News
Seventeen Group strengthens Scottish offering with Annandale aquisition
Seventeen Group has acquired Annandale Insurance Brokers, based in Dumfries, for an undisclosed sum.
AIG Europe reports growth in net premiums, slight COR improvement
AIG's European arm posted stable results for the year ended 30 November 2015, including a slightly stronger combined ratio of 98.2% (2014: 98.4%) and 2% growth in net premiums.
Insurers profits to fall due to low returns, rising costs
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Amwins Group member Unicorn Underwriting gets backing to write motor fleet
US-based insurance distributor Amwins Group will partner with Berkshire International Insurance to enter the motor fleet business, via Amwins’ London-based managing general agent Unicorn Underwriting.
Marketform confirms commitment to underwriting lines
Lloyd’s underwriter Marketform has confirmed its commitment to all 11 of its current underwriting lines, following a strategic review of the business.
Post Office’s CMO Pete Markey joins Aviva
Aviva has added the Post Office's former chief marketing officer Pete Markey as UK director of brand communications and marketing.
R&Q ramps up acquisitions with Rank Insurance deal
Randall & Quilter has acquired Rank Insurance Limited, a Guernsey captive firm in run-off, from Rank Overseas Holding Limited.
JLT CEO Dominic Burke and Robert Hiscox back Brexit campaign Vote Leave
JLT group chief executive Dominic Burke (pictured) and Hiscox's former chairman Robert Hiscox have been named among 250 business leaders and entrepreneurs backing the Vote Leave campaign.
Stackhouse Poland acquires specialist PI broker for undisclosed sum
Stackhouse Poland has completed the acquisition of specialist professional indemnity broker Chris Frost Insurance Services as it looks to grow both organically and through acquiring ‘like-minded’ firms.
From Mister Maker and Keith Chegwin to upsetting Beliebers, how has #insurance embraced Twitter?
With Twitter celebrating its tenth birthday this week @insuranceswifty decided to ask a number of insurance-based social media advocates for their thoughts on the platform.
Brexit too risky with no insurance policy against it, says Aviva boss
Britain leaving the European Union is not worth the risk when assessing the economic impacts, according to Aviva group CEO Mark Wilson.
Brit-led commercial aviation consortium launches
Brit has launched a Lloyd's consortium for commercial general aviation with capacity also provided by Kiln, Hiscox, Apollo and Pritchard.
Marketform disposes of two books to Beazley
Lloyd's underwriter Marketform has sold its UK open market medical malpractice and UK and international delegated authority insurance businesses to Beazley.
Perils increases loss estimate for Storms Eva and Frank
Catastrophe data firm Perils has revised the loss to the property insurance market caused by Storms Eva and Frank to £578m from its initial estimate of £526m.
Lowest investment returns since 2001 'biggest reason' for Lloyd’s profit fall
Lloyd’s finance director John Parry said the market’s lowest investment returns in 14 years was the main factor behind its £900m profit plunge in 2015.
Highbridge investment returns Broker Network to its 'roots' claims boss Fairchild
Highbridge's majority stake acquisition of Broker Network brings it "back to its roots" as an independent network for independent insurance brokers, according to CEO Andy Fairchild.
Towergate's Ross takes acquisitions off table for at least 12 months
Towergate will not look to make any acquisitions for at least 12 months and then only if it can genuinely make those firms better, according to CEO David Ross.
Career Development: Markel launches new recruitment programme
Markel International has launched a new recruitment programme for graduates, interns and school-leavers
Barbican looks to Capita for MGA MD
Barbican Insurance Group has appointed Capita Managing Agency CEO Iain Bremner as managing director of Barbican Managing Agency.
Broker Network CEO says Highbridge deal keeps it independent
Broker Network CEO Andy Fairchild, pictured, said Highbridge’s majority interest acquisition of £46m into the firm is important for ensuring its independence.
Towergate appoints Atrium founder Christine Dandridge to board
Towergate has appointed Christine Dandridge, the founder and former executive director of Atrium Underwriting, to its board as a non-executive director.
Lloyd’s posts £900m profit plunge in 'undeniably tougher' market
Lloyd’s has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.
Towergate sells majority interest in Broker Network for £46m as broker posts £36.4m EBITDA loss
Towergate has agreed to sell a majority interest in Broker Network to its backer Highbridge for £46m, while reporting what CEO David Ross called a 'robust' income of £353m.
Video: Expertise from A-Z with Stuart Toal
With the casualty market affected by claims inflation and periodic payment orders, is casualty insurance still an attractive option for insurers?