Insurer
ABI research shows insurers paid £32.1bn in claims last year
The amount paid out by UK general insurers on claims last year increased by £1.5bn on the 2012 figure of £30.6bn, according to the Association of British Insurers' UK insurance key facts 2014 research.
LMA targeting under-30s with committee representation
The Lloyd’s Market Association is to bolster representation for young professionals with representation for under-30s on the LMA market and technical committees.
Insurers need to have clear policies over sanctions says IUMI
The International Union of Marine Insurance has called for insurers and reinsurers to have clear policies with regards sanctions.
Protecting customer data can drive revenue says Boyd
Gaining customer trust should not be viewed as being in conflict with revenue generation, according to Magnus Boyd, partner at Hill Dickinson.
Mapfre reported to have bid €500m for DLG's Italian and German units
Direct Line Group is believed to have been offered €500m (£393.2m) by Spanish insurer Mapfre for its Italian and German operations.
Allianz Retail makes senior appointments to corporate partner division
Allianz Retail has appointed two new business development managers to its corporate partner division.
Allianz Worldwide Care unveils new products after France health merger
Dublin-based insurer Allianz Worldwide Care has entered the life and disability market after a merger with the international health business of Allianz France.
Ex Biba exec Foulsham appointed as REG advisor
Steve Foulsham, former head of technical services at the British Insurance Brokers’ Association has joined Regulatory Efficiency gains as an advisor.
Charles Taylor to buy Isle of Man life insurer
Charles Taylor has entered an agreement to acquire Nordea Life & Pensions, an Isle of Man life insurer, from Nordea Life and Pensions S.A., Luxembourg.
Hong Kong's chief executive commits to marine trade
Speaking at the 2014 IUMI conference, Hong Kong's chief executive Leung Chun-ying said he was committed to its role as an international maritime centre.
Hiscox exits care home sector
Hiscox has confirmed it is withdrawing from the care home sector to focus on its core lines of business.
Competition in Australia heating up
Competition amongst Australia’s insurers is continuing to intensify as the soft market dynamics show little sign of changing, writes Nicky Burridge.
Cooper Gay, Willis, XL, Generali and Ace sign up for Netsett pilot
Willis, Cooper Gay Swett & Crawford and Ruschlikon UK members, Ace, XL Group and Generali, have signed up to participate in pilots of Xchanging’s Netsett platform.
Hiscox adds two to London market personal accident team
Hiscox has expanded its London market personal accident team with the hire of a team leader and senior underwriter.
ABI offers staunch defence of application fraud figures following criticism
The Association of British Insurers has moved to defend the process by which it calculated that 180 675 motorists attempted fraudulent insurance applications last year, following criticism by a claimant law firm.
Financial services turns attention to 'devo max' following Scottish 'no' vote
Uncertainty among Scottish based financial institutions has not been entirely alleviated by the ‘no’ vote on independence, amid plans to devolve additional powers north of the border.
PICC targets Chinese pet owners
Chinese insurance giant PICC is launching a product for cats and dogs for Chinese owners.
Ace recruits from Accenture firm for head of travel, Asia-Pacific
Ace has appointed Jon Ford as vice president and head of travel, Asia-Pacific.
The Policy Shop cashes out with sale to Markerstudy
Markerstudy has bolstered its gross written premium by £20m with the acquisition of personal lines broker The Policy Shop.
CILA president Jones targets next generation of loss adjusters
Bringing through the next generation of loss adjusters has been described as “number one” in Mike Jones’ top three objectives for his year as president of the Chartered Institute of Loss Adjusters.
Europe: New rules for Dutch-based insurers
Martijn van Broeckhuijsen looks at the tough new rules Dutch-based insurers could be facing around remuneration
SSP tackles £2.8bn application stage fraud with software launch
Software provider SSP has launched a counter fraud solution within a pricing and data platform in a bid to enable insurance companies to clamp down on rising motor fraud at the policy application stage.
AGCS names Feng as Mitchell's successor in Hong Kong
Allianz Global Corporate & Specialty SE has appointed its Singapore branch regional manager for financial lines Asia, Chin Feng, as chief executive of the firm’s Hong Kong branch following Mark Mitchell's promotion to regional CEO for AGCS Asia.
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.