News
Zurich Middle East appoints new head of middle market
General insurer Zurich has appointed Hayden Seach as head of segment for Middle Market & Corporate, Middle East.
Groupama sale has had "a lot of interest"
Speaking following the publication of Groupama's results for the year end 2011, UK chief executive Francois-Xavier Boisseau admitted that the situation in commercial fleet is "beyond bearable".
Quindell to announce 'game-changing' outsourcing contracts with major insurers
Quindell Portfolio boss Rob Terry says the firm will announce "game-changing multi-disciplinary motor claims outsourcing contracts" with major insurers this year as well as three more company buys in claims services including rehab and legal.
JLT warns against buying cheap nuclear build insurance
Speaking at the European Nuclear Forum in Brussels today, JLT's Global Nuclear Practice Group warned consumers of the risk of buying nuclear new build insurance cheaply and ultimately paying for insurance twice.
FSA looks into mis-sold pet insurance complaints
The Financial Services Authority is to review the potential mis-selling of pet insurance following complaints from pet owners about Direct Line Group's insurer NIG, Lloyds and Halifax.
Ex-Kiln Bermuda CEO Haynes handed non-exec role at Tysers
Lloyd's broker Tysers has today announced the appointment of finance expert Peter Haynes as a non-executive director.
VRS Vericlaim shuffles directors
Loss adjuster VRS Vericlaim has appointed two new regional directors to free up Peter Chart, pictured, and Damian Glynn to focus on claims and service to clients.
Oxford and Collegiate agree two-year PI deal
Oxford Insurance Brokers has teamed up with Collegiate Underwriting to launch a two-year professional indemnity insurance deal.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Chinese trade group releases draft motor reforms
The Chinese Insurance Association has released a series of draft amendments to the country's motor market for public consultation.
UK General targets schemes growth following senior appointments
UK General has this morning revealed the double appointment of ex-Ecclesiastical schemes director Tony Bloomer and Simon Tate as chief operating officer in the non-commercial schemes and affinities unit.
Axa index records consumer concerns over cost of motor cover
Axa personal lines boss Nick Turner believes last month's motor claims summit hosted by the Prime Minister has sparked "public consciousness" regarding the cost of cover and the perceived compensation culture.
Hong Kong insurance premiums grow 9% to $225.8bn
Hong Kong's insurance industry grew 9% in 2011, with total gross premiums reaching $225.8bn, according to the region's Office of the Commissioner of Insurance.
Iranian oil: sovereign cover requested by Indian shipowners
One of India's largest shipping companies, SCI, has requested sovereign guarantee from the government to domestic shipliners for transport of crude oil from Iran.
Hong Kong GI business grows 10%
Hong Kong's Office of the Commissioner of Insurance has revealed that total gross premiums of the Hong Kong general insurance industry in 2011 grew 10.7% to $34.7bn with net premiums up 8.5% to $23.8bn compared with 2010.
Allianz names Mallaby for special claims
Allianz has appointed Sarah Mallaby, pictured, to its Claims division as casualty and motor manager.
QBE finds firms expect two-year recovery
A pre-budget survey by commercial lines insurer QBE has found that 77% of UK businesses expect it to be two years or more before the UK sees a full economic recovery – with half (49%) not expecting a turnaround for three years or more.
Quindell's 2011 £4.1m profit beats market
Quindell Portfolio has announced results for the 15 months ended 31 December 2011 that it claims are "significantly ahead of market expectations".
Guernsey and Malta sign double tax agreement
Guernsey has signed a comprehensive Double Taxation Agreement with Malta, the third tax agreement for the captive favourite, after deals with the UK and Jersey.
Risk management poll
Is risk management more about measuring than understanding risk?
Cunningham Lindsey staff told investors seeking buyer for loss adjuster
Global claims management group Cunningham Lindsey has told staff that its investors are looking to find a new owner for the business, Postonline understands.
CEO of UK regulator to step down in June
Hector Sants, chief executive of the UK Financial Services Authority, has announced his intention to leave the organisation at the end of June 2012.
Far East 'cold spots' and nat-cats lead Canopius to report first loss
A string of natural catastrophe losses in 2011 drove Canopius Group to the first loss in the company's eight-year history.
Solvency II lobbying has "clearly paid off"
PwC has commented on the proposed last minute deal struck by Parliament to not drop the matching premium ahead of Wednesday's Solvency II Economics and Monetary Affairs Committee vote.
