News
SSP warns Australian insurers to move off legacy platforms
The managing director of technology house SSP in Australia has said Australia's largest insurers could move from being "leaders" to "laggards" as legacy technology infrastructure hampers them.
Towers Watson recruits Asia-Pacific insurance director
Global professional services company Towers Watson has appointed Bill Johnston as director, insurance management consultancy, Asia-Pacific.
BMS appoints Field as Australian CEO
Lloyd's and specialist broker BMS Group has appointed Brett Field as CEO of the company's Australian office
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
Thomas Carroll recruits former cricketer to sales team
Welsh broker Thomas Carroll has recruited former Glamorgan and Kent cricketer Mike Powell to its new sales development team.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
Hester reportedly plotting £350m share placing
RSA chief executive Stephen Hester is reportedly looking to investors to raise as much as £350m for the insurer in an emergency cash call.
Insurer risk management increasingly reliant on data
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
Ex-Barbon chair Drummond-Smith becomes Gallagher NED
Arthur J Gallagher has appointed former Barbon Insurance Group chairman Jamie Drummond-Smith to the role of non-executive director.
Biba members to access Beazley event scheme
Members of the British Insurance Broker’s Association will be given access to a bespoke event insurance scheme provided by Lloyd’s insurer Beazley as part of a new deal.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.
IUA begins 'most extensive' London company market survey
The International Underwriting Association has begun research for its 2014 London Company Market Statistics Report designed to provide analysis of the market's premium income.
JBA releases highest resolution GB flood model
JBA Risk Management has updated its Great Britain flood model to provide greater precision than ever previously possible.
RSA unleashes pet claims management system
RSA has today launched a new pet claims management system in a bid to enhance its customer service.
Brightside seals exclusive partnership deal with Rated People
Specialist broker Brightside has launched an exclusive 12 month insurance partnership with, online trade recommendation service Rated People.
Brit achieves record COR following benign cat year
Brit Insurance chalked up a record combined operating ratio of 85.2% in its second full year since turning its focus to global specialty underwriting at Lloyd’s.
Singapore syndicate expands underwriting capabilities
Watkins Syndicate Singapore, which represents Watkins Syndicate 457 at Lloyd's, has appointed two senior underwriters.
LAS agrees £35m Innovation Group sale
Innovation Group has agreed the £35m acquisition of LAS Claims Management, while also announcing a substantial expansion of its motor claims business.
Singapore employee benefits broker Pan bought by technology start-up
The Pan Group, one of the largest employee benefits brokers in Singapore, has been bought by ConneXionsAsia, a technology firm which owns an end-to-end employee benefits platform.
Aviva appoints CFO in Asia
Ken Rappold has been appointed as regional chief financial officer of Aviva Asia.
Majority of Chinese firms reduced payment times in 2013
According to trade credit insurer Euler Hermes, seven out of ten Chinese companies increased their turnover in 2013, with six out of ten firms reducing their outstanding payment days.
Appeal court's 'landmark decision' alleviates PI market pressure
The Court of Appeal’s decision to rule against the right of claimants to accept a pay-out awarded by the Financial Ombudsman Service before suing for the balance of loss in court will boost the embattled professional indemnity market, according to law…
Claims Portal service heads to tender
Claims Portal Ltd has invited suppliers to tender for the development and hosting of the claims portal.
Fraudster arrested in dawn raid receives suspended sentence
A fraudster who was arrested by the Insurance Fraud Enforcement Department during a dawn raid attended by Post received a suspended prison sentence at the Old Bailey today.