News
Ace targets multinationals in Singapore
Ace has launched Ace Global Guard in Singapore to meet the needs of companies with overseas subsidiaries or assets.
Amlin increases stake in LCP to 75%
Amlin has agreed to increase its stake in Leadenhall Capital Partners, the reinsurance-linked securities investment manager which it established with the individual partners of LCP in 2008.
China encourages insurers to invest overseas
A senior representative of the China Insurance Regulatory Commission has urged insurers to increase their exposure to overseas assets.
Lloyd's £500m bond issue oversubscribed
Lloyd's of London has raised £500m from a 10-year sterling Tier 2 bond after attracting almost a £1bn of orders.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
Polish insurance market faces 'moderate' risk, says S&P
Poland's general insurance industry is benefiting from the country's "strong and competitive economy and good growth prospects", according to Standard & Poor's.
AIG deal with Cobalt a 'statement' for London to be a global centre of Islamic finance
AIG has made 'clear statement' on behalf of the London insurance market that it is keen to make London a leading global centre for Islamic finance, according to Cobalt Underwriting CEO Richard Bishop.
More than 80% of school leavers and graduates would not consider insurance as a career
Only 18% of UK sixth form and university students said they would consider insurance as a future career according to research by the Chartered Insurance Institute.
Davies marks re-brand with Alcock swoop
Loss adjuster Davies Group has unveiled a new brand for its business, as well as announcing the recruitment of GAB Robins’ casualty director.
Biba launches customisable pro-broker animation
The British Insurance Brokers’ Association has unveiled a new animated video designed to promote the value of brokers.
Tesco Bank partners with Axa Assistance on home cover
Tesco Bank has completed a deal with Axa Assistance that will see the insurer serve as home emergency cover provider.
Home insurance profitability to end in 2015 says EY
The UK’s home insurance market is set to end a long run of profitability, according to figures from EY.
Gallagher restructure will give better decision making says Deakin
Arthur J Gallagher’s UK retail CEO Janice Deakin has explained that a restructure of her executive team will provide the broker with clearer forums for decision making.
Deakin unveils Gallagher UK retail restructure
New UK retail CEO Janice Deakin has revealed her management team at Arthur J Gallagher, promoting Phil Branch to chief operating officer, while also creating three new area managing director roles.
Insurers could struggle to defend meso claims following 'landmark' ruling
Insurers may find it harder to defend asbestos claims, following a ‘landmark’ Supreme Court ruling, according to the Forum of Insurance Lawyers.
Hurricane Gonzalo to cost insurers up to £250m, says AIR
Hurricane Gonzalo could result in up to $400m (£250m) of insured losses according to catastrophe modeller AIR Worldwide, after landing in Bermuda on 17 October
Global Federation of Insurance Associations gives ICA's Whelan executive role
Robert Whelan, executive director and CEO of the Insurance Council of Australia, has become the membership executive at the GFIA.
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Technology is a "huge equalizer" for smaller insurers, claims Alfa VP
Good data usage is a great leveller when it comes to insurance, and if done well it can help smaller players compete with larger established rivals.
Northern Ireland firm's contact centre creates 49 jobs
Northern Ireland business Lakeland Trading Solutions has set up a contact centre in Enniskillen creating 49 jobs over the next three years.
Didcot power station loss 'preventable' says FM Global
The majority of the loss emanating from the fire at Didcot B Power Station over the weekend was preventable with better risk management, according to FM Global.
IFB strategic plan could take 'beyond five years' to implement
Insurers are unlikely to reap the benefits of a centralised fraud data hub in the near future, with the Insurance Fraud Bureau's expansion plan expected to take more than five years to implement.
Fitch warns of Towergate downgrade if cost-saving measures fail
Fitch Ratings has cast doubt over Towergate's ability to execute its change programme in the wake of group CEO Mark Hodges resigning.
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.