News
Brokers Link targets members in four more Asia countries
International broker group Brokers Link wants to expand its reach to Cambodia, Brunei, Myanmar and Laos to have a presence in all ten ASEAN countries.
Plum continues Irish roll-out with non-standard home cover
Specialist household insurance provider Plum Underwriting has started writing non-standard and mid net worth household in the Republic of Ireland.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Kennedys appoints Skrbic in London
Law firm Kennedys has appointed insurance and capital markets expert Michael Skrbic as a partner in its London office.
Insurers face £1.1bn floods and storm bill says ABI
Claims for flooding and storm damage this winter will see insurers pay out £1.1bn according to figures from the Association of British Insurers.
Jelf Manson recruits Askew as North West director
Manchester broker Jelf Manson has appointed former CBG Group managing director Mike Askew as a new director for the North West region.
Premium rise likely if add-ons changes implemented
The Financial Conduct Authority’s proposed changes to the way general insurance add-ons are sold could spell the end of competitive introductory premiums, accountancy firm Moore Stephens says.
Liberty Mutual Europe denies Access BI connection
Liberty Mutual Insurance Europe has written to brokers denying any connection with underwriting agency Access BI, Post’s sister title Insurance Age has revealed.
Allianz reveals refreshed single construction cover
Allianz has launched a redesigned construction cover design to ensure that clients undertaking a single construction project meet contractual obligations.
Paymentshield swoops for Swinton’s Fox
Towergate subsidiary Paymentshield has appointed Amanda Fox as insurer relations director.
Allianz announces product partnership with STA Travel
Allianz Global Assistance has partnered with student travel provider STA Travel to provide travel insurance designed specifically for young people and students.
Add-ons remedies to help level playing field for brokers, Biba says
The British Insurance Brokers’ Association has called the Financial Conduct Authority’s suggested remedies to its market investigation into add-ons a sensible first step.
Argo appoints Finch to D&O role
Lloyd’s insurer Argo International has appointed Tim Finch as a D&O underwriter.
Catlin to honour unapproved Access BI policies
Catlin is to honour insurance policies that were issued without approval by underwriting agency Access BI prior to an intervention from the Financial Conduct Authority.
Kerry London posts 25% rise in Ebitda
Broker Kerry London Group posted a 25% rise in Ebitda from £1.8M to over £2.3M in 2013.
Swiss Re denies Agnelli family stake sale
Swiss Re has moved to distance itself from reports linking the business with the sale of as stake to Italy’s Agnelli family.
Quindell law firm taking legal action on PI cold call claims
Quindell-owned Silverbeck Rymer is set to take legal action over a recording suggesting the firm is backing the inducement of claims from non-fault accident victims.
Barbican recruits Chaucer global energy head
Barbican has named Chaucer global head of energy as the underwriting manager of its own energy division.
Axa inks three year Una deal
Axa has joined the strategic insurer panel of independent broker alliance Una in a new three year rolling deal.
Esure’s results 'resilient' given challenging UK motor market says analyst
Berenberg has called Esure’s 2013 earnings “resilient” while reducing its 2014 premium growth forecast for the insurer by 3%.
Ecclesiastical’s Angell named church operations director
Specialist insurer Ecclesiastical has promoted from within for a new church operations director, replacing the retiring John Coates with its head of relationship management for church business.
GAB Robins expands construction & engineering with senior hires
GAB Robins UK has appointed Andrew McDonald and Mike Hornby to senior adjusting and technical roles as part of the ongoing expansion of its construction & engineering operation.
Draft Solvency II Acts dilute aims of legislators warns Balbinot
The details of the Solvency II regime must be drafted correctly to ensure the legislation does not have negative consequences for insurers and their customers, Sergio Balbinot has warned.