Insurer
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…
Whitepaper: SMEs & Risk in 2020 - Business & risk implications of a shifting landscape
Today our world is changing faster than ever. In particular, this rings true for the SME sector and small business risk. New technologies, demographic shifts and globalisation will have a profound impact on the future of UK small businesses.
Gable boosts insurance profit by 5% as COR experiences minor slide
Gable Holdings chalked up a 5% increase in its insurance profit in the first half of the year, although the firm’s combined operating ratio deteriorated by an identical proportion to 56%.
Defra outlines draft flood insurance clauses
The Department for Environment, Food and Rural Affairs has opened a consultation into the draft flood insurance clauses of the Water Bill.
Garry Fearn to step down from Covéa
Garry Fearn is to step down as Covéa Insurance executive deputy chairman from 15 September.
Insurers warned to take strategic approach to modernisation
Replacing legacy software systems is vital to better serve clients and can provide a competitive advantages but it is vital firms take a strategic approach, Michael Graham, sales and marketing director at Sequel, has warned.
Charles Taylor snaps up business solutions provider Knowledge Center
Charles Taylor is seeking a competitive advantage on technology products and processes after acquiring insurance industry business solutions provider Knowledge Center.
Brit expands global distribution network with Bermuda office opening
Brit is targeting an expansion of its distribution network with the opening of a Bermuda office.
Brit hires ex-Markel SVP Bonanno to head up Bermuda office
Brit is targeting an expansion of its distribution network with the opening of an office in Bermuda.
Ergo China Life targets Shandong
Ergo Insurance, owned by Munich Re, has formed a joint venture with the government to launch Ergo China Life in Shandong.
Fosun eyes state-owned Portuguese insurer
Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.
Allied World recruits Lloyd’s southern Europe boss
Allied World Europe has named Lloyd’s head of southern, eastern Europe and Africa to lead the expansion of its products and services.
Allied World recruits from Lloyd’s for business development boss
Allied World Europe has recruited Lloyd’s head of southern, Eastern Europe and Africa to lead the expansion of products and services.
CILA 2013: Insurers warned to take note of Green Deal changes
Changes to improve the energy efficiency of rental properties as part of the Green Deal could have serious implications for household insurance policies, according to Nick Young, partner at DAC Beachcroft.
Industry making progress on fraud
The insurance industry has made progress with fraud in the past two years but further improvements are still needed, a survey conducted by the Chartered Institute of Loss Adjusters has found.
Lloyd's boss warns flood of investment could undermine stability of market
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, according to Lloyd's chairman John Nelson.
UK heatwave sparks rise in fraudulent cancellation claims
The summer heatwave has been blamed for a rise in the number of fraudulent cancellation claims by travel insurance policyholders, according counter fraud services provider VFM Services.
Canopius H1 GWP spikes 54% after UK retail growth
Gross written premiums soared more than 50% year-on-year for the first half of 2013 at Canopius, with UK retail growth cited as key to the improvement.
Internal appointment for new Axa UK CFO
Axa Canada chief financial officer Bertrand Poupart-Lafarge has been named new CFO at Axa UK.
Guy Carpenter names PSG executive for France, Iberia and Italy
Guy Carpenter has announced Dorothée Mélis-Moutafis is to become managing director of the firm’s Property Solutions Group, taking specific responsibility for France, Iberia and Italy.
More women take the helm at mutual insurers
Despite insurance having a reputation for being run predominantly by men a study has shown in the cooperative and mutual insurance sector women are taking a much more significant role.
Insurance infographic: Under insurance in the major loss sector
In this infographic, Zurich Insurance explores the problem of underinsurance.
Regulatory changes cost the industry over €4bn in 2012
The top 40 European insurers are estimated to have collectively spent between €4.2bn and €4.9bn in 2012 complying with all new regulations, according to a report by Deloitte.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market? Katie Marriner finds out.