News
Argo International appoints Novae's Matson director of underwriting
Specialty insurer Argo International has appointed Novae's Peter Matson as its new director of underwriting.
Brokers witness unprecedented surge in riot-related enquiries - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include the news that property insurance enquiries from businesses have soared by up to 200% in parts of London and Manchester.
Corclaim ULR signs Merrell to expand
Claimant motor specialist Mark Merrell has joined Midlands law firm Harvey Ingram’s uninsured loss recovery Corclaim brand as a director.
Ex Mitsui underwriter joins HSB
Former chief underwriter of Mitsui Sumitomo Insurance UK Andy Kane (pictured) has been snapped up by HSB Engineering Insurance.
Towergate wins Confused contract
Towergate Insurance will become the sole provider of business insurance for price comparison site Confused.
CBG Group lands surety bond deal
Insurance broker CBG Group has signed a deal to provide a £700 000 performance bond for the Smith Group UK as part of a multi-million pound construction project.
Coface sees post-recession rise
Recession-hit credit insurer Coface has said half year turnover rose 8% to €764m, compared to the 1st half of 2010 and its combined ratio improved by 12.5 points to 78.3.
Argo names Matson for underwriting
Speciality insurer Argo has said Novae’s former director of underwriting Peter Matson (pictured) will become director of underwriting for Argo International in London.
Marsh raises cash for Help for Heroes
Broker Marsh has said it staff chose to support Help for Heroes as its UK Charity of the Year for 2011-2012 and will raise £150,000 in the next 18 months.
AM Best A-rates Omega at Lloyd’s
AM Best has confirmed its A rating from Lloyd’s insurer Omega but warned the rating is under review with negative implications.
Axa and aggregators make online list
A list of influential online retailers, called 101 Directors Of .COM, has named half a dozen insurance site bosses among a list ranging from supermarkets to sex toy sellers.
Reinsurance market reassured by AM Best there is hope
AM Best said there are hopeful signs emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
Global reinsurance outlook no longer negative
Moody's Investors Service has changed the outlook on the global reinsurance sector from negative to stable reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
CEA appoints Jones as director of economics and finance
The CEA, the European insurance and reinsurance federation, has appointed Ageas head of group risk strategy Olav Jones as director of the body’s economics and finance division.
Marsh appoints Watterson to board for Isle of Man
Broker Marsh has appointed Manx businessman and wildlife expert Ken Watterson as a non-executive director on its board of directors on the Isle of Man.
Link4 responds to Polish brokers class law action news
Link4 has responded to The Polish Chamber of Insurance and Finance Intermediaries' announcement that 35 insurance intermediaries have filed a class action lawsuit for €3m.
Capita Group acquires IMG
Capita Group has acquired Insurance Medical Group for an undisclosed sum.
AM Best offers hope for reinsurance
AM Best says hopeful signs are emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
RBSI to learn from FOS complaints
RBSI has played down figures from the Financial Services Ombudsman showing it is the most complained about general insurer in the country.
Law firm Pannone considers ABS
Pannone is looking at its options to become an Alternative Business Structure having established its affinity solutions division less than a year ago.
Moody's changes global reinsurance outlook to stable from negative
Moody's Investors Service has changed the outlook on the global reinsurance sector to stable from negative reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
Customers happy to buy car insurance online
Around 86% of consumers are comfortable with researching and buying motor insurance online without professional advice, according to a financial research company.
Insurance-linked securities market poised for continued growth
The market for insurance-linked securities is poised for continued growth according to Swiss Re.
Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.