News
Markel notches up substantial COR improvement across the board
Markel International’s combined operating ratio plummeted below the break even line for 2012 after the operation recorded a COR of 88%, down 28% on the previous 12 months.
Kiln strengthens underwriting teams in Singapore and Hong Kong
As Lloyd's insurer Kiln grows in Asia, it has appointed two senior underwriters in Hong Kong and Singapore for marine and aviation.
Kiln bolsters Asian underwriting team
Kiln has appointed Joyce Fung as a marine liability underwriter in Hong Kong and Graham Oddie as an aviation underwriter in Singapore.
Asta brings new Lloyd’s Syndicate
Third party syndicate manager Asta has gained approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate backed by Nephila Capital.
Plantec Holdings secures Carole Nash contract
Plantec Holdings will be the sole provider of overflow motorcycle accident hire for Carole Nash Insurance Consultants.
New Lloyd's syndicate 2357 appoints Willis' Beatty as approval granted
Asta, the Lloyd’s leading third party syndicate manager, today announced that Lloyd’s Franchise Board has granted “in principle” approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate 2357 backed by Nephila Capital.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
1 500 join class action lawsuit against South Korean life insurers
Seven South Korean insurers set for lengthy legal battle following claims of price fixing insurance premiums.
Ping An purchase already paying dividends
Share price rise is good news for the Charoen Pokphand Group, the Thai conglomerate that bought HSBC's 15.57% stake in Chinese insurer Ping An.
Lloyd's China CEO hails growth ahead of London visit
More syndicates are placing underwriters in Lloyd's China as it sees premiums rise ahead of CEO Eric Gao's London visit in January.
BLM appointed to government Litigation Panel
Berrymans Lace Mawer has been appointed to the General Litigation Lot within the Government Procurement Service Legal Services Framework Agreement – a framework agreement designed to provide a wide range of legal services.
Aviva launched mid-market tools for brokers
Aviva has launched Aviva Premier, a range of tools aiming to help brokers win and retain more mid-market business.
Ironshore strengthens healthcare portfolio in the London market
Ironshore Europe has appointed Jamie Lewis as senior vice president healthcare. Lewis will be responsible for developing Ironshore’s healthcare professional liability portfolio in the London market.
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Broughton to replace McGinn as Hanks unveils Allianz exit date
Simon McGinn will succeed Chris Hanks as general manager of commercial at Allianz with effect from 1 July.
$400m satellite loss biggest in market history
The destruction of a satellite during launch last week is believed to be the largest insured loss in the history of the space market.
Biba unveils conference speakers for 2013
Martin Wheatley, CEO designate of the Financial Conduct Authority, David Miliband MP, Olympic cycling star Sir Chris Hoy MBE and entrepreneur Hilary Devey will all be speaking at this year’s Biba conference.
Airline Iberia extends agreement with Allianz Global Assistance
Allianz Global Assistance has agreed a new deal with Iberia, the Spanish airline, offering travel insurance in the UK.
Nexus Group appoints Cotton group chief financial officer
Managing agency group Nexus Underwriting Management has appointed Nigel Cotton as group chief financial officer.
Liberty International Underwriters names Halligan as aviation head
Bill Halligan has been appointed as head of aviation at Liberty International Underwriters.
Accident Exchange retrial possible in light of "fresh evidence"
Four test cases that found Accident Exchange had charged Axa excessive hire rates could be retried, the Court of Appeal ruled today.
Hyperion agrees deal to take 55% stake in Hong Kong marine broker FP Group
Hyperion Insurance Group has agreed a deal to take a 55% stake in the Hong Kong-headquartered specialist marine broking firm, FP Group.