News
Former Aviva fraud team joins Hill Dickinson
The Hill Dickinson Counter Fraud Group has hired a five-strong Aviva fraud team following the closure of its Manchester office last month.
Lorega Solutions appoints Angus Tucker as CEO
Loss recovery insurer Lorega has appointed Angus Tucker as chief executive, and Martin Almond as chief operations officer, of its loss adjusting business, Lorega Solutions.
Aviva CFO Regan to join QBE in Australia
Aviva’s chief financial officer Pat Regan is leaving the group to join QBE as its CFO in Sydney, Australia.
Mered appointed chief claims officer at Zurich
Zurich has appointed Saad Mered to the position of chief claims officer for its general insurance business.
EY identifies 'rapid-growth' markets for insurers
According to EY's latest report, China, Mexico, Indonesia, Thailand and Columbia will provide insurers with long-term growth opportunities.
China's insurers double profits
In 2013, China's insurers more than doubled profits last year to 99.1bn yuan ($16.4bn). Total profits grew by 112.5%, according to the China Insurance Regulatory Commission.
Sliding motor premiums to halt soon, says AA
Continued falls in motor insurance premiums will like cease in the near future according to the AA.
Lancashire venture Kinesis commences underwriting
Lancashire Holdings subsidiary Kinesis Capital Management has underwritten its first tranche of reinsurance business for Kinesis Re with limits in excess of $250m (£151m).
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
MVP boss McCaffrey closes in on second broker investment deal
Minority Venture Partners chief executive James McCaffrey has played down comparisons between his newly launched broker investment vehicle and Towergate’s Cullum Capital Ventures, ahead of ploughing investment into a second provincial broker.
RSA opens Leicester trading site
RSA opened its eleventh trading site today, in Leicester, where commercial brokers will be able to trade locally with underwriters.
Admiral guarantees premium discounts for users of new app
Admiral teamed up with telematics provider Wunelli to launch its ‘AppyDriver’ smartphone app in a bid to reward safer driving with discounted premiums.
FCA warns on Saffron clone
A group of fraudsters have cloned the website and marketing materials of broker Saffron Insurance, according to a warning from the Financial Conduct Authority.
FM Global’s Batten gets global services role
FM Global has appointed Nicholas Batten as vice president manager of global services at the company’s US headquarters.
JLT’s Thistle Insurance makes six appointments
Thistle Insurance Services has made six appointments looking to brokers Oval, Towergate and Giles for its new recruits.
Novae energy team growing with Payne
Lloyd’s insurer Novae has appointed Marsh’s former senior vice president of offshore construction to bolster its energy business.
Kiln appoints Richter to German surety role
Kiln has appointed Werner Richter as regional head of credit, surety and special risk in Germany.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Transactor grows team with newly created roles
Insurance software provider Transactor says its growth rate has allowed it to make two hires to fill new roles for the business.
Passporting insurers must assess value of rating says Gibraltarian commission
Gibraltar based-passporting insurers will have to consider the value of having a credit rating if the Solicitor's Regulation Authority introduces a minimum standard for qualifying insurers, according to Michael Oliver, head of insurance supervision at…
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Gable Holdings signs £10m delegated agreement with Aon
Insurer Gable Holdings has entered a £10m delegated underwriting agreement with Aon.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
CII targets retail as insurance giants fail to meet Aldermanbury standard
Aviva and DLG among those that failed to meet the terms of the declaration.