News
Risk appetite at seven year high among CFOs, states Deloitte report
A combination of a rebound in the US economy, UK growth and easy access to finance has led to risk appetite among chief financial officers hitting a seven year high, according to Deloitte.
Underwriting director Hall quits NIG
NIG’s underwriting director Martin Hall has quit the Direct Line-owned insurer after just under five years as director of underwriting and pricing, Post can reveal.
Swinton sees 26% 2013 profit drop
High street broker Swinton has reported post-tax profit of £14.1m for 2013, a 26% decrease on its prior year result.
Endsleigh launches motor policy for international students
Endsleigh has unveiled a new motor policy in collaboration with Zurich and Clements Worldwide.
Judges can be trusted to find 'fundamental dishonesty', claims Lord Faulks
The "fundamental dishonesty" clause proposed in the Criminal Justice and Courts Bill will lead to “more realistic claims being brought”, according Minister of State for Civil Justice Lord Faulks.
Acappella syndicate names CUO Indge as active underwriter
Pembroke Management Agency syndicate Acappella 2014 has appointed Acappella group chief underwriting officer David Indge as active underwriter following the resignation of David Bruce.
Insurance chiefs to be held 'more clearly accountable' under BoE plans
The heads of insurers will be held “more clearly accountable” as part of a new standards regime planned by the Bank of England.
BLM beefs up Irish presence by joining forces with CFS
BLM is to incorporate Northern Irish risk and insurance law firm Campbell Fitzpatrick Solicitors in a move that will result in the combined operation being bolstered by 21 legal experts, including eight partners.
Ex-Marsh real estate head Salisbury to lead Miller offering
Miller has appointed former Marsh real estate boss Nigel Salisbury in a bid to propel itself into the market for corporate real estate programmes following the launch of a dedicated offering.
Talbot’s De Courcy joins Barbican’s financial and professional lines team
Barbican Insurance Group has today appointed of Rachel de Courcy as an underwriter within the firm’s financial and professional lines team.
UK motor market records £53m loss for 2013, claims ABI
The UK motor insurance industry made an underwriting loss of £53m in 2013, according to data from the Association of British Insurers.
IFB assists in arrest of four fraud suspects in Cumbria
Data provided by the Insurance Fraud Bureau led to the arrest of four suspected fraudsters by Cumbria Police this week.
Catlin cranks up UK General commercial capacity stake as Ageas steps aside
UK General has extended its capacity arrangement with Catlin to include commercial motor in a deal that has signalled the end of Ageas’ relationship with the managing general agent’s commercial arm.
AA appoints former Swiftcover boss as non-exec
UK breakdown service the AA has appointed former Swiftcover chief executive Andrew Blowers as a non-executive director.
Gable agrees deal with Norwegian SME trade body
Liechtenstein-based insurer Gable Holdings has partnered with a Norwegian trade association in a deal worth £15m GWP per year.
RAC puts IPO plans on ice after securing new backing
Roadside assistance firm RAC has shelved plans for an initial public offering after gaining new financial backing from Singapore-based sovereign wealth fund GIC.
GI products in top three for FCA complaints
Financial Conduct Authority data has put general insurance products in the top three most complained about financial services products for the six months to June 2014.
Lloyd's H1 profits leap on back of improved investment income
Lloyd’s saw pre-tax profit rise to £1.67bn in the first half of 2014, up from £1.38bn in the first six months of 2014.
Zurich commercial boss Thomson takes on PL broker role
Zurich has appointed its UK general insurance commercial division operations director Nichola Thomson to the new role of director of personal lines broker.
DLG to sell international businesses to Spain's Mapfre
Direct Line Insurance Group has agreed to sell its Italian and German businesses to Spanish insurer Mapfre for €550m (£430.5m).
Singapore reinsurance market risks "undermining its credibility" over contract certainty
The Singapore Reinsurance Market Contract Certainty Project is in danger of not meeting its 2014 target.
CMA ban on wide MFNs will spur consumers to shop around
CMA announcement will result in consumers using multiple Price Comparison Websites when shopping for insurance
80% of EU risk managers to buy more multinational cover by 2017
An Ace survey has revealed more than 80% of risk managers at European companies expect to increase their purchases of multinational insurance programmes over the next three years.
AIG promotes Sharpe to UK head of sales
AIG has looked internally for its new UK head of sales, promoting financial services industry practice group head Jeremy Sharpe.