News
Biba launches manifesto for “the year of change”
The British Insurance Brokers’ Association has launched its manifesto for 2013, promising to meet customers’ needs, promote fairer regulation and support jobs.
Former Lockton International CEO Julian James returns with Allied World
Former Lockton International chief executive Julian James is to return to the market as European president of Swiss insurer and reinsurer Allied World.
Tempo Underwriting granted CII status
Specialty managing general agent Tempo Underwriting has been awarded corporate chartered insurer status by the Chartered Insurance Institute.
Ex-Lockton International boss James returns at Allied World
Former Lockton International chief executive Julian James has joined Switzerland-based insurer and reinsurer Allied World as European president.
The Co-operative and Wunelli unveil young driver app
The Co-operative Insurance has teamed up with telematics solutions provider Wunelli to launch a young driver app.
Premium Credit appoints head of sales and marketing
Premium Credit has named David Pipe as head of sales and marketing. The appointment follows the company’s recent transfer to private equity ownership and other recent senior hires.
Markel notches up substantial COR improvement across the board
Markel International’s combined operating ratio plummeted below the break even line for 2012 after the operation recorded a COR of 88%, down 28% on the previous 12 months.
Kiln strengthens underwriting teams in Singapore and Hong Kong
As Lloyd's insurer Kiln grows in Asia, it has appointed two senior underwriters in Hong Kong and Singapore for marine and aviation.
Kiln bolsters Asian underwriting team
Kiln has appointed Joyce Fung as a marine liability underwriter in Hong Kong and Graham Oddie as an aviation underwriter in Singapore.
Asta brings new Lloyd’s Syndicate
Third party syndicate manager Asta has gained approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate backed by Nephila Capital.
Plantec Holdings secures Carole Nash contract
Plantec Holdings will be the sole provider of overflow motorcycle accident hire for Carole Nash Insurance Consultants.
New Lloyd's syndicate 2357 appoints Willis' Beatty as approval granted
Asta, the Lloyd’s leading third party syndicate manager, today announced that Lloyd’s Franchise Board has granted “in principle” approval for Asta Managing Agency to establish and manage a new Lloyd’s syndicate 2357 backed by Nephila Capital.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
1 500 join class action lawsuit against South Korean life insurers
Seven South Korean insurers set for lengthy legal battle following claims of price fixing insurance premiums.
Ping An purchase already paying dividends
Share price rise is good news for the Charoen Pokphand Group, the Thai conglomerate that bought HSBC's 15.57% stake in Chinese insurer Ping An.
Lloyd's China CEO hails growth ahead of London visit
More syndicates are placing underwriters in Lloyd's China as it sees premiums rise ahead of CEO Eric Gao's London visit in January.
BLM appointed to government Litigation Panel
Berrymans Lace Mawer has been appointed to the General Litigation Lot within the Government Procurement Service Legal Services Framework Agreement – a framework agreement designed to provide a wide range of legal services.
Aviva launched mid-market tools for brokers
Aviva has launched Aviva Premier, a range of tools aiming to help brokers win and retain more mid-market business.
Ironshore strengthens healthcare portfolio in the London market
Ironshore Europe has appointed Jamie Lewis as senior vice president healthcare. Lewis will be responsible for developing Ironshore’s healthcare professional liability portfolio in the London market.
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Dual partners with Everest Re on international D&O programme
In partnership with Everest Reinsurance Company, Dual Specialty Underwriters has launched an international directors’ and officers’ programme aimed at foreign companies listed on US securities markets through American Depository Receipts.
Broughton to replace McGinn as Hanks unveils Allianz exit date
Simon McGinn will succeed Chris Hanks as general manager of commercial at Allianz with effect from 1 July.
$400m satellite loss biggest in market history
The destruction of a satellite during launch last week is believed to be the largest insured loss in the history of the space market.