Insurer
IAG increases stake in Indian insurer to 49%
Insurance Australia Group is taking advantage of new rules in India to increase its 26% stake in SBI General Insurance to 49%.
10 found guilty in £1m fraud scam
Ten people involved in a £1m crash-for-cash scam have today been found guilty of conspiracy to defraud at the Manchester Crown Court.
CNA Hardy becomes underwriting partner for Dual's marine and energy business
Dual’s global marine and energy business has started underwriting supported by CNA Hardy’s Lloyd’s syndicate.
Motor market constraints not Gibraltar-specific, GIA says
Market constraints that contributed to Gibraltar-based underwriter the Service Insurance Company ceasing to write business are likely to felt by motor insurers Europe-wide and not just in the UK overseas territory, the Gibraltar Insurance Association…
Volkswagen and Ageas team up for new motor proposition
Ageas UK and Volkswagen Financial Services have entered into an agreement that will see customers buying an Audi vehicle receive a new, fully branded motor proposition from the insurer.
Post Office Money unveils new over-50s household policy
Post Office Money has launched a new home insurance product for customers aged over 50.
April Fool's: Independent Insurance to be re-launched at Biba Conference 2015
Kites may well fly above the Manchester Central Conference Centre at the British Insurance Brokers' Association conference on 13 May, but it won't be to celebrate the launch of Independent Insurance Mark II.
Carlyle Group buys Nationwide Accident Repair Services for £43.2m
US private equity firm Carlyle Group has agreed a deal to buy AIM-listed Nationwide Accident Repair Services for £43.2m.
LV picks Wunelli to develop safer driving telematics app
LV has selected Wunelli to support its entry into the usage-based insurance arena with the launch of its first telematics app.
Blog: Private sector pain for brokers part of the price of peace in Northern Ireland
It is almost 17 years to the day since the Good Friday Agreement brought an end to 30 years of sectarian conflict in Northern Ireland, yet the lasting legacy of ‘The Troubles’ continues to have a profound effect on the local economy and the general…
Hamilton completes deal for Sportscover
Bermuda-based Hamilton Insurance Group has tied up the acquisition of Sportscover Underwriting for an undisclosed amount.
Zurich undeterred from fraud fight after appeal is upheld
Zurich says it is "unsurprisingly disappointed" by a 31 March Court of Appeal decision that ruled in favour of a claimant the insurer had evidence to show had made a fraudulent claim.
Cullum, Oliver, Thiam and Henderson back the Conservatives
Four well-known senior managers in the market have joined 99 other business leaders and backed the Conservatives for the 2015 general election in a letter.
Chartered employees earning at least 25% more, CII survey finds
A survey by the Chartered Insurance Institute has found that chartered employees earn more than a quarter more than their non-chartered colleagues.
Editor's comment: Do as I say, not as I do
Insurers and brokers have been warned to be on their guard after the Financial Conduct Authority set out its stall for 2015 and set its sights on a general insurance shake-up with another series of reviews – despite many thinking this might be the year…
Post magazine – 2/9 April
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Allied World seals purchase of RSA's Hong Kong and Singapore operations
The sale of RSA’s businesses in Hong Kong and Singapore to the Swiss-based Allied World Assurance Company has been completed.
Catlin completes Insure the Box sale
Aioi Nissay Dowa Insurance has finalised its acquisition of Insure the Box and Drive Like a Girl from Catlin.
Independent Insurance to be re-launched at Biba Conference 2015
Independent Insurance is to be re-launched at the 2015 British Insurance Brokers’ Association Conference in Manchester Post has learnt.
Judge dismisses first full case for fundamental dishonesty
A Telford County Court judge has dismissed the first full trial due to a finding of fundamental dishonesty.
Elite says unrated status not an issue for potential Medco customers
Elite Insurance's chief operating officer Russell Smart has stressed that customers should not be worried by the fact that the firm is an unrated carrier.
Career Development & CSR: A helping hand for local causes
Aviva has launched the Aviva Community Fund, an initiative that will lend a helping hand to local communities by offering support and funding for inspirational local causes.
Career File: Clive Nicholls - Crawford & Company names new UK CEO
Clive Nicholls has been appointed as CEO of Crawford & Company UK & Ireland in a leadership reshuffle following its acquisition of GAB Robins.
Market Moves - 2 April 2015
Who has moved where this week.