News
GB chairman eyes long-term gains following product expansion
GB Underwriting has penned a new underwriting arrangement with WR Berkley Europe to provide a comprehensive range of products to meet the needs of its construction-focussed customer base.
Cunningham Lindsey opens Chiang Mai office
Loss adjuster Cunningham Lindsey has opened its fourth office in Thailand situated in Chiang Mai.
AIG names banking boss who quit over "hostile environment" as non-exec
AIG Europe has boosted its board with a trio of appointments, including a former Banque AIG boss whose resignation in 2009 almost triggered crisis at the insurer.
Elite launches in-house anti- fraud team
Elite Insurance has launched a new in-house fraud prevention department in a bit to combat rising insurance premiums for honest policyholders.
Cooper Gay launches Australian wholesale division
Cooper Gay (Australia) has launched a new wholesale division for the Australian insurance market.
ABI to launch motor premium tracker this month
The Association of British Insurers is to launch a motor premium tracker at the end of the month which will publish quarterly findings.
NFU Mutual recruits former Scottish Life boss as non-exec
NFU Mutual has appointed former Scottish Life group chief executive Brian Duffin to serve on its board of directors, Post can reveal.
Car dealers took €16.3m from insurance services in 2012
Europe's car dealers sold policies worth an estimated €16.3bn in 2012 across six major insurance, warranty and assistance types plus niche insurance products available in some countries, according to research by Finaccord.
Public sector growth plans boosted by Gallagher Heath sales hire
Gallagher Heath has appointed Anthony Needham to the newly created role of sales director in its public sector and education practice.
Companies urged to take strategic approach to cyber risk
Cyber-attacks and government surveillance are eroding trust in the internet as a place for communication and commerce, according to Zurich’s chief risk officer Axel Lehmann.
Ex-FSA boss Sants selected to lead credit union task force
Former Financial Services Authority chief executive Sir Hector Sants has accepted an invitation from the Archbishop of Canterbury to chair a task group to help support the growth of credit unions.
Trak reinforces insurance presence with McSorely hire
Telematics service provider Trak Global Solutions has appointed Jason McSorley to the role of insurance solutions director with immediate effect.
AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
CC publishes proposed measures for private healthcare sector
The Competition Commission has outlined its proposed measures to increase competition in the private healthcare market including divesting nine private hospitals to introduce greater rivalry in major population centres and areas of high private health…
Markel appoints QBE’s Bragg as senior underwriter
Markel has appointed Charles Bragg as senior underwriter for ports and terminals.
Compliance and in-house teams bolstered by Broker Network
Broker Network has bolstered its in-house broker development managers team by recruiting four new starters ahead of plans to draft in three more BDMs during the course of the year.
Bluefin looks to Axa as HR director Parsons departs
Bluefin has confirmed its human resources director Andy Parsons has left the broker.
Axa announces two senior broker-facing appointments
Axa has made two senior broker-facing appointments including looking to Aviva to fill a relationship manager role.
Michael Jackson case settled for undisclosed amount
A settlement has been reached between Lloyd’s and Michael Jackson’s estate over the insurance payout from the singer’s cancelled concerts in 2009.
Plum promotes Bromley to business development role
Plum Underwriting has promoted underwriting team manager Stuart Bromley to the role of development underwriting manager.
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Windstorm Xaver property losses were €680m, according to Perils
Perils, which provides catastrophe insurance data has released an initial loss estimate for December windstorm Xaver, which affected Western and Northern Europe, of €680m for insured property losses.
Sales of cyber-insurance climbed 30% in 2013 at AIG
AIG saw a 30% rise in sales last year compared to 2012 of the specialist insurance that protects companies from data breaches and cyber attacks.
Euler Hermes establishes Singapore single risk team
Trade credit insurer Euler Hermes has established a single risk and political risk insurance team based in Singapore aimed at larger bespoke projects.