Insurer
Mayer leaves Aviva as part of management restructure
Igal Mayer has left Aviva as part of a mangement restructure to 'simplify' and 'focus' the business, after little more than a year in his role.
Insurers criticised for using undefined term to reject drain claims
Drainage insurance expert Drain Claim has called on home insurers to explain the term 'serviceable' used to reject claims.
Bharti Axa aims to grow with focus on coastal cyclone-prone areas
Indian insurers must raise awareness of the need for insurance in cyclone-prone coastal areas, according to Amarnath Ananthanarayanan, chief executive and managing director of Bharti Axa General Insurance.
Randall & Quilter suffers after tax loss following goodwill charge
A £13.5m goodwill impairment charge has resulted in bosses at Randall & Quilter announcing an after tax loss of £488 000 in 2011, following a 2010 profit of £6.4m.
Mapfre's Maltese assistance unit begins operations
Middlesea Assist, the new subsidiary of Mapre Assistencia, has started to operate in Malta.
Catlin given the go-ahead for Beijing office
Lloyd's reinsurer Catlin Group has been granted approval by the Chinese Insurance and Regulatory Commission to open a wholly owned representative office in Beijing.
Chinese state pushes to extend basic medical cover
The Chinese government is embarking on a plan of healthcare reform that aims to expand basic medical cover to at least 95% of Chinese citizens.
Mayer leaves Aviva in management shake-up
Aviva Europe chief executive Igal Mayer has left the insurer as part of a revamp of its management team.
Catlin to open Beijing office
International speciality property and casualty insurer and reinsurer Catlin has been granted approval by the China Insurance Regulatory Commission to open and operate a wholly owned representative office in Beijing.
Chubb's A++ financial strength rating affirmed
AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit rating of AA+ for the Chubb Group and its property/casualty members.
Firms still failing to focus on supply chain resiliency
Despite a number of wake-up calls from last year's catastrophe events, many organisations still lack complete visibility into their supply chains and remain vulnerable to the next disaster, according to a white paper published today by Marsh.
Penny Black's Insurance Week
Penny gets All Shook Up at a broker presentation.
Penny speed meets ... Mihir Pandya, fraud manager, Allianz Insurance
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own 'speed…
Market moves: Canopius and CGSC dominate appointments
This week the recruitment space belonged to Canopius and Cooper Gay Swett & Crawford. Canopius restructured its entire executive committee, alongside appointing an underwriter, while CGSC recruited a new chief commercial officer, head of operations and…
Travel insurance: Expedition exclusions
With the popularity of overseas breaks showing no sign of abating, travel cover has the potential to grow. However, insurers in the sector are never far from controversy.
In series Competitive edge: Pinpoint positioning through geospatial and big data
The insurance industry must combine a geospatial approach with big data analytics to stay ahead of the competition.
Your say: End of the expenses era?
Recent high-profile expenses fraud prosecutions are prompting insurance companies to take a tougher stance with employees when it comes to recording and submitting expense claims.
View from the top: Business continuity needed for SMEs
Only 39% of SMEs have business interruption cover in place.
Legal analysis: Brokers should rethink fee structure in light of duty of care ruling
The ruling earlier this month in which a judge in the Royal Court of Jersey awarded damages of £528 500 against a leading insurance broker demonstrates that perhaps brokers need to charge more for their services as well as reconsider their role and…
Brokers back potential DLG flotation citing interest in share options
NIG brokers have responded positively to the Direct Line Group split from RBS, some even raising the issue of potential share options if the group's mooted initial public offering bid is successful, the insurer has claimed.
Private equity: a new wave of investment
A new wave of private equity investment is entering the insurance market on the back of tougher bank lending terms. But is it here to stay?
Zurich campaign to abolish damages for fraudsters draws industry support
The potentially ground-breaking decision by Zurich fraud bosses to take their fight to refuse payment on the genuine element of a fraudulent third-party claim to the Supreme Court has drawn praise from industry peers.
Battle for broker schemes hots up as players bolster ranks of expertise
Specialist insurer Ecclesiastical has secured four new broker schemes, just weeks after pledging to refocus its efforts on intermediary deals, as insurers scramble to pick up lucrative broker schemes.
Price-comparison model questioned as Admiral casts off Italian Chiarezza
Admiral's sale of its Italian aggregator Chiarezza on Monday demonstrates a failure adequately to invest in overseas ventures, and further withdrawal from European aggregators is a possibility for the insurer, according to one analyst.