News
Horton first of founding ABC team to depart LV
LV chief operating officer Peter Horton has left the insurer.
Hastings Insurance Group announces £180m IPO
Hastings Insurance Group has announced its intention to proceed with an initial public offering and float on the London Stock Exchange.
Alibaba-backed Ant targets China's internet market with £120m purchase
Cathay Financial Holdings has agreed to sell a 60% stake in Taiwan-headquartered Cathay Insurance (China) to Alibaba-owned Ant Financial.
Battman to leave Gallagher and join BMS
David Battman, managing director, international business development at Arthur J Gallagher, is to join broker BMS at the start of 2016.
Turkish market still overly reliant on underperforming motor says Fitch
The Turkish insurance sector's profitability remains driven by the performance of the motor insurance segment, according to a new report by Fitch.
Market Moves - 17 September 2015
All the latest recruitment news from the world of insurance.
Labour leader Corbyn names Shadow Cabinet
Newly elected Labour leader Jeremy Corbyn has announced his Shadow Cabinet including Hayes and Harlington MP John McDonnell as Shadow Chancellor of the Exchequer and West Bromwich East MP Tom Watson as deputy Labour leader.
Asta swoops for Fisher for NED role
Former Arthur J Gallagher International chief underwriting officer Sian Fisher has been appointed a non-executive director of Asta Underwriting Management.
Most solicitors tipped to find rated cover in ‘buoyant’ PI market
Solicitors have seen a benign professional indemnity renewal period after the turbulence of the last few years; however a recent court ruling could increase pressure to introduce an aggregation limit, according to legal specialists.
Cliff steps into the breach as CEO Wallin leaves Brightside
Brightside CEO Andrew Wallin has stepped down from his position with immediate effect, the broker has confirmed.
SSP research finds 64% of brokers expecting GWP growth
Nearly two thirds of UK insurance brokers (64%) expect to grow in the next 12 months, with more than one quarter (28%) expecting to grow their gross written premium by more than 10%, according to SSP research.
Shipowners' Club agrees delegated authority arrangement with Swedish underwriter
The Shipowners' Club has entered into a strategic partnership with Swedish marine underwriting agency Svensk Assurans to offer a P&I product through a delegated underwriting agreement.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Ecclesiastical swoops for Covéa's former real estate head
Ecclesiastical has appointed Chris Withers as property investors development manager.
Kennedys warns government over Medco ‘gaming’
The Medco portal system of commissioning medical reports needs to be transparent and uncomplicated, and eliminate any incentives that encourage those acting for claimants to ‘game’ the process, international law firm Kennedys has told the government.
Student tech targeted by thieves but 50% have no insurance cover
Over one in 20 students (6%) has fallen victim to theft since 2014, with mobile phones topping the list of stolen items, the Chartered Insurance Institute reports today (14 September), noting that more than half of students (54%) have no insurance for…
Canopius and Sompo to launch merged reinsurance unit via Lloyd's and Zurich platforms
Canopius Group has formed an integrated business unit to manage the reinsurance business previously written by Canopius and Sompo Japan Nipponkoa Insurance.
Lloyd's insurer Torus renamed Starstone
Insurer Torus has changed its name to Starstone alongside changing its logo and branding.
Burke praises 'outstanding' Lloyd as he leaves JLT Specialty CEO role
John Lloyd will step down as CEO of JLT Specialty at the end of the year to complete 16 months in charge.
European run-off market to be worth £181bn this year
The non-life European legacy insurance market is estimated to reach run-off reserves worth €247bn (£181bn) this year, an increase of €5bn compared to 2014, according to PWC.
Claims Awards Asia 2015: the winners
The winners of the Claims Awards Asia 2015 were announced on 10 September at the Regent Hotel, Singapore.
PWC tips global cyber market to reach $5bn by 2018
The global cyber insurance market could grow to $5bn (£3.2bn) in annual premiums by 2018 and at least $7.5bn by the end of the decade, according to a PWC report.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
Firms vulnerable to takeover by avoiding M&A wave, claims PWC
Insurance industry companies that do not participate in the current wave of merger and acquisition activity are exposing themselves to takeover, according to PWC research.