News
Quindell stresses strength in face of sliding shares
Outsourcer Quindell has attempt to arrest its declining share price by boasting the strength of its balance sheet.
Co-op rated “junk” by Moody’s
Moody’s has downgraded the Co-operative Bank’s debt rating to “junk” status, warning the bank may need “external support”.
Floods affect over 1m in China
Floods in the provinces of Jiangxi, Anhui and Hunan in China have killed six people and impacted 33 000 hectares of crops.
Starr International opens office in Manila
Hong Kong based Starr International Insurance (Asia) is opening a branch office in Manila to provide general insurance.
WHO issues virus warning
The World Health Organisation has said the novel coronavirus, which is similar to SARS, can pass between humans.
Ireland "needs to keep itself competitive" warns XL Re president
Ireland needs to maintain its favorable regulatory climate to retain its position as a reinsurance hub, the chief executive officer of XL Re has warned.
Ageas heralds the start of Groupama brand transition process
The Groupama brand transition to Ageas Insurance is underway.
Generali Q1 profit jumps 6.3%
Italy’s Generali reported an increase in first-quarter profit of 6.3%, boosted by higher earnings from its non-life insurance business.
Government introduces Mesothelioma Bill
The Government has introduced the Mesothelioma Bill which will pave the way for a ‘Diffuse Mesothelioma Payment Scheme’.
IUA report raises concerns over cover for eco losses
Insurance cover for environmental losses is often incomplete or even non-existent without a dedicated policy in place, according to a research paper from the International Underwriting Association.
Insurance Fraud Bureau signs up Tradewise in fraud fight
Claims and policy data from Tradewise Insurance Services will be added to the 130 million records interrogated by analysts from the Insurance Fraud Bureau.
Discount rate must reflect investor reality, says Kennedys
Discount rate rules should be adjusted to reflect the fact that claimants can claim better returns through investment, according to law firm Kennedys.
LAS Claims rebrands Waylett after 2011 acquisition
LAS Claims is to further integrate Bristol-based specialist surveying business Waylett by rebranding the business.
Aviva board backed in AGM vote
Aviva has avoided a repeat of last year’s shareholder revolt at its annual general meeting, with the positions of its board validated by investors.
RSA launches private client offering
RSA is to launch a private client division that will be based in Chipping Norton with a regional presence across parts of the UK.
Quindell shares plummet on Accident Advice Helpline concerns
Shares in outsourcer Quindell Portfolio fell 28% yesterday just two days after the firm announced a huge increase in year-end profits.
Catlin reports 12% GWP hike in cat-free quarter
Catlin has reported a 12% increase in gross written premium to $1.84m in the first quarter of the year compared to the same period in 2012 (Q1 2012: $1.64m).
Indian banks may need independent broking arm
An Insurance Regulatory and Development Authority report suggests a bank's broking unit will have an independent accountable unit.
Crawford's Q1 profits rise 60%
Loss adjuster Crawford has seen a healthy rise in earnings for the start of the year.
Allianz's Ankel returns to Asia
Alexander Ankel is to move from being CEO of Allianz Turkey to head of Asia for Allianz Global Corporate & Specialty.
Engine failure suspected in Genoa ship crash
Early indications suggest that the ship which crashed into a control tower at Genoa’s port yesterday may have suffered an engine failure.
ABI backs Riot Damages Act review
The Association of British Insurers has come out in favour of the Riot Damages Act review announced today.
Kennedys swoops for Norton Rose marine specialist
Law firm Kennedys has continued its recent hiring spree with the recruitment of David McKie from Norton Rose.
Xuber unveils analytics kit for commercial lines insurers
Xchanging’s insurance software arm, Xuber, has launched a new toolset to provider commercial lines insurers with insight into their business.