News
Leaders eager to distance themselves from rogue investigator allegations
Calls to name firms from leaked Leveson report forces industry to soul search.
Indian regulator ramping up analytics focus
India’s Insurance Regulatory and Development Authority is to launch a new information office for the collection and analysis of data from insurers, according to reports.
Solicitors offered unrated insurer carriers despite solvency concerns
Déja vu as Balva-like unrated carriers on brink of taking market.
General Atlantic concludes purchase of Hyperion shares
Hyperion Insurance Group has completed a deal with General Atlantic in which the global growth equity firm acquired around 30% of the group's shares.
Swinton apologises over complicated add-ons
Swinton has apologised for selling add-on products that customers might have struggle to understand and is offering them a refund.
Bertagna leaves Lloyd’s for Allied World
Lloyd’s of London’s head of Southern, Eastern Europe & Africa as well as Italy country manager, Enrico Bertagna has resigned from his role effective from the end of August.
Biba bolstered by 2012 subs growth
The British Insurance Brokers Association has reported boosted turnover for the year ending 31 December 2012, with subscriptions climbing almost £200 000.
Cosmos Services acquires 15% stake in SART
Hong Kong-based broker Cosmos Services has acquired a 15% stake in SART Holdings, the Hong Kong based business of Aquila Underwriting.
Torus unveils new CEO as it is sold to Enstar for $692m
Global specialty insurer Torus has appointed Dermot O’Donohoe as group chief executive officer of Torus Group, in addition to his role as chief executive of Torus International, following the acquisition of the group by Enstar.
UK General Insurance launches lifestyle product with Gibraltar-based company
UK General Insurance has launched a lifestyle excess product in partnership with Gibraltar-based insurer Enterprise Insurance Company.
Wheatley to declare FCA will be “a very different animal”
Financial Conduct Authority chief executive Martin Wheatley will today pledge to the Association of British Insurers that the new regulator is “a very different animal to the Financial Services Authority.”
L&G's Wilson: Insurers must invest in housing
Legal and General group chief executive Nigel Wilson has called on the insurance industry to help mitigate the UK’s housing problems by investing in the sector, while also helping to match long term assets.
Former Allianz director Stratford passes away
Retired former Allianz Insurance finance director George Stratford passed away at the weekend.
ABI calls for industry, government partnership
The Association of British Insurers is to ask the UK government for more regular and constructive partnerships, reflecting the growing role of insurers in society.
Affinity news: Interaction key to ruling affinity market
Customer interaction and engagement are key to ruling the affinity market in 2014, according to legal services strategy head Michael Davidson.
Affinity news: Axa director warns against using ‘herd mentality’ to avoid FCA action
Goss points at PPI scandal as example of mass impropriety.
Affinity news: Rich customer data can be used to benefit products
The differences in customer service and customer loyalty between those who come via price comparison sites and those that come direct were highlighted in a presentation by Arthur J Gallagher managing director of partnerships Alan Sanderson.
Affinity news: Age of customer a factor in choice of insurance policy claim delegates
A customer’s age is a determining factor in the importance of cost compared to quality of service when choosing an insurance policy, delegates at Post’s Affinity 2013 event heard.
EPG eyes opportunities in Africa
EPG Insurance Services has extended its administration base to cover South Africa and other African territories.
Chaucer adds aerospace specialist to aviation team
Lloyd’s insurer Chaucer has appointed Anna Dedman to specialise in the aerospace sector as part of its aviation team at Chaucer Syndicate 1084.
Cunningham Lindsey re-brands real estate operations under Ventris
Cunningham Lindsey has re-structured and re-branded its property owners unit.
Brit adopts Xchanging’s Fees Direct Plus
Xchanging, the business process, procurement and technology services provider has today announced Brit Insurance as a customer of its enhanced Fees Direct offering, Fees Direct Plus.
CCV completes three regional acquisitions
Callum Capital Ventures has acquired Underwood Insurance Services; Dale Insurance Services and Brighton Insurance (Brokers) Group, bringing the total number made by its parent firm Towergate, to 11 since the start of 2013.
Downward pressure on reinsurance rates to continue
Reinsurance market rates on line will continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report by Guy Carpenter & Company.