Broker
Aspen swoops for Fusion marine underwriter
Aspen Risk Management has appointed Paul Singh as marine underwriting manager.
Credit card insurer CPP rocked by record FSA fine for mis-selling scandal
Credit card insurer Card Protection Plan has been slapped with a £10.5m fine by the Financial Services Authority for the mis-selling of insurance products.
Zurich UK results dented by 'exceptionally large' commercial claim
Zurich UK general insurance chief executive Steve Lewis has blamed adverse weather conditions for a £15m slump in business operating profit, compared to the nine month stage last year.
Penny Black's Insurance Week
Hollywood and the insurance industry crossed swords again this week with none other than A-list actor Tom Hanks caught squarely in the middle.
Schemes: Overcoming the obstacles
Brokers are often critical of the way insurers handle schemes, so how can these problems be solved?
Aggregators audit software providers after hackers exploit SSP vulnerability
Insurance software houses have warned that hackers are becoming increasingly sophisticated in breaking through security systems, forcing businesses to engage in a "never-ending fight" to stay ahead.
Market moves: Chartis and Antares dominate recruitment space
The recruitment space was dominated by Chartis and Lloyd’s insurer Antares this week. Chartis welcomed four new staff to its team, while Antares recruited an energy underwriter and two aviation specialists.
Go Compare admits future sale 'entirely possible'
The timing of Go Compare's strategic review is "no coincidence" given that the aggregator's major shareholder has a flotation in its sights, according to commentators, who have also mooted a potential management buyout or private equity deal.
Direct Group eyes US expansion following sale to Ryan Specialty Group
Direct Group chief executive Derek Coles intends to take advantage of new opportunities to enter international territories following the completion of the firm's sale to Ryan Specialty Group.
Poor change management can cost insurers millions
Insurance players are wasting millions of pounds each year through a lack of capability and investment in change management, according to BGL’s affinity arm Junction.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
Towergate branch director joins Giles
Giles has recruited David Cook, pictured, to be Durham branch director.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Giles names new corporate risks development director
Giles has appointed Simon McGonigle as development director of corporate risks.
Interview: Bill Cooper - Banking bites back
The head of global insurance at Lloyds Banking Group believes that insurance M&As are not dead and that institutions are willing and able to provide finance.
Aspinall appointed class underwriter at Liberty Syndicates
Liberty Syndicates has named experienced Lloyd's syndicates underwriter Mark Aspinall as class underwriter for specie and fine art.
Quindell pockets £20m thanks to 'major institutional investor'
Quindell Portfolio has secured £20m of funding through the issuing of 153 846 153 placing shares with a major new institutional investor.
AM Best offers positive outlook on Markel International
Rating services firm AM Best Europe has affirmed the financial strength rating of 'A' and issuer credit ratings of "A+" of Markel International and Lloyd's Syndicate 3000.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
Davies expects Markel full-year results to weather the storm
Markel International finance director Andy Davies is confident that the impact of superstorm Sandy on his firm's full-year results will not halt the momentum achieved in the opening nine months of the year.
Miller appointment strengthens marine team
Miller has enhanced its marine capabilities with the appointment of stock throughput, cargo and project cargo insurance broking specialist Tony Robinson.
RSA on alert after man appears in court a year on from M5 crash
RSA will "continue to monitor matters closely" after the provider of a fireworks display at Taunton Rugby Club was charged with seven counts of manslaughter following a pile-up on the M5 last November.