Commercial
BIBA 2010: Lorega in online tie up
Loss recovery insurance specialist Lorega has struck a deal with internet trading solution Broker 2 Broker to enable brokers to bind business online from 1 June.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Lloyd's China granted licence to write direct insurance
Lloyd’s China has been granted a licence by the China Insurance Regulatory Commission to write direct insurance in addition to their existing reinsurance licence.
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
BIBA 2010: Galbraith calls on government to introduce the "right legislation"
The British Insurance Brokers’ Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Brightside to raise £9m via share-listing for latest acquisition
Broking group Brightside has unveiled a plan to raise £9.0m via the placing of 36m new ordinary shares to fund an acquisition.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
Hardy CEO admits 2010 profits will be "diminished" after Q1 losses
Hardy Underwriting said it expects to increase gross written premium volume for the 2010 financial year to more than £300m (2009: £242m).
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Dual to offer PII to Lloyd's brokers
Specialist professional indemnity underwriting agency, Dual Corporate Risks, has secured new capacity for underwriting broker’s professional indemnity cover.
Giles bolsters Welsh team with NIG and Moorhouse raids
Giles Insurance Brokers has appointed seven new members of staff at its Llantrisant-based head office.
Aviva academy earns CII stamp
Aviva’s commercial underwriting academy has received continuing professional development accreditation from the Chartered Insurance Institute for its training modules.
Towergate reports £28m loss in 2009
Towergate has reported losses on ordinary activities for 2009 of £28m compared to £18.89m in 2008.
FSA issues warning of broker exposure to corruption
The Financial Services Authority has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Clyde & Co grows insurance team
Clyde & Co has appointed Ivor Edwards to join the London corporate insurance team.
CL boosts surveyors division with training programme
Cunningham Lindsey is offering its surveyors an improved training programme, as the claims management company looks to diversify and grow its surveying services division.
Coverzones bought out of administration
The assets of online commercial aggregator Coverzones have been bought out of administration by the management team backed by a private investor.
European GI CEO Annette Court out in Zurich reshuffle
Zurich Financial Services today announced a streamlined management structure and related senior management appointments. The changes come into effect on 1 July.
European GI CEO Annette Court out in Zurich reshuffle
Zurich Financial Services today announced a streamlined management structure and related senior management appointments. The changes come into effect on 1 July.
Garwyn names new CEO
Garwyn has appointed the former chairman of glaobal sales at Xchanging, Stewart McCulloch, as its new chief executive.