News
AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
CC publishes proposed measures for private healthcare sector
The Competition Commission has outlined its proposed measures to increase competition in the private healthcare market including divesting nine private hospitals to introduce greater rivalry in major population centres and areas of high private health…
Markel appoints QBE’s Bragg as senior underwriter
Markel has appointed Charles Bragg as senior underwriter for ports and terminals.
Compliance and in-house teams bolstered by Broker Network
Broker Network has bolstered its in-house broker development managers team by recruiting four new starters ahead of plans to draft in three more BDMs during the course of the year.
Bluefin looks to Axa as HR director Parsons departs
Bluefin has confirmed its human resources director Andy Parsons has left the broker.
Axa announces two senior broker-facing appointments
Axa has made two senior broker-facing appointments including looking to Aviva to fill a relationship manager role.
Michael Jackson case settled for undisclosed amount
A settlement has been reached between Lloyd’s and Michael Jackson’s estate over the insurance payout from the singer’s cancelled concerts in 2009.
Plum promotes Bromley to business development role
Plum Underwriting has promoted underwriting team manager Stuart Bromley to the role of development underwriting manager.
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Windstorm Xaver property losses were €680m, according to Perils
Perils, which provides catastrophe insurance data has released an initial loss estimate for December windstorm Xaver, which affected Western and Northern Europe, of €680m for insured property losses.
Sales of cyber-insurance climbed 30% in 2013 at AIG
AIG saw a 30% rise in sales last year compared to 2012 of the specialist insurance that protects companies from data breaches and cyber attacks.
Euler Hermes establishes Singapore single risk team
Trade credit insurer Euler Hermes has established a single risk and political risk insurance team based in Singapore aimed at larger bespoke projects.
Perth bushfires to cost at least A$13m
Insurance assessors have started reviewing claims in bushfire-affected communities in the Perth Hills following bushfires that have destroyed or damaged many homes, businesses and vehicles.
Cobra Network snaps up three new members
Cobra Network has made a positive start to 2014 after signing up three new members.
Industry encouraged to apply to lead Flood Re body
The search for a chief executive and chief financial officer for Flood Re Ltd has begun, with a CEO appointment expected before the end of H1.
MoJ working group to have medical panels solution in place by July
The Ministry of Justice will launch a cross-industry working group next month charged with ironing out a solution for the implementation of independent medical panels targeting bogus whiplash claims.
ABI downplays Flood Re delays
The ABI has played down suggestions that Flood Re will miss its summer 2015 deadline, claiming it is making “good progress” with preparations for the scheme.
Former ABI conduct director Craig to join FCA
Former Association of British Insurers financial conduct regulation director Maggie Craig is to join the Financial Conduct Authority this month as an advisor.
More than 60 jobs created by Admiral and Auto Windscreens partnership
Admiral Group has signed a three and a half year preferred supplier agreement with Auto Windscreens that is set to create more than 60 jobs at the repair company.
Generali backs Italian stem cell trial
Italian insurer Generali and research organisation Associazione Revert Onlus have begun a three-year partnership to support cell therapy clinical trial on Amyotrophic Lateral Sclerosis.
Flood Re could miss 2015 start date
Delays to the Flood Re programme mean the long-awaited scheme may struggle to meet its summer 2015 launch date, according to reports.
Brit raids Amlin for UK property underwriting trio
Brit Group has appointed three senior underwriters from Amlin to develop a new UK property portfolio.
Risk managers complacent on cyber and terrorism risks
Risk managers may be seriously underrating major threats facing their businesses according to an Aon survey of captive directors.
Pioneer launches Lloyd's Sub-Syndicate 1980
Pioneer Underwriters has launched its Lloyd’s Sub Syndicate 1980 in conjunction with Liberty Syndicate 4472.