News
R&Q completes Norwegian portfolio transfer
Randall & Quilter has completed a portfolio transfer from Norway-domiciled captive Aker Insurance to R&Q's EU run-off consolidator in Malta.
NIHL claims down by 10% for 2014
Claims for noise induced hearing loss are set to drop to £361m for 2014 for the UK’s most exposed insurers, down marginally from a 2013 equivalent of £402m, according to an investor report.
Quinn sees legacy liabilities portfolio pass to Catalina
Catalina Holdings has reached an agreement with Quinn Insurance for the portfolio transfer of legacy insurance liabilities.
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Toscafund boosts shares in Quindell north of 5%
Hedge fund Toscafund has boosted its stake in beleaguered outsourcer Quindell to 5.4% of the share capital after purchasing an additional 1.9 million shares in the firm.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
China mandates injury cover for construction workers
China's government has said no construction permits will be given to projects which fail to provide workers with injury insurance.
Wang leaves Marsh for XL China aerospace role
XL is offering aerospace insurance in China and has appointed former broker Catherine Wang as an underwriter.
Former Axa marketing chief heads digital start-up
Matthias de Ferrieres has left his position as chief marketing officer, general insurance, Axa Asia to head up start-up Stark Group.
Bushfires in Adelaide Hills to cost over A$13m
As a result of bushfires in Adelaide so far 350 claims have been lodged with insurers, with insured losses of more than A$13m (£7m).
Gable stock price climbs 4% on takeover rumours
Rumours of an imminent takeover have boosted Liechtenstein-domiciled Gable’s share price in trading on the London Stock Exchange.
European insurers paid out £2bn per day through 2013
Insurers across Europe paid out an average of £2bn (€2.6bn) every day in claims and benefits through 2013, according to new figures from the European Insurance and Reinsurance Federation.
Welsh MGA and broker first to go live with My Licence
North Wales-based Staveley Head is the first managing general agent and broker to use the My Licence scheme.
BLP recruits former Keelan Westhall MD Tonge
BLP Insurance has recruited the former managing director of Arthur J Gallagher-owned Keelan Westhall as its new head of sales.
RFIB looks to Willis for hull hire
RFIB has appointed former Willis marine executive director Steve Hughes as its hull and war divisional director.
FOS forecasts fee freeze for 2015/16
The Financial Ombudsman Service has announced plans for a freeze on standard case fees and levies for 2015/16 as it lowers targets for overall income in a consultation document published today.
Norway's Gard on P&I cover for Hoegh Osaka
Norwegian insurer Gard has confirmed it is the P&I insurer for the Hoegh Osaka cargo ship that has run aground off the Isle of Wight.
BMS returns to Cooper Gay to beef up specialty reinsurance team
Cooper Gay & Co reinsurance division director Steven Herbert has joined BMS where he will take on the role of director of the specialty reinsurance division.
Acappella launches at Lloyd's
Willis-funded Acappella Group Holdings has confirmed its launch as an insurance holdings company.
UK residents and businesses braced for 'hazardous weather'
The Met Office is warning members of the public and emergency responders of “severe or hazardous weather” ahead of the expected onslaught of a trans-Atlantic storm.
Berkshire Hathaway opens in Hong Kong
Berkshire Hathaway Specialty Insurance has opened in Quarry Bay, Hong Kong after gaining a license to write insurance in the SAR.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
AIG makes senior Asia-Pacific leadership changes
Mike Raines will move from AIG's Singapore unit to become CEO of AIG New Zealand.
20 Hong Kong insurers join HKFI graduate training initiative
20 insurers have teamed up with the Hong Kong Federation of Insurers to offer an insurance diploma for young graduates.