News
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.
Industry questions FCA proposal that firms should publish claims ratio data
Regulator suggests a range of remedies relating to the sale of add-on products.
Aviva heralded by analysts but fears remain over long-term performance
Insurer’s full-year results reveal reversal of 2012 £2.93bn loss with £2.15bn profit.
CILA rejects fears over asbestos risk to loss adjusters handling flood claims
Expert warns of a ‘high risk’ of adjusters being unwittingly contaminated.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
FP Marine buys rival broker in Hong Kong
FP Marine Risks, which is 55% owned by Hyperion, is in advanced negotiations to acquire the assets and staff of Risk Exchange a marine broker also based in Hong Kong.
Zurich job cuts to 'primarily impact' Switzerland, UK and Ireland
Following this week's announcement that Zurich is cutting 800 jobs, a spokesman has confirmed that the primary locations impacted by the changes will be Switzerland, the UK and Ireland.
Thomas named Asia head of claims at Willis
After 11 years Neil Thomas has moved from Willis' energy and property claims team to become head of claims, Asia at the international broker.
XCS boss talks up Lloyd's future as rivals eye volume claims share
Xchanging Claims Services boss Paul Bermingham has moved to underline his firm’s continued prominence in the Lloyd’s market and accused rival claims operations of attempting to undermine XCS’s position.
Omnibus II passed by European Parliament
The final obstacle to Solvency II implementation looks to have been passed after the European Parliament adopted the Omnibus II Directive today.
ABI calls for market specific look into add-ons
The Association of British Insurers has criticised today’s Financial Conduct Authority report into general insurance add-ons as being “generic” and is calling for the regulator to take a market specific approach.
More self-insurance schemes likely after FCA add-ons report
The Financial Conduct Authority report released today on general insurance add-ons could see the establishment of alternative forms of self-insurance, according to EY.