News
Esure IPO highlights UK prominence in private equity domain
The UK has asserted itself as a key market for private equity activity, according to a study by international law firm White & Chase.
Profits climb at three largest Japanese general insurers
Japan's three largest general insurers have all reported a healthy increase in profits for the year ending 31 March 2014.
Balkans flooding to cost billions of euros
The European Bank for Reconstruction and Development estimates the cost of damage as the result of horrific flooding will be well over €2bn.
Cost of fraudulent claims rose by 18% in 2013, says ABI
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to the Association of British Insurers.
Hanks joins Jelf Group board as NED
Jelf Group has appointed Chris Hanks as non-executive director adding to his role as chairman of Jelf's broker network Purple Partnership.
RTA Claims Portal to charge claimant reps £2 per notification
Claimant representatives will be expected to pay a fee to use the RTA Claims Portal from the end of next year.
More Than MD Connor departs to lead AA Insurance
The AA has hired More Than managing director Janet Connor to take on the newly created role of MD of its insurance business.
Saga floats on main market of LSE
Shares in over-50s insurance specialist Saga were today admitted to trading on the London Stock Exchange.
Hiscox Re appoints Krefta as CUO
Hiscox Re has appointed Mike Krefta as chief underwriting officer, with responsibility for its underwriting teams in London, Bermuda and Paris.
Cunningham Lindsey recruits Davies duo for major loss team
Cunningham Lindsey has recruited an adjuster and a surveyor in the UK, swooping to take the duo from Davies.
Willis completes Charles Monat acquisition
The Monetary Authority of Singapore has approved Willis' acquisition of Asia-based specialist broker Charles Monat.
Bennett to serve as Howden NED following retirement
Former Howden Lloyd's broking business chief executive John Bennett has decided to retire from his full time role at the Hyperion subsidiary after more than 30 years in the insurance industry.
Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
MH370 not in Indian Ocean search zone, says Australian authorities
An extensive under water search by Australia for the missing Malaysian airplane MH370 has not found any wreckage.
Thailand military relaxes curfew
The Thai military which is in charge of the country following a coup has relaxed the country wide curfew to midnight to 4am from 10pm to 5am.
Chinese insurer provides heatwave insurance
Zhong An Online Property Insurance is providing a policy for high temperatures.
Oliver leaves A&A Group
A&A Group UK chief executive Martin Oliver has left his post as of yesterday.
One in three homeowners make no effort to protect valuables
A third of homeowners make no effort to either conceal or protect their valuables in case of burglary other risks, according to a survey from the AA.
Insurers should adopt online retailing mentality, says KPMG
UK insurance customer experience is improving but insurers need to focus on personal interaction with customers, digital channels and adopting a retailing mentality, a new report by KPMG has claimed.
MSIG appoints Avraam as class underwriter for health
MSIG has appointed Avraam Avraam to the newly created role of class underwriter for the company’s growing healthcare class.
Axa Art working on Glasgow School of Art fire
Specialist insurer Axa Art is working with fire authorities to remove the Glasgow School of Art’s collection, as well as taking damaged items for assessment.
Fines predicted in conflict of interest review fall-out
Industry fines following the Financial Conduct Authority review of brokers' conflicts of interests are likely to be handed out in a matter of months, accounting firm Moore Stephens predicts.
DLG hands Holliday-Williams £546k share award as Woolgrove departs
Direct Line Group welcomed new personal lines managing director Mike Holliday-Williams with an offer of £546k in shares, after Tom Woolgrove left the firm last week.
Solicitors face being struck-off over PI non-diclosure
Twenty-three law firms face being struck off if an investigation by the Solicitors Regulation Authority finds they withheld information in order to gain professional indemnity cover.