News
Oval boss Blanc dismisses Gallagher bid speculation
Incoming Oval chief executive Peter Blanc has poured cold water on rumours that his firm would be receptive to a possible buy-out approach from Gallagher Heath.
AIR and RMS agree multi-year data sharing deal
Rival catastrophe modelling firms AIR Worldwide and Risk Management Solutions have formed an agreement to share exposure data schemas, in response to the growing numbers of clients using multiple models.
Build Assure launches latent defects product
Federation of Master Builders subsidiary Build Assure has today launched a new insurance product which protects its members and general developers against loss arising from latent defects in new build properties.
AIR poaches Zurich global head of cat modelling
AIR Worldwide has appointed John Elbl as vice president of the firm’s business development group.
Aviva invests in its underwriting capability
Aviva has appointed Ian Ferguson to the role of chief underwriting officer for intermediary and partnerships reporting to Janice Deakin.
Oval shake up sees Blanc take CEO role from Hodson while Herdman leaves
Broker consolidator Oval has confirmed that Peter Blanc will take over from Phillip Hodson as group chief executive.
Giles MD Lyons "on leave"
Sarah Lyons, managing director of Giles, is on leave while the company addresses "contractual issues".
Cunningham, GAB and LAS ready to impress L&G on panel pilot
Cunningham Lindsey hopes to "impress" Legal & General when it takes part in the insurer's claim handling pilot in May.
Beazley takes 25% stake in Equinox Global
Lloyd's insurer Beazley has taken a 25% stake in Lloyd's cover holder and trade credit insurance specialist Equinox Global.
Al-Futtaim launches UAE marine business
Al-Futtaim, the parent company of Arab Orient Insurance, has launched a marine services company.
United Healthcare International in deal to offer service in Middle East
United Healthcare International is to offer international insurance coverage to employers with staff in the Middle East through an alliance with Dubai-based Al Sagr National Insurance Co.
Jelf Clarke Roxburgh promotes Sherwood
Broker Jelf Clarke Roxburgh has promoted Peter Sherwood to regional sales director for the Midlands.
Insurers in Philippines fight proposed capital hike
Insurers in the Philippines have locked horns with the country's Department of Finance over proposals to increase the capital requirements for insurers to P1bn (€17m) by 2016.
Bangladesh regulator to set rate for commissions
The Bangladesh Insurance Development and Regulatory Authority is to revive commission for general insurance business against premiums.
Quake policy uptake in Japan increases 17.5%
Analysts have noted a surge in the uptake of quake policies in Japan following the Tohoku earthquake last year.
Kiln promotes MacMillan to active underwriter
Kiln has appointed Paul MacMillan, pictured, to active underwriter of its aviation division.
Ace bolsters Continental Europe sales and distribution team
Ace has made three senior appointments to its Continental Europe sales and distribution team.
Kiln strengthens aviation division with appointment
Kiln has appointed Paul MacMillan to active underwriter of its aviation division.
Barbican buys PI Protect MGA
Guernsey-headquartered Lloyd's insurer Barbican has bought Manchester managing general agency Professional Indemnity Protect.
Sciemus adds renewables expert Kinsella
Analytics and modelling firm Sciemus has appointed Tim Kinsella as director of renewable energy to head up work on wind models and provide consultancy in renewable energy and insurance markets.
Flood insurance uncertainty to hit homeowners within four months
The British Property Federation is calling for urgent action to create a new settlement between government and insurers amid fears that homeowners and businesses will face excessively expensive insurance premiums within just four months.
Iprism and Durell team up to offer back-office broker platform
Bosses at Iprism and Durell Software have joined forces to launch a combined electronic trading and back-office broker platform.
Holman's snaps up LMIB business in international push
Independent Lloyd's broker John Holman & Sons has acquired the non-marine business of London Market Insurance Brokers in a bid to boost its international book.
Meet & Tweet: Chris Sime, RSA - Today 1pm
Ever read a profile interview and wished you'd had the opportunity to put your own question to the person in the hot seat? Well, now's your chance – provided you can contain your query to 140 characters.