News
Liberty Specialty Market expands its presence in Italy
Liberty Specialty Markets will expand its presence in Italy through the acquisition of the Italian Lloyd’s coverholder, Wholesale Binding Authorities.
Van premiums rise by 11%, motor index finds
The average van premium has risen by 11% to £967 a year since 2015, new research from Consumer Intelligence has revealed.
Steadfast's profits and revenues climb in 2015/16
Steadfast, the Australian general insurance broker and broker network, had a solid year of growth in the financial year ending 30 June 2016.
Winnie Wong to return in Hong Kong
Former Aon Hong Kong CEO Winnie Wong is returning to the market at a local insurer.
Ecclesiastical sees a return to more muted results for H1 2016
Ecclesiastical has reported a dip in profits for the first half of the year after a "return to a more normal claims experience compared to an exceptionally benign H1 2015".
Aviva ventures into partnership with Silicon Valley start-up Plug and Play
Aviva has partnered with global digital start-up accelerator Plug and Play in order to develop digital products and services.
Video: How does the Insurance Act affect brokers and their customers?
In this video, LV’s Kevin Hawkins, head of commercial property & liability underwriting talks about the Insurance Act, what the changes are and how they affect you and your customers.
Zurich to shed 20% of executive-level jobs
Zurich will cut 20% of 1900 executive jobs across the group as part of a wider restructure.
AAIS to release new rules filings for drone insurance cover
American Association of Insurance Services has released new filings of Unmanned Aircraft Liability Coverage forms and rules this week, in response to consumer demand for coverage for drones.
Study finds increased demand for terrorism travel cover
Almost three quarters of British tourists would likely purchase additional travel insurance against terrorism if the price was under £5 a fortnight, according to International Travel and Healthcare.
Insurers could be made 'irrelevant' by driverless cars
Insurers could face becoming "irrelevant" in the age of driverless cars according to a survey of drivers.
Beazley increases cover for environmental risk
Beazley has doubled its environmental risk capacity to £50m with the new Beazley Elements consortium at Lloyd’s.
Vienna Insurance Group's profit before tax falls by 17.5%
Vienna Insurance Group has seen pre-tax profits fall by 17.5% in the first half of the year.
FM Global breaks ground on £45m loss prevention facility in Singapore
International commercial insurer FM Global has broken ground on a S$80m (£45m) education facility in Singapore.
Ecclesiastical appoints Chris Withers as head of broker distribution
Ecclesiastical has appointed former Covéa head of distribution Chris Withers as head of broker distribution.
Former Travelers CEO Jay Fishman dies at 63
Former Travelers CEO Jay Fishman died on Friday in his New Jersey home following a battle with a neuromuscular condition.
EPUL appoints ex-Towergate director Andrew Whittaker as new managing director
Specialist commercial insurer EPUL has appointed Andrew Whittaker as it new managing director.
Post People: 22 August - 29 August
The latest people moves in the insurance industry.
Clear Insurance Management joins Group Risk Development
Clear Insurance Management has joined Group Risk Development, the trade body for advisers, providers and reinsurers operating in the group risk market.
Standard Syndicate extends range of cover and appoints new underwriters
The Standard Syndicate 1884 has extended its range of insurance cover and expanded its underwriting team as new appointments and risk covers list high on the company’s agenda.
Matt Field appointed to business manager of Direct Insurance London Market
Lloyd’s specialist schemes broker, Direct Insurance London Market, has appointed a new business development manager for its Northern region.
Chubb expands Clifford's role in Asia-Pacific
Chubb's regional head of casualty for Asia-Pacific Adam Clifford has been given an expanded role.
Chiu takes on Zurich global corporate role in Hong Kong
The founder of Dual Asia has been given a different role at Zurich Hong Kong after running financial lines for Greater China.
IAG posts solid results in 'challenging conditions'
Australian-headquartered giant IAG saw after tax profits fall 14% but insurance profits climb 6.8% for the full year ending 30 June.