Insurer
Hiscox Retail reports record H1 profit despite tough market conditions
Hiscox Retail delivered record profits of £59.3m in the six months to 30 June 2015, up from £37.4m in the same period in 2014.
Ace moves Asia-Pacific headquarters in Singapore
Ace has moved its Asia-Pacific headquarters in Singapore to Capita Green, 138 Market Street in the CBD.
Facebook fraudster given community order
A fraudster, who committed insurance fraud against Aviva, has been sentenced to a 12 month community order and must undertake 150 hours unpaid work.
CMC regulator and Apil back ethical marketing charter
An ethical marketing charter geared towards clamping down nuisance marketing and bad practice by rogue operators has been backed by the Claims Management Regulator and the Association of Personal Injury Lawyers.
Mapfre takes 31% hit on H1 net profit
Spanish insurer Mapfre has reported a 31% drop in post-tax profit for the first six months of 2015 to €315.6m (£223m).
Anthem to acquire Cigna for $54.2bn
US health insurer Anthem has agreed to buy Cigna in a deal that values the latter at $54.2bn (£34.9bn).
Blog: GI hopes high on FCA successor as Wheatley is shredded
The soon to be deposed Financial Conduct Authority CEO Martin ‘shoot first ask questions later' Wheatley this week admitted he is "disappointed to be moving on with a sense of unfinished business".
Blog: Toxic fumes in airplanes?
Recent media coverage has put the issue of whether airplane passengers and crew can potentially be exposed to toxic cabin air back in the news. Could this result in new claims?
Quiz of the week - 24 July 2015
It’s that time of the week again… Quiz Time!
Gallagher kicks off legal proceedings against Alex Skriptchenkov and Portsoken
Arthur J Gallagher has started legal proceedings against former employee Alex Skriptchenkov and his new employer, Portsoken.
Dual acquires MGA Oliva Underwriting
Hyperion underwriting arm Dual has acquired UK-based property and casualty, contractor trades and marine insurance managing general agent Oliva Underwriting.
Horton confident for the future as Beazley racks up 16% rise in H1 profits
Beazley CEO Andrew Horton has hailed an “excellent first half” for his firm after presiding over a 16% year-on-year increase in pre-tax profits to $154.5m (£99.8m), up from $132.9m at the halfway point in 2014.
ABI applauds MoJ entry into NIHL market
The Association of British Insurers has welcomed a move by the Ministry of Justice to tackle the growing number and cost of claims for noise induced hearing loss.
Osborne confident insurers can ‘absorb' IPT costs
Chancellor of the Exchequer George Osborne is confident the insurance sector can absorb the cost of the 56% increase in insurance premium tax announced in the summer Budget.
Chaucer strikes Quinn deal with Liberty
Chaucer Insurance Services, the UK motor, commercial property and liability insurer, has reached an agreement to purchase the Quinn-direct private motor insurance book from Liberty Insurance.
Suspended sentences for fraudulent pet insurance scam
A married couple who conned an insurer out of £8,358.50 by making fictitious claims on pet insurance for real and non-existent dogs have been given a suspended prison sentence.
Europe: Time to tune up D&O policies in Spain
XL Catlin's Estefania Taboada looks at the impact of new company governance rules on Spanish D&O policies.
Autoglass appoints new supply chain director
Embattled windscreen repairer Autoglass announced today (23 July) the appointment of Simon Blake as operations and supply chain director.
UK businesses report increased trade credit concerns
UK businesses are increasingly worried about their trading environment - with 22% of businesses saying their trade credit risk had increased over the past six months, QBE research has found.
Generali acquires My Drive Solutions
Generali has acquired My Drive Solutions, a UK firm specialising in the use of data analytics to profile driving styles.
Motor players warned to innovate amid development of driverless cars
The pressing need for the motor market to alter its business model has been highlighted by the Lloyd’s Market Association and Deutsche Bank this week in light of the ongoing development of driverless car technology.
Charles Taylor teams up with PE firm to buy major stake in software provider
Charles Taylor and global private equity firm The Riverside Company have collectively entered into an agreement to acquire a majority interest in the owner of Fadata AD, a specialist provider of software solutions to the global insurance industry.
Allied World's profits hammered in Q2 by catastrophes and investment losses
Allied World's after tax profits fell 94% to $9.5m (£6m) in the second quarter compared with the same period last year when profits hit $151.9m.
Walker begins Hong Kong QBE journey
Mark Walker, previously CEO of RSA Hong Kong, has started his role as CEO of QBE's Hong Kong operations.