News
Kerry London rebrands as Kelliher Insurance Group
Kerry London Group has rebranded to Kelliher Insurance Group drawing on the business' history and the values of its founder Joe Kelliher.
Nelson urges industry to factor climate change into cat models
Climate change is real and must be factored into all future catastrophe modelling, Lloyd’s chairman John Nelson has warned.
Towergate NED Homer to chair energy consultancy
Former Towergate chief executive Andy Homer has been named chairman of energy consultancy Utility Aid.
NIG launches telematics app for small fleets
NIG has launched a telematics smartphone app to help SMEs manage their fleets.
Beazley's posts $2m fall in GWP for Q1
Beazley posted gross written premium of $516m (£304m) for the first quarter of 2014, down from $518m in the first three months of 2013.
RSA sees NWP fall 4% in first quarter
RSA saw underlying net written premiums fall 4% in the first three months of 2014 as the effects of its portfolio action plan and a more disciplined underwriting approach across all regions took hold.
Munich Re's Q1 2014 profit falls 5%; April pricing weakens 8%
Profits fell 5% in the first quarter at global reinsurer Munich Re and April renewal prices declined 8%.
ING injects further €850m of capital ahead of listing
So far this year ING has provided €1.85bn of capital to its insurance arm the NN Group ahead of an expected listing in Amsterdam.
French adjuster hires Hong Kong claims manager from Marsh
French specialist loss adjuster GM Consultant has appointed Alex Lui as a senior manager in Hong Kong.
Multiple billion dollar natural disasters in April
Tornadoes and extensive crop damage led to multiple billion dollar natural disasters in April according to catastrophe modeler Impact Forecasting.
Swiss Re appoints former FINMA boss as group CRO
The former chief executive officer of Switzerland's financial market supervisory authority Finma is to become Swiss Re’s new group chief risk officer.
Biba Fever episode 1: Why Manchester 2014 is Butlins for brokers
With one week to go before the British Insurance Brokers’ Association Conference in Manchester, Post is proud to bring you the first episode of Biba Fever 2014 sponsored by LV.
SRA proposes aggregation limit and run-off cut for compulsory PI cover
The Solicitors Regulation Authority has proposed cutting the limit of compulsory professional indemnity cover to £500 000 for any one claim, and introducing an aggregation limit, in its consultation on the PI minimum terms published today.
Retirement of LV Broker's Alan Rice sparks glowing tributes
Colleagues and broking clients have united in offering a fond farewell to popular LV Broker strategic account manager Alan Rice ahead of his retirement at the end of the week.
Axa posts 3% increase in P&C revenues in Q1
Axa posted revenues of €28.5bn (£23.4bn) for the first quarter of 2014, up 2% on a comparable basis, but down 1% on a reported basis.
Caravan Guard elevates Ryan Wilby to managing director
Caravan Guard has appointed Ryan Wilby as its managing director taking over from his father, Peter Wilby, who has been appointed chairman.
Markel looks to Hiscox for underwriting role
Markel UK has appointed Liam Greene as professional and management risk underwriting manager.
Direct Group swoops for iGO4's Cooper
iGO4 co-founder Tom Cooper has joined Doncaster-based insurance services business Direct Group as a consultant.
L&G points to direct sales growth in Q1 despite 2% fall in GWP
Legal & General has attributed disciplined pricing for a 2% drop in gross written premium of £84m in the first quarter of 2014 compared to £86m in the same period last year.
Novae recruits four to agriculture team
Novae has made four appointments in its agriculture reinsurance team including Robert Solloway who will underwrite business in the Asia Pacific region.
Esure reports GWP fall for Q1
Esure reported a fall in gross written premium to £123.5m in the first three months of 2014, down from £124.2m in the first quarter of 2013.
Integro appoints Clements chairman and names executive committee
US broking and risk management firm Integro has appointed John Clements as chairman of its board of directors. Rocco Nittoli has been named vice chairman of the board.
Swiss Re posts net income of $1.2bn for Q1
Swiss Re reported net income of $1.2bn (£707m) for the first three months of 2014, aided by benign natural catastrophe experience during the quarter.
First insurer with foreign investment sets-up in Shanghai free trade zone
Insurer Sino-US MetLife has become the first Chinese insurer with foreign investment to set-up in Shanghai's fledgling free trade zone.