News
Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
European windstorms caused most December damage
According to catastrophe modeling firm Impact Forecasting windstorms in Europe caused the largest amounts of insured losses globally in December.
Industry raises doubts over necessity of Insurance Brokers’ Standards Council
Chairman Anscombe says the IBSC allows sector to determine its own standards.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Telematics providers push for young driver curfew plans to be scrapped
Green paper on young driver safety postponed indefinitely ahead of debate.
Implications of RSA motor repair victory to be assessed by competition body
Court of Appeal rejects Allianz and Covéa case against RSA’s subrogation model.
Aviva and Sampo floated as potential suitors for RSA
Investment bank UBS has lifted its price target on RSA from 100p to 113p and issued a buy rating for the insurer, based on the prospect of a consortium bid for the firm led by Scandinavian rival Sampo.
Doug Smith appointed to corporate consultancy role
Former Willis and Marsh boss Doug Smith has joined Insight Insurance Consultancy’s corporate insurance consultancy business.
Risk Stop raids Aviva for risk management trio to launch SME venture
Risk control services provider Risk Stop has swooped for a trio of former Aviva Risk Management Solutions consultants ahead of launching a new venture offering health, safety and environmental consultancy services direct to UK SMEs.
Penny Black's Insurance Week
While Penny enjoyed snuggling down in front of the fire with a bottle of sherry and a big box of champagne truffles to watch Downton Abbey this Christmas, she was less obsessive about festive film viewing than the Towergate office, where one member of…
Keycare secures deal with van insurer Gladiator
Specialist key insurer Keycare has secured a deal with van insurer Gladiator which will see policyholders offered its key service as an additional extra.
Biba names Lord Hunt as chairman
Lord David Hunt of Wirral has been named as the new chairman of the British Insurance Brokers’ Association, replacing Andy Homer.
SRA in the dark on solicitor closures after 'non-cooperation'
Efforts to determine the number of solicitors that must close after being unable to obtain professional indemnity cover have been hampered by "an extreme lack of cooperation", according to the Solicitors Regulation Authority.
Brokerbility wraps up Fehnert acquisition
Brokerbility has confirmed a deal to acquire East Midlands broker Fehnert, as well as recruiting a new member to its broker group in the South West.
BLM launches PI and fraud offerings in Dublin office
Law firm Berrymans Lace Mawer’s Dublin office is to launch professional indemnity and fraud offerings which will be led by two new appointees.
Lonmar picks Q360 casualty boss for P&C MD role
Lloyd’s broker Lonmar Global Risks has recruited Q360’s head of casualty to helm a combined P&C division.
Swinton acquires Harrogate insurer's GI book
Swinton has acquired the general insurance book of Harrogate-based insurer Harrington Bates while announcing it expects another acquisition deal to be completed this month.
Dubai expats warned of mandatory health insurance implications
Expatriates in Dubai have been urged to ensure they have the correct level of health insurance in place following a ruling by the Dubai healthcare authority.
Modena becomes Markel analyst after nine years at Euler Hermes
Markel International has appointed former Euler Hermes UK senior risk underwriter Maren Modena as senior risk analyst in its trade credit division.
Carnahan to head Cunningham Lindsey's executive loss adjusting unit
Cunningham Lindsey has promoted Jon Carnahan to senior vice president and head of its international executive loss adjusting division.
Biba hires pair of area managers as regional focus is reinforced
The British Insurance Brokers’ Association has reiterated its commitment to regions across the UK with the appointment of two area managers as the regional faces of the association.
Floods minister prioritising storm response alongside insurers
Environment Secretary Owen Paterson has described flood management as “a real priority” as government continues to work closely with local councils and the insurance industry to ensure residents and business owners get the help they need following the…
Catlin Bermuda opens Singapore branch
Catlin Group has formed a Singapore branch of Catlin Insurance of Bermuda. Catlin Insurance Company writes specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region.