News
Paymentshield targeting brokers in personal finance campaign
Paymentshield chief executive Tim Johnson is calling on brokers to educate clients on the benefits of consulting a professional advisor after a survey showed 50% of respondents have never reviewed their finances.
Questgates swoops on loss adjusters from Cunningham after 'business wins'
Questgates has made a number of appointments following "further new business wins".
Tinkoff takes Guidewire software to Russia
Direct-to-consumer insurer Tinkoff Online Insurance has chosen Guidewire Software’s Guidewire Insurance Suite as its platform for underwriting, rating and policy administration, claims management and billing.
Zurich reports £20m fall in UK GWP in first nine months
Zurich’s UK reported business operating profit of £113m in the first nine months of 2013, up 79% year on the same period in 2012.
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
Broker Network pens three year deal with Lorega
Broker Network chief executive Gary Duggan has hailed the signing of a three year exclusive deal with Lorega as enabling his organisation to ensure “the highest quality” claims support services to members.
Solvency II on track after Omnibus II deal reached
A deal has been reached by the trialogue parties of the European Union on Omnibus II, putting an end to months of political wrangling that threatened to derail the Solvency II implementation deadline.
RSA downgraded on profit warnings
RSA’s financial strength and issuer credit ratings have been downgraded from ‘A+’ to ‘A’ by Standard and Poor’s following its profit warning,
Zurich sees European GWP shrink in first nine months
Zurich's general insurance business recorded a 3% increase in gross written premiums and policy fees to $28.2bn (£17.57bn)in the first nine months of 2013.
Zurich records 2% profit increase to $3.6bn in Q3
Zurich's business operating profit increased by 2% at the end of Q3 2013 compared to the same time last year.
Insurance losses won't top $100m in the Philippines, says Eqecat
As a result of low insurance penetration in the disaster struck areas of the Philippines from typhoon Haiyan, the insurance bill is not expected to be more than $100m according to catastrophe risk modelists Eqecat.
AGCS appoints Asia engineering manager
Chris van Gend has been appointed Allianz Global Corporate & Specialty's regional engineering manager for Asia.
FCA alert to issues with broker sidecar deals
The Financial Conduct Authority has its eye on broker facility deals in the London Market, such as the one forged between Aon and Berkshire Hathaway.
CMS publishes 'practical guide' on claims against law firms
CMS has published a guide on claims against solicitors to assist parties involved in the professional indemnity market for law firms.
XL hires Le Boutillier as senior underwriter for fine art & specie
XL Group has appointed Paul Le Boutillier as senior underwriter for fine art & specie.
Tech company warns of ‘wilful blindness’ liability in ignoring telematics data
Businesses failing to correctly use their telematics systems to monitor and act upon drivers’ behaviour could be leaving themselves exposed to costly legal action in future, according to technology provider In-Car Cleverness.
HCC swoops for QBE underwriter to boost PI team
HCC International has hired professional indemnity underwriter Nicola Marshall to join its London-based PI team.
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Ex-Davies CEO Crawford resurfaces in consultancy role
Former Davies chief executive Charles Crawford has launched his own consultancy firm 13 months after leaving the loss adjuster.
Eversheds' Jagger joins Pool Re as non-exec
Denise Jagger, a senior corporate finance lawyer and partner at Eversheds, has joined terrorism reinsurer Pool Re as a non-executive director.
IFB levy increase not prohibitive to members who see ‘value for money’
The Insurance Fraud Bureau’s decision to increase its levies for 2014 will not be an obstacle to membership, according to market commentators, as its data sharing capabilities are seen as “value for money”.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
Plum Underwriting expands renovation product to ROI
Plum Underwriting has launched its Home Works product in the Republic of Ireland to protect homeowners undertaking extensive building extension projects and renovations.