News
CII opens consultation on changes to chartered status
The Chartered Insurance Institute has released a consultation paper seeking feedback to proposed changes to the standards underpinning chartered status for insurers and brokers.
Lockton urges fire safety ahead of scheduled firefighters’ strike
Lockton’s Real Estate and Construction group has warned that property owners and developers could be at risk during tomorrow’s Fire Brigade Union strike because 80% of them do not have a current fire insurance valuation of their property assets.
BGL unveils new chief information officer
BGL Group has appointed Stuart Walters as its new chief information officer.
Riot Damages Act recommendations could lead to improved underwriting
Recommendations in the independent review of the Riot (Damages) Act 1886 could be a blessing in disguise for insurers according to industry insiders.
Bupa and UK Sport extend partnership deal
Bupa partnership with UK Sport is set to continue until March 2014.
Booth promoted to active underwriter for Syndicate 1955
Barbican Group has promoted David Booth to the position of active underwriter, Syndicate 1955.
Cloud-based portal for schemes brokers launched
Wonder Holdings has announced the formation of a new subsidiary, The Broker Cloud, a portal dedicated to scheme brokers and niche traders in insurance.
Increased typhoon activity in East Asia expected, says Munich Re
Overall insured losses from weather events in the last three decades in East Asia have hit $6bn as floods and typhoons increase. The situation could be about to worsen.
Good fourth quarter renewal prospects for airlines, says Willis
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Airline insurance buyers to benefit from high capacity and competition
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Telefónica partnership offers first telematics product in Germany
Telefónica has partnered with Sparkassen Direktversicherung to bring the first insurance telematics product to Germany from this month.
Willis sidecar backed by Agencyport software
Willis’ recently unveiled Global 360 capacity initiative is to use risk exposure software from Agencyport.
Insurer Cloud goes live
The Insurer Cloud is now fully operational at its newly acquired offices in Basingstoke, Hampshire.
Telematics key in combatting motor fraud, according to Octo
Octo Telematics is predicting telematics products could see the end of motor fraud tactics such as crash for crash schemes and bogus whiplash claims.
Jennifer Owens joins Towergate as general counsel
Towergate has appointed Jennifer Owens as its general counsel and company secretary.
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1.5bn in the third quarter of 2013.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled more than 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled by over 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.
Allianz grows UK GWP by 1.8% in Q3
Allianz’s UK business reported a 1.8% increase in gross written premiums to £1 459.7m in the third quarter of 2013.
Jon Walker to lead Bluefin’s personal lines business
Bluefin has appointed Capita’s Jon Walker as its managing director of personal lines.
Aegis London boosts terrorism footprint with two hires
Aegis London has made two appointments to its terrorism and aviation war account with the aim of increasing its underwriting footprint in the market.
Catlin boosted by “strong” underwriting, but investment returns remain low
Specialty insurer and reinsurer Catlin has unveiled increased gross written premiums, with rates also climbing, while investment returns have remained stubbornly low.
Devastation escalates after Philippines' super typhoon Haiyan
Catastrophe modelling firm AIR Worldwide says devastation in the Philippines following last week’s super typhoon Haiyan is continuing to escalate.
Lockton appoints risk management expert in Hong Kong
Lockton has appointed Eric Tsui from HK Electric to lead its power, energy and construction group in Hong Kong.