Insurer
Sompo agrees deal for Canopius
Japan’s NKSJ Holdings has agreed a deal to acquire 100% of the shares of Canopius Group via its insurance subsidiary Sompo Japan Insurance.
Indonesia to roll out world's largest healthcare scheme
The Indonesian government alongside state-owned insurers will roll out an ambitious healthcare scheme for over 100m people starting in January.
The rise of price comparison sites in South East Asia
Price comparison websites are gaining in popularity in South East Asia as consumers catch on to the benefits of shopping around for insurance writes Nicky Burridge.
Capita launches Lloyd's Singapore policy and cash management platform
Capita Insurance Services has launched the first market service for the Lloyd's community in Singapore which will help brokers and managing agents with their policy administration.
Chris Wood to retire from Chaucer aviation post
Peter Wakefield has been appointed Chaucer aviation division head following the retirement of Chris Wood.
Post magazine – 19/26 December 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
RSA’s A- S&P rating “seriously at risk”
RSA may be facing a further downgrade from rating agency Standard and Poor’s putting the insurer’s most significant operations outside the range of many of its business partners.
Biba welcomes CC recommendations on most-favoured nation clauses
The British Insurance Brokers’ Association has welcomed the Competition Commission's move to act on “anti-competitive” most-favoured nation clauses.
Penny Black's Insurance Week - 19/26 December 2013
Penny is always excited to hear about the latest technology, and was therefore intrigued by reports from Octo telematics that the firm had built its own crash simulator capable of tossing and turning brave volunteers to replicate dramatic car accidents.
KPMG: Competition Commission reforms superseded by price battles
A combination of technological change and competitive market forces will likely exert greater pressure on the cost of motor insurance than reforms proposed today by the Competition Commission, according to KPMG.
Career File - Richard Ward: Departing Lloyd's CEO named Brit chairman
Lloyd's chief executive Richard Ward will become Brit Insurance Holdings chairman once he steps down from his current role at the end of the year.
Market Moves: Firms hopeful new hires will be Christmas crackers as recruitment enters festive frenzy
The insurance industry has sought to get its Christmas shopping done early, bringing home a number of presents for clients this week. Aviva tied a ribbon around Fraser Edmond, who replaces Sam Hudson as broker performance director, Zurich unwrapped Tim…
Mobile phone cover complaints down 20%: Ombudsman
Complaints on mobile phone cover have dropped by a fifth for the year to date according to the Financial Ombudsman Service, which has paid tribute to willingness from insurers to collaborate on complaints.
Novae plays down speculation of imminent Antares deal
Novae has attempted to pour cold water on speculation linking the firm with a bid for fellow Lloyd’s player Antares by stating that “there is no certainty” of a deal taking place.
ABI boss claims CC findings on motor repairs contain 'fundamental flaws'
The Competition Commission’s findings on vehicle repair is at odds with insurers’ own complaints data, the Association of British Insurers has claimed.
DVLA cuts insurance checks on tax renewals
Motorists will no longer need motor insurance policies to be checked when getting their vehicle tax after changes by the Driver and Vehicle Licensing Agency.
Credit Hire Organisation slams CC motor proposals
The Credit Hire Organisation has criticised the Competition Commission’s motor proposals saying they would disadvantage non-fault drivers and reduce competition by favouring insurers.
S&P points to 'weak management' at RSA following downgrade
Standard & Poor’s has attributed a succession of profit warnings at RSA culminating in the resignation of chief executive Simon Lee for its decision to downgrade its ratings on the company and its core subsidiaries to 'A-' from 'A'.
Interview: Brent Escott: Change for the better
Brent Escott has seen it all, with his 20-year career covering most areas of the insurance industry. So did becoming CEO of under-fire Card Protection Plan faze him? Not a bit.
Credit hire process adds £150m to motor premiums says CC
Motor insurance premiums are being unnecessarily inflated by the complex chain for the settlement for non-fault claims, the Competition Commission has found after a yearlong review.
AIG sells aircraft leasing unit for $5.4bn
AIG has sold its aircraft leasing unit International Lease Finance Corp to Dutch leasing company AerCap for $5.4bn.
Ace makes two key appointments in Asia-Pacific
Ace has appointed Glen Browne to lead its accident and health business in Asia-Pacific and Edward Kopp as the country president of Korea, Ace American Fire and Marine Insurance.
Markerstudy puts 120 ex-Capita staff at risk of redundancy
Markerstudy has placed 120 staff it inherited following its takeover of five Capita businesses last month at risk of redundancy.
International: Europe boards the telematics train
European powerhouse Germany is the latest country to show an appetite for collecting driving data. But the global spread isn’t stopping there.