News
Coates exits Bluefin
Graham Coates has resigned as Bluefin’s chief trading officer with immediate effect, according to the broker.
240 jobs go at Zurich as insurer re-enters direct market
Zurich is to make 149 people redundant in a shake-up that sees it returning to the direct insurance market.
Insurecom pilots Informed Quotes on Ageas motor
Software house Insurecom claims it will be the first to push personal lines quotes through to brokers using Insurance Initiatives' Informed Quotes system, starting with motor policies from Ageas.
TSC re-opens premiums inquiry - Insurance News Now – 7 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories which include chair of the Transport Select Committee, Louise Ellman telling Post that motor insurers will be called back to parliament for further questioning…
Brown joins RSA board
RSA UK chief executive Adrian Brown has joined the group board as an executive director.
Marsh launches global mining practice
Marsh has set up a new global practice to target mining organisations that want to pursue growth opportunities outside their home countries.
Brown joins RSA board
RSA UK chief executive Adrian Brown has joined the group board as an executive director.
Paymentshield chairman joins Lomond Capital
Stuart Pender has resigned as chairman of Paymentshield to take up the role of chief executive of Lomond Capital.
Marsh launches global mining practice
Marsh has set up a new global practice to target mining organisations that want to pursue growth opportunities outside their home countries.
Financial and Legal leave ABI in protest against review
Financial and Legal has become the latest legal expense insurer to resign from the Association of British Insurers in protest against the trade body's support of the Jackson Review.
Professional negligence claims set to rise
Professional negligence claims are expected to rise before the year is out, according to law firm Browne Jacobson.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Insurance law change could mean cheaper access to space
On 4 July 2011, the licensing insurance requirements under the UK Outer Space Act 1986 have been reduced to €60 million from £100 million.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Professional indemnity insurance brokers set to open Leeds office
Prime Risk Solutions has announced plans to open an office in Leeds as part of a bid to expand the business in the north of the country.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Aviva reveals new commercial director
Aviva has confirmed that its UK chief risk officer has been lined up to take over the vacant commercial director role in November.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Aviva considering Lloyd's market return
Aviva is undergoing a strategic review of its corporate business which will explore areas of expansion – including opening a trading area at Lloyd’s of London.
Jelf looks to Towergate for regional MD
Jelf Insurance Brokers has appointed Lee Davey to the position of regional managing director for the South West.
FSA bans two brokers for misconduct
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry.
Amlin adds to bloodstock underwriting team
Amlin has appointed Julian Lloyd, head of LMA’s livestock business panel, to its bloodstock underwriting team.
Broker and insurer profitability drops despite business volume growth
According to a new PwC/CBI report, general insurers reported their fastest growth in business volumes since March 2008 in the last quarter - however, the survey found costs have increased and profitability also decreased moderately.
Property Risks sets sights on expansion
Property Risks has set its sights on doubling its size in the next three years through geographical expansion and product development.