News
Canopius expands US presence
Canopius Group has expanded its US presence with the launch of Canopius Underwriting Agency.
Hiscox looks to RSA for partnerships hire
Hiscox has appointed RSA's Robert Moore as its UK direct and intermediated partnerships head.
RSA affinity director promoted to broker director for UK personal lines
RSA has appointed Tim Wright as director of broker for its UK personal lines business with effect from 1 October 2014.
Howden acquires majority share in Polish broker Donoria
Howden Broking Group is eyeing opportunities for collaboration in a number of European territories following the acquisition of a majority share in Polish broker Donoria.
PWC swoops for KPMG tax specialist
PWC has hired tax specialist Daniel Dzenkowski from rival consultancy firm KPMG.
Poor practice from insurers is to blame for rise in rehabilitation fraud
Absolute Partnership investigators discover ‘surprisingly high defect rate’
Delay dismissed as My Licence launch is tipped for coming weeks
The My Licence hub is just weeks away from launching, according to the Motor Insurers' Bureau.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
DAS' Weekes promoted to UK broker sales manager
Legal expenses insurer, DAS, has promoted Darren Weekes, its broker sales manager for the southern region to the newly created position of UK broker sales manager.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
Lloyd’s market’s ‘A’ IFS rating affirmed
The Lloyd's market has had its ‘A’ financial strength rating and ‘A+’ issuer credit rating affirmed by AM Best.
Zensar targets Middle East with Agile partnership
Global software provider Zensar is partnering with Agile Financial Technologies as it ramps up its Middle East presence.
Sompo Japan offers typhoon insurance for island in Philippines
PGA Sompo Japan will offer 'Typhoon Guard' for agricultural producers on the island of Mindanao in southern Philippines.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Solvency II capital requirements prove too onerous for Gibraltar‑based firms
Smaller motor insurers line up to leave market as EU capital‑raising measures loom
Insurers to feel due diligence strain if trade sanctions against Russia broaden
EU’s new list of sanctions is on hold while Russia and Ukraine ceasefire is in place
Unrated insurers set for reduced share of solictors’ PI market as renewals loom
Law firms becoming ‘increasingly aware of unrated security issues’
Sarah Bill’s worth called into question by claimant and defendant lawyers
‘Ambiguous wording’ cited among major qualms with draft legislation
Claims Club News: Insurers warned that independent Scotland would hit them in the pocket
An independent Scotland would cost insurers more in claims, according to BTO’s insurance group head Bill Speirs, who maintains that proposals to increase earnings north of the border will impact reserves.
Go Compare sees turnover rise 4.6%
Aggregator Go Compare has reported a 4.6% increase in turnover for the year ended 31 December 2013 to £109.9m (2012: £105.1m).
Aon unveils syndicate-backed professional indemnity facility
Aon has launched a new professional indemnity product with the backing of Lloyd’s syndicates including Novae and Argo.
Ageas boosts personal accident cover for SMEs
Ageas has made several changes to the cover offered under its personal accident policy for SMEs including an increase in cover for funeral and medical expenses.
City lawyer targets SMEs as he launches 'first' dedicated IP broker
City-based intellectual property lawyer David Bloom has launched what claims to be the UK’s first dedicated intellectual property insurance broker.
Chubb promotes Rehman to Europe CEO
Chubb Insurance has appointed Jalil Rehman as chief executive of its European business.