News
AIR Worldwide links with Trillium to provide geocoding to insurers
AIR Worldwide and Trillium Software have reached an agreement to provide more precise geocoding.
Exposure to sovereign debt could led to more downgrades
A worsening of the economic or investment landscape could result in an increase in negative outlooks or downgrades for insurers and reinsurers operating in Europe a report has found.
HSBC has refused to comment on speculation of non-life sale
HSBC Holdings has declined to comment on speculation in the market that it could be selling its $1bn non-life insurance business.
French academic institutes join Willis Research Network
Willis Research Network has introduced two new French members to its network.
European agency launches risk assessment tool for SMEs
The European Agency for Safety and Health at Work has launched a tool to help Europe’s 20 million micro and small enterprises improve safety and health for their workers by assessing risks.
UK General signs scheme deal with F&R Associates
The scheme covers home emergency for oil-fired central heating systems, and will be sold under F&R’s ‘Cover My Business’ brand.
Chaucer bolster terrorism arm with underwriter appointment
Chaucer has today revealed the appointment of Christianna Coates as political violence underwriter within the war and terrorism team of Chaucer Syndicate 1084’s marine division.
Canopius submits 83 pence a share offer for Omega
Lloyd's isnurer Canopius has submitted an indicative proposal to the board of rival Omega to acquire the entire issued and to be issued ordinary share capital of Omega for cash consideration of 83.0 pence per share.
HSBC refuses to comment on non-life insurance sale
HSBC Holdings has declined to comment on speculation that it could be selling its $1bn non-life insurance business.
Mooted HSBC GI sale a sign of the times
HSBC’s mooted plan to sell its general insurance arm is part of a growing trend of banks “retrenching”, according to an analyst.
Hodges joins Towergate three weeks early
Mark Hodges has started work at intermediary giant Towergate today. He was due to start on 1 October as group CEO.
Auto Windscreens appointed as Admiral supplier
Admiral today announced that Auto Windscreens has been appointed as the firm’s preferred supplier of automotive glazing.
Allianz academy celebrates 10 years
Allianz Insurance has celebrated the 10 year anniversary of its underwriting academy, with a total of 5000 underwriters having completed the technical training and development programme.
AIR updates European wind and earthquake CAT models
Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe.
Biba relaunches website for members
The British Insurance Brokers’ Association has relaunched its website with more guidance for members and a new ‘Find a Broker’ search to promote insurance brokers to customers.
Gallagher Heath confirms Colosso sabatical
Gallgher Heath has confirmed that former Heath Lambert chief executive Adrian Colosso will be on sabbatical leave for “a number of months”.
Mark Byrne to take over at Omega
Bermuda insurer Haverford is to take a 25% stake in troubled Lloyd’s insurer Omega Insurance Holdings, with Haverford boss Mark Byrne taking the Omega chairman’s role.
Run-off restructuring expected, says PWC
Nearly two out of three run-off reinsurers and insurers believe Solvency II will force them to tackle underperforming lines of business, a PWC survey has found.
Torus poaches Gras from Howden
Torus Executive Risks has recruited Howard Gras as deputy professional indemnity manager in its financial lines team.
Lloyd's in danger of being left behind in marine if it fails to evolve
Lloyd’s of London market needs to keep pace with changes in the marine sector as it moves towards greater transparency, says leading shipping underwriter.
Perils says cat total exceeded $2.5bn
Zurich-based European catastrophe insurance data group Perils has revealed that its industry loss index since the beginning of 2010 has exceeded $2.5bn.
RSA appoints Dutch specialist to its board
RSA Insurance Group has appointed of Jos Streppel to its board as a Non-Executive Director as of 3 October 2011.
European insurers facing increasingly stricter regulatory frameworks
Regulatory, accounting and rating agency changes are occurring rapidly globally, albeit at a different pace by region.
Property lines remain volatile across Europe
Property lines remain substantially more volatile than other major lines across Europe, according to new research.