News
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.
One third of consumers want shorter policy wordings
One third of consumers would like to see shorter and clearer policy wordings, according to a survey from Consumer Intelligence.
Aon completes Lorica Employee Benefits purchase
Aon has completed the acquisition of Lorica Employee Benefits, boosting the broking giants own human resource solutions business to more than 400 employees.
Aerospace union appoints HFW partner as legal advisor
The International Union of Aerospace Insurers has appointed Holman Fenwick Willan partner Giles Kavanagh as its new legal advisor.
BP Marsh eyes start-up opportunities
The current tough environment for brokers could create significant investment opportunities for venture capital firms, according to BP Marsh chairman Brian Marsh.
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
Commercial lines hires to boost regional trading at Covéa
Covéa has unveiled six senior commercial lines appointments in a bid to bolster the firm’s regional trading capability.
Liberty looks to Willis for fine art role
Liberty Specialty Markets has appointed Ross Drabble as deputy class underwriter for fine art and specie.
Former Aviva boss Moss resurfaces at Parker Fitzgerald
Former Aviva chief executive Andrew Moss has been named chairman of the advisory board at professional services firm Parker Fitzgerald.
A-Plan's PE owners planning sale, states report
Retail broker A-Plan is gearing up for a £300m sale, according to Sky News.
Queensland to spend A$51m on disaster mitigation
Insurance Council of Australia welcomes Australian state's spending on disaster mitigation but criticises stamp duty policy.
Broker estimates potential aquaculture insurance premiums at $3bn
A senior broker estimates the fish farming or aquaculture insurance market could be worth as much as half of the $6bn Chinese agriculture insurance market.
Warning over ride-sharing in Australia
The Insurance Council of Australia is urging Australians to be aware of the potential impact car ride-sharing services might have on their motor vehicle insurance.
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.
FCA sharpens focus on wholesale market
Financial Conduct Authority chief executive Martin Wheatley today emphasised the regulator's shift in focus to the commercial insurance market.
Lockton snaps up Motorsport specialist
Broker Lockton has completed the acquisition of Leeds-based motorsport broker, MIS Motorsport.
IIG to offer rated solution to brokers placing demolition risks
Incorporated Insurance Group has launched a demolition contractors’ liability scheme in a bid to support brokers who have previously been forced to delve into unrated markets.
Markel hires Apple's global business intelligence manager
Markel International has appointed Neil Winters as head of information management and application services.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.
Aon Benfield senior broker Willmont joins Canopius
Canopius has appointed Sarah Willmont from Aon Benfield to take on the position of deputy divisional underwriter for its property treaty division.
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.