News
Young drivers face 50% rise in motor premiums
Young drivers face increases of at least 50% in the cost of their motor insurance over the next couple of years, according to Mazars.
US tornadoes cost Hiscox £35m
Hiscox has estimated net claims arising from the April and May tornadoes in the US to be approximately £35m based on insured market losses of $15bn-$25bn.
JLT targets Latin American growth with Chilean deal
JLT is to expand its Latin American business with the acquisition of Chilean broker Orbital Corredores de Seguros.
Mapfre wins Avanti deal
Mapfre Assistance has been awarded a contract to provide travel insurance and assistance services to Avanti Travel Insurance.
Lockton announces Memphis expansion
Bosses at Lockton are planning a recruitment drive after deciding to open a Memphis-based risk management and employee benefits operation.
Three new board members for Ferma
Three new members have been elected to serve on the Federation of European Risk Management Associations (Ferma) board.
Towergate hires new group risk officer
Towergate Insurance has confirmed the appointment of Lisa Siggery as group risk officer, subject to FSA approval.
Insurance brokers predict annual increase in policy sales
Increases in a variety of insurance policies - including motor insurance and home contents insurance - are expected over the coming year as consumers look to "safeguard their incomes".
Zenith, Allianz and Aviva confirm Hastings Direct panel
Zenith, Allianz and Aviva have all confirmed they will be joining the Hastings Direct panel of insurers this year, stating it is a “popular way to buy insurance products”.
Three new board members for Ferma
Three new members have been elected to serve on the Federation of European Risk Management Associations (Ferma) board.
Liberty Mutual appoints Bristol boss
Liberty Mutual Insurance has promoted Martino D’Aliesio to regional manager at its Bristol office.
Insurance brokers predict annual increase in policy sales
Increases in a variety of insurance policies - including motor insurance and home contents insurance - are expected over the coming year as consumers look to "safeguard their incomes".
Jack Straw attacks referral fee “racket”
In an article published in The Times, Jack Straw Labour MP for Blackburn has spoken out about the “dirty secret” that drives up motor insurance.
FCA will be "tougher and bolder" than FSA
The Financial Services Authority has outlined how its successor body charged with conduct and market regulation will be “tougher, bolder and more engaged with consumers".
2014 is better Solvency II start date, say 60% of Aon Benfield conference delegates
Aon Benfield has released new findings that show 60% of European insurers attending its recent International Analytics conference think 2014 would be a better starting date for Solvency II.
Broker Assistance creates new sales and marketing director role
Broker Assistance has appointed Juliette Tarrant sales and marketing director, a newly created position designed to drive the firm’s growth across all customer and product lines.
2014 is better Solvency II start date, say 60% of Aon Benfield conference delegates
Aon Benfield has released new findings that show 60% of European insurers attending its recent International Analytics conference think 2014 would be a better starting date for Solvency II.
Ecclesiastical appoints director of group internal audit and compliance
Ecclesiastical has announced the appointment of John Schofield as its director of group internal audit and compliance.
Whitaker to take Plum MD role
Underwriting and broking group Somerville Holdings has promoted David Whitaker to the role of managing director at its specialist household subsidiary Plum Underwriting.
Ascot increases 2011 capacity by £50m
Ascot Underwriting has increased its capacity from £600m to £650m to support its 2011 business plan.
Government puts speed cameras under spotlight
The numbers of accidents and casualties at speed camera sites both before and after the cameras were installed is to be published by local authorities.
Pay tops £1k per day for Solvency II actuaries
Actuaries working on Solvency II projects are commanding wages of more than £1000 per day as insurers rush to become compliant with the new rules.
Chubb names Ireland business development manager
Chubb has appointed Patrick Mettler to the role of country and business development manager, Ireland, effective 1 July 2011.
Groupama launches online commercial product
Commercial brokers are wasting valuable time chasing commercial combined quotes, according to a survey of brokers by Groupama Insurances.