Canada
Europe: Pet insurance opportunities
With around $1bn premium volume, the pet insurance market in the UK is by far the world's biggest - but increasing competition and rising vet fees over the past few years have seen what was once fertile ground become a highly contested area, with a large…
Axa praises Canadian police after rare artefact is recovered
Axa Art has praised the efforts of its loss adjuster and police authorities in Canada following the recovery rare and valuable Persian Achaemenid bas-relief panel.
Aviva and Sampo floated as potential suitors for RSA
Investment bank UBS has lifted its price target on RSA from 100p to 113p and issued a buy rating for the insurer, based on the prospect of a consortium bid for the firm led by Scandinavian rival Sampo.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
Aviva Canada names broker distribution boss Somerville as CEO
Aviva Canada has named its executive vice president of broker distribution as its new president and chief executive.
Hudson admits more can be done by Aviva to win brokers over
Aviva’s broker performance director Sam Hudson is convinced that new UK general insurance chief executive Maurice Tulloch will prove invaluable in securing greater engagement with brokers.
Quindell acquires 26% stake in Canadian health group
Outsourcing firm Quindell Portfolio has extended its presence in North American with a 26% investment and option to acquire Canadian company PT Healthcare Solutions.
Tulloch to expect a 'baptism of fire' at Aviva UK
Incoming Aviva UK and Ireland general insurance chief executive Maurice Tulloch has been warned to expect “a very different market environment” from the one he leaves behind in Canada.
Quindell boosts Ingenie investment amid over 25s and Canadian expansion
Outsourcing provider Quindell Portfolio has increased its investment in Ingenie to approximately 43% and has made a direct 40% investment in two newly formed Ingenie subsidiaries.
Quebec train disaster claims force railway operator into bankrupty
Montreal, Maine & Atlantic Railway, the operator of the runaway oil train that exploded and killed 47 people in a Quebec town, has filed for bankruptcy in Canada and the US because of potential liability from the crash.
Quindell takes 19% stake in US telematics provider
Outsourcer Quindell has completed a deal for a 19% stake in Himex, as US provider of usage-based insurance products.
XL insures train-owner at centre of Canada derailment
XL has confirmed it insurers the owner of the train that derailed in Quebec, Canada this week.
Insurers braced for losses after Canada train derailment
Insurers are facing further losses in Canada after a freight train carrying crude oil exploded in the middle of a small Canadian town.
Motor Claims 2013: Canada PI fee cap could be emulated
Canada may hold the key to regulatory reform of personal injury motor claims, according to Enterprise liability claims and risk manager Nigel Goodall.
RSA increases premium by 5% and cuts dividend
RSA Group has reported operating profit of £684m (2011: £727m) for 2012 including an entirely flat underwriting result of £375m.
'Fully-valued' RSA on course for 95% COR
A poor claims experience on RSA's Motability book will see the insurer pushing for "significant rate increases" as it renegotiates the three-year contract this year.
GFIA launches official website
The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.
Aviva reveals 97% COR in steady results
Aviva's general insurance business delivered a combined operating ratio of 97% in the first nine months of 2012, in line with the previous year, excluding RAC.
Spencer aims for consistency at Aviva
Robin Spencer, Aviva's recently appointed chief executive of general insurance in the UK & Ireland, has outlined his desire to bring stability and growth to the business.
Insuralex elects New York member
International lawyers group Insuralex has added New York practice Kissel Hirsch & Wilmer to its members.
Zurich renews seven-year CSC agreement
Zurich has extended its IT application system master service agreement with technology provider CSC for another seven years.
Analyst rules out North American sale ahead of Aviva meeting
Aviva has been warned against the disposal of its US and Canadian divisions as there are too few buyers in the marketplace.
Management merry-go-round at Catlin Canada
The Catlin Group has appointed David Huebel as chief executive of the firm's Canadian operation, replacing Mike Hansen who will continue as the aerospace product group's global leader.
R&Q settles Ace legal dispute
Randall & Quilter has reached an agreement in principle, which would resolve all of its outstanding legal cases with various companies of the Ace group.