Insurer
AGCS expands board and adds mid-corporate business line
Allianz Global Corporate & Specialty SE has expanded its board of management and added a new business line for mid-tier companies.
Product diversification and foreign expansion 'major growth opportunities' for HK SMEs
Product diversification and foreign market expansion are major growth opportunities for SMEs in Hong Kong.
Ace targets multinationals in Singapore
Ace has launched Ace Global Guard in Singapore to meet the needs of companies with overseas subsidiaries or assets.
Amlin increases stake in LCP to 75%
Amlin has agreed to increase its stake in Leadenhall Capital Partners, the reinsurance-linked securities investment manager which it established with the individual partners of LCP in 2008.
China encourages insurers to invest overseas
A senior representative of the China Insurance Regulatory Commission has urged insurers to increase their exposure to overseas assets.
Regulatory upheaval in the Philippines
Nicky Burridge finds out how the most significant regulatory changes in a generation are affecting the Philippines insurance market.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
Polish insurance market faces 'moderate' risk, says S&P
Poland's general insurance industry is benefiting from the country's "strong and competitive economy and good growth prospects", according to Standard & Poor's.
AIG deal with Cobalt a 'statement' for London to be a global centre of Islamic finance
AIG has made 'clear statement' on behalf of the London insurance market that it is keen to make London a leading global centre for Islamic finance, according to Cobalt Underwriting CEO Richard Bishop.
More than 80% of school leavers and graduates would not consider insurance as a career
Only 18% of UK sixth form and university students said they would consider insurance as a future career according to research by the Chartered Insurance Institute.
Tesco Bank partners with Axa Assistance on home cover
Tesco Bank has completed a deal with Axa Assistance that will see the insurer serve as home emergency cover provider.
Home insurance profitability to end in 2015 says EY
The UK’s home insurance market is set to end a long run of profitability, according to figures from EY.
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Northern Ireland firm's contact centre creates 49 jobs
Northern Ireland business Lakeland Trading Solutions has set up a contact centre in Enniskillen creating 49 jobs over the next three years.
Didcot power station loss 'preventable' says FM Global
The majority of the loss emanating from the fire at Didcot B Power Station over the weekend was preventable with better risk management, according to FM Global.
IFB strategic plan could take 'beyond five years' to implement
Insurers are unlikely to reap the benefits of a centralised fraud data hub in the near future, with the Insurance Fraud Bureau's expansion plan expected to take more than five years to implement.
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.
Post magazine – 23 October 2014
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Axa launches new online PI facility for SMEs
Axa extends its growth into professional indemnity market with new online product launch
Ecclesiastical appoints Brown to new church and heritage role
Heritage specialist Ecclesiastical has appointed Andrew Brown into a newly created role of church and heritage claims director.
Quindell sees share price rise 15.6% after 'major' Canadian deal
Business outsourcing firm Quindell has seen its share price rise 15.6% on the back of a new five-year deal with a ‘major Canadian insurer’.
Canopius appoints engineering underwriter in Singapore
Specialty (re)insurer Canopius has recruited SART Underwriting's Ching Hong Onn following the extension of Lloyd's Construction Consortium to Singapore.
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Mutual insurers welcome potential funding and M&A boost from new Bill
Bill could mean mutuals get level playing field with shareholder-based insurers