News
Biba swaps Lorega for DAS on loss recovery scheme
The British Insurance Brokers Association has replaced loss recovery scheme provider Lorega with DAS UK Group.
Liberty eyes remaining Quinn stake
Liberty Insurance’s Irish chief executive has said the group wants to wrestle full control of the former Quinn Insurance Group.
UK P&I club posts combined ratio of 104%
The UK P&I Club produced a surplus of $9.5m, for the year ended February 2013, increasing its free reserves and hybrid capital to a new high of $494m.
Marsh seeks to extend MENA operations with appointment
Marsh has appointed Neil Irwin to lead the firm’s business development across its Middle East and North Africa region as the broker plans to extend its insurance and risk management services in the region.
UK P&I Club closes year with 104% COR
One of the oldest providers of mutual liability insurance to ship owners, UK P&I Club, has closed its financial year with a surplus of $9.5m increase in fee reserves to $494m (2011: 409m) and a combined ratio of 104% (2011: 98%).
CII names quarter of apprenticeship ambassasdors
The Chartered Insurance Institute has named four Bluefin staff as ambassadors for the apprenticeship schemes.
Guidewire acquires P&C data management specialist Millbrook
General insurance software specialist Guidewire has acquired Millbrook, a provider of data management and business intelligence solutions for property and casualty insurers.
Aviva to send 600 UK jobs to India
The union Unite has accused Aviva of betraying its UK workforce by offshoring hundreds of back office processing jobs to India.
JLT acquires in Indonesia
Jardine Lloyd Thompson has acquired two businesses in Indonesia which will help its employee benefits offering.
Shakespeares is ‘ABS-ready’ to support insurers
Law firm Shakespeares has secured an alternative business structure licence, with views to engaging in joint ventures with insurers, third parties and corporate clients.
Claims Club Asia: 23 May agenda
Insurance Insight is delighted to announce the speakers and topics for the inaugural meeting of the Claims Club Asia in central Hong Kong on 23 May.
Fashion firms unite for safety improvements in Bangladesh
Clothes retailers have agreed some important steps to help improve health and safety at Bangladesh's factories.
Ping An hit by brokerage ban
Chinese insurer Ping An's shares fell after its securities brokerage division was given a three-month ban by the China Securities Regulatory Commission.
Markel unveils liability product catering for charities
Markel UK has launched a liability product for charities and community groups, which will be available to brokers through the specialist insurer’s e-trading system.
Mass welcomes Grayling’s call for lower insurance premiums
The Motor Accident Solicitors Society has welcomed Chris Grayling’s challenge to the insurance industry to bring down premiums.
AGCS appoints technology risks underwriter
Allianz Global Corporate & Specialty has appointed James Tuplin as a technology risks underwriter within the financial lines team.
Night-curfew will not cut young drivers premiums
The introduction of a night-curfew for young drivers will not help lower insurance premiums or promote road safety, Insure The Box has warned.
Jelf deal marks return to form, says Alway
"Most if not all" of The Insurance Partnership directors are expected to accept the majority of the purchase price in shares, according to chief executive of the broker's new owner Jelf Group, Alex Alway.
UK General inks Risk Stop partnership
UK General Insurance and Risk Stop have completed a deal that will see the latter provide three years of risk management services to the insurer and its clients.
VFTT: Anticipating client growth aspirations
Europe's slow recovery is encouraging firms to seek growth in unfamiliar markets, but few consider whether their insurer is equipped to support them in their expansion, QBE's Barbara Chandler says.
Opinion: White lies, black lies & statistics
Ms. Nyman’s recent piece in Insurance Insight entitled, “UAE Insurance Sector Expected to Grow in 2013” proved interesting to read for a number of reasons.
Golf course liability case headed to Supreme Court
Solicitors for Niddry Castle Golf Club are awaiting a response from the Supreme Court on permission to appeal against a decision at Scotland’s inner court that found it chiefly liable for an on-course injury.
Swinton and SSP sign five year IT solutions deal
Swinton has renewed a deal with SSP that will see the technology firm provide IT solutions across the business for five years.
Countdown to Biba 2013: #BIBAFever episode one
With days to go until the British Insurance Brokers’ Association conference at the Excel Arena in London, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.