News
Lloyd’s relaxed on Ping An building deal
The Lloyd’s insurance market is confident that the acquisition of the Lloyd’s building by Chinese life insurer Ping An would not affect operations.
Bluefin acquisitions boss Sugden departs
Bluefin Insurance’s acquisitions lead Marshall Sugden is leaving the firm to join another broker, Post can reveal.
Saffron Insurance teams up with Vamco
Saffron Insurance has appointed Vamco to provide a full-service external claims handling service across its client portfolio.
KPMG names Smart UK insurance boss
KPMG has promoted its Solvency II boss to head up the total UK insurance practice.
Allianz training scheme attracts record response
Allianz Commercial has welcomed its second intake of scholars for its partner academy scholarship programme.
Griffiths & Armour joins Biba panel
Griffiths & Armour has joined the British Insurance Brokers’ Association’s professional indemnity insurance panel.
Former RSA chair Napier joins Ace
Ace has recruited former RSA chairman John Napier to serve as non-executive chairman for Ace Europe and Ace Underwriting Agencies.
Allianz Global Corporate & Specialty names Hong Kong CEO as regional financial lines head
Allianz Global Corporate & Specialty is to dispatch its Hong Kong chief exec to London in a new role as regional financial lines head.
Axa Art awards grant to Harvard museums
Art insurance specialist Axa Art has awarded its conservation research grant to Harvard Art Museums in the US.
Coverbox promotes two in growth drive
Telematics insurer Coverbox has promoted two senior staffers, anticipating business growth.
Non-traditional capacity hits Asian market at April renewals
Dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013, according to Guy Carpenter.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
Lorega extends Broker Network deal
Broker Network and Countrywide have extended their relationship with Lorega through the launch of a household loss recovery insurance product.
Top five Asian news stories
Here are a round up of the top five Asian news stories from www.insuranceinsight.com in the last seven days.
April reinsurance renewal rates were competitive
Increased capital and competition meant similar or falling reinsurance rates in April despite a predicted active 2013 hurricane season, according to corporate stockbroker Westhouse.
China to monitor insurers' asset management
The China Insurance Regulatory Commission has created a committee to monitor insurers management of their assets.
Insurers miss opportunity to voice opinions on EU consultation on PPOs
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
Commentators question new Davies CEO Saulter’s claims credentials
Former Davies chief executive Charles Crawford has backed the long-awaited appointment of his successor at the loss adjuster in the shape of Towergate’s group mergers & acquisitions boss Dan Saulter.
Brokers concerned over Aviva future as Deakin departs to join AJ Gallagher
Brokers have counselled Aviva against introducing “wholesale change” to its broking distribution channel following the resignation of stalwart Janice Deakin after 13 years at the insurer.
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…
Law report: Medical evidence takes precedence in successful appeal over RTA verdict
This law report has been submitted by law firm Berrymans Lace Mawer.
Law report: Lack of training and risk assessment blamed for fall
This law report has been supplied by law firm Berrymans Lace Mawer.
Law report: Appeal Court rules on PPO dispute
This law report has been contributed by law firm Berrymans Lace Mawer.
Market Moves: Bluefin makes two key hires, while it was a busy week for insurers too
In a week in which cross-industry recruitment arrived thick and fast, Bluefin was the firm flying the flag for the broking sector, having announced two key hires in the form of a non-executive chairman and a head of high net worth. Not to be outdone by…