of ex-pats
In partnership with Professional Investment Consultants, Clements Worldwide has launched a web-based marketplace designed to provide Europe-based individuals and organisations operating outside of their home country with affordable cover.
FCA fines Swinton £7.4m for mis-selling add-ons
The Financial Conduct Authority has fined Swinton almost £7.4m for the mis-selling of add-ons.
Axa blocked in latest Autofocus retrial bid
Axa has experienced a legal setback in the latest of its battles with credit hire firm Accident Exchange, just a week before an Autofocus retrial is scheduled to come to court for the first time.
Bluefin unveils new COO
Bluefin has appointed Tim Philip to the newly created position of chief operating officer.
Axa whiplash report calls for compulsory MRI scans as evidence
The UK should introduce mandatory MRI scans and impose a time limit on the appearance of symptoms to curb the number of spurious whiplash claims, according to Axa.
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Tailored approach is essential to European disaster management
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe and called for insurance cover to be tailored to the different type of risks and their locations.
Tailored approach to European disaster management is essential
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe.
Biba partners with UKGI on members’ helpline
The British Insurance Brokers’ Association is to work with compliance consultancy UKGI to provide compliance helpline facilities to its members.
Downward trend in airline insurance premiums set to continue
The loss of an Asiana Boeing 777 aircraft earlier this month will do little to change the downward slide in premium prices in the airline insurance market, a report by Willis said.
Barclays ends PPI complaints handling contract with Deloitte
Around 300 staff employed by Deloitte to handle payment protection insurance claims for Barclaycard were told their contracts would finish a month earlier than scheduled, The Times reported.