News
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.
Wheatley tells firms ‘no need to be afraid of the FCA’
Martin Wheatley, chief executive of the Financial Conduct Authority, has vowed to take a less aggressive tone than its predecessor in its dealings with regulated firms.
Moody's confirms Generali debt ratings following planned restructure
Moody's has confirmed the 'Baa2' senior debt rating,'Baa3' subordinated debt rating and 'Ba1' preferred stock debt ratings of Assicurazioni Generali SpA, following its planned Italian organisation.
25% of consumers happy to talk insurance on social media
A quarter of customers are willing to engage with an insurance provider over social media, research has found.
Bollington announces completion of MBO
Bollington has formally separated from Groupama after concluding a management buy-out.
British Insurance Awards deadline today
The deadline for entries for the 19th British Insurance Awards is fast approaching.
Autonet appoints sales head
Staffordshire insurance broker Autonet has recruited Jonathan Walker as its new head of sales.
Hastings boss Hoffman cools talk of IPO following year of 'strong growth'
Hastings chief executive Gary Hoffman has moved to dampen speculation that his firm is manoeuvring itself to launch an initial public offering in the months ahead, but has refused to rule out a float in the long-term.
Homeserve axes 300 jobs
Homeserve is to cut 300 jobs after forecasting a drop-off in customer numbers in 2014.
Esure lists with £1.21bn market cap
Esure has set its sights on entering the FTSE 250 Index after setting its offer price at 290p per share as it begins conditional dealings on the London Stock Exchange today.
Hastings GWP up 19% as firm boosts 2012 customer numbers
Hastings saw a 19% increase in gross written premiums placed by the group in 2012 - up to £423m from £355m the previous year.
India's banks may need subsidiaries to sell insurance
Banks in India might need to set-up subsidiaries to sell insurance according to a source at the Insurance Regulatory Development Authority.
Indian insurers allowed to make alternative investments
The Indian regulator has ruled that insurers can broaden their allocation of assets into alternative investment funds.
Property premiums grow 16% in China
China's insurance market grew 3.5% in January and February spurred by growth in property insurance.
Bought By Many collaborates on diabetes travel policy
Bought By Many has launched a travel policy for people with diabetes through a partnership with Free Spirit Travel Insurer.
Allianz recruits property underwriter manager from AIG
Allianz Commercial has appointed Anneke Sims to the position of manager, property underwriter.
Crawford launches smartphone app
Crawford Global Technical Services has launched a mobile app that enables insurers, reinsurers, brokers and corporates to search for and appoint the loss adjuster of their choice.
Eqecat appoints new president after Keogh exit
Paul Little has been appointed as president of catastrophe modelling firm Eqecat.
NFU Mutual profit recovers despite £68m in weather claims
NFU Mutual has reported a sharp rise in profit in 2012 to £330m compared to a 2011 loss of £47m despite a 55% fall in underwriting profit to £47m (2011:£105m) after amassing weather-related claims of £68m.
Portuguese insurers expected to ramp up corporate debt investments
Portuguese insurers are expected to invest more in the corporate debt market amid improved economic stability and a decline in sovereign bond yields, according to Reuters.
DLG's Paul Geddes received £760 000 bonus in 2012
Paul Geddes, Direct Line Group chief executive, received a £760 000 bonus in remuneration for his performance during 2012.
Italian lender to put insurance business on the chopping block
The director general of Italian lender Banca Carige has said it could sell its insurance businesses and property in a bid to plug an €800m euro hole in its capital base.