News
Cooper Gay Swett & Crawford seals equity investment
Broking group Cooper Gay Swett & Crawford has agreed terms with Lightyear Capital and institutional co-investors for a substantial investment into the CGSC Group.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
Cooper Gay sells 55% stake to Lightyear Capital
Cooper Gay Swett & Crawford has agreed a deal in which Lightyear Capital gains majority ownership of the broker.
Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Biba welcomes ERN collection rates
Almost half of respondents to a British Insurance Brokers' Association survey have reported 70% to 100% collection levels of the employer reference numbers.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
Green Road launches fleet driver performance app
Driver performance management specialist Green Road has launched a smartphone-based solution for fleets.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
Hiscox appoints head of catastrophe research and two trainees
Hiscox has appointed Dr Richard Dixon as group head of catastrophe research, and expanded the London Market reinsurance team with two recruits.
Risk management linked to good corporate performance
Maturity of risk management processes is correlated with sustainable improvements in corporate performance, according to the 2012 Risk Management Benchmarking Survey of the Federation of European Risk Management Associations.
Hiscox names catastrophe research lead
Hiscox has swooped to appoint a group head of catastrophe research, as well as adding two to its Lloyd's non-marine team.
IUA report shows £22bn of 2011 premium income controlled by London
The amount of wholesale and commercial business governed by London companies reached a combined premium total of £22bn last year, according to statistical analysis by the International Underwriting Association.
Allianz recruits Liberty Mutual financial lines underwriter
Allianz Global Corporate & Specialty has appointed Elke Vagenende as head of product development, financial lines (UK).
Nexus to establish new MGA following CIFS purchase
Nexus Underwriting has exchanged contracts for the purchase of Credit Indemnity and Financial Services from Novae Syndicates.
Allianz boosts financial lines team with Liberty hire
Elke Vagenede has been appointed as head of product development for financial lines at Allianz Global Corporate and Speciality.
PRA aims for "judgement-based" approach
Two documents outlining the Prudential Regulation Authority's approach to supervision when it is established in April 2013 have been presented today to stakeholders.
Arista expands Southampton office
Arista Insurance has appointed Paul Avery to its Southampton office to help manage the underwriting team.
Willis recruits fish farm underwriter for aquaculture practice
Hughes-Gibb, the specialist agri-business division of Willis, has appointed Dan Fairweather to head its aquaculture broking and risk management division.
Carole Nash wins Suzuki deal
Carole Nash has won a tender to administer a motorcycle and scooter insurance scheme on behalf of Suzuki GB.
Aegis targeting short-tail marine with underwriting appointments
Aegis London has recruited two underwriters to lead a book of short-tail marine business, following their appointments on 8 November.
Ace shuffles UK regional management
Ace has created three new roles and appointed a new London and South East regional manager for corporate in a bid to boost relationships with brokers and clients.
Low interest rates and claims inflation hitting profits, warns Munich Re
The impact of persistently low interest rates on investments and the growing risk of inflation for severe bodily injury claims are cause for concern for the insurance industry, Munich Re has warned.
BrokersLink urges insurers to commit to junior staff development
The nurturing of young talent is being overlooked by insurers, potentially costing them a competitive advantage, according to speakers at BrokersLink's Madrid conference.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.