News
Ageas braced for further household rate rise
Ageas UK boss Barry Smith has warned of further rate rises on household premiums after admitting to a rate hike of 16% for buildings cover last year.
Turkey cracks down on homeowners without quake insurance
Turkey is tightening the rules for mandatory earthquake insurance, making the government decree a law and limiting services to homeowners without protection, according to Hurriyet Daily News.
Jelf boosts schemes and affinities team
Broker Jelf has strengthened its schemes and affinities team following the appointment of Rob Rees as managing director to develop its schemes proposition.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Hiscox extends PI to new professions
Specialist insurer Hiscox is unveiling five new professional indemnity (PI) products at the British Insurance Brokers' Association conference aimed at new professions such as interior designers and 'green' consultants.
Evolution to push Beazley's PI to brokers
Broker-only commercial underwriting specialist Evolution Underwriting is to manage and develop Beazley's professional indemnity portfolio for UK SMEs.
Lloyd's reveals ambitious 2025 vision
Lloyd's of London aims to be the major global hub for specialist insurance and reinsurance by 2025.
Sky adds Groupama non-standard motor
Groupama is to underwrite cover for modified, prestige and performance cars for specialist broker Sky Insurance Services Group.
BGL creates anti-fraud 'point of quote' facility
BGL has launched an anti-fraud 'point of quote' solution that validates customer data across all channels including aggregation.
Competition with caveats for Burma's insurance sector
The beginnings of competition are to be seen in Burma's insurance industry, as private companies are allowed to offer insurance products for the first time.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Solvency II detractors told to end futile griping
European insurers should stop complaining about the impending regulatory overhaul as they have had ample time to make preparations, according to Old Mutual finance director Phillip Broadley.
Casualty & General opens London office
Gibraltar-based liability insurer Casualty & General has opened a representative office in London as part of a plan to grow the business in the UK, particularly its casualty account.
OIM goes live with e-Underwriting
OIM Underwriting, part of the UK and international operations of Arthur J. Gallagher, has launched its e-Underwriting division.
Ageas posts net profit of €155m in Q1
Ageas Insurance's net profit grew by 15% in the first quarter to €155m.
Extraterritorial regulation prevents firms entering foreign jurisdictions
Extraterritorial regulation is preventing financial firms from entering overseas jurisdictions, according to a recent survey.
NIG's Moakes targets East Anglia brokers
Commercial insurer NIG is continuing to bolster its regional offices, recruiting Gill Moakes, pictured, from broker Scrutton Bland to be senior business development manager covering East Anglia.
Cloud adoption may be hampered by poor risk assessment
Organisations' decisions about adopting cloud computing must be made with a full view of the risks involved, according to Marsh.
Sabre's profits fall as claims rise 55%
Motor insurer Sabre has filed accounts showing gross written premiums for 2011 up more than 8% to £170.1m. (2010: 156.9m) but profit fell.
Casualty & General opens first office in London
Gibraltar-based liability cover specialist Casualty & General Insurance Company (Europe) has opened a representative office in London as part of plans to grow its business in the UK, particularly its casualty account.
MMA appoints ex-Ecclesiastical man Casserley as schemes manager
MMA Insurance has named former Ecclesiastical development team member Liam Casserley as schemes account manager as part of a bid to build on 50% growth achieved by the firm last year.
Haste reported not to want Aviva job
Former RSA boss Andy Haste, pictured, speculatively tipped to take over running Aviva after Andrew Moss' sudden departure, does not want the job, the Sunday Telegraph reported.
Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
Quindell buys Simon Hall to run motor arm
Insurance claims outsourcer Quindell Portfolio has named Simon Hall as chief executive of its Quindell Motor Services arm having bought his firm, Simon Hall Associates, for £2.5m.