News
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
Magnitude 7.7 quake hits Pakistan
A magnitude 7.7 earthquake struck southern Pakistan on Tuesday at 4:29pm local time, according to catastrophe modeling firm AIR Worldwide.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.
New claims firm rises from Quinn's ashes
A new claims settlement firm established by claims managers left “in limbo” following Liberty’s acquisition of Quinn’s UK portfolio, plans to replicate the Quinn model across the UK.
Woman jailed for bogus insurance claims
A London woman has today been jailed after making bogus travel and home insurance claims in an attempt to get £50 000.
Barbon names Totty CEO
Barbon Insurance Group has appointed former First Assist chief executive Martin Totty as its new CEO.
R&Q hires new underwriter from Beaufort
Randall & Quilter has appointed Gordon Breslin as class underwriter at Syndicate 1991.
Quindell acquires 26% stake in Canadian health group
Outsourcing firm Quindell Portfolio has extended its presence in North American with a 26% investment and option to acquire Canadian company PT Healthcare Solutions.
Four crash-for-cash scammers convicted of fraud
Four people involved in a crash-for-cash scam worth nearly £500 000 were found guilty of conspiracy to defraud insurance companies yesterday at the Sheffield Crown Court.
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Aviva tops lists of most valuable insurance brands
Aviva, RSA and Axa have topped a list of the UK’s top 50 most valuable insurance brands compiled by brand valuation agency Brand Finance.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
SME insurance spend to hit £5.66bn by 2017
Total insurance expenditure by small businesses in the UK is expected to rise to £5.66bn by 2017 according to research by Finaccord.
FTI Consulting appoints Chiltington's Marshall
Global business advisory firm FTI Consulting has appointed Ian Marshall as managing director of its UK insurance consultancy practice.
Tulloch to expect a 'baptism of fire' at Aviva UK
Incoming Aviva UK and Ireland general insurance chief executive Maurice Tulloch has been warned to expect “a very different market environment” from the one he leaves behind in Canada.
ABI calls on government for action on young driver safety
The Association of British Insurers has warned that Government stalling on its promise to improve young driver safety.
PPI investigation uncovers serious complaints handling issues
The Financial Conduct Authority has referred an unnamed firm to its enforcement division following an investigation into payment protection insurance, which found serious problems with complaint handling decisions and communications to customers at the…
Insurers invest in riskier assets amid QE uncertainty
Uncertainty around the quantitative easing introduced by central banks is hurting insurers’ income streams and driving them to invest in riskier assets, according to a Black Rock study.
Sartorel appointed CEO of Allianz Asia-Pacific
George Sartorel, currently CEO of Allianz in Italy, will assume new responsibility as regional CEO for the Asia Pacific region, effective 1 January 2014.
Cooper Gay posts organic growth of 5% for 2012
Cooper Gay and Company posted organic growth of 5% for the full year 2012.
Asta preparing to launch owner managed Lloyd's syndicate
Asta has been granted ‘in principle’ approval by the Lloyd’s Franchise Board for Asta Managing Agency to establish and manage a new owner managed syndicate.
Brokers confident they have professional indemnity gap covered
Many small website providers remain unaware of professional risks.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.