News
Underwriting Service Awards 2013: Winners announced
Last night saw the fourth annual Underwriting Service Awards take place at the Royal Garden Hotel.
AIG and Dual in EOL reinsurance partnership
AIG will partner with Dual corporate risks via the Tamesis Dual specialty excess of loss reinsurance entity, the insurer said today.
Macquarie acquires 19.9% share of Equity Redstar
Aquiline Capital Partners has sold a 19.9% share of specialist motor insurer Equity Redstar to Australian investment bank Macquarie.
Confusion prompts Hampden Underwriting name change proposal
Hampden Underwriting is proposing to change its name to Helios Underwriting to avoid confusion with another entity within the Hampden Group.
Claims Awards Asia: the winners
Last night the winners of the Claims Awards Asia were announced at the inaugural awards ceremony in Hong Kong.
Industry launches ghost broking campaign
The Insurance Fraud Enforcement Department, the Insurance Fraud Bureau, Crimestoppers and the Association of British Insurers has launched a campaign warning young motorists about ghost brokers.
Failure to offer customers payment plans could see brokers lose out on business
Brokers warned to be careful of interest rates on instalment plans.
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Industry bodies join forces to warn public about threat of ghost brokers
ABI, Ifed and IFB work with Crimestoppers in campaign targeting young male drivers.
Insurers hope for strike-out legislation after consultation on Summers review
Only two of 18 parties voice opposition to review in Law Commission consultation.
Chesnara eyes further acquisitions as it posts EEV of £354m
Insurer focused investment firm Chesnara posted an increase in European Embedded Value to £354m for the first nine months of 2013.
Homeserve UK's revenue reduces amid continuing FCA investigation
Homeserve’s UK business has reported reduced revenue in the first half of 2013 to £127.2m from £134.5m in the same period of 2012.
DWF increases insurance income by 34%
Business law firm DWF’s insurance division has increased its income by 34% to £41m by diversifying and developing its core practice offering the firm said today.
Cega to enable Barclays to pay claims via smartphones
Cega Group and Barclays Pingit have joined forces to send payments to customers using only their mobile phone numbers.
Seventeen dead after Cyclone Cleopatra hits Sardinia
Italy has declared a state of emergency after a deadly cyclone hit the island of Sardinia.
JLT appoints Belgibo Insurance to its Belgium network
JLT has appointed Belgibo Insurance Brokers as an official member of the JLT International Network in Belgium.
UK General hails apprenticeship success
Leeds-based specialist insurer, UK General, has employed four apprentices full time after they completed a 12-month scheme.
AIG strengthens EMEA team
AIG Europe has appointed Kelly Lyles as head of specialty lines for the EMEA region.
Former Giles MD re-emerges at Oamps Insurance
Melbourne-based Oamps Insurance has appointed former Giles’ MD Sarah Lyons to the role of head of commercial broking.
Bluefin signs with Gresham Computing to automate ledger reconciliation
Independent broker Bluefin has chosen Gresham Computing’s transaction control product, Clareti Transaction Control, to increase the level of automation in the matching and reconciliation of transactions with counter-party insurers.
Zurich’s Colm Holmes appointed Aviva UK CFO
Aviva has appointed Colm Holmes as chief financial officer for its UK and Ireland general insurance business.
AGCS adopts legal form of European company
Allianz Global Corporate and Specialty has adopted the legal form of a European company and merged with its subsidiary Allianz Global Corporate and Specialty (France), retroactive to 1 January 2013.
Charles Taylor forecasts growth for adjusting business
Professional services firm Charles Taylor is readying itself for growth in its adjusting business following investment in people and assets.
Zurich to phase out life agents in Hong Kong
Zurich is to end its relationship with 700 tied life agents by the end of 2013 as it shifts towards brokers and IFAs.