News
Towergate ties-up trio of acquisitions
Towergate has taken its total number of acquisitions so far in 2013 to three.
Hill Dickinson swoops for DLA Piper Sheffield and Manchester practice
Law firm Hill Dickenson has picked up the majority of DLA Piper’s defendant insurance practice in Sheffield and Manchester.
GI firms valued upwards of £100m drops 15% in 2012
The number of general insurance companies valued at over £100m dropped by almost 15% last year, according to research carried out by industry advisory firm IMAS.
Outlook for global reinsurers stable but pricing to stagnate, says Fitch
The outlook for the global reinsurance sector remains stable, as capital, underwriting and operating trends are expected to support reinsurers' ratings over the next one to two years, according to Fitch.
Argo hires general liability underwriter from Besso
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed Vanessa Lampard as an underwriter in its general liability team.
Eiopa launches LTGA consultation
The European Insurance and Occupational Pensions Authority launched today a technical assessment of the long-term guarantee package agreed by the European Parliament, the Council of the EU and the European Commission in the context of the Omnibus II…
Worsening economic outlook pushes up IPT
Several governments across Europe have ramped up insurance premium tax rates in response to finance deficits and a worsening economic outlook, research has shown.
Argo International looks to Besso for underwriting director
Argo International has recruited Besso’s director of underwriting to serve in its general liability team.
Covéa hands head of financial crime role to ex-police chief
Covéa Insurance has appointed Steve Jackson, former senior fraud manager at Zurich as head of financial crime.
Axa Assistance marks roadside recovery deal with Footman James app
Axa Assistance UK has developed a smartphone application offering breakdown assistance for Footman James customers.
Morgan Stanley linked to Paymentshield sale
Towergate has asked Morgan Stanley to help find a buyer for Paymentshield according to reports.
Admiral in Lyons Davidson acquisition talks
Motor insurer Admiral is in talks to purchase law firm Lyons Davidson according to press reports.
Fire and natural catastrophes top business concerns in Asia, says Allianz
Business and supply chain interruption caused by natural disasters is the number one risk faced by companies in Asia according to the Allianz Risk Barometer 2013.
Indian regulator asks for fraud review at insurers
The Insurance Regulatory and Development Authority in India has sent a letter to the chief executives of insurers and reinsurers in India setting out its fraud regulatory framework.
Ace appoints underwriting manager in south east Asia
Jason Keen, Ace's head of property and casualty in Singapore, is to take up a new role as head of regional underwriting strategies for south east Asia.
Queensland losses to exceed AUS$50m
Tropical cyclone Oswald has caused heavy rain in Queensland leading to three deaths, injuries, several missing people and damage to property.
Apil and Mass launch judicial review of RTA personal injury scheme
The Association of Personal Injury Lawyers and Motor Accident Solicitors Society have launched a judicial review of the Justice Secretary's decision to reduce the amount of fees payable for cases conducted through the road traffic accident personal…
Mapfre to offer en route breakdown assistance in Turkey
Mapfre's Turkish subsidiary has set up what it claims to be the country’s first roadside Assistance fleet, specializing in repairing breakdowns that occur whilst en route.
McLarens launches expanded Bristol office
Commercial claims loss adjuster McLarens is to target the South West of the UK for growth, setting up a new, enlarged office in Bristol.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Polish Treasury may sell PZU stake to fund investment programme
The Polish Treasury has revealed it could sell its stake in Warsaw-listed insurer Powszechny Zakład Ubezpieczeń to finance its flagship investment programme, the deputy treasury minister said.
Brightside chalks up 12% increase in annual policy sales
Brightside built on its annual policy sales by 12% last year, taking its total for 2012 to 400 210.
Sony fined £250,000 for Playstation data breach
The UK Information Commissioner’s Office yesterday confirmed that it has fined Sony £250,000 for a ‘serious breach’ of the Data Protection Act.
London, Leeds and Bradford residents most likely to make theft claim
Homeowners in London, Leeds and Bradford are the most likely to make a claim for theft or burglary and are paying 20% more for their home insurance, according to Money Supermarket.