News
Marsh reports steady growth over past nine months
Marsh’s broking arm saw a 4% increase in total revenue over the past nine months, up to $4.4bn (£3.63bn) from $4.2bn (£3.47bn) in the same period last year.
Transactor to host Pukka's commercial vehicle scheme
Transactor Global Solutions has partnered with Pukka which will see the MGA’s soon to be launched commercial vehicle scheme distributed via the Transactor software system.
NFU Mutual launches new service to help small farm holdings thrive
NFU Mutual has launched a new policy aimed at helping small farm holdings survive the current economic climate.
Markerstudy to launch commercial insurance broker
Markerstudy will launch a new commercial insurance brand next month.
Insurers netting extra £1.5bn from monthly motor instalments
Motor insurers are earning an extra £1.5bn a year from motorists paying their premiums on a monthly rather than an annual basis.
Industry highlights importance of cyber cover following Friday's attacks
Brokers and insurers have highlighted the growing necessity for cyber cover following Friday’s high profile cyber-attack.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Ex-FBI cyber chief James Trainor joins Aon Risk Solutions
Aon Risk Solutions has appointed a former Federal Bureau of Investigation agent to its cyber solutions group.
Five firms affected by FCA's system outage last month
The Financial Conduct Authority has confirmed that five firms were unable to submit reports following a system outage last month.
Five insurers launch Blockchain pilot
Five of the largest insurers have joined forces in a pilot scheme to test the impact of Blockchain on the industry.
Blenheim Syndicate launches with capacity of £150m
Blenheim Syndicate has been granted permission by Lloyd’s to launch, with a capacity of £150m for year one.
Typhoon Haima destroys crops and homes in Guangdong
Typhoon Haima shut down Hong Kong last Friday, caused around $500m (£400m) of economic losses in Guangdong and killed at least 13 people in the Philippines.
Punch swaps Willis Re for JLT Re in Asia
Stephen Punch will be in charge of regional clients and retrocession in Asia-Pacific for JLT Re from early next year.
Bluefin CEO says Marsh acquisition talks are ‘no surprise’
Bluefin said there is “no surprise” that there is speculation over the sale of the business to Marsh.
Axa to merge life and general insurance businesses in Singapore
Axa will merge its life, health and general insurance businesses in Singapore from 1 January 2017.
Axa eyes Bluefin sale, says report
Axa is in talks to offload its UK commercial broking operation Bluefin to international broking giant Marsh according to Sky News.
IUMI to open Asia office in Hong Kong
The International Union of Marine Insurance is set to open an Asia office in Hong Kong.
China Oceanwide to buy Genworth
Chinese investment firm China Oceanwide Holdings has bought struggling US mortgage and life insurer Genworth Financial for $2.7bn (£2.2bn) in cash.
Zurich's Karl Helgesen to replace RSA's Bill Paton as claims director
RSA’s Bill Paton is to step down as claims director for the UK, Western Europe & Middle East at the end of April 2017. He will be succeeded in the role by Zurich's Karl Helgesen, pictured.
Rise in pet insurance fraud pushes case for data sharing
A 400% rise in pet insurance fraud means that insurers need to share data over claims, a software company has warned.
Principal to boost motorcycle offering with Tansar deal
Principal Insurance has teamed up with non-standard motor underwriter Tansar to add to its motorcycle insurance offering in Ireland.
Howden to combine UK operations under single management structure
Howden, the retail broking arm of Hyperion, is set to combine its UK operations under a single management structure following numerous acquisitions.