Insurer
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Motor start-up Purely Insurance scrapped after capacity walks away
A new motor underwriting start-up, fronted by a duo of former HSBC Insurance UK executives, has been scrapped, Postonline can reveal.
Middle East Blog: David vs Goliath
On 24 August AM Best changed Oman Insurance Co's 'A' (Excellent) rating from negative to stable and evoked a personal, positive sentiment.
Ace expands its surety practice into continental Europe
Ace Group has appointed Luc Reuter as senior vice president and head of surety, Europe as the firm expands its international surety capabilities into its continental Europe region.
Italian motor policies five times those of European average
Third-party car insurance policies in Italy are five times more expensive than the European average.
German police recruit sniffer dogs to tackle arson claims
German police have recruited specially trained sniffer dogs that can track down chemicals used to deliberately start fires after a massive rise in insurance claims.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
Italy misses opportunity to open PI market with compulsory legislation delay
Italy has postponed the introduction of compulsory professional indemnity for professional bodies just days before implementation was due.
Arag recruits broker account handler
Arag has appointed Chris French as broker account handler.
Ace to open Aberdeen office
Ace Group is to open an office in Aberdeen before the end of 2012.
Ageas mobilises anti-fraud database for motor book
Ageas has signed up to an anti-fraud database for underwriting and claims management in its motor book.
Uniqa posts earnings up 43.2%
The Uniqa Group has posted first-half earnings before tax up 43.2% to €106.5m (2011: €74.4m).
Fire and escape of water are most common commercial property claims
Water escaping from burst pipes or leaking taps is the most common commercial property claim, according to research by damage restoration business ServiceMaster Clean.
ANV Syndicate 1891 launches accident and health division
ANV Holdings' newly acquired Syndicate 1861 has opened an accident and health business just eight days since acquiring the Lloyd's business from Flagstone Re.
Hong Kong tops IPMI inflation at 12.7%
International private medical insurance premiums are rising at an average rate of 10.8% annually, according to a new report.
Zurich launches major UAE marketing campaign to raise GI profile
Zurich has launched a major new marketing campaign to support its suite of personal insurance products in the United Arab Emirates.
Knock-on effect of referral fee ban not an issue for Admiral CEO
Admiral chief executive Henry Engelhardt has brushed aside fears that future legislative changes relating to the ban on referral fees could take its toll on his firm's UK balance sheet.
Post Claims Club chair's monthly missive: Talk Sport PI ads and treehouses
Last week I enjoyed a pleasant staycation in East Sussex, sleeping in an eco-treehouse on a farm near Mayfield, visiting sights and restaurants recommended by local industry types.
TMNF has superior rating as key earning source for Tokio Marine
Tokio Marine and Nichido Fire (Japan) has had its financial strength rating affirmed at A++ (Superior) and issuer credit rating at aa+.
Helvetia increases shareholding in Nationale Suisse
The Helvetia Group has given notice to the Swiss Stock Exchange that Helvetia Beteiligungen AG has taken over a share package from Basler Kantonalbank in the Swiss National Insurance Company (Nationale Suisse) amounting to 7.69%.
Crawford boosts call centre services in Asia
Crawford & Company has entered into a joint venture with Call Centre Services to provide 24-hour access to an expanded call centre in a bid to respond to client needs in Asia-Pacific.
Collinson to acquire One Group
Collinson Insurance Group has agreed to acquire The One Group, pending a 30-day due diligence review.
Admiral to slow UK growth despite 9% rise in profit
Admiral's pre-tax profit rose to £171.8m in the first half of 2012 (H1 2011: £160.6m) having increased the number of vehicles insured by 11%, or 350 000, to 3.5 million.
'Phantom fraudsters' receive suspended sentences after IFED investigation
Two men who submitted bogus claims for whiplash to First Central Insurance following a road traffic collision in which they were not even involved have been handed suspended prison sentences.