News
Double figure hike for Japanese earthquake premiums
Japanese non-life insurers are expected to raise earthquake insurance premiums by an average of 15.5% according to a report in the Jiji Press.
McManus leaves Gallagher ahead of planned exit date
Former Arthur J Gallagher UK retail chief executive Brendan McManus has left the broker ahead of his expected 1 January 2015 departure date to pursue other interests.
Aviva poaches Great Eastern chief
The chief executive of Great Eastern, Chris Wei, is to join Aviva as head of its global life insurance business and Asia chairman.
Softening reinsurance market showing 'no sign of relief' says Willis
The reinsurance sector is seeing significant rate reductions as the excess capital supply in the market continues to chase muted demand, according to Willis Re.
Be Wiser boss predicts return on investment after year of growth
Be Wiser Insurance finance director Andrew Dunkerley has heralded the fact the firm achieved increased profits of £2.2m (2013: £2m) against a backdrop of significant investment in staff and training.
XL Group extends Shariah compliant capacity to financial lines
XL Group has extended its Shariah compliant capacity to financial lines products across financial institutions, professional indemnity and management liability.
Hodges backs Fusion staff after management exits
Towergate group chief executive Mark Hodges has delivered a vote of confidence in the staff of Fusion, following the departure of several of the senior management team.
Improved contractors' combined product unveiled by Arista
Arista Insurance has launched a revamped contractors’ combined product following analysis on how the commercial lines underwriting specialist’s previous offering could be improved.
Cunningham Lindsey agrees to sell Corpore to The Treatment Network
Cunningham Lindsey has agreed to sell its rehabilitation and absence management business, Corpore, to independent rehabilitation group The Treatment Network for an undisclosed fee.
R&Q appoints Aon's Matthews as MD for Gibraltar platform
Randall and Quilter has appointed Andrew Matthews as managing director of R&Q Insurance Management (Gibraltar) previously known as R&Q Caledonian.
Sirius launches Lloyd’s managing agency
Sirius International Insurance Corporation has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency effective 1st July.
Direct Group signs five year home affinity deal with Shop Direct
Ryan Speciality Group business Direct Group has penned a five year home insurance affinity deal with multi-brand digital retailer Shop Direct.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
Fusion expansion leaves 50 roles at risk
Towergate’s decision to expand its Fusion brand across its bespoke underwriting portfolio has left approximately 50 roles at risk of redundancy.
Southern Rock becomes latest insurer to join IFB
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
LV most recommended insurer by consumers
LV is the most recommended insurer in the UK, according to research conducted by You Gov.
Dwindling volumes contribute to lack of optimism in GI
General insurers have bucked the trend of growing optimism across the financial services industry, according to the latest CBI/PWC survey.
Moody’s downgrades Cunningham Lindsey over low claims volumes
Ratings agency Moody’s has downgraded Cunningham Lindsey in response to declining projected revenues based on lower global insured claims volumes.
Hastings Direct launches household cover
Hastings Direct has created a new household insurance product in collaboration with Axa, Sterling and Towergate Underwriting.
Helios agrees new reinsurance deals to free-up capital
Lloyd's-focused investment and underwriting outfit Helios Underwriting has secured several new collateralised reinsurance deals.
Brokers' knowledge of latent defects insurance growing
One third of commercial insurance brokers are concerned about income protection for tenants in a development in the event of a building defect arising, a BLP Insurance survey has found.
Croatia flood losses expected to top €200m
Floods which hit Croatia in mid-May have caused an estimated €224.5m (£160m) in economic losses, according to the local Hina news agency.
Allianz appoints Wilson global head of energy claims
Allianz Global Corporate & Specialty has appointed David Wilson as global head of energy claims based in London.
Besso opens Brazil office
Besso Insurance Group has received licenses to begin trading in its newly opened office in Rio de Janeiro, Brazil.