News
R&Q 2012 profits “in line with expectations”
Profits at run-off provider Randall & Quilter are set to match market expectations for the calendar year 2012 it was announced today.
Stackhouse Poland completes LFC acquisition
Stackhouse Poland has increased its gross written premium "closer to the £100m barrier" with the acquisition of the business of LFC Insurance Brokers.
Autonet launches eco-friendly drive with paper switch
Autonet is to switch to a new office supplier in a bid to be more eco-friendly.
Insurers and Australian government work together in bushfires aftermath
Insurers and the government are helping residents in Tasmania recover following huge bushfires after extraordinarily hot weather.
Chinese regulator to rule on HSBC's Ping An stake sale
The Chinese Insurance Regulatory Commission is expected to rule on HSBC's proposed stake sale to Thai conglomerate Charoen Pokphand Group on 1 February.
Drive Assist creditors will not get all their money back
A number of creditors of failed credit hire company Drive Assist will not be paid all of what they are owed, said Zolfo Cooper, the firm’s administrators.
Fitch: Drivers’ occupation can help insurers assess risk
Fitch Ratings highlighted that putting more weight on factors other like occupation, now that the gender element is no longer in play, is a “valid and valuable” factor for motor underwriters.
Sheilas’ Wheels Broker enters telematics market
Sheilas’ Wheels Broker has launched Sheilas’ Wheels Model Driver, a telematics product which aims to offer female drivers with a way to save money on their insurance.
Oswald floods reach AUS$300m insured loss
Flooding from ex-Tropical Cyclone Oswald has generated almost 26,000 claims in Queensland alone, according to the Insurance Council of Australia, with insured losses for the state estimated at AUS$290m.
Purple Partnership appoints development manager
Purple Partnership, the Jelf-owned independent brokers’ network, has appointed Pauline Palmer as development management for the central region.
BLD appoints new partner in Munich
German law firm BLD Bach Langheid Dallmayr has appointed Joachim Krane as new partner as of 1 February 2013.
Lloyd's investment return improve in 2012 according to latest analysis
Latest figures from investment information specialist Camradata indicate improved performance for investment returns in the Lloyd’s market for 2012.
Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
Extreme weather conditions barely disrupt film insurance market
While floods, tropical storms and fires have generated extra claims for insurers worldwide, a Lloyd’s broker who specialises in film insurance says his firm has not perceived a rise in losses.
Williams: Judicial review to benefit claimant solicitors by £622m a year
David Williams, underwriting director of AXA commercial lines and personal intermediary, has claimed the judicial review launched by the Association of Personal Injury Lawyers and the Motor Accident Solicitors Society will benefit claimant lawyers by…
Direct Line Group facing price fixing complaint from Dispatches' Moody
Direct Line Group is facing a joint price fixing complaint by Retail Motor Law and the Vehicle Builders & Repairers Association.
Spain's criminal code reforms could impact D&O, broker warns
Reform of Spanish regulations governing the criminal liability of companies could impact the directors and officer’s insurance market, according to Guy Carpenter.
Legal reform will spark M&A for brokers, law firms and CMCs
Imminent changes to the legal landscape will lead to an increase in mergers and acquisitions among brokers, law firms and claim management companies, according to Deloitte.
Whitehair appointed MD of SPB UK
French affinity insurance specialist SPB plans to grow its business in the UK through its ownership of Citymain Group.
New MD for renamed Citymain Group
SPB has renamed its insurance administrator Citymain Group as SPB UK and appointed Colin Whitehair as managing director of the newly named division.
Microinsurance to reach 1 billion by 2020
The number of low income people covered by microinsurance is expected to hit one billion by the end of the decade, according to the Luxembourg-based Microinsurance Network.
PM: Dangerous driving sentences could be increased
Prime Minister David Cameron has suggested the government will explore increasing the maximum sentence for dangerous driving.
RFIB to replace departing FD Cotton next month
International Lloyd’s broker RFIB Holdings has appointed Nick Moss as finance director.
Ex-Jelf healthcare specialist joins Giles
Giles Healthcare has appointed a new senior healthcare consultant in Lisa Blackwell who joins from Jelf.