News
Ropner makes new hire
Ropner Insurance Services has appointed Katrina Ives to further develop its wholesale business in the UK.
QBE MD resigns following restructure plans
QBE’s managing director of distribution Terry Whittaker has resigned after a year in the role.
China poll result
Will China be the next supply chain disaster?
BCR claims win in IFB fraud investigation
Insurance intermediary BCR Legal has claimed victory after a fraud trial against 14 defendants, including doctors and solicitors, collapsed in disarray.
Cayman insurance law regulation changes almost complete
Enhanced regulations are being finalised relating to the Cayman Islands Insurance Law 2010, which was passed early last year.
Hyperion promotes APAC head to CEO of Dual International
International reinsurer Hyperion has promoted its head of Asia Pacific, Damien Coates, to chief executive officer of Dual International.
Towers Watson increases Fifth Quadrant shareholding to 51%
Professional services company, Towers Watson, has increased its shareholding in Fifth Quadrant, the independent South African actuarial consultancy, to 51%.
FSA appoints non-exec director for FSCS
The Financial Services Authority has appointed Paul Stockton as non-executive director to the Board of the Financial Services Compensation Scheme with effect from 1 December 2011.
Nationale Suisse rated at 'A-'
Schweizerische National-Versicherungs-Gesellschaft AG has achieved a financial strength rating of A- (Excellent) and issuer credit rating of "a-".
GAB Robins strengthens counter fraud team
GAB Robins has added to its counter fraud and investigation service with the appointment of Peter Graham.
Stackhouse Poland acquires Sutton Meears
Stackhouse Poland has celebrated the tenth anniversary of its management buy-in with the acquisition of Croydon-based broker Sutton Meears.
2 December: Cut and shut
Dealing with stolen motor vehicles is nothing new for insurers, so when Mr Policyholder phoned to report the theft of his classic motor vehicle, his insurer began the usual process.
LV launches new travel insurance product
LV has created a new premium travel insurance policy designed for the modern holidaymaker and covering travellers for a range of scenarios that are excluded from many travel insurance policies on the market.
Emerging markets look set to grow in 2012
Despite growth slowing in 2011 emerging markets will remain “reliable growth engines” in the global insurance markets in 2012, according to reinsurer Swiss Re.
Haircut on bonds could be absorbed by European insurers
A 50% haircut on Greek, Irish and Portuguese sovereign bonds could be absorbed into European insurers’ existing capital resources, according to Swiss Re’s senior economist.
SRA announces January start date for ABS
The Solicitors Regulation Authority will start accepting licensing applications for alternative business structures from 3 January 2012.
Thai floods lead Singapore Lloyd's Syndicate to close to new business
Singapore-based Lloyd’s Syndicate 1965 will no longer be accepting new business following the Thai floods.
Argo looks to Novae for liability head
Argo International has appointed Rupert Taylor as head of International general liability.
Vienna Group appoints head of marketing
The Vienna Insurance Group has appointed Bernhard Fauster head of group marketing with effect from 1 December 2011.
XL names new head of insurance
Greg Hendrick will become chief executive of XL Group’s insurance segment upon the retirement of current insurance head Dave Duclos.
Swiss Re warns of low profits for 2012
Swiss Re’s economists say the insurance industry will not pick up until after 2012.
Pro Sight takes over TSM at Lloyd’s
Pro Sight Specialty Insurance has acquired Lloyd's coverholder TSM Agencies and 100% of the capacity rights to Lloyd's syndicate 1110.
Duo found guilty of £40 000 claims scam
Two friends who claimed against Zurich and Allianz policyholders in ‘slip and trip’ and ‘cash for crash’ scams have each been handed two-year suspended sentences.
Coates named as Dual International CEO
Damien Coates has been appointed chief executive of Hyperion Insurance Group firm Dual International.