Broker
Aon Benfield calls for wider adaptation of internal SII models
Aon Benfield is calling for a simplified internal model approval process for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.
Aon Benfield calls for wider adaptation of internal SII models
Aon Benfield is calling for a simplified internal model approval process for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.
Torus names casualty construction vice president
Torus has appointed Pat Hindle as vice president of its new Excess Casualty Construction division, based in Jersey City.
Irish government woes delay Quinn Insurance sale
The proposed sale of Quinn Insurance has been delayed by the firm’s administrators until after a new Irish government is elected, according to reports.
Plum looks to boost team following growth
Non-standard household insurance specialist Plum Underwriting has said it is on the look-out for underwriters to join the business after its sales increased by 54% and its agency base doubled in the last 12 months.
Lord Sheikh confirms broker launch
Lord Sheikh has launched insurance broker and underwriting agent Macmillan Sheikh.
Blanc gets carte blanche to change Axa's commercial business
Roy Watkinson has become the first casualty of Amanda Blanc’s shake-up within Axa’s commercial general insurance business, since she took over as chief executive on Monday.
Keychoice signs legal expenses deal
Keychoice Underwriting has teamed up with DAS to provide its broker partners with access to legal protection alongside the existing range of Keychoice commercial products.
Shipping body softens stance on private anti-pirate armies
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates.
Ageas strengthens commercial broker team
Ageas has appointed three new broker account executives to cover the North east, East and West Midlands, and South west.
THB adds to London market team
Insurance broker THB has recruited three new staff to the motor fleet and commercial units of its London market offering
CFC sees operating profit rise 26%
Specialist lines MGA, CFC has recorded a gross premium income rise to £36 million for the year ending September 2010.
Willis Networks increases membership
Six new members have joined Willis Networks.
Lloyd's to be dual-regulated by PRA and FCA under new financial regime
The Government today outlined its view that Lloyd’s and Lloyd’s managing agents should be dual-regulated firms with the Prudential Regulatory Authority responsible for prudential regulation (including the activities of ensuring the adequacy of members’…
Government admits insurance firms pose less "systemic" risk
In outlining its plans for the replacement of the Financial Services Authority today the Government has given the strongest sign yet that it will differentiate between the insurance industry and other higher risk sectors.
Groupama UK profit rises 70%
Double-digit premium rate growth in private motor supported a 4.6% revenue growth for Groupama Insurances to £470.9m in 2010 (2009: £450.3m).
Groupama UK profit rises 70%
Double-digit premium rate growth in private motor supported a 4.6% revenue growth for Groupama Insurances to £470.9m in 2010 (2009: £450.3m).
Government rebrands broker regulator before launch
The government is to rename the Consumer Protection and Markets Authority as the Financial Conduct Authority and give it the power to ban products or limit their distribution for up to 12 months.
“Augmented reality” campaign for Aviva brokers
Marketing agency Balloon Dog has provided Aviva with an augmented reality campaign designed to raise awareness of the insurer’s product offering in the technology sector.
LV Broker makes double appointment
LV Broker has named Iain Thomas as head of personal lines sales and Ian Stammars as home senior underwriter.
Power Place unveils business support function
Power Place has launched a new business support team to provide advice and training for its broker members.
The professionalism push: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute talks to Jonathan Swift about the challenges and opportunities facing the general insurance industry in its quest to embrace professionalism.
Scott: GI becoming 'recognisable profession'
The chief executive of the Chartered Insurance Institute is confident that the general insurance industry is making strides that will help it differentiate itself under the incoming regulatory regime.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.