News
Cloud adoption may be hampered by poor risk assessment
Organisations' decisions about adopting cloud computing must be made with a full view of the risks involved, according to Marsh.
Sabre's profits fall as claims rise 55%
Motor insurer Sabre has filed accounts showing gross written premiums for 2011 up more than 8% to £170.1m. (2010: 156.9m) but profit fell.
Casualty & General opens first office in London
Gibraltar-based liability cover specialist Casualty & General Insurance Company (Europe) has opened a representative office in London as part of plans to grow its business in the UK, particularly its casualty account.
MMA appoints ex-Ecclesiastical man Casserley as schemes manager
MMA Insurance has named former Ecclesiastical development team member Liam Casserley as schemes account manager as part of a bid to build on 50% growth achieved by the firm last year.
Haste reported not to want Aviva job
Former RSA boss Andy Haste, pictured, speculatively tipped to take over running Aviva after Andrew Moss' sudden departure, does not want the job, the Sunday Telegraph reported.
Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
Quindell buys Simon Hall to run motor arm
Insurance claims outsourcer Quindell Portfolio has named Simon Hall as chief executive of its Quindell Motor Services arm having bought his firm, Simon Hall Associates, for £2.5m.
FDI raise postponed as government fails to win over doubters
The long awaited decision on India’s foreign direct investment cap has been deferred by the cabinet and may not be revisited until after the 2014 elections.
London-bound Aon backs Lloyd's plans
Aon Risk Solutions, the broker's global risk management business that is moving back to London, is supporting Lloyd's attempt to make London the world's insurance hub.
Downward pressure poll
Is the market already seeing demand affected by downward pressure on disposable incomes?
UK P&I Club warns of claims inflation
The UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, has said its results for the year ended 20 February 2012 showed a surplus of $11m after a combined ratio of 97%.
Generali records 6.1% GWP growth
Italy-based insurer Generali's gross written premiums grew 6.1% to €19.8bn in the first quarter, with business outside Italy accounting for 75.2% of the total.
Ace launches mapping tool for catastrophe and supply chain exposures
Ace and Willis Re Analytics have launched the Ace Cat Web platform to help companies evaluate their catastrophe exposures, as well as those of their suppliers and customers.
Towergate bolsters Midlands management
Towergate has announced three management appointments to its Midlands broking team.
Ten jobs to go as Aviva withdraws engineering presence in Southend
Aviva's corporate and speciality risk business is to expand the scope of its engineering division to include construction and power.
Lloyd's set out Vision 2025 to make London global insurance hub
Lloyd's has set out plans to become the major global hub for specialist insurance and reinsurance.
Solvency II not just about capital requirements, says Bernardino
Solvency II should be seen as more than a "check the box" regulatory exercise that determines capital requirements, according to Eiopa president Gabriel Bernardino.
EC could force mandatory commission disclosure, warns Biba
The British Insurance Brokers' Association has said that the revision of the Insurance Mediation Directive could result in mandatory disclosure of commission for the insurance industry by 2019 along with an increase in the regulatory cost burden.
CPI boss Cramer-Todd takes over as executive director
Claimspro International has appointed former technical director Tim Cramer-Todd as executive director.
Japan's government considers insurance for Iran crude tankers
Japan's government may insure tankers unable to get cover for shipments of Iranian oil due to European Union sanctions, according to the International Oil Daily.
Aim Group moves to Broadstone Mill
North of England legal expenses provider and claims management firm Aim Group has moved to new premises at Stockport's landmark Broadstone Mill.
CFC further bolsters professional risks team with Walker appointment
CFC is back on the recruitment trail following the appointment of former Sydney-based CGU professional risks team leader Andrew Walker.
Jelf’s Carter move signals stepping up a gear on key insurer relations
Jelf Insurance Brokers has added Duncan Carter, pictured, to its insurance markets team as markets director in what it says signals a move to be more proactive with key insurers.
Taiwan regulator lambasts fickleness of foreign insurers
Taiwan's Financial Supervisory Commission has criticised foreign insurers for exiting the market at the first sign of trouble, and urged them to honour their commitments in Taiwan.