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FCA targets claims industry after thematic review

The UK's Financial Conduct Authority (FCA) has turned the spotlight on the claims industry after it uncovered a series of failings in how claims for small and medium-sized enterprises (SMEs) are being handled

Charlie Thomas, 22 May 2015
Axa to acquire SulAmerica subsidiary for EUR40mn

French insurance group Axa has agreed to acquire 100 percent of a subsidiary of Brazilian composite insurer SulAmerica for a total consideration of EUR40mn ($44.7mn).

Jenny Messenger, 22 May 2015
Exor will not raise PartnerRe bid price

Exor will not consider increasing its $137.50 a share takeover offer for PartnerRe but is prepared to negotiate with the reinsurer in an attempt to provide improved closing certainty for its shareholders.

David Bull, 21 May 2015
Allstate puts April cat losses at $273mn

Allstate has estimated that its catastrophe losses in April 2015 reached $273mn before tax, or $177mn after tax

Jenny Messenger, 21 May 2015
Zurich wins landmark asbestos case

Zurich has won a protracted asbestos dispute after the highest court in the UK ruled that insurers were ultimately only liable for the portion of the exposure that they were on risk for.

Dan Ascher, 21 May 2015
Axis ‘has bright future’ with or without PartnerRe

Axis Capital CEO Albert Benchimol has written to staff to underline the firm's strong position in the event that its attempts to acquire PartnerRe fail.

Charlie Thomas, 21 May 2015
Canopius hires Aegis London head as CEO

Sompo's international specialty insurance arm Canopius has hired Stuart Davies, the managing director of Aegis London, as its new CEO.

Adam McNestrie, 21 May 2015
RSA completes China disposal

RSA has completed the sale of Sun Alliance Insurance (China) to Swiss Re Corporate Solutions

Charlie Thomas, 21 May 2015
Amlin top line dips as reinsurance squeeze continues

Lloyd's (re)insurer Amlin saw its top line dip in the first quarter of the year amidst the continuing squeeze on reinsurance rates.

Charlie Thomas, 21 May 2015
Xchanging unveils Xcelsia TPA claims service

Business services and technology group Xchanging has launched a third party administration (TPA) claims service in the London market, the firm said today (20 May).

Jenny Messenger, 20 May 2015

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