News
Towers Watson reveals insurers unprepared for emerging tech trends
Insurers feel less prepared to deal with threats arising from social media and big data than they do about more familiar ones.
Direct Line confirms office closures in Croydon, Liverpool and London
Direct Line Group has confirmed that almost 500 jobs are to go in Liverpool where the firm is closing its office as part of a wider redundancy programme announced today
Emerging markets key to sustaining global non-life growth: Swiss Re
Non-life Insurance premiums increased globally by 2.6% to $2bn in 2012 according to a study from Swiss Re, but emerging markets will be key to maintaining that growth, the reinsurer said.
Ex-Towergate manager takes on regional role at Keelan Westall
Wholesale property insurance broker Keelan Westall has appointed Becky Hyndman as its new business development manager to spearhead expansion across the North East.
Godsoe to solely lead RSA’s London cargo business
David Godsoe is to solely lead RSA’s London market cargo business after jointly managing it for 18 years.
Lloyd's 2012 progress serves to boost attractiveness, claims Aon report
Record levels of market capacity and spiralling pre-tax profits last year have boosted the attractiveness of Lloyd’s market, according to an update report by Aon Benfield Analytics’ market analysis team.
Global non-life premiums up 2.6%: Swiss Re
Non-life Insurance premiums increased globally by 2.6% to $2bn in 2012 according to a study from Swiss Re, which said emerging markets growth will be key to sustaining momentum.
Aqua relaunches HNW home wordings
Aqua Underwriting has moved to revitalises its high net worth home wordings to enhance cover, expanding the range of risks protected.
Mesothelioma scheme could cost £451m in first decade
A fund of last resort compensating mesothelioma sufferers who cannot trace their employers' liability insurers could cost £451m in the first ten years alone, according to the Department of Work and Pensions.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
China's insurance premiums climb almost 10%
China's insurance premiums climbed 9.4% to $126.2bn in the first five months of 2013 compared to the same period last year.
Shipping collaboration generating insurance opportunities
Wider collaboration between shipping companies could provide opportunities for insurers after the formation of an operational alliance that will see three firms share capacity on Trans-Atlantic, Trans-Pacific and Asia-European shipping lanes.
Direct Line Group reveals 2000 jobs at risk as it steps up cost saving plan
Direct Line Group has announced a major redundancy programme as it attempts to improve its operational efficiency as part of the implementation of its business transformation plan.
Golf clubs face ‘worrying times’ following injury liability settlement
Niddry course avoids Supreme Court with golf injury settlement.
Insurers urged to develop telematics as young driver green paper delayed
Insurers frustrated as Department for Transport announces hold-up.
Xchanging boss plays down fears firm is on precipice of personnel exodus
Pell eager to outline company’s plans after losing Lloyd’s claims monopoly.
Tax-avoidance crackdown could see PI insurers hit with third-party claims
HMRC tax workaround enquiries focusing on individuals as well as corporations.
Aviva moves more UK roles to India after cutting 200 jobs in Manchester
Firm considering adding 100 offshore general insurance roles by end of next year.
Malaysian Insurance Institute in training revolution
The Malaysian Insurance Institute has 19 major projects in the pipeline to help expand its training.
Zurich promotes Davies to marine underwriting head
Zurich has appointed Mike Davies as its global head of marine underwriting effective of 1 July.
Marsh calls for increased vigilance following Bangladesh factory collapse
Retailers and suppliers need to fully identify and understand their operational and supply chain risk exposures according to a report by Marsh.
Bollington hires commercial account manager
Bollington has recruited Anita Jones as a commercial account manager, with a specific focus on motor salvage operators and vehicle dismantlers.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
Ferma elects four to board
The Federation of European Risk Management Associations has named four board members at its general assembly.