Insurer
Ex-BGL director joins Towergate
Towergate Insurance has appointed Derek Henry as group carrier relationship director.
PICC plans 5.8bn yuan rights offer to boost capital
Chinese insurer PICC Property & Casualty has signaled its intention to raise 5.8bn yuan ($944m) in a rights offer in China and Hong Kong.
Tornado slams Oklahoma suburbs
A devastating tornado has killed more than 50 people after tearing through suburbs of Oklahoma City.
Aspen recruits Ecclesiastical planning director for regional leadership
Aspen Risk Management has swooped to recruit Ecclesiastical’s planning and change director Paul Lee to head up its business in the North of England.
Culture rather than strategy to blame for business failings, IRM Forum told
Risk professionals have been warned that the culture within an organisation is more important to business success than a strategic focus.
Ex-army captain hired to write war, terrorism and political violence at XL
XL Group has appointed Daniel O’Connell to underwrite war, terrorism and political violence within the firm’s new crisis management team.
Axis Capital sees S&P A+ affirmed
Bermudian insurer Axis Capital has been backed by Standard & Poors, seeing its ratings affirmed.
China's watchdog encourages PE firms to invest in insurers
China’s insurance watchdog will permit limited partnership equity investment enterprises to invest in the countries insurers, in a bid to increase the flow of private funds into the insurance industry.
Apil: Seriously injured people risk being short-changed in government plans
Severely injured people could face having their damages cut further under government proposals, the Association of Personal Injury Lawyers has claimed.
Allianz CEO Torrance calls for action on liability rates
Insurers’ liability books need to show profits if firms are to make a reasonable return on capital, Andrew Torrance, Allianz’s chief executive, said.
RSA on the hook for Genoa ship loss
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
The Scottish currency question
One of the key questions in Scotland’s independence debate at the moment is which currency Scotland would use in the event of a ‘yes’ vote on 18 September 2014.
FCA viewed as re-brand exercise by brokers surveyed by UKGI
The Financial Conduct Authority is seen as little more than a re-branding exercise, as opposed to a change in regulatory focus, according to brokers surveyed by compliance consultancy UKGI.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Axa leads the way in Brokerbility satisfaction survey
Axa has been rated the highest performing firm among Brokerbility’s seven key insurer partners in the collective broking organisation’s bi-annual satisfaction survey.
Allianz unveil improved COR for 2013 Q1
Allianz UK has reported that gross written premium in the first quarter of 2013 was up by 7% at £506.6m over same period in 2012 (Q1 2012: £473.6m).
Clements Worldwide launches web-based marketplace for UNFCU members
Solutions provider Clements Worldwide has launched a web-based marketplace designed to deliver insurance protection to all of United Nations Federal Credit Union’s 100 000 members around the world.
Insurers slammed in Irish data protection report
The prosecution of three large insurers for breaking data protection laws feature highly in the 2012 annual report by Irish Data Protection Commissioner, the Irish Independent reported.
Uninsured driver sees rare Lamborghini seized in Richmond
The driver of a rare Lamborghini has seen his high performance vehicle seized after the motorist was found to have no insurance having been caught speeding by police.
Scottish Water pipeline put in doubt after liability agreement failure
Scottish Water has come in for criticism after its failure to secure a standard liability agreement resulted in work on a £2.65m pipeline being abandoned.
Volkswagen signs deal with UK General
Volkswagen Financial Services has signed a deal with UK General Insurance that aims to give VW Group customers free access to approved repairers in the event of an accident.
Miliband urges industry to stick with Europe
Europe will deliver a competitive advantage for businesses, former foreign minister David Miliband has claimed.