News
One Answer Network hands MD role to Erwin as Muir becomes chairman
Former Westinsure Broker Network managing director Norrie Erwin has taken over the reins at rival operation One Answer Network.
Weather index MGA to target brokers after securing capacity
The first UK-flagged weather index coverholder is targeting a range of smaller broking partners after securing underwriting capacity from a panel of market players.
Ageas signs five year partnership extension with Toyota
Ageas and Aioi Nissay Dowa Insurance Company of Europe have announced a new five year deal regarding the provision of insurance to Toyota’s 1.3 million UK Toyota and Lexus customers.
Gable sees 43% H1 GWP leap
Gable Holdings has reported a 43% increase in gross written premiums for the six months ended 30 June 2014 to £39m (H1 2013: £27.3m).
Gable partners with Iprism on £100m UK agreement
Lichtenstein-based insurer Gable has partnered with Iprism Underwriting Agency to write commercial business in the UK market.
XL transfers kidnap and ransom underwriter to Asia
XL Group has transferred kidnap and ransom underwriter Alex Smith to Hong Kong to establish a kidnap and ransom capability in Asia.
Conservative peer awarded top EC finance brief
Conservative peer Jonathan Hill, a former PR man and education minister, has been appointed as the new European commissioner for financial stability and regulation.
Sportscover enters strategic talks with Hamilton Insurance Group
Lloyd's insurer Sportscover and Bermuda-based property and casualty insurer Hamilton Insurance Group have entered into exclusive talks around the future control of Sportscover Underwriting.
Three quarters of professionals undervalue property and possessions
Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.
Bluefin hires ex Giles golf specialist as NI head of sport
Bluefin Insurance has appointed Alyn Spratt as head of sport for Northern Ireland.
Canopius expands US presence
Canopius Group has expanded its US presence with the launch of Canopius Underwriting Agency.
Hiscox looks to RSA for partnerships hire
Hiscox has appointed RSA's Robert Moore as its UK direct and intermediated partnerships head.
RSA affinity director promoted to broker director for UK personal lines
RSA has appointed Tim Wright as director of broker for its UK personal lines business with effect from 1 October 2014.
Howden acquires majority share in Polish broker Donoria
Howden Broking Group is eyeing opportunities for collaboration in a number of European territories following the acquisition of a majority share in Polish broker Donoria.
PWC swoops for KPMG tax specialist
PWC has hired tax specialist Daniel Dzenkowski from rival consultancy firm KPMG.
Poor practice from insurers is to blame for rise in rehabilitation fraud
Absolute Partnership investigators discover ‘surprisingly high defect rate’
Delay dismissed as My Licence launch is tipped for coming weeks
The My Licence hub is just weeks away from launching, according to the Motor Insurers' Bureau.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
DAS' Weekes promoted to UK broker sales manager
Legal expenses insurer, DAS, has promoted Darren Weekes, its broker sales manager for the southern region to the newly created position of UK broker sales manager.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
Lloyd’s market’s ‘A’ IFS rating affirmed
The Lloyd's market has had its ‘A’ financial strength rating and ‘A+’ issuer credit rating affirmed by AM Best.
Zensar targets Middle East with Agile partnership
Global software provider Zensar is partnering with Agile Financial Technologies as it ramps up its Middle East presence.
Sompo Japan offers typhoon insurance for island in Philippines
PGA Sompo Japan will offer 'Typhoon Guard' for agricultural producers on the island of Mindanao in southern Philippines.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.