News
Tributes for "model professional" Hong Kong broker Geoffrey Lung
Geoffrey Lung, CEO and managing director of Hong Kong-based MI Insurance Brokers, sadly passed away on 9 January after a heart attack.
Miranthis steps down as Partner Re's CEO
As a result of the proposed $11bn (£7.3bn) merger of Axis Capital and Partner Re, Partner Re's CEO Costas Miranthis has stepped down after four years in charge.
Axis Capital and Partner Re agree £7.3bn merger
Axis Capital and Partner Re have agreed terms on a £7.3bn ($11bn) merger to create one of the largest reinsurers in the world.
Pan named Willis China CEO
Lincoln Pan, executive director Willis Hong Kong, is replacing Mitchell Ma as CEO Willis China.
Brokers, insurers and reinsurers unite for microinsurance push
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
Australian medical premiums could rise 7% in April
As costs rise, Australian insurers are preparing an increase of up to 7% for private medical premiums.
29% of drivers believe they aren’t responsible for accuracy of insurance applications
Almost a third of UK drivers believe they are not directly responsible for the accuracy of their motor insurance applications, according to new research from technology firm SSP.
Sentimental items most valued by burglary victims
Six out of ten burglary victims don't ever feel secure in their homes again, according to research by UIA Insurance.
City minister's apprenticeship figures ‘a mistake’ says CII
The Chartered Insurance Institute has moved to correct City minister Andrea Leadsom’s claims on apprenticeships, claiming the MP is mistaken on numbers.
49 law firms enter PI cessation period
12 law firms have been forced to close their businesses after failing to obtain professional indemnity cover, the Solicitors Regulation Authority has confirmed, while 49 have yet to renew PI cover.
RSA facing constructive dismissal suit from former Ireland CEO
RSA is facing a court battle over the departure of former Ireland CEO Philip Smith last year following his decision to sue for constructive dismissal.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Video: State of the Broking Nation Webinar
Service and the shift towards digital technology in the general insurance market were discussed in a lively webinar session hosted by Post and LV this week, which is now available to watch.
HCML calls for rehab code to promote early intervention
HCML is calling for the insurance industry working party to the rehabilitation code consultation to tackle delays in assessments, treatment and care which increase costs to insurers.
Fraud taskforce agrees terms of reference in first meeting
The government fraud taskforce has identified data protection as one area to focus on following its first meeting this week.
Ping An buys Marsh's UK head office building
Chinese insurer Ping An has bought office and shopping complex Tower Place in the City of London for £327m.
China's largest law firm to merge with Dentons
Dentons is to merge with China's largest firm Dacheng, to create the biggest law firm in the world by lawyer headcount.
Quindell confirms Slater & Gordon sales talks
Troubled insurance services provider Quindell has confirmed that it is in talks over disposals with law firm Slater & Gordon.
Treasury insurance boss slams industry for lack of self-promotion
HM Treasury’s head of insurance and savings has hit out at the failure of the insurance sector to attract young workers, calling for more self-promotion from the industry.
Miles Smith eyeing acquisitions after Clydesdale refinancing
London broker Miles Smith is laying out plans for growth after becoming the third insurance business to complete a Clydesdale Bank-back debt refinance in two months.
AA partners with Cigna on travel offering
AA Insurance has appointed Cigna Insurance Services to provide its travel underwriting, claims and marketing services.
Zurich appoints Sime to sales head role
Chris Sime has been appointed sales head for commercial broker and personal lines at Zurich.
Miller and Willis reach agreement on wholesale and specialty merger
Miller Insurance Services has reached an agreement with Willis Group Holdings to form a London wholesale specialist broking firm.
Insurance workers value job satisfaction over salary poll finds
Insurance industry workers value job satisfaction and work-life balance over their salary package, a YouGov and Reed poll has found.