Insurer
CNA UK marine boss named joint cargo committee chair
CNA’s UK marine manager David Grant is to take the chairman’s seat in the joint cargo committee following two years as deputy chairman.
CII reports 30% rise in insurance apprentices
The Chartered Insurance Institute has reported a 30% increase in the number of new apprentices in the insurance and financial services sector studying the institute’s units and qualifications.
Gard launches line operators product
Gard has introduced a policy to cover on- or off-the-ship damage or loss of containers, which includes cover for containers’ share of General Average contribution.
Premiums in Thailand growing strongly
Thai insurance premiums grew strongly in 2012 and are expected to grow 16% in 2013 to 660bn baht ($22bn), suggesting a rude recovery in the market following the floods in 2011.
Lady Gaga sues syndicates over cancelled gig
Following a cancelled gig in Jakarta last year after threats from an Islamic group, the pop singer Lady Gaga's management team and concert organisers claim their insurers should pay out.
Nexus Group targeting $100m+ GWP for 2013
Specialist managing general agent Nexus Underwriting is planning to mark its fifth anniversary by becoming the largest MGA in the London market.
Groupama avoids false five-figure insurance claim
A man has been fined £10 000 at Ipswich Crown Court after making a false five-figure insurance claim for a restored Bentley he claimed was stolen.
Cega steps up CII training programme
Third-party claims management and assistance provider Cega is increasing its financial and practical support for candidates taking the Chartered Insurance Institute certificate in insurance.
Axa marketing director and ex-Swiftcover exec Tina Shortle resigns
Axa personal lines marketing director and former Swiftcover executive Tina Shortle has resigned from the company, Postonline can reveal.
Australian government advisers link hot summer to climate change
The Australian government's independent Climate Commission has linked a record hot summer to climate change.
Esure aims for £1.14bn market cap
Esure has set its indicative price range for its proposed float at set at 240p to 310p per share.
Aviva's rating affirmed by S&P
Standard & Poor's has confirmed that Aviva's ratings and outlook are unaffected by the company's after-tax loss of £3bn for 2012.
Hong Kong insurers to participate in 270bn yuan market
The China Securities Regulation Commission is to allow Hong Kong insurers and Hong Kong branches of Chinese insurers to invest yuan raised offshore in the mainland.
Zurich disappointed with fraudster sentence
Having successfully defended a criminal case against crash for cash fraudster Mark Smith, Zurich has said it is disappointed that the fraudster did not receive a custodial sentence.
Kilpatrick appointed global markets exec for Dual International
Dual, the underwriting arm of Hyperion Group, is entering the next phase of its restructure following a strategic review.
Zurich wins crash-for-cash conviction
The driver of a Porsche who has admitted deliberately causing a crash with a council van has secured the City of London Police's Insurance Fraud Enforcement Department its first crash-for-cash conviction.
Spencer warns tough broker action ahead
Aviva UK & Ireland general insurance chief executive Robin Spencer has warned it will have to take some “tough calls” on its broker relationships if the insurer is to reduce its commercial lines combined operating ratio to a sub-100% position in 2013.
Day joins Global Options advisory board
Global Options has appointed former Ace vice president Roger Day to its advisory board.
Zurich unveils Red Cross flood alliance
Zurich Insurance Group has formed a CHF 21m five-year alliance with the International Federation of Red Cross and Red Crescent Societies.
Spanish construction: Unfinished business
The Spanish construction industry is in the doldrums with many building projects incomplete. How is this impacting the insurance industry? Edmund Tirbutt explains.
Zurich announces Red Cross alliance in flood resilience programme
Zurich has announced a CHF21m deal with the International Federation of Red Cross and Red Crescent Societies that will see the pair work to improve disaster risk reduction efforts.
Russian Round-up: Motor woes
Why are Russian insurers angry about changes to motor insurance legislation? Paul Koshik explains.
Post magazine – 7 March 2013
In this week's Post, analysts have cast doubt on the Co-Operative Bank’s ability to offload its general insurance business. Sources have suggested any plans to sell its general insurance business could be challenging after a Financial Times report…
Aviva hit by £3bn post-tax loss
Aviva has announced a full year total loss of £3bn (2011: £60m profit), alongside a 44% cut in its final dividend.