News
Libyan revolution anniversary violence likely
The 15 February anniversary of the Libyan revolution will raise the risk of violent protests, according to Exclusive Analysis.
Zurich UK GI operating profit slides 46%
Zurich has blamed a major increase in large commercial losses and pension charges on a 46% slump in business operating profit to £85.3m in its UK general insurance operation in 2012.
Kennedys partners relocate to Dubai
Two UK-based partners from law firm Kennedys have relocated to the firm’s Dubai office amid growing demand for insurance related services in the Middle East.
Catlin full-year results “a mixed bag”
Specialty insurer Catlin’s results for the calendar year of 2012 represented a “mixed bag” according to Shore Capital Eamonn Flanagan.
Zurich GI profit falls after Sandy and German 'system error'
Operating profit in Zurich's general insurance business dropped by $150m to $2.1bn year-on-year in 2012 after above average catastrophe and weather-related losses offset gains made through tighter underwriting discipline and expense management.
R&Q MGA launches Lloyd’s yacht consortium
Randall & Quilter’s multi-line underwriting agency, R&Q MGA, has created a dedicated Lloyd’s consortium to provide yacht and small vessel cover, globally.
Zurich GI profit falls in 2012
Zurich blames weather losses for fall in profitability, but saw increase in premiums and is confident German reserving problem was a one-off.
Insurance CEOs upbeat about Asia and the Middle East, says PWC
The majority of insurance CEOs think their businesses are going to grow over the next few years according to PWC 16th annual global CEO survey.
Career file: Simon McGinn: McGinn to replace long-serving Hanks
Simon McGinn will succeed Chris Hanks as general manager of commercial at Allianz from 1 July.
Ecclesiastical and Quadra in dual branding strategy
Quadra Claims Services director Dave Greenwood has confirmed the firm will retain its independence despite strengthening its links with insurer Ecclesiastical.
Buyout sees Bollington follow Lark in breaking away from Groupama
The Bollington Group has become the third and final Groupama-owned broker to clarify its long-term future after a management buyout agreement was reached.
Multimillion pound supermarket horsemeat scandal bypasses insurers
Insurers are awaiting test results on food products as many of the UK’s largest supermarkets continue to recall beef products found to contain horsemeat.
Brokers bemoan electronic claims systems as service satisfaction declines
Brokers have blamed an over-reliance on electronic systems for a decline in London market insurers’ claims standards.
Drive Assist collapse threatens bodyshops
The National Association of Bodyshops is threatening legal action against Drive Assist’s administrators, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it entered liquidation.
Aviva calls for third-party ban in motor claims process
Aviva has launched a fresh attack on personal injury law firms, which it accuses of adding £1.5bn – or £118 per motor premium – in unnecessary costs to the motor insurance claims process.
View from the Top: Where is the love?
Survey peddlers should be off the Valentine’s card list as they predict doom and gloom
Market moves: Three new staff for Giles as recruitment drive continues
Continuing its push for new staff, Giles was again one of the biggest recruiters this week, with the broker welcoming three new faces to its Scottish team. Elsewhere in broking, Arthur J Gallagher, UIB and the Wilson Organisation brought in new starters…
Crawford records Sandy-boosted $52.6m profit for 2012
Loss adjuster Crawford has seen profits climb off the back of a strong fourth quarter for the year ending December 31.
Zurich proposes new board members
Zurich Insurance's board of directors has proposed the re-election of Susan Bies, Victor Chu and Rolf Watter at its annual general meeting on 4 April 2013.
Political risk threatens global infrastructure sector
Organisations involved with the infrastructure sector must build political risk assessments and protection mechanisms into their project decision-making to help safeguard future investments, according to Marsh.
Insurers’ profits decline by £19bn from pre-crash high
General insurers saw a £19bn profit fall in 2011 from a pre-crash industry high in 2007, PWC research found.
Motor Claims 2013: Panellists at loggerheads over credibility of medical evidence
Aviva claims director Dominic Clayden has questioned whether medical evidence is required in all low level whiplash claims, after expressing disillusionment with the current system.
GAB Robins expands tablet adjusting programme
Loss adjuster GAB Robins is to deploy tablets with all loss adjusting teams by the end of Q2.
Groupama MD Matras set to depart as Ageas unveils management shake-up
Ageas has this afternoon confirmed that former Groupama Insurances managing director Laurent Matras will leave the business, as the integration of the acquired firm gathers momentum.