Insurer
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
England fans excluded from World Cup elimination insurance
Chinese insurer Ancheng Insurance is offering World Cup insurance for fans to compensate for the disappointment of being eliminated from the tournament.
Manchester City partners with Indonesian insurer
English Premiership football champions Manchester City are partnering with Indonesian insurer Jiwasraya.
Legal & General shuts Belfast office
Legal & General has confirmed the closure of its Belfast office with the claims and customer service work carried out at the branch moved to Birmingham and Ipswich.
Europe: Emerging markets supply chain risks
Increasing use of emerging markets as global suppliers could pose challenges for insurers
Wunelli targets US after striking deal with Chinese insurer
UK telematics provider Wunelli has signalled its intention to launch into the American and Chinese insurance markets following its takeover by US firm Lexis Nexis.
Biba welcomes ‘encouraging’ competition proposals
The British Insurance Brokers’ Association has issued its support to proposals from the Competition and Markets Authority to improve the UK’s dysfunctional motor market.
CHO hails competition probe backing for modified GTA
The Credit Hire Organisation has welcomed the Competition Market Authority’s proposals this morning as a validation for the general terms of agreement held between insurers and credit hire firms.
ABI heralds credit hire cap plans
The Association of British Insurers has welcomed plans to limit the cost of providing a replacement vehicle as an at-fault insurer as part of package of reforms unveiled the Competition and Markets Authority.
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.
RSA names Bergander permanent Scandinavia CEO
RSA has handed the permanent leadership of its Scandinavian unit to interim chief executive Patrick Bergander.
Competition watchdog calls for credit hire cap and 'wide' MFN ban
The Competition and Markets Authority has today revealed proposed changes for the UK’s private motor insurance market in a bid to increase competition and reduce costs for drivers.
China Life in talks to buy Canary Wharf property
China's largest life insurer China Life is in talks to buy a Canary Wharf property which law firm Clifford Chance uses as its headquarters.
MPs briefed on benefits of upgrading 'broken' fire alarm system
Pressure is growing on politicians on the issue of introducing a low cost upgrade to automated fire alarms in a bid to improve reliability from 5% to 80%.
Hanks bolsters NED portfolio with Open GI and Powerplace role
Former Allianz Commercial general manager Chris Hanks has added to his non-executive portfolio after agreeing to join the board as a NED of Open GI and Powerplace.
Post magazine – 12 June 2014
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DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
UK ranks 20th in global survey on supply chain resilience
The UK has been ranked 20th in FM Global's 2014 survey grading countries on their resilience to supply chain disruption.
Editor's comment: What's under the wrapping paper?
Surprises for the insurance industry usually come in the form of floods, fires and windstorms, so it must have been a welcome change for the sector this weekend when Justice Secretary Chris Grayling handed them a more pleasant gift by stepping up the…
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
AIG appoints Hancock as CEO
AIG has announced its head of property and casualty Peter Hancock will replace outgoing CEO Robert Benmosche.
UK businesses missing growth opportunities through data breach fears
Organisations are more concerned with defending their information against data breaches or legal action than they are with using it to drive competitive advantage and growth, according to a new report by information management company Iron Mountain and…