News
Business growth sees Enterprise appoint SSP to replace legacy systems
Gibraltar-based Enterprise Insurance has selected technology solutions provider SSP to replace its existing legacy administration systems.
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.
Hyperion acquires US underwriting agency
Hyperion Insurance Group has acquired PGI Commercial through its subsidiary Dual.
13 die in European storm
A powerful storm swept across North Europe yesterday with some devastating consequences.
Australian catastrophes have cost AUS$8.8bn since 2010
Catastrophes since the start of 2010 have caused billions of dollars of damage across Australia with insurance losses of more than AUS$8.8bn ($8.4bn).
St Jude claims unlikely to halt falling premiums
Damage to homes in the south and southwest as a result of storm St Jude is unlikely to be significant enough to halt the downward trend of household premiums, according to broker AA Insurance.
Biba given green light by members to instigate strategic restructure
The British Insurance Brokers’ Association has today rubber stamped proposals to restructure its membership and governance models outlined in its strategic review amid overwhelming support from members.
Flooding expected as South bears brunt of storm damage
The insurance sector faces a hefty bill from storm St. Jude, as claims start to filter through from across the UK.
Former Lloyd’s exec Langley to head UK Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
XL Group appoints Asia property fac head
XL Group has appointed Pamela Ross to the position of vice president, property facultative for the Asia region.
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
LV CEO predicting motor rates recovery as GWP continues to fall
LV group chief executive Mike Rogers has blamed falling motor premiums for a £20m drop in the firm’s general insurance gross written premium total for the opening nine months of the year.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Hanks named Purple Partnership non-exec chair
Former Allianz Commercial boss Chris Hanks has been named non-executive chairman of Jelf-owned broker network Purple Partnership.
Insurance Europe calls for amendments to IASB accounting rules
Insurance Europe has welcomed revised proposals from the International Accounting Standards Board to account for insurance contracts but has asked for further amendments to achieve "a workable accounting standard".
Insurance Europe urges IASB to amend draft accounting standard
Insurance Europe has welcomed the revised proposals by the International Accounting Standards Board to account for insurance contracts (IFRS 4 Phase II) but has asked for further amendments to the current proposals to achieve a workable accounting…
Ace appoints Moghrabi regional president for Continental Europe
Ace Group has appointed two senior executives in Continental Europe.
Bluefin appoints new head of trade credit
Bluefin has appointed Stuart Grice as head of trade credit, with immediate effect.
Ace appoints Moghrabi regional president and Reiss regional COO for Continental Europe
Ace Group has appointed two senior executives in Continental Europe as it completes a number of internal promotions within its regional management team.
Airmic unveils warranties guide to boost buyers’ confidence
Airmic, the Association of Insurance Risk Managers in Industry and Commerce, has published a warranties guide to help boost buyers’ confidence that big claims will be paid.
MGA ‘fast-track’ platform launched
Castel Underwriting, a platform to fast-track the creation of MGAs, has been launched.
Ping An's profits more than double in Q3
Insurance and banking group Ping An saw a 115% increase in profits in the third quarter of 2013.
New South Wales bushfires to cost insurers AUS$145m
The Insurance Council of Australia has estimated AUS$145m of damage from the New South Wales fires which ripped through the Blue Mountains over the last two weeks.
Over 40 people die in Indian floods
48 people have been reported dead in floods in the Indian states of Andhra Pradesh and Orissa within the last week.