News
Lutine held by Direct Group following transfer of Jubilee syndicates
Direct Group is to retain Birmingham-based Lutine Assurance Services as its strategic protection provider to the intermediary market.
Argenta announces three internal appointments
Argenta Syndicate Management has cited depth of experience in its underwriting team as it announced three internal appointments today.
Caravan Guard appoints Arc Legal for specialist schemes
Arc Legal Assistance has been appointed by broker Caravan Guard to provide legal expenses insurance schemes for its touring caravans, holiday caravans, park homes and holiday homes business.
Storms hit German insurers for €7bn
Floods and hailstorms through 2013 are set to cost German insurers almost €7bn according to the German Insurance Association.
Environment Agency warns of 'danger to life' in 21 flood zones
The Environment Agency has issued 21 severe flood warnings across the UK , noting that storms hitting the UK could threaten lives locally.
Biba to consult on professional standards in 2014
The British Insurance Brokers’ Association is to conduct a consultation on professional standards within the broking industry in the first quarter of 2014.
Johnson to take on Davey's EMEA role at FM Global
FM Global has confirmed that Chris Johnson, former senior vice president and division manager for Asia Pacific, will take on the EMEA division manager role vacated by Kenneth Davey.
Charles Taylor appoints Creasy as non-exec
Charles Taylor has appointed former Kiln chairman Edward Creasy as a non-executive director with effect from 1 January 2014.
Broker standards body launched
A new standards body has been launched to improve behaviour and standards in the broking industry.
ABI has 'no plans to bring Flood Re forward'
The ABI has rejected calls to bring the implementation of Flood Re forward in the wake of severe flooding over the Christmas period.
SRA to release figures on solicitor closures next week
The number of solicitors shutting up shop after failing to obtain professional indemnity insurance is likely to be confirmed next week, the SRA has said.
Lonmar moving to new London HQ
Lloyd’s broker Lonmar Global Risks is ringing in the New Year with a move from the central London office it has been based in for the past 12 years.
Female motorists unlikely to suffer renewal hikes, claims AA boss
Falling premiums within the motor market will mask the worst effects of the European Court of Justice’s gender ruling for young women renewing their car insurance in 2014, according to the AA’s director of insurance.
FM Global EMEA chairman Davey retires
FM Global’s Ken Davey, chairman of the Europe, Middle East and Africa division, has retired after 40 years with the insurer.
China sets up first marine insurance association
China has launched its first professional marine insurance association called the Shanghai Institute of Marine Insurance.
Home insurers expected to pass on 2013 savings to consumers
Home insurance premiums could fall by at least 5% this year as home insurers pass on the benefits of achieving their best set of results in almost two decades.
LV investment boss Mayall departs
LV’s chief investment officer Wendy Mayall has left the insurer just over a year and a half after arriving.
Liberty Syndicate non-exec Youell retires
Richard Youell has retired from his role as non-executive direction of Liberty Syndicate management, with former Allianz boss Chris Hanks replacing him.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Christmas storms unlikely to halt sliding premiums
Storms which battered the UK over the Christmas period are unlikely to contribute to reversing tumbling home and motor premiums according to the AA.
Cunningham Lindsey sees storm claims rush in from southern England
Loss adjuster Cunningham Lindsey has reported the majority of claims resulting from yesterday’s storm have been spread across southern England.
Brokers should brace for more reforms in 2014
Brokers should be prepared to have their earnings hit even harder in 2014 as the Financial Conduct Authority concludes its market study into insurance add-ons according to a legal expenses insurer.
Perkins replaces Gienal as Zurich COO
Zurich Insurance has announced the appointment of Barry Perkins as chief operating officer, UKGI & shared services, effective from 1 January 2014.