News
Medical panels debate heats up as both sides angle for places in working group
Possible £5000 limit and funding by insurers among issues up for discussion.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
Swiss Re Corporate Solutions appoints head of EMEA
Swiss Re Corporate Solutions, has appointed Tony Buckle as head of its Europe, Middle East and Africa operations
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.
International development and modernisation on LMA radar for 2014
The Lloyd’s Market Association will focus its efforts on international market development, market modernisation initiatives and improving the management of third party suppliers during the course of 2014.
Columbus Legal unveils new legal aid policy
Columbus Legal has pulled back the wraps on a new legal expenses policy designed to aid customers losing out on legal support following reforms.
Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
Biba appoints Flaxmans to claims advocacy role
The British Insurance Brokers Association has named mediator Flaxmans as its preferred provider of claims resolution and advocacy services.
Telematics policies increased 61% in 18 months, Biba research shows
The number of live telematics policies increased by 116 000 between 2012 and 2013, according to research from the British Insurance Brokers’ Association.
Amlin looks to Lloyd’s for underwriting hire
Amlin has appointed Ole Enevoldsen as group head of underwriting assurance.
Insurer FSCS levy to drop 37% while brokers see £8m increase in 2014/15
The proposed general insurance levy payable to the Financial Services Compensation Scheme in 2014/15 has dropped 37% from the year before, the organisation’s budget shows.
Markerstudy spurned last minute Co-op bid
Gibraltar-based motor insurer Markerstudy declined an offer to join an unnamed US investment house in a last-minute bid for the Co-operative’s general insurance arm, Post can reveal.
Post Intelligence docu-video: Is Flood Re the right insurance solution?
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
Caviet to serve as interim AmTrust CEO at Lloyd's following Halpin exit
Geoff Halpin has stepped down as chief executive of AmTrust at Lloyd’s, Lloyd's managing agent of Syndicate 1206 and Syndicate 44.
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
BMS joins forces with research institute for ERM solution
Independent insurance specialty firm BMS Group has entered into an exclusive partnership with research institute RTI International to offer enterprise risk management services.
Pratten to preside over £1.5bn in Canopius investment role
Canopius has appointed Michael Pratten to the newly created role of chief investment officer.
SRA ratings plans 'confused' says Enterprise
An unrated professional indemnity insurer has condemned plans from the Solicitors Regulation Authority to bar insurers rated below B.
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.
Underwriting trio form aerospace business via 'club-style' MGA
Altitude Risk Partners has formed an aerospace underwriting business after utilising Castel Underwriting Agencies’ ‘club-style’ managing general agent platform.
S&P forecasts downgrades for reinsurers
Ratings agency Standard & Poor’s is predicting downgrades for reinsurers over the next two years due to increased competition and curtailed profitability.
No casualties reported from New Zealand earthquake
There have been no reported casualties from a 6.3 magnitude earthquake that hit New Zealand's North Island yesterday afternoon.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Willis' Thomas moving to Singapore
Neil Thomas, executive director, energy, property and casualty claims at Willis is moving to Singapore from London in February to help him concentrate more on Asia.