News
GRP's property owners MGA secures HDI Gerling-led capacity deal
Global Risk Partners’ property owners managing general agent European Property Underwriting has secured a capacity arrangement led by HDI Gerling, with major co/reinsurance input from Liberty Mutual Insurance and Swiss Re Corporate Solutions.
Climate Wise CEOs call for more action to slow climate change
The leaders of 15 Climate Wise members have written to the governor of the Bank of England Mark Carney and the Prudential Regulation Authority for more collective action to reduce the risk of climate change impacting society and, ultimately, the…
Video: Tackling the emerging threat of commercial lines fraud
Employers’ and public liability are areas that have increasingly become targets for fraudsters, amid a crackdown on personal lines fraud by the general insurance industry and the regulator.
SMEs' concerns over competition increasing, Zurich research finds
Small and medium-sized enterprises globally are increasingly concerned about the impact of competition on margins and a lack of consumer demand, according to Zurich's third annual global SME survey.
Vincenz takes up post as Helvetia chairman
Pierin Vincenz has today (1 October) taken up the role of chairman of the board of directors at Helvetia group.
Principal Insurance buys Kendal-based Marsh broker
Principal Insurance has acquired Marsh's Kendal-based motor broking business with all six staff transferring with the business.
Impact Forum: Insurers need to reclaim the aviation market
Insurers need to regain control of the aviation market before it is too late, according to Olivier Marre, senior vice-president of aviation at Allied World.
IT staff unconvinced on need to invest on cyber insurance
Nearly half of IT professionals polled by a software firm thought there was “insufficient need” to invest in cyber insurance.
Ageas keeps ties with Volkswagen after emissions scandal
The Volkswagen emissions scandal is to have no impact on its partnership with Ageas, the insurer has confirmed.
FCA sees 13.6% drop in GI complaints
Complaints to the Financial Conduct Authority about general insurance and "pure protection", a group that includes payment protection insurance, decreased by 13.6% in the first half of 2015.
Hastings to float with negative tangible equity, research house claims
Research firm Macquarie has predicted that the upcoming Hastings initial public offering will raise £180m for the company, but it will begin its life on the stock market with negative tangible equity.
TIFG to provide specialist insurance for Ski Club of Great Britain
The Ski Club of Great Britain has appointed Travel Insurance Facilities Group to launch a new suite of bespoke travel insurance products for the ski and snowboarding markets.
Broker Network MGA unveils eight core commercial products
Broker Network’s managing general agent Broker Network Underwriting has launched eight core commercial products underwritten by Ageas, Ace and QBE.
Quindell posts £35.5.m loss for H1
Quindell has posted a pre-tax loss of £35.5m for the six-month period ending 30 June 2015, compared to a loss of £25.6m in the same period in 2014.
Insurance results drives Saga performance
The motor and home insurance businesses at Saga have contributed to a strong groupwide performance in the six-month period ending 31 July 2015.
Ageas eyes Indonesia after Hong Kong sale
Ageas CEO Bart de Smet has said the insurer is interested in expanding in Asia's less developed markets.
No significant insurance losses from Typhoon Dujian, says AIR
Typhoon Dujian which hit Taiwan and China over the last few days brought strong wind and heavy rain but few insurance losses according to modeling firm AIR Worldwide.
Carney warns of climate change threat to insurers
Speaking at the annual Lloyd's of London dinner last night, Mark Carney, the governor of the Bank of England warned about the troubling financial implications of a changing climate for insurers.
Risk managers admit need for new skills in face of emerging risks
More than seven out of 10 (71%) risk managers consider their overall level of influence is greater now than it was three years ago, according to Ace European Group research.
Interview: Richard Bishop: Complex and compliant
Cobalt Underwriting founder Richard Bishop talks to Post about why he launched London’s first Islamic insurance managing general agent – and why London needs to stay relevant.
Penny Black's Insurance Week - 1 October 2015
Penny finds some things dreadfully predictable, including the way the English do things ‘a bit differently’.
Revised rehab code addresses loophole after ‘challenging' consultation
Those involved in putting the updated rehabilitation code together have conceded it was a "challenging" process to satisfy all parties ahead of the code becoming operational in December.
Warren Buffet reduces Munich Re shareholding
US investor Warren Buffet has reduced his shareholding in Munich Re, the German-based firm has said.
Brightside sees £43.7m loss for 2014
Broker Brightside Group has posted a £43.7m loss for the year ended 31 December 2014 compared to a profit of £7.7m in 2013, documents filed at Companies House have revealed.