News
'Major changes' on horizon for BP Marsh
BP Marsh & Partners has reported a 10.6% increase in net asset value to £55.5m for the year to 31 January 2013 (2012: £50.1m) and net asset value per share of 190p (2012: 171p).
Rising flood waters threaten Prague
The authorities in the Czech Republic have been forced to open several dams meaning river levels are still rising threatening the capital Prague.
SAP global head predicts a cloud-based future
Robert Cummings, global head of insurance solutions, at technology house SAP predicts that soon "most things will be in the cloud".
Japan's Iran oil imports fall by 96% in April
Sanctions over Iran's nuclear threat from the US and EU have crippled Japan's oil imports from Iran. Other major customers also cut imports.
Limited damage expected from Taiwan earthquake
Catastrophe modeling firm AIR Worldwide is not expecting significant insured losses from yesterday's earthquake as it happened in a rural area with little insurance coverage.
Ventris takes Cunningham Lindsey London market role
Former Argent managing director Neil Ventris has been appointed as Cunningham Lindsey’s new London markets director.
Co(re)insurance provides more benefits than issues says Ferma
Restrictions on the subscription insurance market could reduce market capacity or make access to that capacity more difficult, the Federation of European Risk Management Associations has warned.
Hellenic P&I club waives 50% of annual premium
Members of the Hellenic War Risks Club will pay 50% less for war risks insurance in 2013 following a decision by club directors to waive the second installment of the annual premium.
Private equity backers fail in aim to boost targets' productivity, says study
Publicly listed firms that are subject to a private-equity buy-out see their performance fall further behind industry rivals, according to research by three academic institutions.
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
ABI reveals speaker line up for strategy conference
The Association of British Insurers has unveiled an ‘A-list’ speaker line up for its upcoming strategy conference 2013.
Insurance law can be an enterprise issue, warns Luzzi
Insurance law can be an enterprise-wide issue, so it's essential that risk managers understand what happens when the law is applied in business, Jorge Luzzi said today.
Anti-government protests continue in Turkey's major cities
Turkish protestors clashed with riot policies in the early hours of Monday morning, as the fiercest anti-government demonstrations in years entered their fourth day.
Ventris heads to Cunningham Lindsey as Argent appoints new MD
Cunningham Lindsey has recruited Argent Liability Adjusters managing director Neil Ventris, Post can reveal.
Gallagher London gains MGAA’s preferred provider status
Gallagher London has been granted preferred provider of professional indemnity insurance status by the Managing General Agents’ Association.
Reinsurer stocks plummet amid flood fears
Shares in Munich Re and Hannover Re fell around 3.5% to the bottom of pan-European FTSEurofirst 300 index as flooding in parts of Europe raises the prospect of hefty damage claims.
Iceland summoned to EFTA court for IMD breach
The European Free Trade Association Surveillance Authority is bringing Iceland to the EFTA Court over the Icelandic rules on insurance mediation.
View From the Top: Investing in technology
Technology is much more than a productivity tool; it offers one of the most tangible opportunities to transform the company’s culture and working environment. For instance in the services, sales and finance department of a company, employees deliver most…
Tim Ablett – An obituary
It is often said the insurance industry lacks the characters it once had.Thus it was with great sadness the sector mourned the passing of Tim Ablett last month, someone who had made a significant contribution to the sector through both his business…
Covéa reshuffles UK commercial lines team
Covéa Insurance- the UK underwriting business of French mutual insurer Covéa- has reshuffled its commercial lines team.
Covéa shakes up commercial lines team
Covéa has made some senior changes to its commercial lines underwriting team.
Fleet UK launches telematics product for SME fleets
THB Group subsidiary Fleet UK has teamed up with sister company Cardinus, Zurich and telematics consultancy JGCH, to launch a telematics solution for small to medium sized fleets.
Lack of cat data generating "flawed" models: Marsh
Insurers are spiking premiums where businesses are generating “flawed” modelling because of limited information on supply chain and property risk exposures, according to Marsh.
Arista reports boosted £1.7m Ebitda in 2012
Commercial lines underwriting specialist Arista Insurance has posted an Ebitda of £1.709m for 2012, up from the £1.334m achieved in 2011.