News
Zurich names global media relations head
Zurich Financial Services Group has appointed Maeve Gallagher to the role of global head media relations, with effect September 1, 2011.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
First Hurricane Irene could hit US
AIR Worldwide has said that Irene became the Atlantic basin's first hurricane of the 2011 season when its winds strengthened to 75mph as it was leaving Puerto Rico's northern coast.
Chesterfield appoints producer broker for North America division
Independent Lloyd’s broker Chesterfield has appointed James Sergeant as a producer broker for its North America division.
Japanese insurer expands into Europe with Dutch acquisition
Nipponkoa Insurance Co has reached an agreement with Ethias NV to acquire all of the shares of the Dutch underwriting agency Nateus Nederland BV.
Misleading insurance advertisers will be named and shamed
City law firm Reynolds Porter Chamberlain has warned that any insurance broker or insurance company that markets its own product can be raked over the coals by the Financial Services Authority for misleading advertising.
Simply Business gives Moneysupermarket SME cover
Commercial insurance broker Simply Business is launching small business insurance on comparison site Moneysupermarket providing the cover under a white label deal embedded in the site.
Prime Professions to work for conveyancers
Professional indemnity insurance broker Prime Professions has been appointed as the new broker for the Council for Licensed Conveyancers’ Master Policy Scheme.
ACI helps Amlin France GWP double but group reports £192.3m loss
Amlin France doubled its gross written premiums for the first half of 2011 compared to 2010, but over the group reported losses of £192.3m before tax (H1 2010: £107m profit).
MMA launches motor trade combined cover
MMA Insurance is bucking the trend of insurer cutting capacity and shrinking their motor trade books by expanding its range with the introduction of a motor trade combined product.
Irish Wrightway puts renewals on EDI
Irish underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI removing the need for paper transactions on renewals.
Giggins to spearhead Miller's Asian plans
Martin Giggins has joined Miller’s Hong Kong office to spearhead the development of its financial services business in the Asia region.
Confidence hit by claims and uncertainties
The latest ICAEW/Grant Thornton UK Business Confidence Monitor shows that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit insurance industry confidence hard.
Bournemouth's streets cracked by floods
More than 60mm of rain fell in Bournemouth between 6am and midday on Thursday last week, and the average rainfall for the whole of August is less than 54mm, according to GAB Robins.
Giggins to spearhead Miller's Asian plans
Martin Giggins has joined Miller’s Hong Kong office to spearhead the development of its financial services business in the Asia region.
Ireland's Wrightway puts renewals on EDI
Ireland’s largest underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI, removing the need for paper transactions on renewals.
Amlin posts £192.3m loss
Lloyd’s insurer Amlin blamed catastrophe claims of £314.3m (H1 20010 £127.1m) that added 34 percentage points to its combined ratio for a pre-tax loss of £192.3m (H1 2010: profit of £107.6m).
Weston broker Marsh & Company to go wholesale
Weston-super-Mare broker Marsh & Company is to recruit two extra staff a year after taking over the commercial insurance operation of Regency Insurance Brokers. It is to develop a wholesale broking division.
RBSI recruits motor commercial director
RBS Insurance has appointed Gus Park as motor commercial director.
Shareholders back Lancashire UK move
At a special general meeting yesterday shareholders of Lancashire approved the company’s plans to shift its tax residence to the UK from Bermuda.
Post Blog: Compliance management - a technological solution
Insurance providers today have to comply with a mountain of regulations spanning different geographic regions, business sectors and service levels.
Zurich Global Corporate appoints COO for North America
Zurich Global Corporate has named Sabrina Hart chief operating officer for Global Corporate in North America (GCiNA).