News
Robert Hiscox awarded Lloyd’s Gold Medal
Former Hiscox chairman Robert Hiscox has been honoured by Lloyd’s for services to the London market.
Paterson refuses to 'rush through' flood risk solution, as SoP expiry looms
Environment secretary Owen Paterson has claimed there is “no point rushing through” a long-term flood risk solution, despite there being just three months until the Statement of Principles expires.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Miller bolsters reinsurance and corporate teams with double hire
Miller has added further to its reinsurance team with the addition of brokers from JLT Re and Gibbs Hartley Cooper.
Ingenie slams ABI night curfew proposals for young drivers
Ingenie has said the Association of British Insurers proposals to introduce a night time ban for young drivers as a way of improving young driver safety.
Future Group to sell GI stake
Future Group today entered into a non-binding agreement to merge L&T General Insurance with Future Generali India Insurance, according to reports in the local media.
SunGard launches policy administration system for Apac insurers
SunGard has launched Compass Asia, an integrated policy administration system in response to increased focus on operational efficiency across the region.
Talanx enjoys results boost following IPO
Talanx showed strong underwriting performance in the first full year results since its initial public offering, but there is still room for improvement according to analysts.
ABI brands Marsh's Flood Mu model 'completely unacceptable'
The Association of British Insurers has issued a damning response to Marsh’s proposal for a mutulised solution to flooding, describing the ‘Flood Mu’ model as “completely unacceptable to insurers”.
E&Y welcomes long term financing consultation
Ernst & Young has joined Insurance Europe in welcoming the green paper on long-term investment issued by the European Commission yesterday.
Mutual growth outpaces traditional insurers since the crisis
European mutual insurers have managed to wrestle 10% of the general insurance market from their traditional counterparts since 2007, a new study has shown.
SRA issues PI referral fees ban guidelines
The Solicitors Regulation Authority has issued guidance and support for those in need of advice ahead of the introduction of the referral fees ban in personal injury cases.
RKH eyes further M&A activity following 13-years of growth
RK Harrison has recorded a 21% increase in turnover to £92.9m for the year ended 30 June 2012, in which the firm maintained a profit margin of 25%.
ProSight appoints technology underwriter
ProSight, which operated Syndicate 1110 at Lloyd’s, has appointed Dennis Huggins as technology underwriter with immediate effect.
Top five European news stories
The top five European stories from www.insurancensight.com over the past seven days.
Argenta recruits Hardy claims head for syndicate role
Argenta has recruited Hardy’s claims boss to serve as its own head of claims and reinsurance at its Lloyd’s syndicate from 2 April.
Ex-Aviva boss Moss handed £300k bonus settlement
Former Aviva chief executive Andrew Moss was awarded £300 000 by the insurer this year to settle suggestions that he might have been entitled to a bonus.
Argo International hires Barbican PI underwriter
Lloyd’s insurer Argo International has appointed James McPartland as an underwriter in its professional indemnity team.
GUK director Simpson joins Bollington
Bollington has appointed its non-executive director and business support director of Groupama's GUK Broking Services as chief operating officer with responsibility for finance and operations from 1 April.
Abbey Protection posts 3% profit growth
Abbey Protection has reported pre-tax profits of £10.3m for 2012 – a 3% increase on the £10.1m gained in 2011.
Chan promoted at Nova Risk Services
Nova's CEO Patrick Chan will run the mainland operations of China in addition to Hong Kong and Macau.
Marsh appoints Kanak as senior adviser in Asia
Marsh has appointed experienced Asian veteran Don Kanak as senior adviser to the CEO's Asia-Pacific office.
Government panel recommends unified Indian regulator
An Indian government panel wants a unified financial regulator.
New risks threaten emerging market progress
Despite resilient growth, estimated at 5.1% in 2013, and improved sovereign and external fundamentals, emerging country risks have not disappeared altogether, according to Coface.