News
Marsh report highlights falling UK insurance rates last quarter
Insurance rates in the UK mirrored those of Continental Europe and Asia-Pacific in falling in the fourth quarter of last year, according to Marsh’s latest global insurance market quarterly briefing.
Direct Line founder Peter Wood on broker battles and kicking cats
The founder of Direct Line has described “getting out alive” as his best experience of the 1995 British Insurance Awards.
ANV eyes Lloyd’s expansion as it diversifies from marine business
ANV is looking to grow its presence in the Lloyd’s market and is actively engaged in acquisition talks, chief executive Matt Fairfield has told Post.
RSA commits to Edinburgh by opening new trading site
RSA has opened a new trading site in Edinburgh following feedback from brokers in the region.
ICAT and Ariel partner on US SME cat coverage
US property catastrophe insurer ICAT has partnered with Ariel Syndicate to deliver additional risk capacity to catastrophe-exposed small and medium sized businesses in the US.
ANV announces Syndicate 1861 restructure
Netherlands headquartered specialty insurance business ANV Holdings has announced a restructure of its underwriting leadership within ANV Syndicate 1861.
Enterprise issues Leeds United winding up petition
Leeds United Football Club is facing a winding up petition from its shirt sponsor, unrated Gibraltarian insurer, Enterprise.
Tracker to explore European expansion as DLG agrees terms with Lysanda
Direct Line Group has completed the sale of stolen vehicle recovery and fleet tracking telematics provider Tracker to Lysanda.
Hester hire enables RSA to remove 'for sale' sign, claim analysts
RSA’s appointment of Stephen Hester to the role of group chief executive has served to remove the ‘for sale’ sign that was rumoured to have hung over the company, according to analysts.
High-net-worth insurers fight Flood Re exclusion of highest council tax bands
Properties in band H will not be covered but insurers still have to pay levy
Insurers told to prepare for ‘seismic’ impact of driverless vehicle technology
ABI set to attend Valentine’s Day government summit on driverless cars.
ABI rejects suggestions mesothelioma payout will increase to 100% over time
Asbestos Victims Support Group Forum attacks exemption U-turn.
Brokers could be probed in personal accident policy mis-selling investigation
Shadow business secretary accuses six employment agencies of mis-selling.
Insurance CEOs optimistic about revenue growth
The majority of global insurance chiefs believe they will grow their businesses over the next three years, research from PwC has found.
Norton Rose Fulbright appoints McDaid as partner in Hong Kong
Law firm Norton Rose Fulbright has announced the appointment of Declan McDaid as a partner in the Hong Kong office. McDaid joined from Hong Kong firm Deacons, where he was a partner in the insurance practice.
SSP won eight clients in Australasia last year
Insurance technology house SSP signed up eight clients in New Zealand and Australia last year and launched its telematics service.
Munich Re's reinsurance division operating profits down 19%
In 2013, according to Munich Re's preliminary results, operating profits at its reinsurance arm reduced from €4.3bn in 2012 to €3.5bn last year (a reduction from €3.1bn to €2.8bn in its consolidated result).
HCC hires Calderbank for PI role
HCC International has appointed Simon Calderbank to its London professional indemnity division to focus on information technology and communications risks.
RSA stock climbs 3% after Hester appointment
RSA’s share price has spiked in late trading after the insurer announced it had recruited former RBS chief executive Stephen Hester.
Former RBS boss Hester appointed RSA Group CEO
RSA has named Stephen Hester as group chief executive and a director of the company, filling the vacancy left following Simon Lee’s exit.
Police Mutual expands with Forces Financial deal
A mutual insurer supporting 200 000 police officers and their families is to expand with the acquisition of a provider of financial products to the military and police.
GSII capital requirements must strike right balance, says Insurance Europe
Basic capital requirements devised by the International Association of Insurance Supervisor for global systemically important insurers need to strike a balance between risk-sensitivity and complexity, Insurance Europe has said.
Axa hits back at 'ludicrous' motor profit allegations
Axa has challenged Thompsons Solicitors to provide evidence of wrongdoing following allegations the insurer was failing to meet an International Financial Reporting Standards requirement in relation to revealing how much profit it generates.
Carole Nash prepares to roll out multi-car classic policy
Carole Nash is extending its cherished cars portfolio with the launch of a multi-car policy for classic vehicles.