News
Blog: Private sector pain for brokers part of the price of peace in Northern Ireland
It is almost 17 years to the day since the Good Friday Agreement brought an end to 30 years of sectarian conflict in Northern Ireland, yet the lasting legacy of ‘The Troubles’ continues to have a profound effect on the local economy and the general…
Hamilton completes deal for Sportscover
Bermuda-based Hamilton Insurance Group has tied up the acquisition of Sportscover Underwriting for an undisclosed amount.
Zurich undeterred from fraud fight after appeal is upheld
Zurich says it is "unsurprisingly disappointed" by a 31 March Court of Appeal decision that ruled in favour of a claimant the insurer had evidence to show had made a fraudulent claim.
Cullum, Oliver, Thiam and Henderson back the Conservatives
Four well-known senior managers in the market have joined 99 other business leaders and backed the Conservatives for the 2015 general election in a letter.
Chartered employees earning at least 25% more, CII survey finds
A survey by the Chartered Insurance Institute has found that chartered employees earn more than a quarter more than their non-chartered colleagues.
Ex-Quindell boss Terry snaps up 7.4% stake in stockbroker Daniel Stewart
Quindell founder Rob Terry has acquired a 7.4% stake in stockbroker Daniel Stewart Securities.
Allied World seals purchase of RSA's Hong Kong and Singapore operations
The sale of RSA’s businesses in Hong Kong and Singapore to the Swiss-based Allied World Assurance Company has been completed.
Catlin completes Insure the Box sale
Aioi Nissay Dowa Insurance has finalised its acquisition of Insure the Box and Drive Like a Girl from Catlin.
Independent Insurance to be re-launched at Biba Conference 2015
Independent Insurance is to be re-launched at the 2015 British Insurance Brokers’ Association Conference in Manchester Post has learnt.
Judge dismisses first full case for fundamental dishonesty
A Telford County Court judge has dismissed the first full trial due to a finding of fundamental dishonesty.
Elite says unrated status not an issue for potential Medco customers
Elite Insurance's chief operating officer Russell Smart has stressed that customers should not be worried by the fact that the firm is an unrated carrier.
Business Insight unveils risk analysis tool
Technology provider Business Insight has launched Resonate, a new risk analysis model that classifies every address and neighbourhood in the UK.
FCA expected to bare teeth as competition powers kick in
Firms could be on the receiving end of significant fines as the Financial Conduct Authority demonstrates its new competition powers, according to lawyers at Norton Rose Fulbright.
Independent's creditors to vote on scheme in June
Scheme creditors of the collapsed Independent Insurance Company are to meet on 1 June 2015 to consider a scheme of arrangement which is being proposed as an alternative to the company being liquidated.
GI players under the microscope as FCA increases its focus on the sector
Insurers and brokers have been warned by market observers to be on their guard after the Financial Conduct Authority outlined a series of reviews designed to shake-up the general insurance sector.
Further insurer run-off expected in Gibraltar as others plot arrival on The Rock
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
Covéa credits 'disciplined' pricing for 40% rise in 2014 pre-tax proift
A “disciplined approach to pricing” has been attributed to Covéa Insurance's improved combined operating ratio of 97.8% for 2014 (FY 2013: 98.7%).
ERS adds chief risk officer Ryan to the Board
Ryan Warren is to join ERS as chief risk officer and as a director of the Equity Syndicate Management Limited Board.
Germanwings loss to maintain aviation market pricing pressure
Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
RSA's Hood resigns two months after taking on CDO role
RSA chief digital officer Ian Hood has resigned from the insurer just two months after taking on the role and has set his sights on a move to a different sector.
Cunningham Lindsey to acquire Andersen Environmental
Cunningham Lindsey has reached a definitive agreement to acquire Andersen Environmental, an environmental and engineering due diligence, health and safety, and remediation firm.
Pro Global to invest in growth in 2015 after year of restructuring
Service provider Pro Global Insurance Solutions delivered a total group profit of £3.8m last year, compared to a £33.5m loss in 2013, following the demerger of its run-off business.
Principal's Dublin launch expected to stir up Irish market 'complacency'
Manchester-headquartered Principal Insurance is fully trading in Ireland after completing a pilot phase that has seen the broker offering quotes to Irish bikers for the past few weeks.
Koh excited by Generali Asia marketing role
Tricia Koh has been confirmed as Generali Asia's head of value proposition and marketing after joining from Allianz Global Corporate & Specialty last December.