Commercial
The challenges of pan-European insurance programme
The European Single Market aims to bring harmonisation of goods and services, however, for insurers working on pan-European deals there are still challenges to overcome. John Bibby explains how working with the airline industry has its own special…
M4 Underwriting and Allianz locked in coverholder talks
The capacity arrangement between M4 Underwriting and Allianz could be set to end within the next few months as talks stall over a renegotiation of a contract between the firms.
BP reaches settlement on Deepwater Horizon accident
BP has reached an agreement with MOEX Offshore 2007 and its affiliates, Mitsui Oil Exploration and MOEX USA Corporation to settle all claims between the companies related to the Deepwater Horizon accident.
BP reaches settlement on Deepwater Horizon accident
BP has reached an agreement with MOEX Offshore 2007 and its affiliates, Mitsui Oil Exploration and MOEX USA Corporation to settle all claims between the companies related to the Deepwater Horizon accident.
Operational risk management raises profile in Germany
Operational risk professionals from across Germany have launched an organisation in Frankfurt am Main dedicated to strengthening their ability to reduce the likelihood and impact of threats on business and financial services.
BMS grows US wholesale team
Broker BMS Group has recruited Glencairn property boss Ian Gormley to help grow its US wholesale business.
Operational risk management raises profile in Germany
Operational risk professionals from across Germany have launched an organisation in Frankfurt am Main dedicated to strengthening their ability to reduce the likelihood and impact of threats on business and financial services.
Guernsey given green light by Hong Kong Stock Exchange
Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange.
Guernsey given green light by Hong Kong Stock Exchange
Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange.
Lloyds execs to hand back bonuses
Lloyds Banking Group is taking back part of the bonuses awarded to senior executives as a result of the £3.2bn hit the bank took for mis-selling payment protection insurance.
Chaucer bolstered by rate rises across UK and energy portfolios
Chaucer this morning reported gross written premium income of £274.1m for the first quarter of 2011 (2010 Q1: £250.1m).
Hebburn and Hiscox among winners at first ever Claims Awards
Roy Hebburn, divisional claims manager (technical) at Allianz was handed the inaugural achievement award at last night’s Claims Awards ceremony.
Biba 2011: Aon president dismisses contingent commission concerns
Aon president Greg Case has stressed that the issue of contingent commissions in the US was never a major issue as the broker instead focuses on the "transparency" it offers its clients.
Schemes: Scheming for success
Schemes business requires significant investment to make it work and underwriters are not prepared to tolerate poor profitability. But, as Jane Bernstein reports, the benefits are many and it remains attractive to brokers.
Zurich sees engineering business grow by 50%
Zurich's engineering insurance business has grown by 50% to £15m gross written premium in the past two years, with the ambition to take it to £25m over the next three to five years.
Biba 2011: Restructure ends as 114 Axa jobs go
Axa Commercial chief executive Amanda Blanc has revealed the restructure of the firm is "complete", including the identification of 114 senior management staff who will leave the business. As a result of the swift changes, Axa branches across the UK are…
Allianz front-end fraud focus helps save £50m
Allianz Insurance is on track to identify £50m of insurance fraud in 2011, according to UK chief executive Andrew Torrance — boosted by work undertaken by the insurer in private car application fraud.
Aviva to attack motor with online-only brand
Aviva is gearing up to challenge multi-brand motor insurance giants Royal Bank of Scotland Insurance and Admiral on the aggregators with the launch of a new internet-only brand.
Damage management - Surge: Surging ahead
Recent surge events have shown insurers are getting better at coping with large numbers of claims but there is still room for improvement. Sam Barrett finds out what could make a crucial difference the next time an extreme event occurs.
Barbon trading platform on track for a summer launch
Barbon Insurance Group is now "weeks away" from launching its wholesale broker online trading platform via property business Keelan Westall.
News analysis - AJG acquisition: Deal or no deal
After a number of stalled bids from a variety of firms, Heath Lambert has been bought by international giant Arthur J Gallagher. Mairi MacDonald follows the timeline of the deal and looks at what the consequences may be.
RSA plans to 'dominate' marine after niche buy
RSA's acquisition of niche marine broker Noble Marine is part of a plan to dominate the UK marine market, according to marine director Richard Turner.
Ryan secures "direct access to Lloyd's" with acquisition
Illinois-based Ryan Specialty Group has secured a place in Lloyd's after confirming it has entered an agreement with Jubilee Group to acquire 100% of its share capital.
Jubilee confirms sale to Ryan
Jubilee Group has been sold to Ryan Specialty Group for an undisclosed sum.