News
Lancashire appoints Gregory as UK CEO
Lancashire Holdings group chief underwriting officer Paul Gregory has been appointed chief executive of Lancashire Insurance Company (UK).
Hiscox grows GWP by 2.3% in Q1
Hiscox grew gross written premiums by 2.3% in local currency, with a small decrease in sterling to £501.6m (2013: £506.1m) in the first quarter of 2014, as it continued to shrink its reinsurance book.
17 injured in Tokyo quake
A magnitude six earthquake south of Tokyo disrupted transport and injured 17 people.
White House to warn climate change is already here
The National Climate Assessment, a report compiled by 300 leading scientists and experts, is set to reveal the US is already suffering from the affects of climate change.
DLA Piper appoints head of corporate, Asia
DLA Piper has appointed Paul Chen as head of corporate, Asia and will be based in Hong Kong.
SRA to launch minimum terms consultation
The Solicitors Regulation Authority will launch a consultation next week on whether the minimum terms for solicitors' professional indemnity should be revised.
RSA appoints Coffey as MD of private client division
RSA has appointed Mark Coffey as managing director of its private client division.
Spencer launches broadside against insurers in first speech as Apil president
John Spencer warned insurers that the personal injury fraternity “will not roll over and give up” in a combative first speech as president of the Association of Personal Injury Lawyers.
Direct Line inks £1.2m deal for Trak M8 self-install telematics
AIM-listed telematics provider Trak M8 has completed a deal to provide all self-install telematics devices to Direct Line Group.
Mike Hallam promoted to head of technical services at Biba
The British Insurance Brokers’ Association’s head of technical services Steve Foulsham has retired after eight years at the trade body and will be replaced by Mike Hallam.
Telematics to improve motor profitability, claims Fitch report
Telematics devices are likely to improve the profitability of motor insurers by assisting in the better pricing of risks, according to Fitch Ratings.
DLG points to competitive conditions after GWP drop in Q1
Direct Line Group has attributed competitive market conditions in UK personal lines for a 5.1% slide in gross written premium in the first quarter of the year compared with Q1 2013.
Towergate in FCA talks over mis-selling
Towergate is in discussions with the Financial Conduct Authority over issues around the sale and advice of two Towergate Financial products.
Sompo Japan completes acquisition of Canopius
NKSJ Holdings subsidiary Sompo Japan Insurance has completed its acquisition of Canopius after all necessary regulatory approvals for the transaction were obtained.
MP tables early day motion praising Esure and Thatcham for AEB efforts
Esure and Thatcham Research were praised for efforts towards raising publicity around autonomous emergency braking systems in an early day motion tabled at Westminster yesterday.
Oval snaps up Northern Irish broker Trotter and Reid
Oval has acquired the business of independent Northern Ireland broker Trotter and Reid for an undisclosed sum.
ING offered €1.275bn of funding before insurance IPO
Dutch financial services firm ING Group has secured €1.275bn of funding in its European and Japanese insurance division NN Group from three Asian investors.
Poon moves to chairman at Hong Kong Federation of Insurers
Jimmy Poon, CEO of Dah Sing Insurance, has been appointed chairman of the Hong Kong Federation Insurers and a councillor of HKFI’s General Insurance Council for 2014/15.
Insurance fraud tipped to rise amid tough economic conditions
The current economic climate is expected to lead to an increase in the number of consumers willing to commit insurance fraud, according to a You Gov survey commissioned by Equifax.
Gallagher acquires employee benefits consultancy Shilling
Arthur J Gallagher has acquired Hampshire-based employee benefits communication consultancy Shilling.
David Hall to leave Aviva for QBE
Aviva corporate and specialty risk managing director David Hall is to leave the business.
Rebranded BLM becomes £100m business following HBM Sayers merger
Berrymans Lace Mawer has rebranded as BLM having formally combined with Scottish firm HBM Sayers to form a £100m business.
Willis appoints Everling as Netherlands boss
Willis has appointed Jeroen Everling as chief executive of Willis Netherlands effective from 1 June.
APC unveils PI team and new products
Commercial underwriter APC has launched a professional indemnity underwriting team and expanded its product offering in that area.