News
Talanx posts 8% increase in GWP in first nine months
German insurer giant Talanx posted an 8% increase in gross written premium in the first nine months of 2013 to €21.4bn.
Aviva underwriters and brokers to benefit from RoSPA partnership
Aviva has partnered with the Royal Society for the Prevention of Accidents in a bid to provide policyholders, underwriters and brokers with a range of health and safety-related benefits.
TT Club to insure Europe's largest logistics port
The TT Club will be providing liability cover for London Gateway, the UK’s largest deep-sea container port and Europe's largest logistics park.
Insurers countering credit hire fraud despite rise in exaggerated claims
Fraudulent credit hire claims involving ‘artificial exaggeration’ have increased by 29% over the past two years, according to a study carried out by law firm DAC Beachcroft.
RSA CFO downplays S&P downgrade
RSA's chief financial officer Richard Houghton has responded to the firms downgrade by S&P saying the move brings it into line with the Moody's and Fitch.
Aon 'in talks' with Towergate over Footman James sale
Aon is in "advanced talks" with Towergate over the sale of classic car and motorcycle broker Footman James.
Paymentshield targeting brokers in personal finance campaign
Paymentshield chief executive Tim Johnson is calling on brokers to educate clients on the benefits of consulting a professional advisor after a survey showed 50% of respondents have never reviewed their finances.
Questgates swoops on loss adjusters from Cunningham after 'business wins'
Questgates has made a number of appointments following "further new business wins".
Tinkoff takes Guidewire software to Russia
Direct-to-consumer insurer Tinkoff Online Insurance has chosen Guidewire Software’s Guidewire Insurance Suite as its platform for underwriting, rating and policy administration, claims management and billing.
Zurich reports £20m fall in UK GWP in first nine months
Zurich’s UK reported business operating profit of £113m in the first nine months of 2013, up 79% year on the same period in 2012.
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
Broker Network pens three year deal with Lorega
Broker Network chief executive Gary Duggan has hailed the signing of a three year exclusive deal with Lorega as enabling his organisation to ensure “the highest quality” claims support services to members.
Solvency II on track after Omnibus II deal reached
A deal has been reached by the trialogue parties of the European Union on Omnibus II, putting an end to months of political wrangling that threatened to derail the Solvency II implementation deadline.
RSA downgraded on profit warnings
RSA’s financial strength and issuer credit ratings have been downgraded from ‘A+’ to ‘A’ by Standard and Poor’s following its profit warning,
Zurich sees European GWP shrink in first nine months
Zurich's general insurance business recorded a 3% increase in gross written premiums and policy fees to $28.2bn (£17.57bn)in the first nine months of 2013.
Zurich records 2% profit increase to $3.6bn in Q3
Zurich's business operating profit increased by 2% at the end of Q3 2013 compared to the same time last year.
Insurance losses won't top $100m in the Philippines, says Eqecat
As a result of low insurance penetration in the disaster struck areas of the Philippines from typhoon Haiyan, the insurance bill is not expected to be more than $100m according to catastrophe risk modelists Eqecat.
AGCS appoints Asia engineering manager
Chris van Gend has been appointed Allianz Global Corporate & Specialty's regional engineering manager for Asia.
FCA alert to issues with broker sidecar deals
The Financial Conduct Authority has its eye on broker facility deals in the London Market, such as the one forged between Aon and Berkshire Hathaway.
CMS publishes 'practical guide' on claims against law firms
CMS has published a guide on claims against solicitors to assist parties involved in the professional indemnity market for law firms.
XL hires Le Boutillier as senior underwriter for fine art & specie
XL Group has appointed Paul Le Boutillier as senior underwriter for fine art & specie.
Tech company warns of ‘wilful blindness’ liability in ignoring telematics data
Businesses failing to correctly use their telematics systems to monitor and act upon drivers’ behaviour could be leaving themselves exposed to costly legal action in future, according to technology provider In-Car Cleverness.
HCC swoops for QBE underwriter to boost PI team
HCC International has hired professional indemnity underwriter Nicola Marshall to join its London-based PI team.