News
Zhang takes up Canopius China role
Specialty insurer and reinsurer Canopius has appointed Shibo Zhang as head of China market.
UK Government offers £10m for driverless car road trials
The UK Government has offered a pot of £10m to help fund public road trials of driverless cars in up to three cities from January 2015.
Money Supermarket sees 4% revenue growth for insurance site
Money Supermarket has reported a 4% increase in revenue for its insurance division in H1 2014 to £68.1m (2013: £65.5m).
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
Markel applies for trade credit license in Dubai
Specialist insurer Markel is hoping to receive a license to offer trade credit insurance in Dubai by the end of 2014.
JLT growing strongly in Asia
In the first half of the year revenue at JLT Asia's risk and insurance portfolio grew 9% while its employee benefits book climbed 35%.
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
International insurers’ London presence to diminish amid increased competition
Analysts expect other firms to follow in Beazley’s footsteps by looking elsewhere
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
Aviva seeks consultation on cashless compensation for minor motor injuries
Claimant lobbyists dismiss proposals in insurer’s report as ‘ludicrous’
Significant rate increases likely after disastrous period for aviation market
Sector facing highest losses since 9/11 following spate of tragedies in 2014
Axa aims to be 'major player in Scotland' as it completes management team
Axa’s Scottish branch has filled two senior sales and underwriting roles, completing the branch’s management team.
Compass adds £20m in GWP with four recruits
Gallagher-owned network Compass Broker Services has added four new members to its ranks, boosting total gross written premium to more than £550m.
Howden opens Channel Islands office
Howden Broking Group has launched a Jersey-based Channel Islands operation led by Henry Burton who previously worked in the group's London office.
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.
Deloitte appoints agents for Gherkin sale
Deloitte has picked a pair of estate agents to oversee the sale of 30 St Mary Axe, better known as The Gherkin, after the building fell into receivership in April this year.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Lloyd's coverholder promotes two in Hong Kong
SART Underwriting, a Lloyd's coverholder based in Hong Kong, has made two promotions.
Australian broking group expands with two investments
Sydney-based broking group Austbrokers has invested in a broker and underwriting agency in Australia.
Shares slump at QBE after profit warning
Australian giant QBE has announced its first half results are likely to miss profit expectations by almost A$200m ($188m).
Former Bupa claims boss slapped with £5k compensation order
A Bupa claims manager who was convicted of stealing thousands from his employer has will pay £4800 in compensation.
Former RSA director joins Ryan Direct Group board
Former RSA group executive director Paul Donaldson is to join Ryan Direct Group as a non-executive director from September.
Towergate acquires Lovat and Watt UK
Towergate has completed deals to acquire a pair of brokers based in Tunbridge Wells and Manchester.