Insurer
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
Axa to offer settlement on Accident Exchange disputes
Axa is to make a third attempt to end all of its credit hire rate disputes with Accident Exchange through a global settlement, Post can reveal.
90% of insurance staff proud to work in the sector
Research by recruitment firm Randstad has revealed that 90% of insurance professionals are proud to work in the industry.
Ecclesiastical to focus on investment growth
Ecclesiastical is set to grow its investment arm on the back of its improved half year results.
Europe: Too big to fail?
The recent release of the Financial Stability Board's GSII list has led to complaints that insurers are not being differentiated from banks. Francesca Nyman explains.
Carole Nash turnover improves despite shrinking market
Turnover at motorcycle broker Carole Nash improved by nearly 5% in 2012 while the company’s profit dropped by £400 000.
Allianz Global Corporate & Specialty makes key appointment in Hong Kong
Allianz Global Corporate & Specialty Hong Kong has appointed Jack Jenner its new head of market management.
China's central bank to lead regulation meetings
The governor of People's Bank of China Zhou Xiaochuan is set to chair a regulatory committee made up of the regulators for banks, securities firms, insurance and the foreign exchange.
Ecclesiastical records sub-100% COR despite GWP reduction
Ecclesiastical has achieved a 95.6% UK combined operating ratio for the first half of the year(H1 2012: 109.9%).
N&G cover wins British Rowing endorsement
Rowing cover provided by Navigators and General through Elite Rowing Insurance has been backed by the governing body for the sport of rowing, allowing the insurer to offer cover to British Rowing’s 550 clubs.
Marsh networks boss looking north for new members
Marsh’s networks leader Martyn Denney has vowed to boost membership in the north of England and in Scotland.
Health Shield launches consumer cash plan
Health Shield has launched Connect, a direct health cash plan targeting individuals across the UK.
Ex-Aviva PI team members launch MGA
Members of the former Aviva SME professional indemnity underwriting team today launched Pinpoint Underwriting, an MGA specialising in PI for small to medium sized businesses.
Prisoners paid to gather insurance details
Prisoners are being paid to gather insurance details and other other personal details as part of market research for insurance companies, the BBC has reported.
Ascent launches SME general liability extension
Managing general agent Ascent Underwriting, which specialises in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business clients.
Plumeri joins investment firm KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
SGI Law acquires Challinors’ PI portfolio
Liverpool-based SGI Legal has acquired the personal injury caseload of Midlands-based firm Challinors.
Three men plead guilty to ‘crash for cash’ £150k fraud
Three friends from Liverpool have admitted deliberately causing a crash between a coach and a car on a Manchester motorway in a bid to make a fraudulent claim for personal injuries.
View from the Top: The growing foreign appetite for China
Foreign insurers are looking to capitalise on M&A opportunities in China and access the motor insurance market. This follows the removal of restrictions to write compulsory third party liability insurance. The motor insurance segment comprises over 70%…
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
CII launches equality strategy
The Chartered Insurance Institute board has approved a new equality strategy as part of its commitment to creating a diversity-aware and inclusive professional body for people working in financial services.
Dual appoints AIG's Crowe senior financial institutions underwriter
Dual, the underwriting arm of Hyperion Insurance Group, has appointed Damian Crowe as a senior underwriter.
Brit developing 'tactics' to counter Aon/Berkshire Hathaway type deals
Brit Insurance chief executive Mark Cloutier claims his firm has a “defensive strategy” in place to counter the impact of an increase in high-profile broker line slips.
RSA extends outsourcing agreement wih Accenture
RSA has signed an extension with Accenture for its application outsourcing agreement for another five years to the end of 2020.