News
Equinox Global boosts underwriting capacity
Trade credit Lloyd's coverholder Equinox Global has increased its available capacity to underwrite by more than 30%.
Third-party injury claims rise 8% despite fall in reported accidents
Eleven of the top 20 postcodes with the highest rate of third-party injuries are in Birmingham, according to new actuarial data.
Liberty Syndicates adds to specialty products team
Liberty Syndicates has appointed Susan Barber to manage and build on its personal accident and pecuniary lines treaty portfolios in the Lloyd's market, part of its specialty products underwriting division.
Tesco Underwriting inks windscreens deal
National Windscreens has signed a deal to serve as Tesco Underwriting's preferred glass repair and replacement supplier.
Arista ramps up online trading capabilities
Commercial lines underwriting specialist Arista Insurance has upgraded its online trading capabilities to offer brokers full functionality across its product range.
Airmic members increasingly rely on brokers for BI help, report finds
Airmic's members are becoming more engaged with brokers when securing the correct property damage and business interruption cover, but there is still some "ambiguity" as to who should check policy wordings.
Bollington net profit rises to £1.4m
Groupama-owned broker Bollington Insurance saw net profits rise by almost 50% over 2011.
Indonesia to see steady premium growth in 2012
Indonesia's life and non-life insurance sectors are in a stable position, underpinned by a developing domestic market, sustainable growth in premiums and strengthening regulatory requirements.
Religare Health Insurance opens for business in India
Religare Health Insurance has launched as a standalone health insurance player in the Indian market.
Fewer road traffic accidents force body shops out of the market
Specialist research firm Trend Tracker said body shops are finding it tougher to make a profit now than in the past 20 years, primarily owing to motorists clocking up fewer miles and installing safety systems.
Lemma Insurance Company downgraded
Lemma Insurance Company of the Ukraine has had its issuer credit rating downgraded to 'bb' from 'bb+' and its financial strength rating of B (Fair) affirmed. The outlook for both ratings has been revised from stable to negative.
Renewable energy broker Renewable Risk Advisors launches
A new renewable energy broker has opened for business in the UK to give clients a more "bespoke" level of service.
Quindell acquires litigation law firm
Quindell is to buy litigation specialist Pinto Potts Solicitors, subject to approval from the Solicitors' Regulation Authority and the Financial Services Authority.
UK Insurance rating remains stable after DLG IPO
Direct Line Group's UK Insurance is unlikely to see its Moody's A2 insurance financial strength rating change despite the insurer revealing the price of its initial public offering of ordinary shares.
Former Merlin staff lose out again as LAS cuts short contracts
Loss adjuster LAS Claims has come under fire for allegedly cutting short an offer of temporary work to several former Merlin employees.
Howden launches Brazil operation
Hyperion subsidiary Howden Broking is to enter the Brazilian market after acquiring a 51% stake in Conset Seguros.
Automated weather stations bring low-cost insurance to Rwanda's farmers
As Rwandan farmers face increasingly erratic rainfall, Swiss Re has helped with the launch of an innovative programme that uses automated weather stations to provide low-cost insurance to protect farmers' loans for high-yielding seeds, fertilisers and…
Third delay to Omnibus II vote
The European Parliament's vote on Omnibus II, Solvency II's enabling legislation, due to take place in November, has been pushed back to March 2013.
IFB boss Bird hopes to add broker members as the AA comes aboard
Insurance Fraud Bureau director Phil Bird is confident that the decision by brokers such as the AA to become IFB members will help play a "vital role" in clamping down on organised fraud.
Brit hires new chief financial officer
Brit Insurance has appointed Andrew Baddeley as chief financial officer, replacing Scott Egan who left the business in April to join Towergate as group CFO.
Devon flood claims trickle in
Loss adjuster Crawford & Company has received a small number of claims following flash flooding in Clovelly, Devon last night.
Report finds opportunities for commercially viable rural livestock cover
Technological improvements and growing demand offer hope for "commercially viable and welfare-enhancing livestock insurance", despite early failures, according to a report by the International Labour Organisation and the Munich Re Foundation.
AIA's acquisition of ING will have no affect on rating
The national insurer financial strength rating with stable outlook for American International Assurance Company and its Thailand branch will not be affected the company's planned purchase of ING Malaysia.
European insurers withdraw cover for Iranian oil storage
Two European insurers have withdrawn cover for tankers storing Iranian oil, according to documents seen by Reuters.