News
Markel appoints Bhav Desai as head of professional indemnity
Markel has appointed Bhav Desai as head of professional indemnity following predecessor David Sawyer's appointment to managing director of professional and financial risks.
Zurich sells Taiwan GI operations
Zurich has sold its general insurance operations in Taiwan to the country's largest car distributor Hotai Motor for an undisclosed sum.
Swinton Insurance unveils concept branch in Preston to provide great flexibility
Swinton Insurance has unveiled a new concept branch in Preston, Lancashire, following a wide-ranging strategic review of the business.
Inet3 launches flood cover for non-standard home risks
Specialist property managing general agent Inet3 has launched non-standard home risks cover on Flood Re, with the support of a new learning hub for brokers.
Allianz to acquire Zurich Assurances Maroc for €244m
A binding agreement has been announced for Allianz to acquire Zurich Assurances Maroc, a subsidiary of Zurich Insurance in Morocco, for €244m (£192m).
Elite Insurance and QMetric sign five year deal
Elite Insurance has signed a fresh five year deal with QMetric, owner of the Policy Expert brand.
Zurich makes two new appointments as string of changes continues
Zurich has made two appointments to replace departing personal lines and Endsleigh managing director Patrick Cohen, the latest in a series of changes amid a global restructure bringing general insurance and life business together.
Rowney will move LV toward being ‘challenger brand’
The newly appointed CEO of LV will take the company towards being a “challenger brand” in the next five years.
Storms Elvira and Friederike will dampen French and German earnings
Storms Elvira and Friederike will dampen the first half 2016 earnings of French and German insurers, though it is unlikely there will be any negative rating actions as a result, according to AM Best.
LV appoints Richard Rowney as CEO
Richard Rowney has been announced as successor to Mike Rogers as chief executive of LV.
Profit-making in motor insurance market goes off track
The motor insurance market is set to experience significant losses in premiums over the next year.
Tobias Andersson appointed as CEO of Guy Carpenter Stockholm
Guy Carpenter & Company today announced the appointment of Tobias Andersson as CEO of GC Stockholm, following his predecessor Tomas Ljungqvist’s appointment as chairman of the division.
Stephen Manning to step down from Sompo Canopius
Stephen Manning, the chief operating officer of Sompo Canopius, will leave the role at the end of the year.
AIG mulls new hub away from London if UK votes for Brexit
AIG could establish a hub elsewhere in Europe if a Brexit occurs, the company’s chief executive Peter Hancock said.
Flood Re doubles insurer signings since April launch
The number of insurers signed up with Flood Re has more than doubled since the scheme’s April launch, it was revealed yesterday.
Global Insurance Forum: Insurance will help Asean grow
Experts agree there are a host of insurance opportunities across Asean's fast growing markets.
Insurers face skills shortages in software and digital
Insurers in the life and general insurance sectors are planning to hire more staff with digital skills, according to a survey.
Crawford & Co launches Alternative Business Structure
Jason Spencer will join Crawford in setting up the alternative business structure (ABS) in order to deliver a wider variety of services.
Fraudster sentenced for using charity’s bank details to buy insurance policy
A Bolton man has been given a suspended sentence after using a charity's bank account to take out an insurance policy.
Rob Flynn to replace Phil Wilson-Brown at More Than
More Than, part of insurance group RSA, announced the appointment of Rob Flynn as managing director today, replacing outgoing MD Phil Wilson-Brown.
Cyber insurance could be worth billions, ABI claims
The market for cyber insurance could be worth billions in future as companies start to understand the risks, the ABI said.
Foo Fighters sue Lloyd's insurers over cancelled gigs following Paris terrorist attacks
Musicians the Foo Fighters have filed a suit against insurers for failing to reimburse cancelled European shows following the Paris terrorist attacks last November.
Mutual and cooperative sector sees above average growth
Three-quarters of the world’s biggest cooperative and mutual insurers saw positive premium growth in 2014, and 18% saw double digit growth in the same year.
Markerstudy CEO warns about possible job cuts following a Brexit
Markerstudy’s group CEO has warned staff that jobs at the company could be at risk if they vote to leave the European Union.