News
Thailand flooding claims estimated at £1.4bn
Lloyd's has announced its estimated net claims from the flooding in Thailand last year will be $2.2bn (£1.4bn).
Ageas confirms it is suing Kwik-Fit
Ageas has confirmed it is to take legal action against Kwik-Fit.
Mapfre points to broker commitment with new appointment
Mapfre Abraxas has appointed Skye Khilji as key account manager in its finance and insurance division.
CII appoints Bluefin CEO
Stuart Reid, chief executive officer at Bluefin, has been appointed as chair of the Chartered Insurance Institute’s (CII) insurance broking faculty.
QBE enters cyber space
QBE has become the latest insurer to unveil a cyber-risks related product with its new Cyber Response policy designed for UK businesses with a turnover of up to £100m.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
Axa: Household claim fraud averages £607
Research by Axa has revealed that the number of people exaggerating a home insurance claim has jumped by 17% since last year, with an estimated 200,000 consumers adding an average of £607 to their claim.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Markerstudy gets ILM training status
Markerstudy’s talent development team has been granted Centre Status by the Institute of Leadership and Management (ILM).
XL reports $475m loss
XL has reported a net loss of $475m (£301.3m) for 2011 along with a combined operating ratio of 107.5% for property and casualty (P&C) business.
AA latest provider to dive into telematics
The AA has unveiled Drivesave, a telematics product designed to reward safe drivers with lower premiums.
New Direct Line logo revealed ahead of sale
RBSI has plumped for a new brand identity following its name change to Direct Line.
CFC to expand in management liability with Chubb hire
CFC has hired one of Chubb's London managers as a senior management liability underwriter.
Mapfre hits out at credit rating agencies
Mapfre's general manager, Esteban Tejera, has criticised ratings agencies for failing to take the company's financial figures into account when downgrading them.
Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.
Esure's Wood hands over CEO role
Esure has promoted Stuart Vann, its chief operating officer for the past two years, to the role of chief executive officer.
DAS returns to profit as it prepares for new legal landscape
The DAS UK Group has moved back into profit following a difficult 2010.
Profits slump at Catlin
Catlin Group has seen pre-tax profits for 2011 tumble to $71m (£44.8m) from $406m the year before, as its combined operating ratio punched through the 100 barrier to reach 102.6% (2010: 89.8%).
RSA CEO vows to simplify business
Adrian Brown, UK and Western Europe CEO at RSA, has announced plans to simplify the business in order to get closer to brokers and consumers.
Network announces membership target as it expands into commercial
Personal lines specialist,1 Answer Network, has predicted that it will have 100 members by 2013.
Acturis vows to revolutionise personal lines
Acturis is poised to make an attack upon the personal lines market with two key hires.
Thistle appoints new CEO
James Twining has been appointed chief executive officer of JLT-owned managing general agent (MGA) Thistle Insurance.
TomTom enters UK motor market with CCV broker
Dutch navigation systems maker TomTom has entered the motor insurance market in a deal with CCV-owned Motaquote.
Former Dual D&O underwriter lands at Lloyd's syndicate
Lloyd’s Channel Syndicate (2015) has appointed former Dual and Chubb underwriter, Kevin Cleary, as a D&O class underwriter.