Insurer
Geddes: DLG in great shape and ready to float
Direct Line Group chief executive Paul Geddes has told Post that the business is now “in great shape and ready to go to the market” while setting out targets to improve profitability by 2014.
Former Prudential director joins Direct Line
Priscilla Vacassin has been appointed as a non-executive director of Direct Line Group.
DLG confirms intention to float
Direct Line Group has issued a statement confirming its intention to proceed with an initial public offering.
UK exporters could bask in Indian summer, says Coface
The business climate in India offers encouragement for UK companies wanting to take advantage of the country’s thriving technology and services markets, according to a report by credit insurer Coface.
State-owned Singapore firm boosts stake in China Pacific
The Government of Singapore Investment Corporation will increase its stake in China Pacific Insurance Company, according to an announcement on the Hong Kong stock exchange website.
Davies raids Merlin Claims
Davies Group has appointed two former Merlin Claims employees as business development managers.
Elite wins Northampton Saints sponsorship deal
Legal expenses insurance provider Elite has won a three-year sponsorship deal with Northampton Saints to become a long-term sponsor of the premiership Rugby Club.
The impact of European downgrades
This year has seen an increasing number of downgrades by ratings agencies for European insurers. Anne-Louise Fogtmann investigates how seriously these are taken and their impact on insurers.
Europe View from the top: Putting customer experience on the agenda
Interactions between insurers and their customers are far more transparent than they used to be, says Mike Holliday-Williams.
Insurers fear rise in multinational and export risk
Over half of European companies believe that doing international business has become more risky over the past five years, and 95% feel their own company has become more concerned about multinational and export risk over the period, research published…
Asia View from the Top: Getting flood modelling right
The Intergovernmental Panel on Climate Change reported in 2007 that especially heavily populated mega-delta regions in south, east and south-east Asia will be at greatest risk owing to increased flooding from the sea and, in some mega-deltas, flooding…
UIB wins European solar deal as part of bid to double property porfolio
International reinsurance broker UIB has been appointed to provide reinsurance for the Activ Solar GmbH Solar Park in southern Ukraine.
International business fears rising, says Ace
Over half of European companies believe that doing international business has become more risky over the past five years.
IFED head blames rise in insurance fraud on "greed" not recession
The senior policeman who runs the Insurance Fraud Enforcement Department believes that "greed" rather than the economic downturn is the main contributory factor to a rise in insurance fraud.
UIB wins reinsurance contract for Europe's 'largest solar park'
International reinsurance broker UIB has secured a deal to provide reinsurance for the Activ Solar GmbH Solar Park in southern Ukraine.
Quinn Insurance administrators could take legal action against directors
Quinn Insurance administrators could take legal action against the company's former directors for alleged reckless trading.
Insurers finalising Solvency II preparations despite delays
Delays to the Solvency II framework have not dampened insurer appetite for Solvency II products, according to Interactive Data.
Charles Taylor adjuster joins Axis in Mexico
Axis International Loss Adjusters and Surveyors has continued to expand its ex-pat team in Mexico by appointing Dax Stuart-Cox, pictured, as senior insurance and reinsurance loss adjuster.
Aspen recruits former Hiscox head
Aspen Risk Management has appointed Lee Chelton, pictured, as head of regional professional indemnity.
Talanx scraps IPO
Talanx AG is cancelling its initial public offering after investor's valuations of the company "deviated significantly" from the valuation given by banks managing the IPO.
Talanx pulls out of IPO
German insurer Talanx AG is to cancel its initial public offering after investor feedback on the company's valuation "deviated significantly" from analyst estimates.
Fraudulent claims reach £19m every week, says ABI
More than 2,500 fraudulent claims are discovered by insurers every week, according to a report published today by the Association of British Insurers.
ABI launches Insurance Fraud Register
The Insurance Fraud Register launched today after two years of trials and talks between the Association of British Insurers, its members and the Information Commissioner.