News
Barbican subsidiary launches SME cyber product
Barbican subsidiary Professional Indemnity Protect has launched a new cyber liability product for SMEs and smaller corporates.
Barnett Waddingham swoops at Soc Gen for insurance boss
Consultancy Barnett Waddingham has recruited from French investment bank Societe Generale for a new head of insurance consulting.
Internal frontrunners for AIG job touted
Two internal candidates have been touted to take over from AIG president and chief executive Robert Benmosche following the announcement of his expected departure early next year.
Perils raises property loss estimate for windstorm Tini to £206m
Catastrophe data firm Perils has raised its estimate for the property insurance market loss emanating from windstorm Tini to €253m (£206m).
Jelf sees 14.6% increase in insurance business revenue
Broker Jelf has reported a 14.6% increase in revenue for its insurance business to £26.8m (2013: £23.4m) for the six months ending 31 March 2014.
Southern Rock reports £8.7m profits for 2013
Southern Rock Insurance has announced post-tax profits of £8.7m for the year ended 31 December 2013 attributing its move away from Brightside as a factor in improving the company's performance.
Heavy rain kills 21 and causes disruption in China, Macau and Hong Kong
Four days of heavy rain in China, Macau and Hong Kong, killed at least 21 people, flooded many areas, disrupted flights and train services.
Brightside shares boosted by Bidco deal
Shares in Brightside were trading 27.15% up at close of markets yesterday following news of its imminent acquisition by Belvedere Bidco.
More M&A activity predicted for 2014 as UK leads the way in Europe
Mergers and acquisitions completed within the UK insurance market last year dwarfed similar deals in the rest of Europe, according to Grant Thornton, which is predicting more acquisitive activity in 2014.
QBE's Fitzpatrick to join Ascot
Ascot Underwriting has appointed David Fitzpatrick as executive underwriter for international casualty.
Geneva Association zeroing in on social value of insurance
The Geneva Association is conducting research on the social and economic value of insurance, according to its annual report.
Warmelink rejoins Towers Watson in Hong Kong
Towers Watson has appointed Marco Warmelink as regional director of its risk management practice for Asia-Pacific.
Lloyd's calls for climate change risk modeling
Lloyd's of London is asking the insurance industry to factor climate change into risk models on an annual basis.
Black rain hits Hong Kong again
For the second time this year the Hong Kong Observatory has raised the black rain warning as thunderstorms hit the city on 8 and 9 May.
Alterra deal boosts Markel International premium income by 40% in Q1
Markel International president and chief executive William Stovin has attributed last year’s acquisition of Alterra as the driving force behind a 40% increase in premium income to $414m (£244m) in the first quarter of 2014.
Brightside agrees to £127m acquisition by AnaCap company
Brightside has agreed to a £127m acquisition by a newly incorporated company indirectly owned by private equity firm AnaCap Financial Partners.
One Insurance discovers fraud claims worth £100k
Doncaster-based One Insurance has halted two fraudulent claims which could have cost the company more than £100 000.
Bluefin hires Towergate's Watts for regional role
Bluefin has appointed Towergate's Paul Watts as Stockport branch director, corporate division.
Broker Network boss Duggan to take over from Johnson at Paymentshield
Paymentshield chief executive Tim Johnson is leaving the Towergate division and will be replaced by Broker Network CEO Gary Duggan.
Hill Dickinson launches reputation product
Hill Dickinson's insurance business group has developed a reputation risk audit product.
Jargon-busting claims transparency scheme unveiled by Axa
Axa has teamed up with the British Insurance Brokers’ Association in a bid to provide a more transparent claims process for customers.
MOJ calling for feedback on whiplash report costs
The Ministry of Justice is seeking feedback on whiplash reform proposals including fixed costs for medical examinations and reports.
Bexhill targets SME brokers with premium finance offering
Bexhill UK has launched a premium finance solution for small-medium sized insurance brokers.
Allianz appoints Wenzel as actuarial and planning director
Allianz has appointed Kevin Wenzel as director for actuarial and planning, replacing Kathryn Willis who is retiring from the business.