News
Analysts praise ECON vote on Solvency II
Industry experts have praised the European Parliament Economic and Monetary Affairs Committee decision to back a series of Solvency II amendments.
Andrew Holman targets steady international growth
Plans to expand the international book at John Holman & Sons are underway, with two more deals expected to be added to that of the non-marine business acquired from London Market Insurance Brokers.
Claims Awards 2012 shortlist announced
Insurers RSA and Sterling lead the way in nominations for the 2012 Claims Awards with three each.
Mondial Assistance to sell cover through travel club
Travel insurer Mondial Assistance UK has secured a new contract with luxury travel club Voyage Privé to administer the sale of single trip travel insurance policies.
Generali profit hit by €1,017m one-off impairments
Generali posted reduced profits for the full year 2011 due to impairments from Greek write-downs and its Telco investment to the tune of €1,017m.
Crawford appoints new Broadspire CEO
Crawford & Company has named Danielle Lisenbey as chief executive of Broadspire's medical services effective immediately.
Bahrain celebrates inaugural 'Insurance Day'
Industry specialists gathered for Bahrain's first annual 'Insurance Day' today in a bid to increase insurance awareness in the Kingdom.
Ecclesiastical posts loss, despite Ireland performance
Specialist faith insurance providers Ecclesiastical made an overall pre-tax loss of £7.7m for the full year 2011.
Solvency II measures 'far from perfect'
Following the European Parliament Economics and Monetary Affairs Committee vote today, Otto Thoresen, director general at the Association of British Insurers, has urged finance ministers, the European Parliament and the European Commission to work…
Imperial Consultants announces double flooring appointment
Imperial Consultants has today announced the appointment of Suzanne Armstrong, who will join the firm as strategy manager with a view to heading up the independent flooring validation offering.
Ace hires three international managers
Ace has made three new leadership appointments in its sales and distribution team as part of a strategy to strengthen local relationships with customers and brokers.
Reports name ex-Aviva director Biggs as possible Direct Line chairman
Former Aviva director Mike Biggs has been offered the coveted role of Direct Line Group chairman by bosses at RBS, according to reports this morning.
Assured Guaranty faces possible ratings downgrade
Moody's has placed the Aa3 insurance financial strength ratings of Assured Guaranty Municipal, Assured Guaranty Corp and their affiliated insurance operating companies on review for a possible downgrade.
Earthquake hits Oaxaca in Mexico
An earthquake has hit south west Mexico close to the popular holiday destination of Oaxaca.
Insurer IT spend to hit $158bn by 2014
Global information technology spending by insurance companies is expected to reach $140.6bn (£88.7bn) in 2012, an increase of 6.3% over 2011, according to research firm Celent.
Ecclesiastical reveals £16m underwriting loss
Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.
Oval boss Blanc dismisses Gallagher bid speculation
Incoming Oval chief executive Peter Blanc has poured cold water on rumours that his firm would be receptive to a possible buy-out approach from Gallagher Heath.
AIR and RMS agree multi-year data sharing deal
Rival catastrophe modelling firms AIR Worldwide and Risk Management Solutions have formed an agreement to share exposure data schemas, in response to the growing numbers of clients using multiple models.
Build Assure launches latent defects product
Federation of Master Builders subsidiary Build Assure has today launched a new insurance product which protects its members and general developers against loss arising from latent defects in new build properties.
AIR poaches Zurich global head of cat modelling
AIR Worldwide has appointed John Elbl as vice president of the firm’s business development group.
Aviva invests in its underwriting capability
Aviva has appointed Ian Ferguson to the role of chief underwriting officer for intermediary and partnerships reporting to Janice Deakin.
Oval shake up sees Blanc take CEO role from Hodson while Herdman leaves
Broker consolidator Oval has confirmed that Peter Blanc will take over from Phillip Hodson as group chief executive.
Giles MD Lyons "on leave"
Sarah Lyons, managing director of Giles, is on leave while the company addresses "contractual issues".
Cunningham, GAB and LAS ready to impress L&G on panel pilot
Cunningham Lindsey hopes to "impress" Legal & General when it takes part in the insurer's claim handling pilot in May.