News
Ace hires three international managers
Ace has made three new leadership appointments in its sales and distribution team as part of a strategy to strengthen local relationships with customers and brokers.
Reports name ex-Aviva director Biggs as possible Direct Line chairman
Former Aviva director Mike Biggs has been offered the coveted role of Direct Line Group chairman by bosses at RBS, according to reports this morning.
Assured Guaranty faces possible ratings downgrade
Moody's has placed the Aa3 insurance financial strength ratings of Assured Guaranty Municipal, Assured Guaranty Corp and their affiliated insurance operating companies on review for a possible downgrade.
Earthquake hits Oaxaca in Mexico
An earthquake has hit south west Mexico close to the popular holiday destination of Oaxaca.
Insurer IT spend to hit $158bn by 2014
Global information technology spending by insurance companies is expected to reach $140.6bn (£88.7bn) in 2012, an increase of 6.3% over 2011, according to research firm Celent.
Ecclesiastical reveals £16m underwriting loss
Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.
Oval boss Blanc dismisses Gallagher bid speculation
Incoming Oval chief executive Peter Blanc has poured cold water on rumours that his firm would be receptive to a possible buy-out approach from Gallagher Heath.
AIR and RMS agree multi-year data sharing deal
Rival catastrophe modelling firms AIR Worldwide and Risk Management Solutions have formed an agreement to share exposure data schemas, in response to the growing numbers of clients using multiple models.
Build Assure launches latent defects product
Federation of Master Builders subsidiary Build Assure has today launched a new insurance product which protects its members and general developers against loss arising from latent defects in new build properties.
AIR poaches Zurich global head of cat modelling
AIR Worldwide has appointed John Elbl as vice president of the firm’s business development group.
Aviva invests in its underwriting capability
Aviva has appointed Ian Ferguson to the role of chief underwriting officer for intermediary and partnerships reporting to Janice Deakin.
Oval shake up sees Blanc take CEO role from Hodson while Herdman leaves
Broker consolidator Oval has confirmed that Peter Blanc will take over from Phillip Hodson as group chief executive.
Giles MD Lyons "on leave"
Sarah Lyons, managing director of Giles, is on leave while the company addresses "contractual issues".
Cunningham, GAB and LAS ready to impress L&G on panel pilot
Cunningham Lindsey hopes to "impress" Legal & General when it takes part in the insurer's claim handling pilot in May.
Beazley takes 25% stake in Equinox Global
Lloyd's insurer Beazley has taken a 25% stake in Lloyd's cover holder and trade credit insurance specialist Equinox Global.
Al-Futtaim launches UAE marine business
Al-Futtaim, the parent company of Arab Orient Insurance, has launched a marine services company.
United Healthcare International in deal to offer service in Middle East
United Healthcare International is to offer international insurance coverage to employers with staff in the Middle East through an alliance with Dubai-based Al Sagr National Insurance Co.
Jelf Clarke Roxburgh promotes Sherwood
Broker Jelf Clarke Roxburgh has promoted Peter Sherwood to regional sales director for the Midlands.
Insurers in Philippines fight proposed capital hike
Insurers in the Philippines have locked horns with the country's Department of Finance over proposals to increase the capital requirements for insurers to P1bn (€17m) by 2016.
Bangladesh regulator to set rate for commissions
The Bangladesh Insurance Development and Regulatory Authority is to revive commission for general insurance business against premiums.
Quake policy uptake in Japan increases 17.5%
Analysts have noted a surge in the uptake of quake policies in Japan following the Tohoku earthquake last year.
Kiln promotes MacMillan to active underwriter
Kiln has appointed Paul MacMillan, pictured, to active underwriter of its aviation division.
Ace bolsters Continental Europe sales and distribution team
Ace has made three senior appointments to its Continental Europe sales and distribution team.
Kiln strengthens aviation division with appointment
Kiln has appointed Paul MacMillan to active underwriter of its aviation division.