Commercial
IUA report shows £22bn of 2011 premium income controlled by London
The amount of wholesale and commercial business governed by London companies reached a combined premium total of £22bn last year, according to statistical analysis by the International Underwriting Association.
Nexus to establish new MGA following CIFS purchase
Nexus Underwriting has exchanged contracts for the purchase of Credit Indemnity and Financial Services from Novae Syndicates.
Arista expands Southampton office
Arista Insurance has appointed Paul Avery to its Southampton office to help manage the underwriting team.
Chartered broker websites 'overlook the basics', report finds
Brokers are downplaying their chartered status on company websites, according to research commissioned by Axa Commercial Lines and Personal Intermediary.
Kennedys finance staff at risk of redundancy
Kennedys law firm has started a redundancy consultation with 70 staff in its finance department as part of plans to consolidate the non-legal department.
Swiss Re unveils senior appointments
John Dacey, Swiss Re's head of group strategy and strategic investments, is to join the group executive committee from 1 November.
BrokersLink offers supply chain risk advice
International broker network BrokersLink has launched a supply chain risk management service for its members.
Fraud 2012: False hearing loss claims 'easy to disprove'
The insurance industry faces an increase in fraud relating to hearing loss, pet and gadget insurance and arson over the next two years, and has been urged to challenge these threats in a post-Jackson world.
Fraud 2012: IFED courts Lloyd's players
Nine Lloyd's syndicates are in talks with the Association of British Insurers with a view to signing up to use the Insurance Fraud Enforcement Department.
BGL sees gross profits rise 22%
BGL group has reported pre-tax profits of £88m for the year ending June 2012.
Redundancies and recruitment: Not the end of the line
On the surface, a spate of job losses in the insurance sector could hamper its growth and recovery. But opportunities still exist.
Fitzmaurice says Hastings will bed down initiatives before potential float
Incoming Hastings Insurance Group chief executive Gary Hoffman has said his experience leading financial services companies such as Barclaycard, Northern Rock and the start-up NBNK will bring a "broader perspective" to the intermediary business as the…
Institutional investors testing the waters as Direct Line Group floats
Some institutional investors are taking a 'suck it and see' approach to the Direct Line Group float, assessing how issues facing the motor insurance sector affect the firm's share price before taking a slice for themselves, according to analysts.
Contractors resigned to losing payments following Merlin collapse
Contractors owed thousands of pounds by Merlin have approved voluntary liquidation of the loss adjuster, despite being pessimistic at the prospect of recovering payments.
Solicitors PI market: What now for solicitor PI?
The much-maligned Assigned Risk Pool may be set to close in September 2013, but the solicitors’ professional indemnity market still faces issues as 'aggressive' new entrants target the market. What does its future hold?
Editor's comment: In the line of fire and flood
Industry reaction to surge events is never far from the debating arena when it comes to learning lessons from catastrophic floods or fires, and loss adjusters frequently find themselves in the line of fire.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
Aviva introduces two new products to e-trading platform
Aviva has added two commercial products to its expanding e-trading platform ‘Fast Trade’, in the form of minifleet and professional indemnity cover.
APC brings in northern development boss
Commercial insurance underwriting agency APC has appointed former Singers Asset Finance development manager Neil Jenkinson to fulfil a similar role in the firm's northern operation.
Groupama places property owners product on Insurecom
Insurance software company Insurecom has added Groupama Insurances' property owners product to its commercial lines platform.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Barbon hires Bluefin and Axa heads for CKW roles
Barbon Insurance’s Cadogan Keelan Westall has appointed Amanda Hindman, pictured standing, and Sue Filsell.
Esure founder could quit Britain
Esure founder Peter Wood, pictured, is considering relocating to Jersey to escape the UK's tax burden.
Legal & General reshuffles overseas business
Legal & General has reorganised its international business, with overseas chief executive Gareth Hoskins taking early retirement and two directors sharing his responsibilities.