Commercial
Lloyd's international director quits for CEO role overseas
Jose Ribeiro, director of international markets at Lloyd's, will be leaving in May to take a new chief executive role overseas.
Groupama targets application fraud with data screening process
Groupama is rolling out a new fraud detection system for brokers that targets fraudulent activity at the point of quote.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
European risk board urged to investigate environmental investment
In an open letter to Mario Draghi, president of the European Central Bank and chair of the European Systemic Risk Board, a coalition of experts, investors, NGOs and universities have urged the ESRB to investigate how the European Union's exposure to…
Dexia Bank Belgium rebrands as Belfius Bank & Insurance as it reveals 2011 losses
After reporting a net loss of €1,367m after tax for 2011, Dexia Bank Belgium has rebranded as Belfius Bank & Insurance.
Narec joins with Spanish Idermar on offshore energy project
UK renewable energy finance and insurance company Narec Capital has been appointed by Idermar, developer of Europe's leading offshore wind meteorology platform technology, to advise on finance, insurance and UK market entry.
In Series: Emerging Markets - India: a land of opportunity
With the economy in India struggling less than those of its Western counterparts, coupled with a rise in consumerism, the insurance industry has major opportunities open to it
Axa to make £1.2bn revenue in new distribution strategy
Axa Commercial Lines has launched six new products in the first wave delivery of its multi-channel distribution strategy to help brokers compete and grow.
Marsh appoints Lay business development leader international
Broker Marsh has appointed Chris Lay to the newly created position of business development leader for its International division, which comprises all Marsh's operations outside North America.
CEA rebrands as Insurance Europe
The CEA, the European insurance and reinsurance federation, is rebranding to become Insurance Europe.
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
Experts play down fears of wider trend as two brokers slip into administration
Fears that smaller brokers are coming under increased pressure — after two independent firms slipped into administration in a week — have been downplayed by Eric Galbraith (pictured) who claims "the market is as competitive as ever".
In Series: Emerging Markets - The India of today
With the civil society movement setting the agenda against corruption, and a growing middle class, India is a market ripe for insurers.
The rise of King Artur: interview with Garwyn CEO Artur Niemczewski
After his grandparents escaped the clutches of the Nazis during the Second World War, Artur Niemczewski spent his formative years in communist Poland. The recently appointed Garwyn chief executive reflects on his past as a nuclear scientist and outlines…
Commercial Underwriting: Future Frontiers - the world of tomorrow
With the UK commercial insurance market poised to undergo significant change, management consultancy Oliver Wyman visited the year 2022 as part of its Future Frontier Insurance report to glimpse the future of the sector.
Broker Focus: Schemes - Time to get scheming?
Specialist insurance schemes can offer enormous benefits for niche customers. But do they represent good business — and how can brokers make them successful?
In Series: Emerging Markets - India: a land of opportunity
With the economy in India struggling less than those of its Western counterparts, coupled with a rise in consumerism, the insurance industry has major opportunities open to it
Commercial lags behind personal as major insurers reveal their 2011 hands
The results season is more than halfway through and, while analysts have highlighted the increased profit in personal lines despite market saturation, they claim commercial is lagging behind and could worsen.
Markerstudy to expand non-UK motor MGA offering
Markerstudy is to complete a number of deals with managing general agents in the non-UK motor market in the coming months.
Brit 'schtum' on UK sale as profits and GWP drop in 2011
Brit Insurance has reported a profit before tax of £75.8m in 2011 (2010: £116.4m) on gross written premiums of £1.5bn (2010: £1.53bn).
Arag relaunches online quote engine
Arag's online quotation system for commercial legal expenses insurance has received upgrades and was relaunched today as Quickquote.
Financial strength rating becomes key for commercial brokers
High-grade insurance financial strength ratings have become much more essential to commercial brokers when they evaluate where to place risks, according to research from NIG.
Crawford handles Travis Perkins warehouse fire
Crawford Global Technical Services is handling the claim for fire damage to a two-storey building occupied by builders merchants Travis Perkins.
Top 10 news stories
Find out what the market has been reading about this week with the top 10 news stories from www.insuranceinsight.eu