News
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Claimant solicitors demand FCA probe into hidden motor insurance profits
Thompsons accuses Axa and Aviva in submission to Transport Select Committee.
DLG's Maddock replaces Morris as MIB chairman
The Motor Insurers Bureau has named Direct Line Group claims and business services managing director Steve Maddock as its next chairman.
ANV promotes Thorpe to lead syndicates’ claims team
Dutch-headquartered insurer ANV Holdings has promoted Jonathan Thorpe to lead a unified claims team for its syndicates 1861, 5820 and 779.
Marsh reports 2013 profits up £91m
Broking giant Marsh has seen profits climb through 2014 to $1.45bn (£881m) for its insurance and reinsurance operations.
Tickets.com partners with Allianz Global Assistance UK on missed event product
Tickets.com has partnered with Allianz Global Assistance UK to offer missed event insurance to its more than 300 UK venues through its partners ticketing platforms.
Switched On Insurance launches travel add-on product
Gadget insurer Switched On Insurance has launched a travel insurance add-on product to boost protection for travellers carrying electronic goods.
Aqua recruits Hiscox motor underwriting boss
High net worth specialist Aqua has recruited Hiscox’s head of motor underwriting.
BHSF announces four board changes
Midlands-based BHSF Group has made four changes to its board with group chief executive Peter Maskell calling the appointees “extraordinarily-capable”.
Healthy Pets to enter white label market
Healthy Pets is set to provide white labelled pet insurance products to insurers and retailers on an affinity basis.
Drumm-owned business to pick up pieces following Eric withdrawal
Coast Underwriting is preparing to put an A-rated reinsurance programme in place to offset the fallout following the decision by the unrated European Risk Insurance Company to stop accepting new business, renewals or requests for coverage increases.
Swinton in Welsh language consultation
Swinton is to consult with the Welsh Language Commissioner following reports it requires staff to consult with customers in English.
Keycare promotes three to associate director roles
The UK’s largest provider of insurance for lost and stolen keys has promoted three of its 35-strong team to the roles of associate director.
Suisscourtage handed Lloyd’s broker approval
French insurance broker Suisscourtage has been given registration to serve as a registered Lloyd’s broker.
MGA’s hear Lloyd’s plans for delegated authority business
Managing General Agents yesterday heard how regulation will impact the way they do business in the future.
Amlin teams with Oxford Uni on modelling project
Amlin will today release the initial findings of a research project with Oxford University on fears of systemic dangers generated by the increasing prevalence of risk modelling.
Markel 2013 profits climb after Alterra acquisition
Markel has seen its 2013 profits improve by almost $30m after integrating Bermudian insurer and reinsurer Alterra.
Met Office warns of 'danger to life' across Southern England
The Met Office has issued 16 severe flood warnings in South west and South east England this morning, warning that water levels represent a danger to life in the regions.
Mayer Brown defends five Lloyd's syndicates from Madoff action
Law firm Mayer Brown has helped defend an action from Swiss financial advisers Genevalor, Benbassat & Cie on behalf of three funds under an insurance policy.
Ace appoints chief underwriting officer in Asia-Pacific
Neil Moon, Ace's head of casualty, Asia-Pacific, has been promoted to chief underwriting officer, Asia-Pacific. Moon will be replaced in his role by Adam Clifford.
European CFOs optimistic on profitability growth
European insurance chief financial officers are optimistic about increasing profitability, with a Moody’s survey finding nearly half of CFOs predicting their operating profit would grow between five and 10% in the next year.
QBE recruits from Allianz, AIG and Hiscox in tech drive
QBE has swooped for four new technology, media and telecommunications specialists, recruiting from Allianz, AIG and Hiscox.