News
Dutch non-life market “stable” says Fitch
Non-life insurers in the Netherlands face a stable environment in 2014, in spite of continued pressure on the health market.
Fitch Ratings expects further Malaysia market consolidation
In an outlook report, Fitch Ratings believes the requirement for composite insurers to segregate operations into life and general insurance units could mean further consolidation in the market.
Geneva Association head to step down
The Geneva Association’s Secretary General, John Fitzpatrick, has informed the board that he will not stand for reelection at its general assembly in May 2014.
First Singapore riots in 30 years
27 people were arrested in Singapore yesterday after a riot in Little India was triggered by the death of an Indian national.
HKFI raises doubts on Hong Kong government health scheme
The Hong Kong Federation of Insurers has hailed the progress made by private medical insurance in Hong Kong and says it has doubts over the effectiveness of the proposed Health Protection Scheme.
Lloyd's MGA Lime Underwriting to offer financial lines
US Risk (UK), which owns Oxford Insurance Brokers and James Hampden International, has started Lime Underwriting, a managing general agent at Lloyd’s, for the UK and international financial lines sectors.
UK leads Europe for PI cover
The UK has the largest market for professional indemnity insurance in Europe according to research by Finaccord.
L&G GI head Diane Buckley to leave insurer
Legal & General's general insurance managing director Diane Buckley, pictured, is to leave the business amid a company restructure.
Liberty Mutual wholesale manager Goodearl joins XL
XL Group has appointed Lewis Goodearl as chief underwriting officer UK property and casualty for its Lloyd’s business.
Open GI appoints insurer relations exec
Open GI has grown its insurer relations team with the appointment of Siân Nicholls as insurer relations executive.
Barbon finance boss to depart in 2014
Barbon finance director Kevin Withington will leave the broker early next year after turning down the opportunity to relocate to Lincoln.
TSC to unveil report to government’s whiplash response
The Transport Select Committee has agreed to publish its Eleventh Special Report of Session 2013-14 on 12 December.
Gorkana founder backs insurer network
Insurance social network My Slipcase has gained backing from the founder of public relations site Gorkana, less than 18 months after launching.
Broker Baronsmead hires Andrew Ducat as client service head
Specialist financial risk broker Baronsmead has appointed Andrew Ducat as partner and head of client service.
Patria Re targets London market with new office
Mexico City-based Latin American insurance and reinsurance specialist Patria Re has opened a new marketing office aimed at the Lloyd’s and London market.
Recent floods could cost the industry £100m
Claims arising from the coastal floods that hit parts of the UK last Friday could potentially reach £100m, according to PWC estimates.
Aviva promotes Fraser Edmond as Hudson’s successor
Aviva has promoted Fraser Edmond to replace Sam Hudson as broker performance director, the insurer has confirmed.
LMA power group opens up to companies market
The Lloyd’s Market Association will open up members of its newly-formed power generation panel to the companies insurance market.
RIIG announces administration plans
Claims provider Resources In Insurance Group will appoint an administrator after conceding it will not be able to meet tax bills.
Aon Risk Solutions' Barclay to take over Rural reins from Stevens
Rural Insurance has appointed Aon Risk Solutions' Ian Barclay to replace Simon Stevens as managing director of the agricultural insurer.
MoJ to strengthen CMC complaints service
Legal changes announced by the Ministry of Justice will see consumers receiving compensation should they be mistreated by claims management companies.
Canopius unveils new head of international liability insurance
Reinsurance underwriter Canopius Group has appointed Andrew Pooley as head of its international liability insurance line.
Alterra deputy underwriter Howlett moves to Argenta
Argenta Syndicate Management has appointed Matthew Howlett as accident and health underwriter at Argenta Syndicate 2121.
Esure looks to Spain as Dancausa joins board
Esure Group has appointed Maria Dolores Dancausa as an independent non-executive director.