News
LMA targeting under-30s with committee representation
The Lloyd’s Market Association is to bolster representation for young professionals with representation for under-30s on the LMA market and technical committees.
Gallagher 'agreed terms' with fifty companies, claims Ross
Arthur J Gallagher has walked away from many more acquisitions than it has completed, according to Arthur J Gallagher International boss David Ross.
Insurers need to have clear policies over sanctions says IUMI
The International Union of Marine Insurance has called for insurers and reinsurers to have clear policies with regards sanctions.
Protecting customer data can drive revenue says Boyd
Gaining customer trust should not be viewed as being in conflict with revenue generation, according to Magnus Boyd, partner at Hill Dickinson.
Online buying habits fueling application fraud, says Coupland
Changing distribution channels are partly to blame for the current rise in application fraud, according to SSP head of data strategy Adrian Coupland.
Mapfre reported to have bid €500m for DLG's Italian and German units
Direct Line Group is believed to have been offered €500m (£393.2m) by Spanish insurer Mapfre for its Italian and German operations.
Allianz Retail makes senior appointments to corporate partner division
Allianz Retail has appointed two new business development managers to its corporate partner division.
Allianz Worldwide Care unveils new products after France health merger
Dublin-based insurer Allianz Worldwide Care has entered the life and disability market after a merger with the international health business of Allianz France.
Ex Biba exec Foulsham appointed as REG advisor
Steve Foulsham, former head of technical services at the British Insurance Brokers’ Association has joined Regulatory Efficiency gains as an advisor.
Charles Taylor to buy Isle of Man life insurer
Charles Taylor has entered an agreement to acquire Nordea Life & Pensions, an Isle of Man life insurer, from Nordea Life and Pensions S.A., Luxembourg.
Gallagher appoints COO and MD of partnerships for GIS
Arthur J. Gallagher has appointed Simon Pearce and Andy Tedstone to the senior management team of its UK distribution arm Gallagher Insurance Solutions.
Hong Kong's chief executive commits to marine trade
Speaking at the 2014 IUMI conference, Hong Kong's chief executive Leung Chun-ying said he was committed to its role as an international maritime centre.
Claims Awards Asia entry deadline approaches
There is still time to submit your entries for the Claims Awards Asia 2014.
Hiscox exits care home sector
Hiscox has confirmed it is withdrawing from the care home sector to focus on its core lines of business.
Cooper Gay, Willis, XL, Generali and Ace sign up for Netsett pilot
Willis, Cooper Gay Swett & Crawford and Ruschlikon UK members, Ace, XL Group and Generali, have signed up to participate in pilots of Xchanging’s Netsett platform.
Hiscox adds two to London market personal accident team
Hiscox has expanded its London market personal accident team with the hire of a team leader and senior underwriter.
Volatility adjustment approval process could disadvantage UK firms
Proposals to make the Solvency II volatility adjustment subject to pre-approval by the Prudential Regulation Authority could put UK firms at a competitive disadvantage, according to EY’s head of insurance regulation and risk Martin Bradley.
P&I Clubs face 5% premium increase, claims report
Lloyd's broker Tysers is estimating a 5% premium increase for P&I Clubs after a benign 2013/14.
ABI offers staunch defence of application fraud figures following criticism
The Association of British Insurers has moved to defend the process by which it calculated that 180 675 motorists attempted fraudulent insurance applications last year, following criticism by a claimant law firm.
Financial services turns attention to 'devo max' following Scottish 'no' vote
Uncertainty among Scottish based financial institutions has not been entirely alleviated by the ‘no’ vote on independence, amid plans to devolve additional powers north of the border.
40% of 20 largest ex-nat cat losses in 2013 from oil and gas
Globally, excluding those caused by natural disasters, oil and gas losses were worth $3.2bn (£1.95bn) in 2013.
PICC targets Chinese pet owners
Chinese insurance giant PICC is launching a product for cats and dogs for Chinese owners.
Ace recruits from Accenture firm for head of travel, Asia-Pacific
Ace has appointed Jon Ford as vice president and head of travel, Asia-Pacific.
The Policy Shop cashes out with sale to Markerstudy
Markerstudy has bolstered its gross written premium by £20m with the acquisition of personal lines broker The Policy Shop.