News
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.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Hiscox extends PI to new professions
Specialist insurer Hiscox is unveiling five new professional indemnity (PI) products at the British Insurance Brokers' Association conference aimed at new professions such as interior designers and 'green' consultants.
Evolution to push Beazley's PI to brokers
Broker-only commercial underwriting specialist Evolution Underwriting is to manage and develop Beazley's professional indemnity portfolio for UK SMEs.
Lloyd's reveals ambitious 2025 vision
Lloyd's of London aims to be the major global hub for specialist insurance and reinsurance by 2025.
Sky adds Groupama non-standard motor
Groupama is to underwrite cover for modified, prestige and performance cars for specialist broker Sky Insurance Services Group.
BGL creates anti-fraud 'point of quote' facility
BGL has launched an anti-fraud 'point of quote' solution that validates customer data across all channels including aggregation.