Insurer
Penny Black's Insurance Week - 12 September 2013
Penny was fascinated to see Scottish knitwear brand Lyle & Scott announce a bold new strategy for choosing its next CEO - Twitter.
Berliner exit leaves solicitors in the lurch
Solicitors seeking professional indemnity cover have been dealt another blow after German insurer Berliner warned it may be unable to take on any risks for the 1 October renewal.
Allianz Global Assistance secures AA- rating by S&P
Standard & Poor’s has given Allianz Global Assistance an AA- rating with a stable outlook.
Brightside dismisses Markerstudy offer
Brightside directors have said they see no need in proceeding with offer discussions with Markerstudy after the Gibraltar-based motor insurer reduced its offer by at least 5p per share.
CII publishes two ethical guides
The Chartered Insurance Institute yesterday launched two ethical guides with a third due to be published later this year.
Asia-Pacific region had average COR of 103% from 2008 to 2012
Aon Benfield research has found 32 of the top 50 insurance markets have a five year (2008-12) average combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
LeapFrog's second fund targets 'emerging consumers' in Africa and Asia
LeapFrog, an emerging markets fund manager, has so far raised $204m to invest in LeapFrog Fund II to focus on eight markets in Africa and Asia.
Sabre bought by private equity group
Private equity group BC Partners has acquired a controlling stake in Sabre Insurance.
Insurers braced for Isle of Sheppey crash claims
Insurers are expecting a steady influx of claims following the Isle of Sheppey crash last week, which involved more than 130 vehicles.
Insurance Technology Awards 2013: Five days to go until entry D-day
There are now just five days to go until entries close for the Insurance Technology Awards 2013.
Lancashire shareholders back Cathedral buy
A £266m acquisition of Cathedral Capital looks set to go ahead after shareholders of Lancashire Group voted overwhelmingly in favour of the deal.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Xchanging pilot boosts RSA capital efficiency 80%
RSA has seen its capital efficiency soar after entering into a pilot programme with Xchanging’s Netsett net settlement platform.
Allianz distances itself from blue-chip hacking scandal
Allianz UK has sought to distance itself from the so-called blue-chip hacking scandal after The Times named the insurer as one of the organisations on the list of firms who used rogue private investigators.
Ex-Axa director Hector to lead Covéa's southern operation
Covéa Insurance has appointed Keith Hector to the newly created position of head of regions for the south.
FCA warns against policy from unlicensed New Zealand insurer
The Financial Conduct Authority has found a home insurance policy from an unlicensed New Zealand insurer has been sold to UK consumers through an authorised general insurance intermediary.
Chen to chair Zurich's China business
Johnny Chen is to switch roles at Zurich from CEO of Asia-Pacific to chairman of Zurich's life and general insurance business in China.
AIG reviews legal panel
AIG is set to kick off a review of its external legal advisers across the Asia-Pacific region, as the insurance giant sizes up a potential merger of its corporate and claims panels.
Ping An increases stake in bank
Ping An has said it plans to raise its stake to almost 60% in Ping An Bank for a cost of 14.8bn yuan ($2.4bn).
Woods appointed co-chairman of GC's mutual company specialty practice
Guy Carpenter & Company has appointed that John “Jay” Woods as co-chairman of the recently formed mutual company specialty practice.
Soca refuses to publish list of firms who used rogue PIs
The Serious Organised Crime Agency has declined to comply with the Home Affairs Select Committee’s request to make public the list of 102 blue-chip firms that used rogue private investigators.
FCA reveals it has never used private investigators
The Financial Conduct Authority has revealed it has never used private investigators.
RSA launches broker trading site
RSA yesterday launched its first broker trading site in Redhill, designed to give its most valued brokers the flexibility of trading face-to-face for complex risks.
Whitepaper: Insurance fraud 2012 - On the rise, opportunistic and online
The UK insurance industry provides an important safety net for millions of UK households and businesses. When the worst happens, be it fire, theft, flooding or accident, it is the insurance industry that provides the financial lifeline to get families…