Articles by Katie Marriner
Towergate acquisition of Footman James complete
Aon Risk Solutions has completed the sale of niche motor broker Footman James to Towergate.
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.
Outlook for Taiwanese non-life insurers stable, according to Fitch
Taiwanese non-life insurers have a stable sector outlook supported by strong capital buffers and satisfactory underwriting performance, according to ratings agency Fitch Ratings.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
New PI business to be launched by ex-Towergate team
A former Towergate employee is to launch a Sheffield-based professional indemnity underwriting business called The PI Desk.
Aon Benfield subsidiary launches flood cat model in Netherlands
Aon Benfield’s catastrophe modelling centre has launched a model to understand the financial impact of flood damage in the Netherlands for property and motor.
Apprenticeships gaining popularity in insurance sector, CII survey finds
More than half of employers in the insurance sector are willing to take on an apprentice, a Chartered Insurance Institute survey has found.
Insurance executive faces investigation by China’s discipline commission
An executive at state-owned Chinese insurance firm China Export and Credit Insurance Corporation is being investigated by the country’s corruption body.
Fitch predicts stable outlook for German non-life ratings
Ratings agency Fitch says it does not foresee a significant number of rating changes in the next 12 to 24 months within the German non-life sector.
German non-life ratings to remain stable, according to Fitch
Ratings agency Fitch says it does not foresee a significant number of rating changes in the next 12 to 24 months within the German non-life sector.
Asta confirms launch of two syndicates for 2014
Asta is launching two Lloyd’s syndicates for 2014, Axis Syndicate 1686 and Duncan Dale Syndicate 1729.
Ace launches product recall cover for fluid, process and power equipment manufacturers
Ace Group has launched a product for fluid, process and power equipment manufacturers in the UK and Ireland that will include cover for product recall.
Insurers urged to stay vigilant on avoiding sanctions violations
Accountancy firm Moore Stephens is urging insurers to remain vigilant in avoiding sanctions violations or risk facing penalties after positive signals that international sanctions on Iran are relaxing.
FCA will push for brokers to have ‘house in order’, UKGI predicts
Compliance consultancy UKGI predicts 2014 will see the conduct regulator pressuring the broking community to “put its house in order” before insisting on fresh regulations.
DLG completes sale of life book to Chesnara
Direct Line Insurance Group has completed the sale of Direct Line Life Insurance Company to Chesnara.
Towergate among larger brokers targeted by Brightside for Holman replacement
Interim chief executive Paul Chase-Gardener says it was always Brightside’s intention to recruit a new chief executive from a larger rival.
JLT acquires South African broker Eluleka
Jardine Lloyd Thompson Group has acquired South African employee benefits and healthcare broker and consultant Eluleka Consulting.
Scottish QOCS recommendation 'agitating' insurers’ solicitors
Solicitors with insurer clients have been agitated by a recommendation to introduce qualified one way costs shifting in Scotland,according to the author of the report suggesting the change.
Biba lobbies government for nationwide broker apprenticeship programme
The British Insurance Brokers’ Association is calling for the government to set up a nationwide apprenticeship programme to recruit and retain people in the broking sector.
Industry reputation will be tested by response to surge events, ABI warns
How the insurance industry responds to flood events going forward will be a key test for its reputation, the Association of British Insurers says.
Insurers praise speed of London market response to Nairobi mall attack
The speed of the London market response to September’s Nairobi shopping mall siege demonstrates its authority in reacting to terrorist events, those involved in the response have told Post.
Drivers take risks with floodwater driving, according to AA
More than half of UK drivers are putting themselves in danger attempting to cross dangerous flood water, a joint AA and Environment Agency survey has found.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Q&A: Craig Cannonier and Bob Richards: Bermudian bigwigs
Bermuda’s Premier and Finance Minister discuss the island’s insurance industry and its relationship with the UK market.