News
Kennedys and Simpson & Marwick to merge
Law firms Kennedys and Simpson & Marwick will merge on 1 November.
Biba defends brokers following Law Society criticism
The British Insurance Brokers’ Association has defended the broking community following criticism from the Law Society.
Axa offers “full and final” £1.5m Accident Exchange settlement
Axa has made a bid to settle all of its credit hire disputes with Accident Exchange through a global settlement.
Law Society slams brokers as it launches direct solicitor’s PI service
The Law Society today launched its long anticipated joint venture with broker Miller to provide professional indemnity cover for small solicitor firms.
David Harries appointed Syndicate 386 active underwriter
QBE has appointed David Harries as active underwriter of Lloyd’s Syndicate 386.
US watchdog requests information on Lloyd's sanctions probe
The New York department of Financial Services has written to Lloyd’s of London requesting information on its review into possible sanctions breaches by members of the market.
Stable reinsurance market could herald price softening
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.
Charles Taylor remains ‘cautious’ after profits rise 16.8% in H1
Charles Taylor posted revenue of £56.1m in the first six months of 2013, up 5.9% on the first half of 2012.
Axa makes senior claims appointment in Asia
Axa has appointed Leo Costes as regional claims practice leader for Asia.
Ping An's profits rise 28.3%
China's largest insurer Ping An has reported a 28.3% rise in its first-half profit.
AIG unveils space risks protection
AIG has unveiled a new product to protect satellite owners and operators for the launch and the first 10-years of the satellite’s in-orbit operation.
Willis signs up to Xchanging’s outsourcing service
Willis has become the first broker to sign up to Xchanging’s outsourcing service for the collection of defence fees.
140 000 uninsured cars seized annually
The Motor Insurers’ Bureau has revealed approximately 140 000 uninsured cars are seized by police each year.
Cyber insurance market remains untapped
A Timetric report has identified scope for expansion in the UK cyber liability insurance market – an area that currently represents 0.01% of the non-life market.
First Assist teams up with Cobra on IP products
First Assist Legal Protection has partnered with Cobra Special Risks to develop its intellectual property protection product range.
First Assist partners with Cobra on IP products
First Assist Legal Protection has partnered with Cobra Special Risks to develop its intellectual property protection product range.
Vienna Insurance Group sees pre-tax profits slashed by floods
Austria’s biggest insurer has seen pre-tax profits drop by almost 32% following severe flooding in Central and Eastern Europe.
Admiral’s ABSs will not contribute 'materially' to group’s profits
Admiral’s joint legal ventures with Lyons Davidson and Cordner Lewis will not “make a material contribution in the foreseeable future”, according to the insurer’s chief financial officer Kevin Chidwick.
Enoizi named chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Goldman Sachs in Hastings stake talks
A Goldman Sachs-owned private equity fund is in exclusive talks over a minority shareholding in Hastings, according to reports.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Aviva’s Clayden appointed to lead QBE European claims
Dominc Clayden, Aviva general insurance claims director, has been appointed claims director at QBE.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
Aviva’s Dominic Clayden to join QBE
Dominic Clayden, Aviva general insurance claims director, has been appointed claims director at QBE.