Broker
ABI boss Thoresen resumes flood talks with Cabinet minister Letwin
Association of British Insurers director general Otto Thoresen is locked in talks today with Oliver Letwin, the Cabinet minister responsible for co-ordinating government policy, with a view to finally identifying a future flood risk solution.
Prices mostly stable at January reinsurance renewals
January 2013 reinsurance renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility, according to Guy Carpenter.
Nexus forms Lloyd's MGA to underwrite trade credit indemnity
Nexus Underwriting Management has launched a Lloyd's managing general agency, Nexus CIFS, focusing primarily on trade credit indemnity business.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Equity buys renewal rights to Ecclesiastical's Ansvar motor book
Equity Red Star has secured the rights to broker-sourced Ecclesiastical's motor business, underwritten by its ethical insurance arm Ansvar Insurance.
Miller hires facultative broker
Facultative reinsurance broker Charlotte Condon has joined Miller's reinsurance team in London.
HDFU trawls through historic data to launch risk profiling model
The Hill Dickinson Fraud Unit has developed a fraud risk profiling model that assesses risk and scores individual motor claims and the claimants within them.
Software house CDL promotes Johnson to MD role
CDL has promoted former customer services boss Gary Johnson to the board of directors where he will lead the company as group managing director.
Start-up boss aims to counter negative consumer view of large insurers
The CEO of a new online start-up believes that the appetite for insurers to diversify their books could trigger growth in social media-derived cover.
MIB gives Hemani full-time customer services role
The Motor Insurers' Bureau has handed the role of head of customer services to Mohammed Hemani on a full-time basis.
Fraudulent family told to pay back ill-gotten gains following IFB action
A deceitful family that plotted to cheat insurance companies by submitting dozens of fake household, pet and motor claims has been ordered to pay back more than £278 000.
View from the Top: Premature death notice for networks
Contrary to popular belief, broker networks are thriving domestically and internationally, says Brendan McManus.
Market moves: Towergate leads Christmas recruiting while Giles and others add seasonal cheer
This week in recruitment belonged to Towergate Underwriting, which welcomed five new staff all appointed to work with regional brokers.
Post magazine - 20/27 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
DAS promotes sales employee to new account manager role
The DAS Group has appointed Michael Petchey, pictured, to the newly created role of broker account manager.
JLT chairman joins Chesterfield Group
Lloyd's broker the Chesterfield Group has appointed David Menzies to grow its accident and health account in the US and internationally, as part of an on-going growth strategy.
LMA teams up with IUA to run cross-market aviation committee
The Lloyd's Market Association will share the running of a cross-market aviation committee with the International Underwriting Association.
Cooper Gay makes new hire to expand Chinese footprint
Cooper Gay has appointed David Yip, pictured, as head of treaty for Cooper Gay Hong Kong as part of an expansion drive in Asia.
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.