Broker
Mitsui Sumitomo adds to underwriting team
Mitsui Sumitomo at Lloyd's has strengthened its underwriting team with two new appointments.
Kinetic raids Lime Street Brokers
Lloyd's broker Kinetic Insurance has hired a team of brokers to expand the company's range of products and brands through online platforms.
Guy Carpenter launches in Dubai
Guy Carpenter & Company has opened its first office in the Middle East and has received a licence from the Dubai Financial Services Authority to operate as an insurance intermediary in the Dubai International Financial Centre.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Gender Directive to push up female motor premiums by 38%
Motor insurance premiums for young female drivers are expected to face sharp increases when the European Gender Directive comes into force on Friday, according to research by the British Insurance Brokers' Association.
Allanfield plunges into administration
FRP Advisory appointed as administrators to specialist property broker.
UIB secures Brazil oil field contract
Independent international reinsurance broker UIB has been appointed as the lead intermediary for the construction of 28 floating drilling platforms off the coast of Brazil.
Insurance Insight closed for festive period
Insurance Insight's offices will be closed from 19 December 2012 to 2 January 2013 for the festive period. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year.
Equinox Global boosts capacity with Jubilee deal
Trade credit insurer Equinox Global has secured additional capacity through Jubilee Syndicate 5820 at Lloyd's, in a deal that increases Equinox's automatic capacity from $30m (£18.5m) to $35m (£21.6m).
JLT launches multi-line executive defence insurance product
Lloyd's broker JLT has teamed up with AIG Europe to develop an executive defence product for commercial clients which combines a number of financial lines under one limit while preserving some dedicated protection for personal assets.
Willis launches cover for offshore decommissioning risks
The energy industry faces new risks associated with decommissioning and dismantling oil and gas installations when they reach the end of their productive life, Willis Energy has warned.
UK General joins the MGAA
UK General Insurance has become a member of the Managing General Agents' Association.
Towers Watson motor report warns insurers to move with the times
Insurers have been told to refresh internal approaches to keep pace with a changing motor market, which is expected to break into profitable territory in 2012.
US consolidator aquires Paul Napier
London-based Lloyd's broker Paul Napier has been sold to to US insurance broking consolidator Assured Partners for an undisclosed sum.
IAG sells Independent Commerical Brokers for £10m
Insurance Australia Group has sold Independent Commercial Brokers to the existing management team for £10m.
US consolidator swoops for Paul Napier, following TPD input
Lloyd's broker Paul Napier has been sold to US-based consolidator Assured Partners in a multimillion pound deal.
IAG sets sights on Asia growth after UK sales
Insurance Australia Group announced the sale of all its UK operations today as the company aims to strengthen its footprint in Asia.
Hastings recruits ex-LV digital marketing boss
Hastings has appointed former LV head of digital marketing Nicola Charles to the role of marketing director at the broking firm.
IAG confirms Equity Red Star sale ahead of huge predicted losses
Insurance Australia Group has confirmed the sale of its UK business to Aquiline Capital Partners, following the completion of a strategic review in which the firm predicted net losses of £156m after tax.
Bridge broker unveils creative industries division
Bridge Insurance Brokers is expanding into new markets with the launch of a creative industries specialist division.
AJ Gallagher hands ex-Brit chief exec Eckert NED role
Former Brit Insurance chief executive Neil Eckert has been appointed a non-executive director of Arthur J. Gallagher International.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
Towergate takes on NFU Mutual team in Aberdeen
Towergate has underlined its retail growth plans for Scotland with the hire of a seven-strong team to the consolidator's Aberdeen office.