Kwik Fit News
AXA has announced that its Malaysian subsidiary, AXA Affin General Insurance Berhad, has received approval from Bank Negara Malaysia (the country’s central bank), to acquire 80% of BH Insurance Berhad. AXA general insurance chief executive officer, Jan van den Berg, describes the move as “important for the long-term growth of AXA in Malaysia”...
Bluefin Insurance Services has confirmed ambitious acquisition plans spanning the next three years. The AXA-owned broker already has over 50 branches, having acquired Lakeland Insurance Brokers and Lakeland Insurance Advisers in 2009. The firm currently has six acquisitions in the pipeline and looking ahead, believes the current economic climate “is...
International general insurance and reinsurance group Brit Insurance has announced the appointment of Bill Jackson as senior VP of Property Direct and Facultative for its US operations. He brings with him over three decades of re/insurance experience, and extensive knowledge of underwriting, management and marketing. He joins Brit from Burt and Scheld,...
Daniel Dunkley Postonline Preston-based broker Fulwood Insurance Services has signed up to Broker Network’s new start-up proposition launched last month. Fulwood was formerly a member of the Ten Network, and its involvement takes the total number of start ups to six. Broker Network expects its start-up proposition to attract a further 10 brokers in...
Daniel Dunkley Postonline CED International has swooped for international claims handling network Interiura, from parent company Arag. As a result, CED acquires a network in 41 countries, with its own offices in 13 European countries. Interiura has around 100 employees in 13 countries. Interiura currently handles green card and 4th motor insurance directive...
Amy Ellis Postonline Crawford & Company has signed-up to the Aldermanbury Declaration, a new industry-wide intiative designed to promote the professionalism agenda. The Declaration, which was launcehd by the Chartered Insurance Institute on 4 March , is based on eight key principles and aims to raise standards in the general insurance sector through...
The Financial Services Authority (FSA) has published feedback on its plans to reform the Payment Protection Insurance (PPI) market and at the same time announced a further consultation on a revised package of measures aimed at ensure customers are treated consistently and fairly, either when buying new PPI policies or making a complaint about an [...]
Daniel Dunkley Postonline The Financial Services Authority has published feedback to its plans to reform the Payment Protection Insurance (PPI) market and announced a further six week consultation on its revised package of measures. The regulator confirmed it received 51 detailed responses in response to its consultation (CP 09/23), from a wide range...
Katherine Blackler Postonline Glacier has reported net income for 2009 up to $60m and a total gross written premium decline pf 17% from 2008. European (re)insurer Glacier has reported an improved net income, increased capital strength and a better investment performance in 2009. However, total GWP reduced to $469m (2008: $569m), a decline of over 17%...
jonathan swift Postonline Environment Secretary Hilary Benn said: "There is a lot of public concern about dog attacks, including the recent tragic deaths of young children, and about the rise in the number of so-called status dogs used to intimidate or threaten people." Dog owners in the UK may have to take out insurance against their pet attacking...
