Insurer
Evolution extends Allianz capacity arrangements
Evolution Underwriting has extended its capacity arrangements with Allianz for a further five years.
Aspen opens in Manchester
Aspen Risk Management has opened new premises in Manchester, the company’s fourth office outside London.
Xchanging hires director of change for insurance
Xchanging has appointed John Niblett as insurance change director for its insurance sector business.
Purchasing financial products a worry for 23% of consumers
According to research by independent financial research company Defaqto, 23% of people are worried about purchasing a financial product that is not right for them at the same time, 49% do not necessarily understand the features of products they own.
CII Blog: Past, Present and Future
Now is a good idea time to reflect on the past year and 2011 was certainly a rollercoaster for those in insurance.
Axa prepares to screen £20m marketing campaign
Axa is preparing to launch a £20m TV marketing campaign across all of its UK business.
Insurers face payouts over ‘tainted’ Autofocus reports
Major insurers face huge payouts to credit hirer Accident Exchange after a judge ordered “thousands” of cases involving “tainted” Autofocus reports to be heard by the Court of Appeal.
Fonsai downgraded to 'BB' along with main subsidiary
Italy’s second largest motor insurer Fondaria-Sai has been downgraded from ‘B+’ to ‘BB’ along with its main subsidiary Milano Assicurazioni.
Ex DA Constable MD joins syndicate 2525
Whittington Capital Management syndicate 2525 has appointed Stephen Fitzgerald to develop business in UK regions not currently accessed through the Lloyd’s broker channel.
First Assist "regrets" lack of clarity on Laspo bill
Legal expenses provider First Assist has welcomed the six month delay to the Legal Aid, Sentencing and Punishment of Offenders bill stating it was “a limited reprieve” for those making claims next year.
Arc set to rebrand
The Association of Run-Off Companies has obtained in-principle permission from the FSA and Companies House to change its name to Insurance and Reinsurance Legacy Association, subject to a forthcoming extraordinary general meeting.
Thirty insurers linked to Costa Concordia disaster
More than 30 insurers are likely to carry the cost of stricken Costa Concordia cruise ship.
Mapfre IDR downgraded following sovereign
Fitch Ratings has downgraded the issuer default rating for Spanish insurer Mapfre SA and its core subsidiaries from ‘A-‘ to ‘A’.
Generali could be downgraded if Italy's IDR falls any lower
A further sovereign downgrade for Italy is likely to result in a downgrade for Italian insurer Assicurazioni Generali, ratings agency Fitch has said.
Websure completes R&Q Marine Services implementation
Specialist insurance software provider Websure has completed the implementation and launch of R&Q Marine Services which was formed when the yacht and marine trade teams portfolio was transferred from Underwriting Risk Services.
Towergate 'financially rock solid' despite IDR downgrade warning
Towergate chief financial officer Ian Patrick has described his firm as being “comfortably within the expected range” after Fitch Ratings reaffirmed the broker’s issuer default rating at ‘B’, but changed the outlook from stable to negative.
Doha Insurance reports 9% net profit rise
Doha Insurance Company (DIC) has seen its net profit rise 9% to Q65.85mn, and has recommended 30% bonus shares to shareholders.
CILA launches young adjusters group
The Chartered Institute of Loss Adjusters has launched a special interest group for young adjusting and claims personnel.
Laspo Bill suffers six-month delay
The Legal Aid Sentencing and Punishment of Offenders Bill will not be implemented until April 2013, the government has confirmed.
Willis targets multinationals with new MD of Global Solutions
Global broker Willis has appointed Bruce Trigg as managing director of Global Solutions, with effect from 1st April 2012.
WNS to ditch Helphire in favour of Accidents Happen brand
The commercial relationship between WNS Assistance and Helphire will come to an end in April - one year after Helphire was appointed third party provider for credit services following concerns expressed by the WNS Approved Repairer Network.
Brit hires investment chief from IAG
Brit has recruited John Stratton from Insurance Australia Group to fill the newly created role of chief investment officer.
Homeserve appoints group COO
Homeserve has promoted its group chief financial officer, Martin Bennett, to the new position of group chief operating officer.
Moody’s ups outlook for French insurers
Moody's has changed the outlook for the French property and casualty sector to stable from negative, but left the French life insurance sector on negative.