News
Central deal was two years in the making, claims Marsh boss
Marsh’s first ever managing director for Scotland is targeting regional dominance after revealing an array of interested parties were turned down ahead of the deal that saw his former Central Insurance Services business acquired by Marsh.
UIA selects RDT solution to replace legacy systems
UK-based insurer UIA has selected technology provider RDT’s landscape solution following a comprehensive market review.
Tributes paid to Agrical’s Collinson following death
Agrical managing director Nigel Collinson has been described as an “inspirational and close friend” by his business partners of 18 years.
Airmic education initiative set to go live
An Airmic initiative that will provide educational and social support to people new to risk management is scheduled to go live this month.
Insurers cautious on Arctic voyages says LMA
Underwriters in the Lloyd's market would not be surprised to see proposals for cruise ships transiting Arctic routes to travel in pairs, the Lloyd's Market Association said this week.
Marsh cements Scottish position with Central Insurance deal
Marsh has reached an agreement to acquire Aberdeen-based Central Insurance Services in a deal that is expected to propel the combined entity to being the leading broker in Scotland.
Restoration work gathers momentum as EA issues flood warning
Residents and business owners in the South West, Oxfordshire and Dorset have been urged to prepare for more flooding following torrential rain and strong winds this morning.
Lark to generate £25m annually following HMT re-brand
HMT has been re-branded as Lark Special Risks & Post Conflict five months after Lark acquired the Esher-based broker.
Mega-yacht portfolio growth leads to R&Q marine MGA capacity boost
The specialist global managing general agent platform of Randall & Quilter has made it possible for R&Q Marine Services to offer yacht insurance buyers immediate capacity to insure vessels for up to €235m (£195m).
Close to 100 000 Staysure policyholders at risk of hacking
Staysure has warned 93 389 customers that some of their sensitive bank card details may have been stolen after the travel insurer's IT security was breached.
Direct Line deploys emergency response vehicle to Gloucester
Direct Line has mobilised its ‘Charlie’ emergency response vehicle to assist flood stricken customers in Gloucester.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
Cullum set to launch equity release venture
A new broker equity release venture backed by Towergate's non-executive deputy chairman Peter Cullum is set to launch in the coming weeks.
Sheffield broker backs 'man of steel' project
IFM Insurance has agreed to back a plan for a £30m landmark sculpture in Yorkshire.
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.