News
The insurance sector needs to evolve, says Aon Germany chairman
The insurance sector needs to evolve and reform what it currently offers to better reflect client needs, Ralph Liebke, chairman and CEO of Aon Germany, has told delegates at a conference in Paris.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Brightside to raise £9m via share-listing for latest acquisition
Broking group Brightside has unveiled a plan to raise £9.0m via the placing of 36m new ordinary shares to fund an acquisition.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
MMA’s master tradesman and offices and surgeries products available with SSP
MMA said the decision to make these products available via the SSP platform is part of its drive to ensure brokers are being offered the quickest and easiest ways of working with the insurer.
Commercial insurance on aggregator radar
A report by Defaqto has revealed 65% of the top 20 financial price comparison websites already provide access to business insurance either as introducers to various online providers or by providing quotations through a limited panel of insurers.
Hiscox appoints Manchester, Scotland & Ireland bosses
Hiscox has appointed Bill Guiney to regional manager of its Manchester operation, and Hannah Hosking as regional manager, Scotland and Ireland.
Hardy CEO admits 2010 profits will be "diminished" after Q1 losses
Hardy Underwriting said it expects to increase gross written premium volume for the 2010 financial year to more than £300m (2009: £242m).
Total Objects and Fusion Experience to offer new data technology
Insurance software company Total Objects has partnered with consultancy Fusion Experience to provide new data technology to the sector.
Questgates completes Teceris deal
Questgates has completed the final stage of its acquisitions from Teceris (part of Capita Group), announced on 11 February this year.
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Prudential starts $21bn delayed offering
Rights' offer to fund the purchase of AIG’s Asian unit, AIA, after a 12-day delay has fuelled speculation that the deal will fail.
Chancellor confirms 22 June Budget
An emergency Budget will be held on Tuesday 22 June, the Chancellor announced today.
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Dual to offer PII to Lloyd's brokers
Specialist professional indemnity underwriting agency, Dual Corporate Risks, has secured new capacity for underwriting broker’s professional indemnity cover.
Experian: insolvencies fall 15.1 per cent year-on-year
The latest insolvency index from Experian has revealed a year-on-year fall in business insolvencies during April in the UK.
Giles bolsters Welsh team with NIG and Moorhouse raids
Giles Insurance Brokers has appointed seven new members of staff at its Llantrisant-based head office.
Family member of Sean Quinn to buy insurance business
A close family member of Sean Quinn is planning to purchase the crisis-hit Quinn Insurance, reports the Belfast Telegraph.