News
DAS acquires CW Law
DAS Group has acquired Bristol-based law firm CW Law.
CNA UK marine boss named joint cargo committee chair
CNA’s UK marine manager David Grant is to take the chairman’s seat in the joint cargo committee following two years as deputy chairman.
MDS appoints Mora as director of African subsidiary
MDS Group, the Iberian, Latin American and African insurance broker, has appointed Tiago Mora as a director of its fully owned subsidiary MDS Africa.
Aon launches scenario modeling tool based on past catastrophes
Impact Forecasting, Aon Benfield's catastrophe model developer, has launched scenario models to generate loss estimates for historic and hypothetical disasters.
CII reports 30% rise in insurance apprentices
The Chartered Insurance Institute has reported a 30% increase in the number of new apprentices in the insurance and financial services sector studying the institute’s units and qualifications.
Gard launches line operators product
Gard has introduced a policy to cover on- or off-the-ship damage or loss of containers, which includes cover for containers’ share of General Average contribution.
Canopius to sell off Bermuda operation
Canopius has entered into definitive agreements to sell all of its shares in Canopius Bermuda to institutional investors.
Premiums in Thailand growing strongly
Thai insurance premiums grew strongly in 2012 and are expected to grow 16% in 2013 to 660bn baht ($22bn), suggesting a rude recovery in the market following the floods in 2011.
Lady Gaga sues syndicates over cancelled gig
Following a cancelled gig in Jakarta last year after threats from an Islamic group, the pop singer Lady Gaga's management team and concert organisers claim their insurers should pay out.
Nexus Group targeting $100m+ GWP for 2013
Specialist managing general agent Nexus Underwriting is planning to mark its fifth anniversary by becoming the largest MGA in the London market.
Indian refiners to halt Iranian oil imports
India’s oil refiners may cease crude imports from Iran next month as a result of their inability to access cover due to Western sanctions, the head of its largest refiner has said.
Groupama avoids false five-figure insurance claim
A man has been fined £10 000 at Ipswich Crown Court after making a false five-figure insurance claim for a restored Bentley he claimed was stolen.
Cega steps up CII training programme
Third-party claims management and assistance provider Cega is increasing its financial and practical support for candidates taking the Chartered Insurance Institute certificate in insurance.
Premium Credit completes sales team line up with new hire
Premium Credit has named Michael Phillips head of major accounts and insurer relationships.
Guernsey regulator recruits Central Bank of Ireland risk boss
Guernsey’s financial services regulator has swooped for its new director general, recruiting the Central Bank of Ireland’s head of risk.
Cunningham Lindsey London boss Raine takes new role
Cunningham Lindsey’s London market director Stephen Raine is to limit his time in the city in a bid to spend more time with his family.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.
K&R demand likely to increase following Chavez death
Interest in kidnap and ransom policies for Venezuela is expected to increase following Chavez' death, according to analysts.
Crawford takes majority stake in energy consultancy
Crawford & Company is to acquire a majority interest in loss consultancy Lloyd Warwick International.
Axa marketing director and ex-Swiftcover exec Tina Shortle resigns
Axa personal lines marketing director and former Swiftcover executive Tina Shortle has resigned from the company, Postonline can reveal.
Australian government advisers link hot summer to climate change
The Australian government's independent Climate Commission has linked a record hot summer to climate change.
Esure aims for £1.14bn market cap
Esure has set its indicative price range for its proposed float at set at 240p to 310p per share.
Aviva's rating affirmed by S&P
Standard & Poor's has confirmed that Aviva's ratings and outlook are unaffected by the company's after-tax loss of £3bn for 2012.
Yu: 'Hong Kong employee compensation premiums underpriced'
Allan Yu, director of general business, Zurich and a member of the Hong Kong Federation of Insurers governing committee, urges tightening of oversight of personal injury claims.