News
Gallagher rules out mass redundancies after Barbon broking acquisition
Gallagher International chief executive David Ross has ruled out a “slash and burn” programme following its acquisition of Barbon Insurance Group’s five property and commercial businesses.
Plum furnishes Homeworks product with contents cover
Household insurance provider Plum Underwriting has unveiled a redesigned Homeworks product, designed to include cover for the property owner’s general contents.
Container ship hits port in Genoa killing seven
A container ship crashed into the Italian port of Genoa late on 7 May killing seven people.
HKFI urges Hong Kong to attract more marine trade
The Hong Kong Federation of Insurers has released a report into how to make its international maritime centre more competitive through tax incentives.
Survey: Natural disaster risk planning needs improvement
Although there is a greater recognition of the threat from natural disasters, there are still insufficient mitigation plans in place from companies.
Bird flu deaths rise to 31
The number of deaths from H7N9 has risen to 31 with the total number of victims climbing to 129.
Barbican swoops for NIG underwriter
Barbican has pounced to recruit NIG’s technical trade underwriter Daniel Tatam, adding the new recruit to its UK property & casualty team.
Xchanging recruits Crawford global markets VP
Technology provider Xchanghing has recruited Crawford’s vice president of global markets to serve as its new executive director of Xchanging Claims Services.
LV boss O’Roarke named IFB chairman
LV’s managing director of general insurance has been appointed as chairman of the Insurance Fraud Bureau.
Prosight recruits from Mitsui Sumitomo for ops manager
Prosight Specialty Underwriters has recruited Colin Smith from Mitsui Sumitomo at Lloyd’s to serve as its new operations manager.
Risk management essential to innovation say business leaders
Innovation and risk management are seen as two sides of the same coin by business leaders seeking to grow their companies.
Beazley brings breach response product to Italian market
Lloyd’s insurer Beazley's data breach response solution is now available to organisations in the Italy.
Towergate subsidiary CCV snaps up Norwich-based broker
Towergate-owned Cullum Capital Ventures has acquired Waveney Insurance Brokers and its two subsidiary companies Waveney Insurance Brokers Commercial and Waveney Group Schemes.
Towers Watson appoints MD of European risk consulting
Towers Watson has named Michael Murphy as managing director of its risk consulting and software business in Europe, the Middle East and Africa, with immediate effect.
Norgrove elected president of Insurance Institute of Ireland
Zurich Insurance chief executive Ken Norgrove is to take the reins at the Insurance Institute of Ireland.
Liberty Europe adds warranty & indemnity and litigation buy-out cover
The financial lines division of Liberty International Underwriters Europe, part of Liberty Mutual Insurance Group, has launched a warranty and indemnity policy and a litigation buy-out policy.
Brokerbility signs first Scottish member
Brokerbility has signed up its first Scottish broker with Ayr-based MacKay Corporate joining its ranks.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days,
Capita and XL back Lloyd's-based Shariah-compliant start-up
A Shariah-compliant underwriting agency has been launched in the London market with the financial backing of Capita and the Bank of London & Middle East, and capacity provided by XL.
Bluefin Professions unveils quartet of hires
Bluefin Professions has made four appointments in the form of broking director Bobby Payne, account manager Adam Burton and account brokers Nick Wakefield and Alison Pugsley.
Perils provides data for Italian earthquake and flood
Independent catastrophe data provider Perils has extended its coverage to include data for Italian earthquake and flood perils.
Fewer claims help Munich Re in Q1 results
Reinsurer Munich Re's profits rose 20% to €979m in the first quarter of 2013 compared to the same period in 2012.
Quindell revenue rises 904% in 2012
Quindell Portfolio has reported a 904% year-on-year increase in revenue to £137.6m (2011: £13.7m) while pre-tax profit increased by 915% to £41.2m (2011: £4.1m).
Hiscox UK reports Q1 GWP up 8.5%
Growth in luxury motor and professional indemnity business has seen Hiscox’s UK operation report improved gross written premiums for the first quarter of 2012, rising 8.5% on last year.