News
Rise of PPOs has tailed off in PI cases
The growth of Periodical Payments Orders that top up personal accident claims over time has tailed off according to a study by the International Underwriting Association.
Questgates expands property division
Loss adjuster Questgates has added three new recruits to its property division taking William McClurg from Cunninghams, Andrew Collins from the broker Giles and Sam Hooper from GAB Robins.
Defaqto compares 66 caravan policies
Independent financial research company Defaqto has launched a new data set on the caravan insurance market within to help insurers compete in this niche sector.
Ace recruits from RSA in the Midlands
Ace has recruited RSA’s Steve Baker to its technical risks team as regional construction underwriter, responsible for developing the construction book of business in the Midlands and the South.
Zurich names group treasurer
Zurich Financial Services Group has appointed Colm Holmes as group treasurer, with immediate effect.
Zurich names Treasury boss
Zurich Financial Services has named Irishman Colm Holmes as group treasurer, with immediate effect. He succeeds Pierre Wauthier, who was appointed chief financial officer and member of the group executive committee from 1 October.
QBE strengthens UK surety business
Business insurer QBE has appointed Steve Manwaring as UK surety manager from Swedish bank Svenska Handelsbanken.
Generali in profit despite €329m Greek bond losses
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.
Hardy reports COR of 111%
Hardy Underwriting said in its Q3 results gross written premiums for the syndicate had increased by 8.5% year on year.
AmWINS agrees THB deal
AmWINS Group is to take over the THB Group with an accepted bid of 80.55 pence per share making it worth about £29m.
Catlin: cat losses demand change
Catlin has called on its aggregate reinsurance after catastrophe losses from the Thai floods hit $670m.
TIP buys Rhodes Wood Risk Services
Yorkshire broker The Insurance Partnership has expanded its presence in the West Midlands with the acquisition of Wolverhampton-based Rhodes Wood Risk Services.
RSA restructure aims to improve performance in Western Europe
RSA has made several changes to the operating structure and executive team of the group which will be effective from 1 January 2012.
Insurance Insight Update - 11 November
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
RSA restructures executive team
RSA has changed its group’s operating structure and executive team.
HCML launches joint working group
Health & Case Management is set to launch a joint working group of medical experts.
Professional indemnity poll result
Are brokers in Italy prepared for an upsurge in business?
Net write-down will not affect Allianz rating
Allianz's net write-down of €2.6bn on its investment portfolio in Q311 will not affect the insurer's rating.
Lockton goes live with e-accounts
London market broker Lockton has commenced trading with e-accounts, an initiative which enhances the electronic submission of accounting entries by brokers to support global business.
Towers Watson appoints Nordic head
Towers Watson, has named Christian Clemmensen as the leader of its non-life insurance consulting team in the Nordics region.
Sean Quinn declares himself bankrupt
Founder of failed Quinn Insurance, Sean Quinn has been declared bankrupt, according to the BBC.
Cunningham Lindsey to make up to 72 redundant as claims numbers fall
Cunningham Lindsey UK has today confirmed that over the last two months it has had to advise 72 of its 1956 total UK staff (3.6%), at various locations across the business, that they are at risk of redundancy.
Post Blog: Admiral directors and wives go on share spending spree
Pity Cheryl Sussens, wife of Admiral non-executive director John Sussens. On 13 September 2011 she bought 30,000 shares in Admiral at a price of £12.73. That gave her a total of 52,000 shares because, on 26 August she bought her first 22,000 shares at a…
Allianz UK non-life operating profit sees Q3 surge
Allianz’s UK business has today reported an operating profit of €142m for the first nine months of the year – a 1% increase on the figure recorded for the same period in 2010.