News
BMS to run London market, US and Bermuda operations on Sequel
Specialist broker BMS Group has chosen Sequel to run its insurance and reinsurance broking systems in the US, Bermuda and the London market.
Global warming to lead to stronger tropical cyclones
Scientists predict that global warming is likely to lead to stronger tropical cyclones, but that the overall global frequency of tropical storms and hurricanes is likely to decrease.
Zurich seeks Chinese licences for emerging markets push
Zurich Insurance has applied for licences to expand into Chinese cities as part of a renewed focus on emerging markets, according to chief executive Martin Senn.
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
Iran offers fully insured ships to would-be crude buyers
The National Iranian Oil Company has offered India the use of fully insured Iranian vessels to use when importing Iranian oil, according to reports.
FSJ hires ex-Cobra boss for development director role
FSJ Broking, the London market division of Ink, has appointed Dave Truman as development director.
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Motor start-up Purely Insurance scrapped after capacity walks away
A new motor underwriting start-up, fronted by a duo of former HSBC Insurance UK executives, has been scrapped, Postonline can reveal.
Ace expands its surety practice into continental Europe
Ace Group has appointed Luc Reuter as senior vice president and head of surety, Europe as the firm expands its international surety capabilities into its continental Europe region.
UK General unveils six new commercial schemes
UK General has launched six new commercial schemes in eight weeks to continue its push for growth in the UK schemes market.
Italian motor policies five times those of European average
Third-party car insurance policies in Italy are five times more expensive than the European average.
German police recruit sniffer dogs to tackle arson claims
German police have recruited specially trained sniffer dogs that can track down chemicals used to deliberately start fires after a massive rise in insurance claims.
Italy misses opportunity to open PI market with compulsory legislation delay
Italy has postponed the introduction of compulsory professional indemnity for professional bodies just days before implementation was due.
Sue Langley leaves Lloyd's
Lloyd's of London director of market development Sue Langley will step down in December after five years.
Arag recruits broker account handler
Arag has appointed Chris French as broker account handler.
Ace to open Aberdeen office
Ace Group is to open an office in Aberdeen before the end of 2012.
Wu replaced on CNinsure board by Shang
CNinsure has confirmed the resignation of Shangzhi Wu from the company's board of directors following the expiration of his tenure and the appointment of Xiaojun Shang, effective 24 August.
Ageas mobilises anti-fraud database for motor book
Ageas has signed up to an anti-fraud database for underwriting and claims management in its motor book.
Uniqa posts earnings up 43.2%
The Uniqa Group has posted first-half earnings before tax up 43.2% to €106.5m (2011: €74.4m).
Fire and escape of water are most common commercial property claims
Water escaping from burst pipes or leaking taps is the most common commercial property claim, according to research by damage restoration business ServiceMaster Clean.
ANV Syndicate 1891 launches accident and health division
ANV Holdings' newly acquired Syndicate 1861 has opened an accident and health business just eight days since acquiring the Lloyd's business from Flagstone Re.
Hong Kong tops IPMI inflation at 12.7%
International private medical insurance premiums are rising at an average rate of 10.8% annually, according to a new report.
Zurich launches major UAE marketing campaign to raise GI profile
Zurich has launched a major new marketing campaign to support its suite of personal insurance products in the United Arab Emirates.
Knock-on effect of referral fee ban not an issue for Admiral CEO
Admiral chief executive Henry Engelhardt has brushed aside fears that future legislative changes relating to the ban on referral fees could take its toll on his firm's UK balance sheet.