News
Unrated carrier behind independent midwives PI solution
The capacity behind a commercial professional indemnity insurance solution for independent midwives is being provided by an unrated Gibraltan carrier, Post understands.
XL adds fine art and specie to suite of Shariah compliant products
XL Group has extended its support for Shariah compliant managing general agency, Cobalt Underwriting, by adding fine art & specie coverage to its suite of products. The insurer already provides cover for property, construction and financial lines.
Personal lines pedigree marked Oliver out as Brown's top GIS candidate
Martin Oliver was top of Arthur J Gallagher underwriting and distribution executive chairman Adrian Brown's list to run the broker's personal lines business after managing director Des O'Connor departed in July, he told Post.
Hiscox bolsters events offering with Event Assured acquisition
Hiscox has reached an agreement with Applewell to acquire events insurance provider Event Assured.
Martin Oliver to lead Gallagher Insurance Solutions
Former Allen & Allen Group UK chief executive Martin Oliver has been appointed by Arthur J Gallagher to be Gallagher Insurance Solutions managing director.
Markerstudy re-hires Tozer as account manager
Matt Tozer has returned to Markerstudy as an executive account manager after roles at the A&A Group and Igo4.
Insurance industry ahead of the curve on internal CEO appointments
Insurance companies are more likely to recruit internally for the top jobs at their organisations than firms within other financial sectors, according to a survey by Russell Reynolds Associates.
Wunelli looks to tackle 'reactive' FNOL process with new management tool
Wunelli has created a new process to manage crash notification alerts which it claims will turn the tables on “the reactive nature of the first notification of loss process" in private motor.
Simply Business parent profits dip 9% for 2013
Simply Business parent Xbridge has recorded drooping profits for 2013, while staff numbers surged over the 12 months.
Questgates confirms Keilty recruitment
Specialist loss adjuster Questgates has confirmed the appointment of Davies Group’s Tony Keilty as its new Lloyd’s and London market director.
Una chair calls for proof 'Britain is open for business' with SME Flood Re inclusion
The chairman of independent regional broking body Una has challenged the government to prove that “Britain is open for business” by facilitating small business growth with the inclusion of SMEs in Flood Re.
LV Broker recruits four to regional roles
LV Broker has announced four appointments in its commercial lines business, including promoting Mark Hands to head of trading for the north of England and Scotland.
PRA recruits Prudential's chief actuary for board slot
The Prudential Regulatory Authority has appointed an outgoing Prudential executive director to serve as an independent member of its board from May next year.
LV’s H1 profits climb 7% but premiums continue to fall
Prior-year claims run off has seen LV notch improved operating profits for the first six months of 2014 in spite of continued decreases in motor insurance rates.
DAC Beachcroft cuts 62 roles in UK as Manchester office closes
DAC Beachcroft has cut 62 jobs in the UK, including fee-earners and support roles as the result of a redundancy consultation which began in May.
Less than 6% have earthquake cover in Napa County
One of the reasons the insured damage of the 24 August earthquake was relatively small was because of lack of cover.
Winners unveiled for the Hong Kong Insurance Awards
The winners of the first Hong Kong Insurance Awards have been announced.
China upgrades premium growth projections
The China Insurance Regulatory Commission is predicting 17% premium revenue growth each year until 2020.
Chancery PII plans ‘steady and stable growth' in solicitors' PI
Chancery PII has gained valuable experience from its first year in the solicitors' professional indemnity market and wants to make rated capacity available to a wider range of firms, according to director Tim Norman.
Reserve releases aid insurers in posting first profit since 2006
The UK property and casualty sector is set to post a profit for the first time since 2006, with the average combined operating ratio expected to be around 96.5% for 2013, according to Moody’s.
Moorhouse Group working with FCA over sales processes
Moorhouse Group is making changes to its compliance processes following a Financial Conduct Authority investigation into its sales practices.
Acturis buys German software provider NAFI
Acturis Group has acquired German motor insurance software provider NAFI creating an international group with £40m annual revenues.
ABI warns BoE capital raising will drive up insurance costs
The Association of British Insurers has criticised the Bank of England over its plans to raise capital levels in financial institutions saying it will drive up the cost of insurance.
Paymentshield hires former Co-op commercial director
Towergate has appointed Lee Mooney to the new role of product, marketing and proposition director for Paymentshield.