News
Insurance industry failing to win over business students
The insurance industry’s lack of appeal to business students could impact the sector’s future success, according to a study carried out by business advisory firm Deloitte.
Price softening opens door for smaller Lloyd's syndicates to grab market share
Catlin Group’s primary syndicate remains the leading Lloyd’s syndicate in terms of 2013 gross written premium, although its top spot could be under threat as other operations seek to obtain fresh market share.
LMA to offer climate change seminar for CEOs
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Carpenters Solicitors acquires Sussex firm
Carpenters Solicitors has acquired Sussex-based claimant, defendant and costs solicitors DB Legal.
40% of London market premiums 'under threat' says LMG
The London Market is facing a raft of challenges to its position as the dominant insurance hub, according to a report into the market’s competitiveness released today.
RSA’s Hood handed chief digital officer role
RSA has promoted digital and multi-channel director Ian Hood to the newly created role of chief digital officer.
Markerstudy partners with Premium Credit on retail deal
Markerstudy has appointed Premium Credit as its retail division premium finance partner.
Quindell attempts to shore up tumbling share price with director buys
Quindell CEO Robert Fielding is the latest of the company's directors to boost their shareholding in the business, purchasing nearly 23,000 shares.
Gherkin acquired by Safra Group
London’s Gherkin building, home to Swiss Re, has been acquired by an investment group led by Brazillian banker Joseph Safra.
Discovery acquires Prudential's remaining stake in Pru Health
South African medical insurer Discovery is to acquire Prudential's remaining 25% stake in Prudential Health for £155m.
Clear picks up Heartland Group
Independent broker Clear Insurance Management has acquired Leamington Spa-based Heartland Group.
Galactic loss and Antares explosion likely to put pressure on rates
The recent crash of the Virgin Galactic test flight and the Antares rocket explosion will put upward pressure on rates across the aviation sector, according to AM Best.
Equinox Global expands its presence in France
Equinox Global, the Lloyd’s cover holder, has appointed Vladimir Malenic at Equinox France, which recently moved into a new central Paris office.
Hiscox reports solid Q3 statement with broadly flat GWP
Hiscox has reported a slight dip in gross written premiums of £1.36bn (2013: £1.37bn) for the first nine months of the year to 30 September and claimed a disciplined approach in reinsurance was offset by steady growth in insurance lines.
Zurich unveils Hong Kong SME key person insurance product
Zurich has brought out a life insurance product for SMEs hit by the sudden death of a key executive, partner or shareholder.
ABI deems Medco software critical in whiplash fraud fight
The Association of British Insurers has deemed the development of an IT system designed to randomly allocate medical experts for soft tissue injury claims as critical in the reform of the medic-legal reporting system.
Mass slams government for endorsing 'compensation culture' claims
The new chair of the Motor Accident Solicitors Society has dismissed the notion of a compensation culture in the UK urging members of the organisation to fight to preserve the current system.
Dye confident Allianz will return to retail profitability for full year
Allianz UK CEO Jon Dye has stressed that the insurer still plans to return to underwriting profitability for its retail business in its full year results, despite notching a 100.2% combined operating ratio for the first nine months of the year.
Swiss Re deems year-to-date £2.1bn net income 'successful'
Swiss Re has reported net income of $3.3bn (£2.1bn) for the first nine months of 2014 with a third quarter net income of $1.2bn.
Allianz UK nine-month profit down £10m despite GWP improvement
Allianz has reported pre-tax profits down 9% at £117.2m in spite of gross written premiums increasing by £181m.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Q&A video: Crif Decision Solutions director Sara Costantini
Personal injury claims have been in the spotlight recently because they are one of the key areas to have been targeted by fraudsters.
Admiral Q3 turnover drops despite 10% increase in customer numbers
Admiral has seen group turnover decrease 3% to £513m in spite of a 10% increase in the insurer’s total number of customers, which reached 4.03m in Q3.
Panes takes on Asia CEO role at Crawford
Chris Panes has taken on the role of Asia CEO for loss adjuster Crawford after moving to Singapore at the beginning of the year.