News
Emerging market megacities will be "gamechanger" says Swiss Re
Eight of the top megacities in the world will be in emerging markets by 2025, according to Swiss Re.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
Ex-army pair to lead Towers Watson's crisis management business
Global professional services company Towers Watson has appointed two former military heroes to lead its crisis management business.
Young driver green paper launched at motor summit
The Department for Transport has launched a green paper in a bid to improve safety and reduce young driver risks and cut insurance costs.
ABI welcomes opportunity to reshape regulator-industry relationship
The Association of British Insurers has welcomed the opportunity to reshape the relationship between the industry and its regulators as the Financial Services Authority is due to be replaced by two new regulatory bodies.
Regulation must not jeopardise long-term investment says Insurance Europe
Insurance Europe has welcomed the European Commission’s adoption of a Green Paper on the long-term financing of the European economy.
Regulation must not harm long-term investment says Insurance Europe
Insurance Europe has welcomed the European Commission’s adoption of a Green Paper on the long-term financing of the European economy.
BGL promotes Winslow and Donaldson
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
FCA will carry on FSA’s temporary product intervention rules
The Financial Conduct Authority will carry on the Financial Services Authority approach to temporary product intervention.
Hiscox launches counter-terrorism team
Specialist insurer Hiscox has launched a dedicated counter terrorism team in response to rising security fears globally.
Hiscox launches counter terrorism team
Hiscox has launched a dedicated counter terrorism team after making several new appointments to its terrorism underwriting team.
Raffles launches expat health plans
Raffles Health Insurance, a wholly-owned subsidiary of Raffles Medical Group, has launched two international health insurance plans targeting businesses in Asia Pacific. region.
Aggregators continue to rely on brokers in commercial space, states report
Online aggregators have been unable to repeat the success achieved in the distribution of personal lines insurance in the commercial arena, where specialist brokers are more heavily relied upon.
CCR net profit surges despite €55m Thai flood loss
State owned French reinsurer CCR posted net profit of €242.3m for 2012, up from €119.4m 2011.
Halting Aviva shrinkage has reached 'critical stage', claims analyst
Aviva has been described as having the worst record for earnings and dividend growth among major UK insurers, according to Investec analysis which states that halting shrinkage has reached a “critical stage”.
Questgates launches subsidence hub service
Two former Merlin employees have helped Questgates develop, manage and launch a new subsidence hub service.
New regulator pledges to 'act more decisively' than FSA
The Financial Services Authority has outlined the risks that will be a priority in the next 12 months for its successor, the Financial Conduct Authority, when it takes over on 1 April.
Validus completes LDC-backed MBO
Motor claims specialist Validus-IVC has completed a management buyout with the support of former Davies backer Lloyds Development Capital.
Quindell acquires medico-legal service provider
Quindell has acquired Isaas Technology, a cloud-based software service provider to the medico-legal and legal services in the UK and overseas, for £1.34m.
Former Davies’ COO takes Independent Group role
Former Davies chief operating officer Andy Webb has resurfaced in a new role as managing director for insurance at restoration services provider Independent Group.
AM Best withdraws ratings of Allianz France and subsidiaries
AM Best has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of "AA-" of Allianz IARD and Allianz Vie, the main subsidiaries of Allianz France SA, and the ICR of "A-" for Allianz France SA.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Ebbage joins ex-Towergate marketing boss at Absolute Partnership
Absolute Partnership has appointed Carl Ebbage as IT Director with immediate effect.
Hamburg Internationale acquires run-off portfolio
Hamburg Internationale Rückversicherung, part of Tawa Group, has acquired Lower Insurance AG’s run-off portfolio.