News
AJG acquires Australia's largest Lloyd's underwriter
Broking group Arthur J Gallagher has confirmed a deal to purchase SRS Underwriting.
Aviva appoints Mark Wilson as group chief executive
Former AIA chief executive Mark Wilson, pictured, has been appointed group CEO and will receive a basic annual salary of £980 000, Aviva has revealed.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Unipol to sell Generali stake by end of 2012
Italian insurer Unipol will sell its stake in rival Generali by the end of 2012, chief executive Carlo Cimbri told analysts on a conference call last week.
Marsh's Moylan to head global surety practice
Marsh has appointed David Moylan as head of its newly created global surety practice.
MoJ proposes fixed recoverable costs for portal claims
Road traffic accident claims worth up to £10 000 will qualify for fixed recoverable costs of £500 under Ministry of Justice proposals for cutting legal costs for claims that fall within its RTA portal.
S&P upgrade of UK Club outlook 'a welcome endorsement'
Shipping protection and indemnity insurance mutual The UK P&I Club has welcomed Standard and Poor's decision to upgrade the firm's outlook from 'stable' to 'positive'.
Invicta secures deal for Sevenoaks broker's GI portfolio
Invicta Insurance Services has beaten off competition from a number of interested parties to secure the acquisition of Sevenoaks Insurance Brokers' entire general insurance portfolio.
CEGA supports UK stance on EHIC resistance in Spain
Claims management and assistance provider CEGA has spoken out in favour of UK insurers which are being asked to pay for British tourists' medical treatment in Spain.
Metal theft is 'biggest problem' for property owners
The damage caused by thieves trying to steal metal is proving to be the biggest problem for property owners, according to Zurich.
Liberty Syndicates appoints another war and terrorism underwriter
Liberty Syndicates has hired former Amlin underwriter Paul Beattie as class underwriter for war and terrorism.
UIB brings in Raven for energy director role
International reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
ABI's budget prompts reorganisation
The Association of British Insurers is conducting a restructure with a view to keeping within budget requirements in 2013.
Branding bigger than cost on comparison sites, survey affirms
Research from digital marketing agency Gravytrain has found that customers using price comparison sites are still more likely to buy from brands they trust than those with the lowest quote.
Non-life premiums in Vietnam reach VND17tn in first nine months
Non-life insurers in Vietnam achieved premiums of more than VND17tn in the first nine months of 2012, up 11.3% from the same period last year.
ING wins deadline reprieve for insurance divestments
Dutch Financial services group ING has won an extension to the period in which it must divest its insurance operation, after reaching an agreement with the European Commission and the Dutch state.
QBE replaces Ageas as commercial capacity provider to UK General
QBE has been appointed sole carrier for UK General's commercial insurance programme and its agricultural specialist business Rural Insurance.
Covéa names personal lines and electronic trading heads
Covéa has appointed Malcolm Cooper and Martin Scarrett as head of personal lines underwriting and head of electronic trading respectively.
Long-serving Marsh chair Moyan to lead global surety practice
The surety practice chairman of Marsh's international division has been selected to lead the firm's newly-created global surety practice.
Giles inks BlockInsure placement deals
Independent broker Giles has signed a deal with residential property insurer Blockinsure that will see the pair work together on providing specialist cover.
M&A activity continues at Towergate with four more deals
Towergate has brought its 2012 acquisitions total up to 23 following the purchases of non-life business Newstead Insurances Brokers and general insurance broker Grenville Westinsure.
EC urged to limit bank bail-in mechanism
Insurance Europe has called on the European Commission to limit the potential use of the proposed 'bail-in' mechanism, under which authorities could write down the claims of unsecured creditors of a failing credit institution.
HSBC in talks over sale of Ping An stake
HSBC may sell its stake in China's Ping An Insurance as part of a drive to improve profitability, the insurer confirmed on Monday.
Bluefin adds five to broker network
Five new brokers have joined Bluefin’ broker network Broker Partnership Services.