Lloyd’s/London
HNW motor insurer to target ‘super-younger’ demographic
Aqueduct Underwriting’s high net worth and specialist motor product Aurum has noted a gradual but significant demographic shift to ‘super-younger’ drivers in spite of the continuing economic hiatus in the UK.
R&Q sees total 2012 income up 41%
Randall and Quilter has reported total group income of £52m for the year ending December 31, up 41% on 2011’s equivalent figure of £36.8m.
R&Q plots Bermuda move
Randall & Quilter is planning to redomicile its holding company in Bermuda, moving out of the UK.
2013 British Insurance Awards shortlist announced
Today Incisive Media insurance division editor-in-chief Jonathan Swift is proud to unveil the nominees for the 2013 British Insurance Awards.
Post Claims Club: London market should follow other sectors’ lead in implementing standards
The London market could benefit from the introduction of a road traffic accident portal-like electronic system with fixed timelines and costs consequences for delays in decision making, according to Martin Thomas, chief claims officer at Aon Risk…
LMA unveils plan to cut whiplash bill
The Lloyd’s Market Association has laid out a five-point plan for reducing the annual cost paid out of over £2bn for whiplash claims.
Aquiline completes Equity acquisition
New York-based private equity firm Aquiline has completed its deal to purchase Equity Insurance Group.
Hiscox names property head as new London unit CUO
Hiscox has restructured its London operations, separating the insurance and reinsurance lines in a bid to foster growth.
Post Intelligence - company profile: Mitsui Sumitomo
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report highlights Mitsui Sumitomo’s strategy and performance in 2012.
Hiscox names UK tech boss as head of intermediary sales
Hiscox has added to its schemes and partnerships team, naming its UK and Ireland head of technology, media and telecoms as head of intermediary sales and distribution.
Standard Club launches hull facility
Standard Club managers Charles Taylors have arranged a hull and machinery facility for Standard Club members, with cover provided by Swiss Re and certain Lloyd’s of London Syndicates.
Graves appointed deputy head of claims at Mitsui Sumitomo
Non-life insurer Mitsui Sumitomo has promoted claims manager Mark Graves to deputy head of claims.
Post Intelligence - company profile: Hiscox
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report highlights Hiscox’s strategy and performance in 2012.
Post Intelligence - company profile: Catlin
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report highlights Catlin Group’s strategy and operations.
Post Intelligence - company profile: Beazley
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report highlights Beazley’s strategy and performance in 2012.
Post Intelligence - company profile: Amlin
A key aspect of Amlin’s strategy is the focus on maintaining a balance between catastrophe and non-catastrophe exposures, as well as a broad spread of risk by geography and class.
Lloyd’s members agency Alpha unveils new chairman following buyout
Lloyd’s members agency Alpha Insurance Analysts has appointed John Scott as non-executive chairman, subject to approval of both the Financial Conduct Authority and Lloyd’s.
Cathedral listed for sale by PE backer
Lloyd's managing agent Cathedral Capital has been put up for sale by its majority owner Alchemy, a private equity group.
Insurers not yet in the clear over horsemeat scandal as claims emerge
Contaminated meat claims linked with the horsemeat scandal are now reaching insurers despite clauses that limit liability within product recall policies.
Aviva, RSA and Allianz await fallout from Savile abuse allegations
Aviva, RSA and Allianz were the BBC’s primary insurers during the 40 years that alleged sex offender Jimmy Savile worked for the broadcaster, and could face sexual abuse claims of up to £30m.
Market Moves: Insurers take the week’s spoils as Ace leads recruitment surge
This week, insurers were on top, with Ace, Covéa and Liberty Mutual among the firms to have tied up deals to bring in new faces.
Solvency II: worth the wait?
After many delays, Solvency II implementation is still far from certain. While some insurers have grown disillusioned by the process, others remain keen to see the directive’s benefits come to fruition.
Ex-Airmic chair Taylor joins Ascot board
Ascot Underwriting has appointed Paul Taylor as an independent non-executive director and chair of it’s risk committee.
MGAA begins chief exec hunt
Managing General Agents’ Association chairman Reg Brown is hoping to install a new, full-time chief executive at the industry body by February next year.