News
First Title recruits from Law Society for business development boss
Legal indemnity provider First Title Insurance has recruited former Law Society brand boss Neil Skinner to lead business development in Scotland and Ireland.
UK General to launch niche motor scheme alongside Enterprise
UK General is preparing to launch itself into the non-standard motor arena with a scheme for brokers, in partnership with Gibraltar-based motor and general insurer Enterprise Insurance.
Swiss Re "on target" after $1.4bn Q1 net income
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Swiss Re Q1 income jumps 21%
Swiss Re is “on track to achieve its financial targets” after posting net income of $1.4bn for the first quarter, up 21% on the prior year period.
Bought By Many and Travel Adder to offer travel insurance for over 65s
Social media powered insurance intermediary Bought By Many has partnered with Travel Adder to launch a travel insurance policy for over 65 year-olds.
Former IFB and Groupama director Phil Bird returns as a broker with Coversure
Former Groupama Insurances claims and non-motor & SME underwriting director director Phil Bird is to return to the insurance market in June as a broker with Coversure based in Essex.
More than 1000 UK motorists attacked by missiles in 2012
On average two motorists were attacked by thrown missiles every day of 2012, according to figures obtained by Autoglass.
QBE to grow Singapore political violence book
QBE, the business insurance specialist, plans to further develop its book of political violence business written in South East Asia with a three year business plan for profitable growth.
Multilingual travel assistance tool launched
A travel assistance service offering UK tourists and business travellers telephone support in their own language has launched.
Axa to launch a new personal lines proposition at Biba 2013
Axa commercial lines and personal intermediary will launch a new personal lines strategy at the British Insurance Brokers’ Association’s conference.
Ageas joins Hood Group home insurance panel
The Hood Group has added Ageas to its home insurance panel in a deal that will safeguard the insurer’s engagement for the next five years.
DLG forecast to lose UK motor market share at Q1
Direct Line Group could see its share of the UK motor market diminished in its first quarter results on Friday, according to an analyst note.
L&G chalks up 4% GWP increase amid record gains
Legal and General’s general insurance business achieved gross written premium growth of £86m, up 4% on the first quarter of last year (£83m).
Quindell Portfolio wins accident management contract
Quindell Portfolio has won a contract with an accident management company which will see the software, consultancy and technology provider aggregate volume from smaller brokers and other insurance intermediaries.
AIG targets marine, P&C growth in London
US insurance giant AIG is hoping to see its European operation, which includes the business formerly known as Chartis, grow in London’s wholesale market.
Lancashire CEO Brindle admits Aon/Berkshire deal concerns as it unveils $77.9m Q1 profit
Lancashire Holdings this morning reported a jump in pre-tax profit and post tax profit for the first quarter of 2013 to $78.9m (Q1 2012: $46.5m) and $ 77.9m (Q1 $45.6m) respectively.
RSA records stunted UK growth in Q1 despite commercial 'progress'
RSA'S UK business posted stagnant growth for the opening three months of the year, with net written premiums recorded at £726m (Q1 2012: £725m).
Towergate CEO Hodges hails new "flexible debt structure" after £396m bond issue
Towergate has announced the pricing of the offering by its subsidiary, Towergate Finance, of floating rate senior secured notes due 2018 in an aggregate principal amount of £396m.
Gallagher acquires Barbon Insurance Group’s commercial and property interests
Arthur Gallagher & Co has confirmed the acquisition of all of the property and commercial businesses within the Barbon Insurance Group, for an undisclosed consideration.
Asia helps spur RSA premium growth
RSA saw net written premiums rise 5% in the first quarter of 2013 including a 16% rise across Asia, South America, Eastern Europe and the Middle East (combined) and 18% in Canada.
Markel completes acquisition of Alterra
Markel has completed the acquisition of Bermuda-based insurer and reinsurer Alterra Capital Holdings for $3bn.
EU considering action over Bangladesh building collapse
The European Union could remove certain conditions of its trade preference scheme with Bangladesh following awful building collapse incident.
HSBC sells off another Asian insurance asset
Following a series of exits from insurance companies in Asia, HSBC Insurance has now sold its stake in its joint venture in life insurer Hana HSBC Life.
Singapore continues with ERM framework
The Monetary Authority of Singapore is pressing ahead with the development of new enterprise risk management requirements for the domestic insurance industry, despite industry concerns that the proposed implementation timetable is too tight.