News
ING confirms float of European insurance business
ING has confirmed plans to float Dutch insurance and investment business NN group on the Euronext Amsterdam index.
Perils revises Windstorm Xaver loss estimate up by €32m
Independent Zurich-based loss data provider, Perils has disclosed its third loss estimate for windstorm Xaver.
Organic growth named top priority for MGAA members
Organic growth has been named the top strategic priority for members of the Managing General Agents’ Association over the next three years, according to the first MGAA Matters survey.
ULR Additions sold to claims investment group
Legal expenses provider ULR Additions has been sold by founders Alan and Birgitt Macalister to an investment group specialising in claims management firms, Post can reveal.
Bangladesh insurer signs training agreement with CII
Bangladesh general insurer Green Delta has signed an agreement with the Chartered Insurance Institute to provide training for insurance professionals.
Australian homebuyers warned over rising premiums as climate changes
An Australian consumer watchdog Choice and Australia's Climate Institute are warning homebuyers to factor in rising premiums as a result of climate change.
Allianz working to protect Bristol staff at risk of redundancy
Allianz is hopeful around half of the 41 employees at risk of losing their jobs due to the planned closure of its Bristol business insurance centre will be found roles within the group.
Prosight bolsters underwriting team with multiple hires
Prosight Specialty Underwriters has appointed David Dunning as chief financial officer alongside a number of appointments in its underwriting team.
Ifed investigation leads to four 'crash for cash' arrests
Four people have been arrested in dawn raids following months of investigation by the Insurance Fraud Enforcement Department into a suspected ‘crash for cash’ gang.
Simmons becomes Ecclesiastical's first UK commercial director
Ecclesiastical has appointed Kevin Simmons to the newly created role of commercial director in its UK general insurance business.
Riot damages cap proposed in Queen's Speech
The government has signaled its intention to limit the compensation insurers can receive following riots with a series of amendments proposed in the Queen’s Speech this morning.
Hiscox adds two more to London D&O unit
Hiscox has added two more new hires for its London market management liability team, having previously recruited a duo from QBE and Allied World.
Broker Network recruits from CCV for business development boss
Broker Network has taken a new head of business development from Towergate-owned CCV Risk Solutions.
Brit poised for promotion to FTSE 250 exchange
Brit Insurance is to be included on the FTSE 250 index on the London Stock Exchange as part of a quarterly reshuffle of listed firms.
Axa motor boss Byford to head up retail underwriting at ERS
ERS has hired Axa’s head of motor personal lines intermediary Jon Byford to head up retail underwriting at the broker-only motor insurer.
RFIB launches insolvency protection
Independent broker RFIB has launched a financial resource policy, led by Ironshore Europe.
Barbican launches tech errors and omissions facility
Barbican Insurance Group has established a new technology errors & omissions consortium to underwrite technology errors & omissions business on a worldwide basis
Peak Re starts life and health book
Hong Kong-based reinsurer expands by gaining a life license and building a new team.
IAG CEO calls for investment in natural disaster mitigation
IAG's CEO Mike Wilkins wants the Australian government to invest in making communities more resilient.
Aggressive driving making Singapore road users feel unsafe, says Axa
As Axa Singapore launches a driver behaviour app, the insurer says three out of five drivers in Singapore feel unsafe.
Industry gets behind FCA call to push conduct up board agendas
Regulator’s CEO asks firms to detect conduct issues earlier
Insurers vie for RSA broker motor business despite ‘unsustainable’ label
LV and Zurich among the major insurers looking to capitalise on RSA’s motor cuts
Ifed dismisses ‘London-centric’ tag and defends conviction statistics
ABI funding of Ifed to increase despite £105 000 cost to industry per prosecution
Adding 1 eyes regional brokers after reforming as an MGA
Former Jersey-based intermediary Adding 1 has reformed as a managing general agent and is targeting independent brokers across the UK.