News
Hong Kong partner moves to law firm in Bangkok
Former Deacons Hong Kong partner Michael Turnbull has joined Tilleke & Gibbins as senior counsel in the insurance group at the firm's Bangkok office.
Metlife appoints Yong as Hong Kong CEO
Metlife has appointed Lennard Yong as Hong Kong CEO. Yong will report to Dr Nirmala Menon, senior vice president & head of designated markets and health, Asia, Metlife.
RSA shares up 6% at close after investigation reports
RSA’s share price has climbed 5.75% over the course of Monday’s trading following reports this weekend that a PWC investigation will conclude issues in its Irish business remain isolated.
Axa retains top spot in AM Best insurer rankings
French insurer Axa has held on to the top spot in the AM Best ranking of largest insurers by net premiums written, with Allianz climbing into third place.
Moody’s predicts strong growth for Asian P&C market in 2014
Ratings agency Moody’s is predicting strong growth in the Asian property and casualty insurance sector for 2014 with moderate growth forecast for the European region.
FCA planning Co-op Bank probe
The Co-operative Bank is facing a Financial Conduct Authority, the regulator revealed today.
Canopius to provide Arista with motor capacity
Commercial lines underwriting specialist Arista Insurance has reached an agreement with Canopius that will see the latter provide Arista’s motor capacity.
Tysers appoints Nemeth as marine director
Independent Lloyd’s broker Tysers & Co has appointed Richard Nemeth as a director of Tysers’ marine division.
ECIC targeting self-build homes with Sennocke deal
Niche insurer Electrical Contractors Insurance Company has prepared for a forecast spike in numbers of self-build and custom build homes in the UK with a deal to underwrite Sennocke’s specialist self-build site insurance product.
Ageas and Vauxhall announce van insurance offering
Ageas and Vauxhall have extended their partnership to offer van insurance.
Willis hails 30% increase in solicitors' PI market share
The UK legal services practice of Willis Group has grown its market share of the solicitors’ professional indemnity insurance market by around 30%.
Woollam takes on commercial distribution role at UK General
UK General has appointed former NIG director for key accounts Chris Woollam as commercial distribution and strategy director.
France declares state of natural catastrophe on Reunion Island
A deadly cyclone has seen France declare a state of natural catastrophe on the Indian Ocean territory of Reunion Island.
Axa restructures Manchester branch
Insurer Axa has restructured its Manchester branch in a bid to better support local brokers.
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Three senior exec changes for Crawford’s Asia-Pacific operations
Loss adjustor Crawford has announced three senior management changes in its Asia-Pacific region businesses.
Tokio Marine launches liability cover for freighters
Tokio Marine Europe has launched a liability insurance product for companies in the freight and warehousing sectors, supported by regional underwriting throughout the UK.
LV looks to Equity and NIG for underwriting appointments
LV Broker has strengthened its commercial underwriting team with two appointments.
Central deal was two years in the making, claims Marsh boss
Marsh’s first ever managing director for Scotland is targeting regional dominance after revealing an array of interested parties were turned down ahead of the deal that saw his former Central Insurance Services business acquired by Marsh.
UIA selects RDT solution to replace legacy systems
UK-based insurer UIA has selected technology provider RDT’s landscape solution following a comprehensive market review.
Tributes paid to Agrical’s Collinson following death
Agrical managing director Nigel Collinson has been described as an “inspirational and close friend” by his business partners of 18 years.
Airmic education initiative set to go live
An Airmic initiative that will provide educational and social support to people new to risk management is scheduled to go live this month.
Insurers cautious on Arctic voyages says LMA
Underwriters in the Lloyd's market would not be surprised to see proposals for cruise ships transiting Arctic routes to travel in pairs, the Lloyd's Market Association said this week.
Marsh cements Scottish position with Central Insurance deal
Marsh has reached an agreement to acquire Aberdeen-based Central Insurance Services in a deal that is expected to propel the combined entity to being the leading broker in Scotland.