News
Swiss Re's Schnegg relocating to Singapore
Swiss Re's head of property and casualty and claims manager in Asia is relocating to Singapore from Switzerland at the beginning of January.
Fitch confident of Indonesian growth
Ratings agency Fitch has given Indonesia a stable outlook for both life and general insurance in 2014.
Howden hails Hyperion's combined marine arm
Hyperion chief executive David Howden is hopeful of building the world's leading marine broker by bringing together FP Group and Howden’s marine division to create a single marine broking arm.
SMEs and charities to be excluded from flood legislation
Small and medium sized enterprises are not to be included in Flood Re legislation, the government has announced.
Hyperion CEO tips combined marine arm to become global leader
Hyperion chief executive David Howden is hopeful of building the world's leading marine broker by bringing together FP Group and Howden’s marine division to create a single marine broking arm.
Aspen Reinsurance appoints head of North American surety
Aspen Reinsurance, the reinsurance segment of Aspen Insurance, has appointed Scott Hurlburt as senior vice president and head of North American surety.
BGL brands aim to double commercial vehicle base by 2015
Budget Insurance and Dial Direct are aiming to double their base of commercial vehicles over the next 14 months.
Carole Nash unveils ABS following New Law partnership
Motorcycle broking specialist Carole Nash has teamed up with New Law to launch a legal services proposition under the name of Carole Nash Legal Services.
Welsh asbestos bill passed
The Welsh Assembly has passed a bill allowing for the Welsh NHS to recover costs from the insurers of employers whose employees were exposed to asbestos.
Flood Re 'devalued' by affordability fears claims CII broking group
Flood Re is “devalued” by a lack of proposals to address issues of affordable premiums according to a paper from the Chartered Insurance Institute’s new generation broker group.
Insurers facing 'fundamental issues' ahead of Solvency II implementation
Only half of insurers understand the full impact of Solvency II, according to PA Consulting Group, which claims the industry must overcome “fundamental issues” in order to be ready in time.
ABI GI boss Evans urges insurers to prepare for future challenges
Insurers should start preparing for future challenges impacting their business in the face of regulatory changes and an increased focus on digital, the Association of British Insurers’ policy director and deputy director general has said.
Lance Armstrong settles with US insurer over $3bn lawsuit
Lance Armstrong has reached a settlement with Acceptance Insurance in relation to performance bonuses paid to him between 1999 and 2001.
Cigna and British Money team up for new product
White-label insurance provider Cigna Insurance Services and British Money have partnered up to provide new protection product Universal Cover.
Cigna partners with British Money on new product
White-label insurance provider Cigna Insurance Services has partnered with British Money to provide protection product Universal Cover.
AGCS appoints key account manager
Allianz Global Corporate & Specialty has appointed Danny Turner as key account manager.
Ruling threatens brokers’ unidentified funds arrangements
Arrangements by brokers to deal with unclaimed client money could be threatened by a recent Commercial Court decision which calls into question proposals by the conduct regulator on credit write-backs.
Aviva app rates Norfolk drivers as among the least safe in the UK
Drivers in Norfolk are among the least safe in the UK, according to analysis from Aviva’s drive app.
Gallagher raising $200m for acquisitions
Arthur J Gallagher has revealed plans to generate up to $200m of cash through a stock sale announced last night.
Coface report highlights uneven growth in CEE markets
Most countries in Central and Eastern Europe are experiencing a slowdown in GDP growth, rising insolvency rates and high unemployment due to the economic crisis in the Eurozone, according to the latest Panorama report from credit insurer, Coface.
Former South African broker accused of fraud identified by UK students
An insurance broker who fled South Africa after being accused of committing £1.5m fraud has been identified by UK school students he taught in Cornwall.
Hyperion appoints David Jack as first CIO
Hyperion Insurance Group has appointed David Jack as its chief information officer – a new role for the business.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Motor players facing 2013 profitability slump, claims report
Motor insurers are being dragged further away from profitability as a result of a combination of competitive pressure on pricing and firms over-estimating the impact of cost savings arising from civil litigation reforms.