News
RFIB recruits Howden’s Dyke for non-marine international ops role
Lloyd’s broker RFIB has swooped for Howden’s head of operations Richard Dyke to take on a role as non-marine international division operations manager.
ECIC launches construction gear theft cover
Specialist insurer Electrical Contractors Insurance Company has launched a new cover against theft of plant equipment used on construction sites.
Walsh PI rebrands as Triton Adjusting
Triton Global's adjusting division Walsh PI has rebranded as Triton Adjusting with immediate effect.
Officials warn of threats to life from Typhoon Neoguri
AIR Worldwide has issued an alert on the potential impacts of Typhoon Neoguri, expected to affect parts of Japan, including high waves, heavy rain and damaging storm surges.
Spencer joins NN Group as international insurance CEO
Former Aviva UK and Ireland chief executive Robin Spencer has been appointed chief executive of international insurance at NN Group.
Market pressures driving price decreases at July renewals
Market pressures at 1 July renewals are continuing to drive price decreases across most countries and lines of business, according to Guy Carpenter.
Capital investment sparks £1.2m tech upgrade at Bollington
Bollington Insurance Brokers has responded to demand for more interactive services by investing £1.2m in new software and call handling systems.
Stephenson appointed as Cooper Gay and NMB reinsurance CEO
Cooper Gay and Newman Martin and Buchan have appointed Martin Stephenson as chief executive for their combined reinsurance business.
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Rural Insurance to terminate relationship with Broker Network
Rural Insurance managing director Ian Barclay has attributed a strategy of getting closer to brokers as the major factor behind his firm’s decision to sever ties with Towergate’s Broker Network.
Court orders AIG to pay Ageas £12.6m in Kwik Fit case
The High Court has ordered AIG to pay Ageas £12.6m in its long-running dispute over liabilities relating to Ageas's £215m acquisition of Kwik Fit's insurance arm in 2010.
Tougher jail sentences needed to protect heritage, says Ecclesiastical
The innate vulnerability of many of the Britain’s heritage buildings makes the threat of tough prison sentences vital to combat heritage crime, heritage specialist Ecclesiastical has told the government.
Costa Concordia may re-float this week
Wrecked cruise liner the Costa Concordia may be re-floated as soon as the end of this week as work continues to salvage the vessel.
Supervision, contract law reform and sanctions are top IUA concerns
Supervision by the Financial Conduct Authority and Prudential Regulation Authority, reform of UK insurance contract law and international trade sanctions are the top regulatory concerns for members of the London companies market.
AGCS appoints sernior CMT and cyber underwriter
Allianz Global Corporate & Specialty has appointed Graeme King as the senior underwriter responsible for communications media and technology and cyber.
Traditional insurers risk losing customers in digital age
Traditional insurers face losing out to new entrants as people increasingly use the internet to hunt out cheaper policies and more tailored services, a new PwC report found.
Alps launches sole trader legal expenses cover
Auto Legal Protection Services has launched a wholesale sole trader legal expenses cover.
Switzerland's Helvetia and Nationale Suisse to merge
Helvetia and Nationale Suisse have agreed the terms of a merger, which will see them create a new Swiss insurance group.
Former Fusion regional development manager joins Essex-based MGA
Essex-based MGA Incorporated Insurance Group has hired Ian Chapman as its regional development manager based in Leeds.
Ace acquires Brazilian P&C insurer
Global insurer Ace has agreed to acquire the large corporate property and casualty business of Brazil-based Itaú Seguros from Itaú Unibanco for approximately $685m. Upon completion of the transaction, Ace will be the largest commercial P&C insurer in…
Amlin increases stake in Leadenhall Capital Partners
Amlin has reached a non-binding agreement to increase its stake in investment manager Leadenhall Capital Partners.
Biba welcomes TSC's 'positive' whiplash proposals
The British Insurance Brokers’ Association has welcomed the Transport Select Committee’s latest whiplash report saying it supports “changes to protect innocent customers from the added cost of fraudulent insurance claims”.
ABI slams 'misguided' SRA decision on mandatory PI limit
The ABI has criticised the Solicitors Regulation Authority’s decision to reduce the level of mandatory professional indemnity cover for solicitors to £500 000, calling it “misguided”.
Fundamental dishonesty change will have 'unintended consequences' warns MASS
Lawyers from the claimant fraternity have raised concerns over the Transport Select Committee’s latest motor report, with the proposal to strike out claims for fundamental dishonesty and changes in the small claims track singled out for criticism.