News
Howorth to replace Merritt as CEO of JLT Asia
Jardine Lloyd Thompson Group has appointed Duncan Howorth as chief executive of JLT Asia with effect from 1 January 2013.
Collinson agrees Ancile Insurance travel cover deal
Collinson Insurance Group is to provide underwriting capacity for Ancile Insurance's retail travel insurance business.
'Super cedants' force reinsurers into caution
Consolidation among insurers means that catastrophe reinsurers could be more exposed to shocks on exposures, according to a study published today.
Third-party motor penetration reaches 90% in Russia
Third-party motor liability gross premiums written by Russian insurers in 2011 reached RUB106bn (€2.61bn), a 15.2% increase on the year before, according to Russia's Motor Insurers' Association.
New XL office to serve mid-market France
XL Group has opened a new insurance office in Lyon to serve companies and broking houses in the south east of France.
Talanx in shock IPO turnaround
German insurance giant Talanx has made the unprecedented move of committing to an initial public offering barely seven days after saying it had cancelled the planned listing due to market sentiment.
Insurance Europe welcomes Solvency II impact assesment
Insurance Europe has welcomed news that the European Union will undertake an impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Talanx resumes £3bn IPO days after abandoning float
Talanx AG is to restart plans to launch an initial public offering on the Frankfurt Stock Exchange, scheduled for October.
Lyons Davidson tops list for Legal Ombudsman intervention
The Legal Ombudsman has filed 10 decisions on law firm Lyons Davidson since April after receiving complaints from clients.
Firms in emerging markets eye captives to manage risk
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon Global Risk Consulting.
Willis opens new office in Malta
Global broker Willis Group has opened a new office in Malta to serve its growing captive and commercial insurance clients in the region.
Pru Health appoints client management boss
Nicky Pepper has been appointed to the newly created role of head of corporate client management at Pru Health.
Woodstock acquires Clear Insurance personal lines book
Endsleigh-owned broker Woodstock Insurance has purchased Clear Insurance Management's personal lines book of business.
Towergate appoints new non-executive director
Teresa Robson-Capps has been appointed to the board and audit committee of Towergate.
Solvency II could face more delays
Disagreement between European Union member states over the final shape of Solvency II could further delay the implementation of the regulations, Reuters reported yesterday.
Amlin unveils further board changes
Kevin Allchorne is to succeed Simon Beale, pictured, as underwriting director of Amlin London following Beale's appointment as group chief underwriting officer of Amlin Underwriting in July.
Questgates wins customer service gong
Questgates claims to be the first UK loss adjuster to win an award for customer service from Investor in Customers, which assesses customer experiences and satisfaction levels across all industries.
Direct Line Group banks to slash IPO charges
The banks co-ordinating the DLG flotation could charge less than normal in order to reinvigorate the market for initial public offerings.
Crawford wins RSA solus subsidence claims contract
RSA has appointed Crawford & Company to be the sole provider of subsidence claims handling services for a five-year term.
More SII delays "regrettable" but necessary
The European insurance and reinsurance federation, Insurance Europe, has welcomed a decision to finalise the impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Direct Line float will test the waters for IPO sentiment
A Direct Line Group initial public offering will be one of the UK's biggest ever general insurance listings, including Admiral's flotation in 2004, according to market experts.
Comparison sites bullish as Google launches car insurance aggregator
Price comparison sites have played down the threat presented by Google after the search company launched a car insurance aggregator, following its acquisition of Beat That Quote in March last year.
EC3 Brokers outlines plan to crack 'highly profitable' US casualty market
Giles' new reinsurance division, EC3 Brokers, has outlined its intention to focus on US casualty business, and claims to have signed up nine clients after launching just last week.
Market moves: Davies and Questgates recruit former Merlin employees
The week again belonged to the loss adjusting fraternity, as the fight to recruit staff left displaced by the demise of Merlin continued with Davies and Questgates both welcoming fresh faces.