News
VIG posts record profit for second year running
Vienna Insurance Group posted a 5.1% increase in profit before taxes to €587.4m in 2012, the highest profit in the company's history.
Brightside duo join Gallagher with view to doubling revenue
Two former Brightside directors have joined Gallagher Heath Insurance Services with a view to expanding its UK schemes and affinities business.
Tevez trial prompts MIB outcry on uninsured drivers
Carlos Tevez' trial for driving while disqualified and without insurance has prompted the Motor Insurers' Bureau chief executive to call on footballers to set a better example to young drivers.
Higos to more than double branch its network by 2018
Higos Insurance Services plans to more than double in size over the next five years.
Barbican joins Home & Legacy panel
Barbican is set to join the household insurance panel of high net worth specialist Home & Legacy.
RSA boss wins pay boost despite dividend drop
RSA group chief executive Simon Lee has seen his total remuneration increase over the course of 2012 in spite of the insurer’s final dividend falling by almost 2p this year.
Parabis opens Edinburgh office after attracting team from rival firm
Parabis has opened its second office in Scotland in less than six months after attracting an Edinburgh-based team from Brodies.
York International hands MD role to ex-Axis boss Jacob
York International has appointed Alistair Jacob as managing director, where he will be responsible for the strategic business development across all territories outside of North America.
Ace UK & Ireland swoops for Chubb casualty manager
Mark Roberts has been appointed casualty manager for Ace UK & Ireland as it invests in building its liability insurance capabilities across the region.
QBE bolsters trade credit business with senior underwriter hire
QBE Trade Credit has swooped to recruit a former Atradius global sales manager as a senior underwriter.
Ace appoints ex-Chubb casualty manager
Chubb's former European casualty manager Mark Roberts has joined Ace as casualty manager for the UK & Ireland as part of the insurer's bid to build its liability insurance capabilities.
Ascent launches cyber-risk notification ring fencing
Amlin-backed cyber risks managing general agent is to ring fence data breach notification costs from main policy limits in a bid to protect small and mid-market clients.
Quindell wins five-year deal with RAC
Quindell has said a new five-year contract that sees RAC implementing its end-to-end technology platform has the potential to be its largest revenue generator to date.
Ascent recognises costs of cyber breach notification
Ascent Underwriting, the cyber risks managing general agent, is ring-fencing the costs of cyber breach notification separately from its main insurance policy limit.
Towergate launches armed forces discount
UK armed forces members and veterans are to be offered discounted insurance products under a new partnership between Towergate and the Defence Discount Service.
Keycare recruits four after new contract wins
Key recovery and replacement specialist Keycare has bolstered its numbers following new commissions with Tesco Bank’s motor insurance business, as well as Go Skippy and Chaucer Direct.
Composite insurers likely to split in Malaysia
The Financial Services Act and Islamic Financial Services Act are likely to force composites, including takaful insurers, to split their units in the middle of the year.
Chinese fuel tanker shipped crude from Iran in March
Despite EU and US sanctions and lack of insurance cover, a Chinese tanker transported fuel from Iran last month.
Prime Professions deal “obvious fit” says Willis
Willis’ chairman of financial and executive risks has hailed the acquisition of professional indemnity broker Prime Professions.
Top 5 Asian news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Energy pool could allow Indian refiners to keep processing Iranian oil
India’s government is rumoured to be establishing a multi-million-dollar insurance pool to support local insurers giving coverage to refiners processing Iranian crude oil.
Top 5 European news stories
The top 5 stories from www.insuranceinsight.com over the past seven days.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
EU-US dialogue project agrees five-year plan
The Steering Committee of the EU-U.S. Insurance Dialogue Project has agreed on a high level work plan from 2013 to 2017.