News
Former Powerplace CEO Ball back with new online SME start-up
The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.
NFU Mutual reports first underwriting profit since 2006 but hit by investment losses
Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.
BIBA 2012: Aqua Underwriting enters commercial market
Aqua Underwriting has widened its underwriting footprint with the launch of a range of niche commercial combined products.
Administrators sell Hemel Hempstead broker Castle Personal to Taylor Francis
Castle Personal Insurance Brokers has gone into administration and its assets have been sold to Buckinghamshire-based broker and agent Taylor Francis.
Tapiola and Local Insurance agree outsourcing deal with Tieto
Finnish insurers Tapiola and Local Insurance Group have signed a five-year deal to outsource IT infrastructure services to Finnish IT services company Tieto.
Online video: Future technology and risk in the commercial lines sector
As companies become more ensconced in technology and reliant on it for all facets of business this video discussion looked at future technology, the risks such technology might bring for businesses, and how insurers should react.
Insurers oust banks as major hybrid capital players
Insurers have supplanted banks as major players in the hybrid capital section of the European bond market as a result of regulatory uncertainty, according to Financial News.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Harris joins Torus as group CFO
Tim Harris has joined Torus as group chief financial officer.
Aviva's Harris is new Torus CFO
Torus has appointed Tim Harris as group chief financial officer.
Ascot Asia takes on RSA boss as head of property
Ascot Underwriting has appointed Jon Gilliott, RSA Singapore's head of property, reinsurance and speciality, as head of underwriting for its Asian operation.
Q1 claims fall in Cambodia after industrial safety improvements
Claims lodged with Cambodia's six largest insurers declined by more than 90% in the first quarter of 2012, according to Cambodian daily The Phnom Penh Post.
Allianz posts 57.9% increase in net income for Q1
Allianz recorded strong performance in the first three months of 2012, with quarterly revenues, operating profit and net income all exceeding first-quarter 2011 levels.
Charles Taylor cuts net debt to £32.6m in Q1
Insurance services provider Charles Taylor Consulting reduced its net debt from £34m to £32.6m in the first quarter.
Only Young Drivers reveals Moneysupermarket tie-up
Specialist under 25 car insurance broker Only Young Drivers Car Insurance has agreed a deal to launch onto price comparison site Moneysupermarket.
Powerplace launches Aviva commercial property owners product
Powerplace has launched Aviva Commercial Property Owners, the second product from the insurer to go live on the online marketplace.
Allianz posts second highest Q1 revenue in its history
Insurer has reported a record revenue of €30.1bn in Q1 with UK gross written premiums of almost €600m.
More Than issues hay fever warning
Insurer More Than has warned that hay fever causes havoc on the road and is set to reach new heights this summer.
Charles Taylor cuts net debt in Q1
Charles Taylor Consulting reduced its net debt by £1.4m to £32.6m in the first quarter from £34m at 31 December 2011.
Biba renews Premium Credit finance deal
The British Insurance Brokers Association has extended its endorsement of premium finance scheme provider Premium Credit for a further three years.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Ageas braced for further household rate rise
Ageas UK boss Barry Smith has warned of further rate rises on household premiums after admitting to a rate hike of 16% for buildings cover last year.
Turkey cracks down on homeowners without quake insurance
Turkey is tightening the rules for mandatory earthquake insurance, making the government decree a law and limiting services to homeowners without protection, according to Hurriyet Daily News.
Jelf boosts schemes and affinities team
Broker Jelf has strengthened its schemes and affinities team following the appointment of Rob Rees as managing director to develop its schemes proposition.