News
Welsh MGA and broker first to go live with My Licence
North Wales-based Staveley Head is the first managing general agent and broker to use the My Licence scheme.
BLP recruits former Keelan Westhall MD Tonge
BLP Insurance has recruited the former managing director of Arthur J Gallagher-owned Keelan Westhall as its new head of sales.
RFIB looks to Willis for hull hire
RFIB has appointed former Willis marine executive director Steve Hughes as its hull and war divisional director.
FOS forecasts fee freeze for 2015/16
The Financial Ombudsman Service has announced plans for a freeze on standard case fees and levies for 2015/16 as it lowers targets for overall income in a consultation document published today.
Norway's Gard on P&I cover for Hoegh Osaka
Norwegian insurer Gard has confirmed it is the P&I insurer for the Hoegh Osaka cargo ship that has run aground off the Isle of Wight.
BMS returns to Cooper Gay to beef up specialty reinsurance team
Cooper Gay & Co reinsurance division director Steven Herbert has joined BMS where he will take on the role of director of the specialty reinsurance division.
Acappella launches at Lloyd's
Willis-funded Acappella Group Holdings has confirmed its launch as an insurance holdings company.
UK residents and businesses braced for 'hazardous weather'
The Met Office is warning members of the public and emergency responders of “severe or hazardous weather” ahead of the expected onslaught of a trans-Atlantic storm.
Berkshire Hathaway opens in Hong Kong
Berkshire Hathaway Specialty Insurance has opened in Quarry Bay, Hong Kong after gaining a license to write insurance in the SAR.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
AIG makes senior Asia-Pacific leadership changes
Mike Raines will move from AIG's Singapore unit to become CEO of AIG New Zealand.
20 Hong Kong insurers join HKFI graduate training initiative
20 insurers have teamed up with the Hong Kong Federation of Insurers to offer an insurance diploma for young graduates.
China's Fosun buys US insurer
Fast growing Chinese investment group Fosun has bought US property and casualty insurer the Meadowbrook Group for $433m (£284m).
Alternative capital to target property, business interruption says Aon
The role of capital markets in reinsurance is likely to continue to grow, according to Aon, which has forecast that investors may seek to expand into new classes of business.
Rural launches Darlington office with six Towergate recruits
Rural Insurance has opened a new Darlington office led by six underwriters from Towergate-owned BIB.
Prosight agrees partnership with Corgi Home Plan
Prosight Specialty Underwriting has been appointed by Corgi Home Plan to underwrite its home maintenance products.
IFB hires two for strategy implementation
The Insurance Fraud Bureau has hired a project manager and a business analyst to contribute to the implementation of its five-year strategy.
Transactor goes live with My Licence
Transactor Global Solutions is the latest software house to announce it has gone live with the My Licence service with clients expected to use it in the coming months.
Biba recruits Abbey Legal for advice helpline
The British Insurance Brokers’ Association has launched a new legal advice line for members, run by Abbey Legal Protection.
Brit launches Bermuda SPV for catastrophe capacity
Speciality insurer Brit has created a new special purpose vehicle to provide capacity support for its property treaty portfolio for 2015.
Kennedys strengthens China presence with Anjie deal
International law firm Kennedys has strengthened its market position in the People’s Republic of China by entering into a co-operation agreement with Chinese law firm Anjie.
Ageas completes £197m sale of Ageas Protect to AIG
Ageas has completed the sale of its 100% shareholding in Ageas Protect Limited to AIG for £197m.
Quindell enters 'exclusivity arrangement' over potential sale
Beleaguered insurance outsourcer Quindell is in talks over the possible disposal of a number of its operating business in order to generate cash.
Reinsurers forced to adapt models as rate pressure continues at January renewal
Tough times continued for reinsurers at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital offered little respite for struggling firms, according to the latest report from Willis Re.