News
Japanese insurers to shrug off snow, says Fitch
The worst snowfall in several decades in central and North-Eastern Japan is unlikely to damage the earnings profile of general insurers, says Fitch Ratings.
Cooper Gay rebrands and strengthens marine division in Asia
Cooper Gay has rebranded its marine insurance business in Asia as Latitude Brokers and appointed three brokers to the team.
Jelf brings Riverside into the fold following acquisition
Jelf Insurance Brokers chief executive Phil Barton has welcomed Purple Partnership member Riverside Insurance Brokers’ decision to “take the next step” and join Jelf following the acquisition of the Kent-based business.
Dye hopes storms will have 'corrective' impact on rates
The impact of poor weather in the fourth quarter of 2013 and the first quarter of 2014 could see rate strengthening across a number of business lines, Allianz Insurance chief executive Jon Dye said today.
LV Broker appoints Tim Rourke to pricing role
LV Broker has appointed Tim Rourke as its motor pricing head to grow the ABC and Highway motor books.
Ex-Cunningham Lindsey boss Ventris returns to Parabis for 'unspecified' role
Neil Ventris is to return to Argent Liability Adjusters parent Parabis for an unspecified role less than a year after leaving the business, Post can reveal.
Ace becomes a chartered insurer in the UK
The Chartered Insurance Institute has awarded Ace Group’s UK retail property and casualty operations chartered insurer status.
Apprentices will help keep insurance in UK says skills minister
Boosted numbers of insurance apprentices will reduce the desire among insurance companies to base themselves overseas according to skills and enterprise minister Matthew Hancock MP.
Willis’ Nichols moves to JLT Towers Re
Embry Nichols has been appointed vice president of JLT Towers Re public entity practice.
Willis looks to McKinsey for marketing director hire
Willis has appointed Andy Whitehouse as its group director of marketing and communications.
Beaumonts acquires E Farley & Son
Independent broker Beaumonts has acquired Bradford based broker E Farley & Son.
UK storm and flood losses manageable for insurers says Fitch
The losses relating to the 2013/2014 winter floods and storms will be manageable for UK non-life insurers, according to a report by Fitch Ratings
More pets surviving cancer thanks to pet insurance, Aquarium says
Insurance software provider Aquarium has highlighted pet insurance as contributing to more pets surviving cancer.
Allianz UK profits climb 5.6% for 2013
Allianz has revealed UK operating profits climbing 5.6% to £170.5m in its full year 2013 results.
Mazars strengthens insurance team with two appointments
Advisory firm Mazars has announced two appointments within its insurance practice including Stephen Moore as a director.
Ascot signs five-year claims deal with Xuber
Ascot Underwriting has signed a five-year deal with Xuber, Xchanging’s insurance software business, for the provision of claims.
Hiscox announces Direct Asia acquisition
Hiscox has acquired Singapore-headquartered Whittington Group’s online business DirectAsia, subject to regulatory approval.
Insurance industry apprenticeship scheme kick-started
The insurance industry’s bid to double the number of apprentices was officially launched by high-profile figures from the sector at an event hosted by the Chartered Insurance Institute this morning.
Henry heads Marsh's Scottish business following Central takeover
takes helm of Marsh in Scotland following Central takeover
Amlin posts 23% profit rise for 2013
Lloyd’s carrier Amlin reported an increase in profit before tax of 23.3% to £325.7m for the full 2013 year.
Arthur J Gallagher creates Asia hub
Arthur J Gallagher has appointed Dick Heath as head of its newly created regional hub Arthur J Gallagher Asia.
RSA upgraded to A by S&P as strategic actions are undertaken
RSA has welcomed the decision by Standard and Poor’s to upgrade its rating to ‘A’ with a stable outlook following a rights issue and wider strategic actions undertaken by the insurer.
Zurich appoints Holce head of motor claims, Asia-Pacific
Peter Holce has moved from Aviva in the UK to work for Zurich's Asia-Pacific claims team based in Kuala Lumpur.
Malaysia Insurance Institute to help Cambodia in training
The Malaysian Insurance Institute and the Insurance Association of Cambodia have signed a memorandum of understanding to help enhance insurance knowledge and skills development for the insurance profession in Cambodia.