News
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.
Deloitte appoints agents for Gherkin sale
Deloitte has picked a pair of estate agents to oversee the sale of 30 St Mary Axe, better known as The Gherkin, after the building fell into receivership in April this year.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Lloyd's coverholder promotes two in Hong Kong
SART Underwriting, a Lloyd's coverholder based in Hong Kong, has made two promotions.
Australian broking group expands with two investments
Sydney-based broking group Austbrokers has invested in a broker and underwriting agency in Australia.
Shares slump at QBE after profit warning
Australian giant QBE has announced its first half results are likely to miss profit expectations by almost A$200m ($188m).
Former Bupa claims boss slapped with £5k compensation order
A Bupa claims manager who was convicted of stealing thousands from his employer has will pay £4800 in compensation.
Former RSA director joins Ryan Direct Group board
Former RSA group executive director Paul Donaldson is to join Ryan Direct Group as a non-executive director from September.
Towergate acquires Lovat and Watt UK
Towergate has completed deals to acquire a pair of brokers based in Tunbridge Wells and Manchester.
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Masojada hails underlying currencies growth but remains cautious on full year
Hiscox chief executive Bronek Masojada has hailed premium growth in underlying currencies during the first half of 2014 despite the firm posting reduced gross written premiums for the first six months.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Dutch insurers facing 20% bonus cap
The Dutch government is weighing measures on remuneration that could force insurers to limit bonuses to 20% of fixed salary for all employees.
58% of British drivers unsure of EEC coverage
Almost two-thirds of British drivers don’t know if they are covered to drive in the European Economic Community, or believe that they are not covered according to a survey by Be Wiser.
Zenith launches ‘world first’ motor sharing product
Zenith Insurance has teamed with Easy Car Club to launch what it claims is a world first cover for car and van owners looking to participate in the vehicle sharing schemes.
Markerstudy completes £20m Supercover buy
Markerstudy has confirmed an agreement to acquire gadget insurance broker and claims administrator Supercover in a deal worth £20m.
Mixed results for LV as GWP drops
LV has reported £720m general insurance gross written premiums for the six months ended 30 June 2014; a drop from £748m for the same period last year.
RFIB hires director for marine international division
Lloyd’s (re)insurance broker RFIB has appointed Malcolm Gray as a divisional director of its marine international division.
Hiscox posts drop in pre-tax profit for H1
Hiscox posted a reduction in gross written premium to £978.9m for the first six months, down from £1.02bn in the first half of 2013.
Aspen shareholders reject Endurance proposals
Endurance’s attempted takeover of Aspen has stalled after the overwhelming majority of Aspen shareholders participating in a consent solicitation rejected the firm’s proposals.
Tourism Authority of Thailand launches travel insurance
The Tourism Authority of Thailand has teamed up with four Thailand insurers to offer online travel insurance.
Unipart Automotive axes 68% of staff as it enters administration
One of the UK’s largest independent suppliers of car parts, workshop consumables has entered administration making 1244 staff redundant.
Aon Q2 broking operating income up 7%
Aon has reported a 7% increase in operating income for its broking business in Q2 of 2014, with internal savings driving the improvement.
Ten opens Glasgow regional office
Ten Insurance network has opened a regional office in Glasgow to be led by former Giles branch manager Kevin Donnachie.