News
Blanc pleads for 'pause' in Gallagher's UK buying spree
Arthur J Gallagher's UK retail head Peter Blanc has asked for a “pause” in the broker’s buying spree to allow time for the current businesses to be properly integrated.
Non-exec duo depart RSA board
Two long term non-executive directors have stepped down from their roles at RSA board at the insurer’s May 9 Annual General Meeting.
Novae recruits from Torus for UK & Europe property underwriter
Novae has added to its UK and European property team with the recruitment of Mervyn Albon from Torus Lloyd’s syndicate 1301.
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
Innovation Group pre tax profits down 29%
Claims specialist Innovation Group has unveiled a hefty slump in pre-tax profits for the six months to 31 March.
Capita backing MGA start up Pardus
Capita is to part finance the launch of managing general agent Pardus Underwriting, taking a minority stake in the business.
Flood Re CEO Woolgrove to address Post's Disaster: Risk & Response event
The acting Flood Re CEO Tom Woolgrove has been added to the impressive speaker roster for the upcoming Post event, Disaster: Risk and Response.
Brokerbility unveils Academy website
Independent broker group Brokerbility has today launched the website for its academy, providing help for prospective applicants to the group’s training scheme.
Crawford tipped for Buckley Scott deal
Loss adjusting giant Crawford is looking to grow its construction and engineering presence through acquisition, with Lancashire-based Buckley Scott hotly tipped as a target.
Gable doubles pre-tax profits for 2013
Lichtenstein-based insurer Gable has seen pre-tax profits almost double over the course of 2013, recording a 99% increase on a year-on-year basis.
Ex-Dual director joins Zurich for Greater China role
Dual's former regional managing director of Asia Philip Chiu has been appointed as financial lines manager, Greater China at Zurich.
Tens of thousands hit by huge flooding in Bosnia and Serbia
Over 40 people have died and thousands of people have been left temporarily homeless after three months of rain fell across three days in Serbia and Bosnia.
Vietnam riots cost insurers
Following an outburst of rioting in Vietnam Cathay Century Insurance has had 35 claims from customers which could cost the firm at least $3.5m.
Gallagher restructures retail division
Arthur J Gallagher has restructured its UK retail division with chief executive Peter Blanc signalling the completion of the broker's regional retail broking platform.
Technology and urbanisation among risk megatrends, XL warns
Greater connectivity and technology are intensifying global risks and contributing to the world's current state of volatility, XL's Jacob Rosengarten told the European Insurance Forum today.
Willis weighing 200 UK jobs for relocation or redundancy
Broking giant Willis is planning to either axe or relocate as many as 200 UK roles, with potential destinations including a lower cost location in Ipswich.
Pricing and claims service key for commercial clients Ace survey finds
Competitive pricing, breadth of cover and a high quality claims service were identified as what commercial clients want from insurers, an Ace survey has found.
Agrical forms board of directors amid exec changes
Loss adjuster Agrical has expanded its senior management team with the formation of a board of executive directors.
P&I Club reports $6.6m surplus
The London P&I Club produced a surplus of $6.6m (£3.9m) for the 2013/14 financial year as well increasing its free reserve to $160.6m.
TT Club reports 87.4% COR for 2013
The TT Club reported $186.3m (£108m) in gross written premiums for the year ended 31 December 2013 while maintaining its A- rating from AM Best.
MDS Portugal boss appointed to French network
MDS Portugal chief executive Jacqueline Legrand has been appointed Conseiller du Commerce Extérieur de la France in Portugal by French prime minister Manuel Valls.
Hiscox shareholders voice opposition to exec pay
More than 40% of Hiscox shareholder's voted in dissent of the company's remuneration policy at its recent annual general meeting.
QBE buys remaining 10% stake in Elders Insurance
Australian giant QBE now wholly owns Elders Insurance Underwriting Agency after buying a 10% stake from agribusiness Elders.
Market loss from Flight MH370 could reach $350m
Allianz has revealed the total claims cost for missing Malaysia Airlines flight MH370 could be as much as $350m (£208m).