News
Draper rejoins Chubb for casualty role
Chubb has appointed Dave Draper as its casualty manager for the UK and Ireland.
Allianz position on missing plane policy clarified as lead reinsurer
Allianz is the lead reinsurer on the hull and liability cover for Malaysia Airlines, rather than the lead insurer as previously reported, according to market sources.
Insurance growth action plan boosted by Brokerbility Academy
Brokerbility has launched an academy scheme in a bid to attract people of all ages into the insurance profession as part of the independent broking group's contribution to the government’s insurance growth action plan commitment.
Coface CEO eyes imminent IPO following 'good' 2013 results
Coface chief executive Jeam-Marc Pillu has turned his attention to launching an initial public offering in the first half of the year after achieving “strong” commercial growth in 2013.
RSA prepares to launch £775m rights issue
RSA is set to launch a £775m rights issue this week according to reports.
Ace hires Westwood for Birmingham role
Ace Group has appointed Matt Westwood as business development manager for Birmingham and the East Midlands.
Document fraud uncovered amid industry response to floods
Opportunistic fraudsters have been taking advantage of widespread flooding by lodging bogus commercial property and household claims, according to the Absolute Partnership.
TT Club builds UAE footprint
Freight transport insurer TT Club is expanding its presence in Dubai to support the club’s existing claims team in the United Arab Emirates.
Claims Conference Asia: 'Asia reclaiming its rightful place in history'
Duncan Howorth, JLT CEO, Asia, struck an optimistic note when talking about the rise of Asia at last week's Claims Conference Asia, but warned more sophisticated risk management will be needed.
Hong Kong passes 50% tax concession on captives
The Legislative Council of Hong Kong has passed a bill to revise the Inland Revenue Ordinance to provide captive insurers with a 50% concession on profits tax for their offshore risk business.
Ace rejigs financial lines team in Asia-Pacific
International insurer Ace has made several changes to its financial lines team in the Asia-Pacific region.
Allianz launches risk surveyor apprenticeship scheme
Allianz Commercial has announced five apprentices for the new risk surveyor apprenticeship scheme which will support chosen candidates to become experts in their field.
Tim Ryan to lead Biba's networks and MGA advisory board
The British Insurance Brokers' Association has appointed Ryan Insurance Group managing director Tim Ryan to head its new networks and managing general agents' advisory board, Post’s sister title Insurance Age has revealed.
Aerospace players to receive IPT exemption
Aerospace insurers received a boost in Wednesday’s budget after Chancellor George Osborne said the government would exempt certain space risks from insurance premium tax.
Biba motor panel chair Briscoe hands over reins
The British Insurance Brokers’ Association has appointed Gallagher Bassett branch manager George Nicol to replace Allan Briscoe as chairman of its motor panel.
UK General boss pessimistic on commercial rate rises amid renewals
UK General commercial managing director Mike Keating is eyeing “pockets of business” where rate rises can be achieved, but offered a pessimistic outlook on the state of the wider commercial market.
DLG's Geddes nets £2.4m total remuneration
Direct Line Group chief executive Paul Geddes saw a 27% increase in the value of his pay package in 2013.
AIG enhances personal accident & business travel cover
AIG launched an enhanced version of its Lifeline Plus group personal accident & business travel cover, which includes extended policy wording and a mobile app that provides travelers with direct access to assistance and advice at any time, wherever they…
Quartix appoints Palmer-Baunack as non-exec
Vehicle tracking supplier Quartix has appointed Avril Palmer-Baunack as non-executive chair.
LAS COO Dunworth resigns days after Innovation Group buy
LAS chief operating officer Max Dunworth is to depart the business later this year, Post can reveal.
Low end HNW homeowners hit with steepest premium increases
The lower end of the high net worth market was hit with the biggest percentage increases in 2013 according to private client broker Castleacre’s high net worth property index.
Frank Pickles goes live on The Broker Cloud
Frank Pickles has adopted The Broker Cloud’s software solution for motorhome and kit car.
Canopius reports record £99m post-tax profit
Canopius has reported a 25% increase in gross written premiums and an improved combined ratio as it ended its 10th year of operation.
Willis launches representative office in Myanmar
Broker Willis has opened a representative office in Myanmar following a “growing wave of interest” from clients.