News
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
International insurers’ London presence to diminish amid increased competition
Analysts expect other firms to follow in Beazley’s footsteps by looking elsewhere
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
Aviva seeks consultation on cashless compensation for minor motor injuries
Claimant lobbyists dismiss proposals in insurer’s report as ‘ludicrous’
Significant rate increases likely after disastrous period for aviation market
Sector facing highest losses since 9/11 following spate of tragedies in 2014
Axa aims to be 'major player in Scotland' as it completes management team
Axa’s Scottish branch has filled two senior sales and underwriting roles, completing the branch’s management team.
Compass adds £20m in GWP with four recruits
Gallagher-owned network Compass Broker Services has added four new members to its ranks, boosting total gross written premium to more than £550m.
Howden opens Channel Islands office
Howden Broking Group has launched a Jersey-based Channel Islands operation led by Henry Burton who previously worked in the group's London office.
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.
Deloitte appoints agents for Gherkin sale
Deloitte has picked a pair of estate agents to oversee the sale of 30 St Mary Axe, better known as The Gherkin, after the building fell into receivership in April this year.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Lloyd's coverholder promotes two in Hong Kong
SART Underwriting, a Lloyd's coverholder based in Hong Kong, has made two promotions.
Australian broking group expands with two investments
Sydney-based broking group Austbrokers has invested in a broker and underwriting agency in Australia.
Shares slump at QBE after profit warning
Australian giant QBE has announced its first half results are likely to miss profit expectations by almost A$200m ($188m).
Former Bupa claims boss slapped with £5k compensation order
A Bupa claims manager who was convicted of stealing thousands from his employer has will pay £4800 in compensation.
Former RSA director joins Ryan Direct Group board
Former RSA group executive director Paul Donaldson is to join Ryan Direct Group as a non-executive director from September.
Towergate acquires Lovat and Watt UK
Towergate has completed deals to acquire a pair of brokers based in Tunbridge Wells and Manchester.
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Masojada hails underlying currencies growth but remains cautious on full year
Hiscox chief executive Bronek Masojada has hailed premium growth in underlying currencies during the first half of 2014 despite the firm posting reduced gross written premiums for the first six months.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Dutch insurers facing 20% bonus cap
The Dutch government is weighing measures on remuneration that could force insurers to limit bonuses to 20% of fixed salary for all employees.
58% of British drivers unsure of EEC coverage
Almost two-thirds of British drivers don’t know if they are covered to drive in the European Economic Community, or believe that they are not covered according to a survey by Be Wiser.
Zenith launches ‘world first’ motor sharing product
Zenith Insurance has teamed with Easy Car Club to launch what it claims is a world first cover for car and van owners looking to participate in the vehicle sharing schemes.