News
Tempo directors eye capacity providers and team hires following launch
The directors behind the launch of multi-line MGA – Tempo Underwriting – are hoping to forge a strong relationship with the broking fraternity after outlining their criteria for imminent team hires.
Capita hires National Australia Bank boss Holm as commercial director
Capita Insurance Services has appointed former National Australia Bank head of insurance John Holm as commercial director.
Fraud prevention in mind as Admiral appoints supplier CRIF
Admiral has appointed CRIF Decision Solutions as its new supplier for the automation of processes to support fraud prevention during the purchasing process.
Faber Global expands in Asia with Singapore office
Faber Global, the facultative and wholesale reinsurance arm of Willis Group, has increased established a presence in Singapore to cover facultative reinsurance for Singapore and Asia.
Future Generali targets rural segment with microinsurance product
Generali’s Indian joint venture Future Generali has launched a microinsurance product for rural business owners.
Biba "disappointed" with IMD revisions
The British Insurance Broker’s Association said it was “very disappointed” by the five year timetable set for mandatory commission disclosure in the draft version of the Insurance Mediation Directive II.
IMD II to spark regulation for adjusters, claims managers and aggregators
Legal experts believe the European Commission’s latest Insurance Mediation Directive – IMD II – will lead to tighter regulation for loss adjusters, claims management companies and aggregators.
Quindell division delivers record licence pipeline results
The Quindell software and consulting division has finished the first half of 2012 with licence pipelines at record levels, following a Q2 in which multiple new insurance and telecoms contracts and extensions were sealed.
Brightside lands Debenhams car insurance deal
Brightside has signed a contract with department store Debenhams managing the retailer's car insurance offering.
Unprecedented rise in third party accidents, claims IFA report
Claims management companies are to blame for an 18% increase in the number of third party accidents involving bodily injury over the past year, according to the Institute and Faculty of Actuaries’ annual report.
Novae Re exodus to damage reinsurance book
The resignations of the chief executive of Novae Re’s Zurich operation Gunter Saacke, chief underwriting officer Will Schuerch and 10 underwriters have sparked concerns that the insurer cannot retain business written by certain divisions.
Biba slams European timetable for commission disclosure
The British Insurance Brokers’ Association has accused the European Commission of ignoring the views of major financial and insurance bodies in its decision to impose a timetable to mandate disclosure of insurance commissions.
Solvency II implementation date confirmed
The 1 January 2014 implementation date for Solvency II was confirmed by the European Parliament today.
Yutree reaches partnership agreement with Pro Sight
Yutree Underwriting has launched an exclusive partnership with Pro Sight Specialty Insurance.
William Russell re-brands and launches new website to 'remain competitive'
Expatriate insurance specialist William Russell is launching a major re-brand to coincide with its 20th anniversary in the industry.
Markel appoints trade credit analyst in Singapore
Markel International has appointed Rufin Majid as trade credit analyst in its Singapore office.
IMD draft confirms mandatory disclosure for GI brokers by 2017
A draft of the revised Insurance Mediation Directive released by the European Commission has confirmed broker’s fears regarding commission disclosure.
Allianz tops 2011 non-life rankings for premium income
Allianz retained its place as Europe's top non-life insurer in 2011, according to Spanish insurer Mapfre's non-life rankings published today.
Property owners' product launched by Aspen
Aspen has launched a specially-designed property owners’ insurance product, in a bid to help policyholders get to grips with the “growing issue” of underinsurance.
Cunningham Lindsey sets deadline for claimant visits
Cunningham Lindsey is aiming to visit all claimants impacted by recent adverse weather conditions by the end of the week, after settling 28% of claims received since 8 June.
Guernsey domiciled entities continue to grow
The number of international insurance entities licensed in Guernsey grew by 52 during the first five months of 2012.
International loss adjusters VRS elect new president
The board of VRS Adjusters has appointed of Michael Arbour as its new president with immediate effect.
Crawford nabs Cunningham Lindsey COO for EMEA role
Crawford & Company EMEA/A-P has appointed former Cunningham Lindsey UK chief operating officer and chief finance officer John Jenner to commercial director and director of strategy & performance development for the region.
Guernsey issues 63 insurance licenses in 2012
Guernsey issued 63 new licenses to international insurance entities in the first five months of this year.