Insurer
Amlin UK boss Carpenter sets exit date
Former Amlin UK chief executive Brian Carpenter has confirmed his plans to retire later this year, setting the date of 30 September for his departure.
H1 weather claims hit insurers for £845m
Weather damage claims have cost insurers £845m across the first half of 2014 according to figures from the Association of British Insurers.
Amlin profits slide in H1 as large catastrophe losses grow
Lloyd’s insurer Amlin chalked up a reduced profit before tax of £148.5m in the first half of 2014 (H1 2013: £161.4m) as an uptick in large catastrophe losses took its toll.
Ankel to leave Allianz Global Corporate & Specialty
Alexander Ankel, Asia chief executive of Allianz Global Corporate & Specialty, is leaving the group to pursue "outside opportunities".
Fosun becomes Ironshore's largest shareholder
Chinese conglomerate Fosun has bought 20% of international property and casualty insurer Ironshore for $464m (£277m).
Berkshire Hathaway hires two senior AIG execs in Asia push
Warren Buffett is targeting Asia to expand his insurance unit Berkshire Hathaway Specialty Insurance.
Motor and home premiums fall almost 7% in past year
The British Insurance Brokers’ Association has highlighted government and industry initiatives as a contributing factor behind a 6.8% reduction in the cost of motor and homes insurance in the past year.
Post Blog: Five reasons why Admiral and Insure the Box make good bed fellows
Earlier this week Postonline revealed Admiral was weighing up a bid for the UK’s leading telematics player Insure the Box.
Zurich aids return of valuable medieval jug two years after theft
A Fourteenth Century jug is back on display at Stockwood Discovery Centre in Luton after Zurich supported restoration work and enhanced security protocols following the theft of the medieval artefact two years ago.
More pain predicted for motor market as regulation rears its head
Listed insurers Esure, Admiral and Direct Line Group are expected to fare better than most as the motor market enters the toughest part of the underwriting cycle, according to a note published by Berenberg.
BP Marsh acquires 5% stake in Nexus Underwriting for £1.55m
Niche capital venture provider BP Marsh & Partners has snapped up a 5% shareholding in managing general agent Nexus Underwriting Management for £1.55m.
China's State Council encourages insurance reforms
China's State Council is attempting to help modernise the Chinese insurance industry so it has a greater role in society.
Fike leaves Cigna to head Zurich's Malaysia GI team
David Fike, former CEO and general manager in Turkey of a Cigna joint venture with Finansbank, has become president of Zurich's Malaysia general insurance team.
Catlin moves McMellin from US to lead London underwriting hub
Catlin US underwriting hub chief executive Andrew McMellin is to return to the UK to take on the same role for the insurer's London division.
Insurers behind banks on mobile offerings
Insurers continue to lag behind their banking counterparts when it comes to mobile websites and apps, according to research from CP consulting.
C-Suite: Insure Asia to secure future growth
With Asia becoming more of a key player on the global financial stage, Ageas CEO Bart de Smet asks how insurers can make the most of the opportunities
Aviva partners with Intana on travel claims services
Aviva has partnered with Collinson Group's claims division Intana for travel claims and assistance services.
Men and women equally safe drivers say 49%
Just under half of Britons view male and female drivers as equally safe according to a survey from Sheila’s Wheels.
Aviva recruits from Progressive for global analytics boss
Aviva has recruited Progressive’s vice president of big data to helm its own analytics operations.
The risks of China's health premium potential
The Chinese health insurance market is growing strongly as consumers turn to the private sector to fill in the gaps left by inadequate government schemes. Nicky Burridge investigates the barriers of entry for foreign insurers.
Brit IPO cost in line with expectations, claims Cloutier
Brit group chief executive Mark Cloutier has conceded he was not happy with the £14m cost of launching the firm's initial public offering, despite the figure being in line with expectations.
Insurance business crucial to future growth at the AA, claims Connor
AA Insurance Services managing director Janet Connor believes her recent appointment serves to highlight the growing emphasis the AA places on insurance.
Blog: Telematics update
How does the UK telematics market compare with markets in other parts of the globe? Sarah Wenham explains