News
QBE acquires HSBC's Macau GI business
HSBC Insurance (Asia) has entered into an agreement to dispose of its general insurance business in Macau to QBE Insurance (International) as the bank continues to sell insurance businesses in Asia.
CCV expands with two acquisitions
Cullum Capital Ventures, part of the Towergate Insurance Group, has acquired Morgan Brokers and its subsidiary company M Wood Insurance Services, as well as Newbold Barwick Associates.
Couple who funded luxury lifestyle through ghost broking are jailed
A couple who funded a jet-set lifestyle having failed to pay tax on £920 000 of earnings pocketed as ghost brokers have been slapped with custodial sentences.
Aviva commercial director Thornton to join Lloyds Banking Group
Lloyds Banking Group has appointed Aviva commercial director Craig Thornton to the role of general insurance director.
Warren Merritt joins Lockton in Australia
Lockton has recruited the former Asia CEO of Jardine Lloyd Thompson Warren Merritt to join its Australian operation.
Teesside-based broker makes triple hire ahead of commercial push
Henderson Insurance Brokers has made a trio of appointments, in a bid to further boost its commercial division.
Turkish insurance sector to receive investment boost
Asian and European investors will focus on Turkey's insurance sector in 2013, particularly as a result of government incentives offered in private pension plans, according to Ernst & Young.
Broker Network adds two to insurer relations team
Towergate-owned Broker Network and Countrywide has grown its insurer relations team with the addition of Axa’s Dave Wilkins alongside an internal promotion.
Brokers Link hires employee benefits expert to head up new practice group
Broking network Brokers Link has launched a global employee benefits practice group and appointed Gerard Baltazar as its first chairman.
Insurance industry advised to act now or be left behind amid PI change
A personal injury law firm has challenged the insurance industry players to act swiftly in response to changes in PI law while the market is still sorting itself out, or risk losing ground to their competitors.
Swiss Re increases dividend as Francis joins board
Shareholders Swiss Re shareholders have approved an increase in the regular dividend from CHF3.00 to CHF3.50 per share as well as an additional special dividend of CHF4.00 per share.
Flood: A Dutch Obligation
For the first time in decades Dutch citizens can purchase flood insurance but should the product be compulsory? Francesca Nyman explains.
Four Japanese carmakers recall 3.4m vehicles
Toyota, Nissan, Honda and Mazda caught out by auto parts maker Takata which supplied potentially faulty airbags.
First Myanmar private insurers to launch in June
12 private insurers who won government licenses last year will start operations in June in Myanmar, the first time private insurers have been allowed to trade in the country.
South Korea blames cyber attack on North Korea as tensions mount
South Korea says cyber attack on broadcasters and banks in March was cyber warfare from a military spy agency in North Korea, as North Korea readies rockets.
Ping An to buy Lloyd's building in London
Commerzbank is set to sell the iconic building after almost eight years of ownership to the Chinese insurer.
GAB Robins’ pensions capped as regulator takes stake in firm
GAB Robins UK has secured its future after striking a deal with The Pensions Regulator and its scheme’s trustees to eliminate its pension liabilities, with the public body taking an equity stake in the loss adjuster.
M6.3 earthquake hits Iran's southwest coast
An magnitude 6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast on April 9.
Former RSA chairman joins Ace
Ace European has appointed former RSA chairman John Napier to a new role of non-executive chairman of Ace European Group and Ace Underwriting Agencies.
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Bluefin acquisitions boss Sugden departs
Bluefin Insurance’s acquisitions lead Marshall Sugden is leaving the firm to join another broker, Post can reveal.
Saffron Insurance teams up with Vamco
Saffron Insurance has appointed Vamco to provide a full-service external claims handling service across its client portfolio.
KPMG names Smart UK insurance boss
KPMG has promoted its Solvency II boss to head up the total UK insurance practice.
Allianz training scheme attracts record response
Allianz Commercial has welcomed its second intake of scholars for its partner academy scholarship programme.