Insurer
US drought to create $20bn crop insurance losses
Catastrophe modelling firm Air Worldwide has estimated that the US drought could leave the insurance industry with a $20bn bill for the losses America's crop farmners have sustained.
Kwik Fit helps staff find new roles ahead of Glasgow consolidation
Kwik Fit Financial Services will press ahead with consolidating its insurance business in Glasgow, after revealing that the majority of the 170 employees affected by the closure of its Birmingham office have secured new positions.
Venezuelan oil refinery blast kills 48 people
An oil refinery in Venezuela went up in flames after three tanks exploded on Saturday morning.
Join Allianz, Groupama and Miller in 2012 insurance football tourament
The Prince's Trust is today calling on insurance companies to help tackle youth unemployment by taking part in the charity's annual fundraising football tournament.
Cat bonds and sidecars favoured over traditional reinsurance, Fitch finds
Fitch Ratings has revealed that capital market alternatives to reinsurance from sources such as catastrophe bonds, collateralised quota-share reinsurance vehicles, and other risk transfer structures represent an increasingly viable alternative to…
Italian motor and property markets offer opportunities, according to new report
Italy stands at the crossroads of economic and social change, and therefore offers interesting opportunities for the insurance industry.
Direct Line flotation is imminent
Direct Line Group's initial public offering could launch in a "matter of weeks".
One Answer doubles office space to train staff and apprentices
One Answer Insurance has hired three apprentices while doubling its East Sussex office space for staff training.
Global expansion key to Lloyd's competitiveness
The Lloyd's market needs to expand its global reach to remain competitive in the future, according to a new report by Guy Carpenter.
Lockton hires Mike Tyler to head new UK employee benefits division
Lockton has unveiled plans to enter the UK employee benefits market with a series of new products and services, by 1 January 2013.
Avantia rebrands non-standard home product
Online non-standard home insurance provider Avantia has revamped its Home Protect product in a bid to effectively communicate the benefits of immediate online cover to people, no matter their circumstances.
Zurich study investigates security breaches
Zurich has joined forces with the Federation of European Risk Management Associations and Harvard Business Review Analytic Services to launch a study into security and privacy risk.
New Swiss Re office targets large corporates in the Benelux region
Swiss Re Corporate Solutions has bolstered its presence in the Benelux countries with the opening of an office in Amstelveen in the Netherlands.
Laing & Buisson report published
Laing & Buisson has published its latest report into the UK health and care markets.
Aviva action group calls for directors to resign
A group of Aviva policyholder activists and shareholders have called for four more directors to step down from the board just months after Andrew Moss, pictured, was forced to resign as chief executive.
Mild Q1 weather blamed for RIIG loss
Resources in Insurance Group has blamed unusually mild weather conditions in the first quarter of the year for a loss of £696 581 in the first six months of this year.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
DLG revamps claims management system
Direct Line Group has taken another step towards revamping its claims business by launching the next phase in its end-to-end claims management system.
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
Lorega chairman Harvey sails off into the sunset after 25 years
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Marsh issues solicitors' PI cover warning
Marsh has urged law firms to carefully consider their length of professional indemnity policies during the October renewal with a future influx of market entrants likely to drive down rates.
MMA poaches motor specialist from QBE
MMA Insurance has appointed Gary Clayton as senior motor trade underwriter with a remit for the South of the UK.