News
Interim Zurich UK GI CEO Dave Smith to retire in April 2015
Zurich’s interim UK general insurance chief executive Dave Smith has agreed to extend his temporary tenure at the business ahead of retiring in April next year.
Study finds 'significant demand' for telematics among older drivers
Insurers focusing telematics products solely on young drivers are overlooking a sizeable untapped older driver market, according to software provider SSP.
Crawford completes Buckley Scott buy
Loss adjusting giant Crawford has acquired construction and engineering specialist Buckley Scott, Post can reveal.
Legal bodies slam SRA minimum terms manoeuvre
Several members of the legal fraternity have written to the Legal Services Board urging it to reject the Solicitors Regulation Authority’s proposal to cut to the minimum limit for solicitors' professional indemnity cover to £500 000.
Gallagher Q2 broking revenues up 34%
Arthur J Gallagher has reported group-wide broking revenues climbing by more than a third on a year-on-year basis for Q2.
Zhang takes up Canopius China role
Specialty insurer and reinsurer Canopius has appointed Shibo Zhang as head of China market.
UK Government offers £10m for driverless car road trials
The UK Government has offered a pot of £10m to help fund public road trials of driverless cars in up to three cities from January 2015.
Money Supermarket sees 4% revenue growth for insurance site
Money Supermarket has reported a 4% increase in revenue for its insurance division in H1 2014 to £68.1m (2013: £65.5m).
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
Markel applies for trade credit license in Dubai
Specialist insurer Markel is hoping to receive a license to offer trade credit insurance in Dubai by the end of 2014.
JLT growing strongly in Asia
In the first half of the year revenue at JLT Asia's risk and insurance portfolio grew 9% while its employee benefits book climbed 35%.
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
International insurers’ London presence to diminish amid increased competition
Analysts expect other firms to follow in Beazley’s footsteps by looking elsewhere
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
Aviva seeks consultation on cashless compensation for minor motor injuries
Claimant lobbyists dismiss proposals in insurer’s report as ‘ludicrous’
Significant rate increases likely after disastrous period for aviation market
Sector facing highest losses since 9/11 following spate of tragedies in 2014
Axa aims to be 'major player in Scotland' as it completes management team
Axa’s Scottish branch has filled two senior sales and underwriting roles, completing the branch’s management team.
Compass adds £20m in GWP with four recruits
Gallagher-owned network Compass Broker Services has added four new members to its ranks, boosting total gross written premium to more than £550m.
Howden opens Channel Islands office
Howden Broking Group has launched a Jersey-based Channel Islands operation led by Henry Burton who previously worked in the group's London office.
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.
Deloitte appoints agents for Gherkin sale
Deloitte has picked a pair of estate agents to oversee the sale of 30 St Mary Axe, better known as The Gherkin, after the building fell into receivership in April this year.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Lloyd's coverholder promotes two in Hong Kong
SART Underwriting, a Lloyd's coverholder based in Hong Kong, has made two promotions.