News
Riot damages cap proposed in Queen's Speech
The government has signaled its intention to limit the compensation insurers can receive following riots with a series of amendments proposed in the Queen’s Speech this morning.
Hiscox adds two more to London D&O unit
Hiscox has added two more new hires for its London market management liability team, having previously recruited a duo from QBE and Allied World.
Broker Network recruits from CCV for business development boss
Broker Network has taken a new head of business development from Towergate-owned CCV Risk Solutions.
Brit poised for promotion to FTSE 250 exchange
Brit Insurance is to be included on the FTSE 250 index on the London Stock Exchange as part of a quarterly reshuffle of listed firms.
Axa motor boss Byford to head up retail underwriting at ERS
ERS has hired Axa’s head of motor personal lines intermediary Jon Byford to head up retail underwriting at the broker-only motor insurer.
RFIB launches insolvency protection
Independent broker RFIB has launched a financial resource policy, led by Ironshore Europe.
Barbican launches tech errors and omissions facility
Barbican Insurance Group has established a new technology errors & omissions consortium to underwrite technology errors & omissions business on a worldwide basis
Peak Re starts life and health book
Hong Kong-based reinsurer expands by gaining a life license and building a new team.
IAG CEO calls for investment in natural disaster mitigation
IAG's CEO Mike Wilkins wants the Australian government to invest in making communities more resilient.
Aggressive driving making Singapore road users feel unsafe, says Axa
As Axa Singapore launches a driver behaviour app, the insurer says three out of five drivers in Singapore feel unsafe.
Industry gets behind FCA call to push conduct up board agendas
Regulator’s CEO asks firms to detect conduct issues earlier
Insurers vie for RSA broker motor business despite ‘unsustainable’ label
LV and Zurich among the major insurers looking to capitalise on RSA’s motor cuts
Ifed dismisses ‘London-centric’ tag and defends conviction statistics
ABI funding of Ifed to increase despite £105 000 cost to industry per prosecution
Adding 1 eyes regional brokers after reforming as an MGA
Former Jersey-based intermediary Adding 1 has reformed as a managing general agent and is targeting independent brokers across the UK.
One third of consumers want shorter policy wordings
One third of consumers would like to see shorter and clearer policy wordings, according to a survey from Consumer Intelligence.
Aon completes Lorica Employee Benefits purchase
Aon has completed the acquisition of Lorica Employee Benefits, boosting the broking giants own human resource solutions business to more than 400 employees.
Aerospace union appoints HFW partner as legal advisor
The International Union of Aerospace Insurers has appointed Holman Fenwick Willan partner Giles Kavanagh as its new legal advisor.
BP Marsh eyes start-up opportunities
The current tough environment for brokers could create significant investment opportunities for venture capital firms, according to BP Marsh chairman Brian Marsh.
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
Commercial lines hires to boost regional trading at Covéa
Covéa has unveiled six senior commercial lines appointments in a bid to bolster the firm’s regional trading capability.
Liberty looks to Willis for fine art role
Liberty Specialty Markets has appointed Ross Drabble as deputy class underwriter for fine art and specie.
Former Aviva boss Moss resurfaces at Parker Fitzgerald
Former Aviva chief executive Andrew Moss has been named chairman of the advisory board at professional services firm Parker Fitzgerald.
A-Plan's PE owners planning sale, states report
Retail broker A-Plan is gearing up for a £300m sale, according to Sky News.
Queensland to spend A$51m on disaster mitigation
Insurance Council of Australia welcomes Australian state's spending on disaster mitigation but criticises stamp duty policy.