Insurer
Second phase of Aviva 'diet' to target cash generation
The second phase of the Aviva restructuring process will put the 'slimmed down' insurer on a fitness regime with a view to generating more cash, according to analysis carried out by Investec.
China solar exports insurance payouts surge in 2012
Chinese solar exporters were hit in 2012 by tariffs, poor economic conditions and fair trade investigations leading to a 161% surge in short-term insurance payouts, a total of $150m.
Singapore edges closer to contract certainty
The Contract Certainty Working Group met this week to discuss guidelines for the Singapore Reinsurance Market Contract Certainty initiative.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Aviva names underwriting effectiveness director
Aviva has appointed Nick Hankin as underwriting effectiveness director.
Two executive level hires for Axa
Axa Insurance has announced two new senior executive level appointments.
Identity cards compulsory for Singapore agents
Insurance agents in Singapore must carry a special identity card before they can conduct business, to help customers identify authorised and registered insurance agents.
CV Starr underwriter joins Argo International
Argo International has appointed James Cassidy as an underwriter in its general liability team.
Argo adds to underwriting team
Argo International has appointed James Cassidy as an underwriter to its general liability team.
Low carbon energy could dominate by 2050, says Swiss Re
Low carbon energy could supply 92% of global power by 2050, with Swiss Re playing a key role.
QBE downplays 700 Australia job cut fears
QBE said that the firm will reorganise through natural staff turnover and redeployment in a bid to cut $200m in costs.
Hyperion reports revenues up 42%
Hyperion has seen total group revenues soar 42% for the year ending 30 September 2012, reaching £111m, from last year’s equivalent of £78m, but organic growth has slowed.
Hyperion expects key Dual hire after Colosso joins Howden
Hyperion bosses are hoping to follow up the imminent arrival of Adrian Colosso as non-executive chairman of the group's Howden broking subsidiary with a similar appointment at Dual.
Renewable energies present opportunities worldwide
UK insurers risk missing out on the big economic opportunities of renewable energy, according to Steve Kingshott, RSA's global director of construction, engineering and renewable energy.
CBI: Insurer business volumes grow as brokers report steep fall in business
General insurers have seen "robust growth" in business volumes over the past three months, in contrast to insurance brokers, which have reported a "steep fall in business".
AA launches 'try before you buy' telematics app
The AA has launched an app that enables motorists to see how their driving behaviour would score before committing to the insurer's telematics policy.
XL appoints new UK general manager
XL Group has appointed Marcus Gonzales as general manager of the UK branch and head of international casualty in London.
ProSight recruits former Guy Carpenter UK boss as chairman
Former Guy Carpenter UK managing director Mark Hewett has been named chairman of ProSight Specialty Underwriters with immediate effect.
Insurers must back renewable energy, says Swiss Re
The insurance industry can provide key support to the development of renewable energy solutions and the mitigation of climate change, according to Swiss Re.
Groupama extends range of small fleet product
Groupama Insurances has extended the range of its Optima Small Fleet product, making it available for well-managed small fleets of up to 25 vehicles.
Energy changes offer opportunities for insurers
The changing energy landscape will provide new growth opportunities for insurers, according to Swiss Re's latest report.
Thailand law firm hires senior AIG litigator
Tilleke & Gibbins, a law firm based in Thailand and Vietnam, has appointed Aaron Le Marquer from AIG as a consultant in its Bangkok office.
Youngest female motorists hit with 50% premium rise, claims report
Female drivers aged 17 and 18 have seen motor insurance premiums rise by up to 50% since the EU Gender Directive was introduced last month, according to figures uncovered by Uswitch.