News
Improved commercial property returns in 2013 forecast by L&G
Legal & General Property director of research Rob Martin this morning forecast improved UK commercial property returns in 2013, with a continued polarisation between the best and worst opportunities.
Argo swings to $52m net income for 2012
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Beazley CEO downplays M&A interest amid plans for repeat of 2012
Beazley chief executive Andrew Horton has played down the likelihood of acquisitive movement at the specialist insurer in 2013 and is instead aiming for a repeat of the previous year in terms of growth.
Ace enters Lloyd’s energy market
Ace has launched offshore and onshore energy cover from its Lloyd’s syndicate 2488.
Aviva axes Matthews in leadership reshuffle
Aviva has moved to restructure its top tier in a move that sees its executive director of developed markets Trevor Matthews depart.
Axis acquisition to drive international expansion at York
York Risk Services Group has acquired loss adjuster Axis as part of the company’s plans to expand international growth.
Hastings makes double NED appointment at group companies
Former Groupama international division managing director Pierre Lefèvre has been appointed as a non executive director to Hastings Insurance Group and Advantage Insurance Company.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Beazley more than triples net profits
Beazley has reported soaring post-tax profits, seeing figures rise over three fold on last year’s totals.
Beazley board recommends new appointment
The Board at Beazley has recommended the appointment of Angela Crawford-Ingle as an independent non-executive director of Beazley.
Indonesia begins tsunami shelter construction
The Indonesian government has allocated 16 trillion rupiah ($1.6bn) to build shelters and support areas that are early affected by tsunami-related disasters.
Allianz appoints Hong Kong CEO
Mark Mitchell will take on the CEO role of Allianz Global Corporate and Specialty Hong Kong branch with responsibility for Greater China on 14 February.
ABI calls for political consensus at Labour flood summit
The Association of British Insurers said that rising rainfall levels are making it crucial the cross party political support can be achieved on flood cover.
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
Efra chair pushes alternative flood-risk proposal as SoP pressure mounts
The possibility of using a proportion of insurance premium tax to subsidise a pool of last resort for flood-prone homeowners has been championed by the chair of the Environment, Food and Rural Affairs Committee.
Career File: Ben Fletcher lands IFB director role
The Insurance Fraud Bureau has appointed head of operations Ben Fletcher as its new director.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
ABI slammed for using failed argument to derail Welsh asbestos Bill
The Association of British Insurers has been criticised for fighting a proposed asbestos recovery costs Bill in Wales with a failed argument already overturned in Scotland.
Politicians seek MoJ talks after insurers warn portal delay could hit consumers
Insurers have warned politicians any delay in extending the remit of the Road Traffic Accident Portal could see consumers picking up the bulk of an expected multi-million pound bill.
Career development: Markerstudy schemes granted ILM approval
Markerstudy Group development programmes Shooting Stars and Train the Trainer have been approved by the Institute of Leadership & Management.
Market moves: Brokers lead recruitment drive with major hires at Reich, Russell Scanlan and RFIB
The recruitment space belonged to broking this week, with Reich, Russell Scanlan and RFIB all recruiting senior staff. Reich welcomed a new head of group operations, while Russell Scanlan and RFIB added directors to their respective teams. Meanwhile,…
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
NFU Mutual to axe up to 150 staff
NFU Mutual is starting a 90-day consultation that could result in 150 redundancies, out of 1000 positions, as it seeks to move from a paper dependent process and consolidate its first notification of loss teams.