News
S&P predicts Solvency II will be delayed until 2016
Standard & Poor's has warned that Solvency II could be delayed for a further two years as the relevant parties have failed to agree on the European directive.
Broker acquisition to raise Markerstudy retail GWP by £35m
A completed deal for Markerstudy to acquire Insurance Choice will raise the former's retail gross written premiums by almost half.
Corporation tax cuts are 'encouraging', says RSA SME boss
RSA has applauded government plans to cut corporation tax to help struggling small and medium-sized businesses.
Markerstudy completes broker purchase
Gibraltar motor insurer Markerstudy has completed a deal to acquire Insurance Choice.
Generali successfully closes subordinated bond for €1.25bn
Generali has closed a subordinated bond issue targeting institutional investors for a total of €1.25bn.
Allanfield suspends trading pending inquiry
Real estate broker Allanfield has suspended trading on the Alternative Investment Market "pending clarification of its financial position".
Stabbing in Germany could be linked to Allianz takeover possibility
A German insurance chief has been stabbed before an important staff meeting.
DAS restructures marketing team
DAS has appointed Shenal Patel as motor product manager following a strategic review of the marketing team at the legal expenses insurer.
Willis in referral agreement with Hay Group
Broker Willis has formed a mutual referral agreement with international management consultancy Hay Group.
Aviva non-exec director Goh to retire
Aviva non-executive director Euleen Goh is to step down from the board to pursue activities in Singapore.
Motorists favour telematics devices in fleets, QBE survey finds
A QBE survey found that 66% of people would feel safer on the road if fleet vehicles were fitted with telematics devices to monitor their drivers' behaviour.
Allianz appoints global reinsurance head
Allianz Global Corporate & Specialty has appointed Simon Buxton as global head of reinsurance.
LMA publishes nuclear exclusion clauses update
The first in a series of nuclear and radioactive contamination exclusion clauses has been published by the Lloyd’s Market Association.
Allianz Global Corporate and Specialty names global reinsurance lead
Allianz's corporate and speciality brand has named Simon Buxton as its new global reinsurance head, effective 1 January.
Skuld expands in Asia with Singapore hub
Skuld is opening a branch office in Singapore to capitalise on "significant growth opportunities across the region".
Skuld launches Singapore operation
Marine insurer Skuld has announced the opening of its first Singapore branch in a bid to target South Asian business.
Mitsui Sumitomo swoops for Travelers claims head
Mitsui Sumitomo has appointed Travelers Syndicate Management head of claims Simon Catt for its Lloyd's operation.
LMA publishes new nuclear exclusion clauses
The London Market Association has released the first in a series of nuclear and radioactive contamination exclusion clauses.
Marsh to use Xuber core broking tools
Marsh has completed a deal with Xchanging to use its newly rebranded Xuber insurance software tools.
ABI attacks 'futile' attempts to prevent portal extension
The Association of British Insurers has slammed plans by claimant lawyers to launch legal action to prevent the extension of the Road Traffic Accident Portal next April, accusing them of futile attempts to stall its implementation.
Ex-Zurich Global executive Tabard lands Property Insurance Initiatives role
Former Zurich Global Corporate executive Martin Tabard has returned to the UK market as a non-executive director of new property insurance broker Property Insurance Initiatives.
Bollington MBO could be completed within weeks
A management buyout at Macclesfield-based Bollington could be finalised within weeks, despite speculation that a decision on the Groupama-owned broker's future is on the back burner.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
Insurance trio combine to form consultancy
Former Merlin chief technical officer Kevin Wood, Sigma Claims Solutions co-founder Simon Burley, pictured, and ex-Davies claims operations director Jim Pittman have joined forces to set up a new consultancy firm.