News
Allanfield eyes deals as operating profit hits £1m
Allanfield has its eye on acquisitions in the property and broking spaces having reported a 33.5% increase in net revenue to £2.1m (H1 2011: £1.6m) in the first half of the year.
MoJ yet to announce who will bear Djanogly's workload
The insurance industry has yet to learn how the former Parliamentary Under-Secretary of State's responsibilities will be allocated following the Cabinet reshuffle last week.
BGL adds to Fusion team
BGL Group's Fusion contact centre has hired Dyfrig Jenkins, pictured, as senior manager for training and development.
QBE confirms reinsurance restructure
QBE European Operations has finally announced a restructure of its European reinsurance business, which takes effect on 30 September 2012.
QBE Europe restructures reinsurance business
QBE Europe has announced a restructure of its reinsurance arm which will take effect on 30 September 2012.
Axa France direct boss to head up UK arm
Axa UK has appointed Yves Masson as CEO of personal direct and partnerships.
Axa UK names personal direct and partnerships CEO
Yves Masson will take the role, joining from Axa Direct Assurance in France.
Marsh creates insurance services business president role
Marsh has appointed Liz Flynn to the new position of president of its insurance services businesses, a group of the intermediary's brands.
Perils AG to provide satellite-based flood footprints
Perils AG, a Zurich-based provider of European catastrophe insurance data, will make satellite-based flood footprints available during and after major flood events, as part of an initiative in collaboration with the insurance industry and the European…
Capita creates schemes role
Capita Specialist Insurance Solutions has appointed Hazel White to the newly created role of schemes development manager.
Midas launches EDI home product with SSP
Midas Underwriting has expanded the range of risks it covers with the launch of a non-standard full-cycle EDI home product.
Qatar dispute resolution plans launched
Pinsent Masons and the Qatar International Court and Dispute Resolution Centre hope to launch a special resolution scheme, the first of its kind in the Middle East.
Italy increasingly important for London market
Italy is becoming a more important jurisdiction for the London insurance community, according to international law firm Norton Rose.
Defra considers Statement of Principles replacement
The Department for Environment, Food and Rural Affairs has broken its silence about flood insurance and is still considering options for a replacement to the Statement of Principles.
Marsh appoints global energy leader
Global broker Marsh has appointed Richard Higgins as global upstream and midstream leader in the firm's energy practice.
Tawa puts itself up for sale
Specialist insurance investor Tawa has unveiled plans to sell the business and is seeking potential offers.
Cremin climbs career ladder at Garwyn
Liability loss adjuster Garwyn has promoted Paul Cremin to branch manager at its Bristol office.
AIA reportedly in talks with Aviva for Sri Lanka insurance arm
Hong Kong-based insurance giant AIA has reached the final stages of negotiations for Aviva’s stake in Sri Lankan insurer NDB-Aviva Insurance, according to reports in the Sri Lankan business press.
Allianz names operations head for claims division
Jeremy Trott has been appointed head of operations for Allianz's claims operations, which consists of five claims handling centres and a central operations function.
Marsh appoints global upstream and midstream energy head
The broking giant has appointed Lloyd and Partners' Richard Higgins to the new role of global upstream and midstream energy leader.
RSA enters P&I market with start-up Lodestar Marine
RSA has teamed up with protection and indemnity start-up Lodestar Marine for a new fixed premium P&I venture.
More than $3.5bn Perils-based limits at risk
Perils AG has hailed the success of its industry loss index service, with the firm’s head of products describing it as “the industry loss trigger of choice” for transferring European storm risk to reinsurers and capital markets.
FSA approval time hits record high
The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
Insured losses from China quakes very low
Two magnitude 5.6 earthquakes that struck southwest China on Friday caused little to no insured losses, according to catastrophe modelling firm Eqecat.