News
Raffard appointed at MetLife as head of regional strategy
Serge Raffard has left McKinsey in Asia to become regional head of strategy and business development for MetLife's Asian operation.
FP Marine cites costs of claims and poor returns for rising premiums
A director at broker FP Marine Risks based in Hong Kong agrees with Lloyd's broker Tysers that P&I clubs will likely raise shipowners' premiums at a rate on average of 7.5% this year, similar to last year.
IT provider Northdoor contracts with proposed syndicate
IT provider Northdoor has contracted to provide its underwriting system Ndexinsure to proposed Lloyd’s syndicate 1729 Dale Underwriting Partners.
Ex-Mapfre travel claims boss Smith takes on Avanti role
Avanti Insurance has appointed Mapfre’s former head of travel claims Julie Smith to the role of business development director.
Machell accepts consultancy and Tesco roles
Aviva's former head of emerging markets Simon Machell (pictured) has joined Dutch consultancy firm CPI's Asian arm in Singapore to become chairman of its advisory board.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
27 arrested in nationwide fraud insurance raids
Dawn raids across the country resulted in 27 people being arrested as part of police efforts to combat the sale of fake insurance policies or ‘ghost broking’.
Bexhill inks four brokers finance deals
Premium finance firm Bexhill has completed agreements with four brokers based in Bristol, East Anglia, London and Wales.
Markel buys Abbey Protection for £116.5m
Specialist insurer Markel has acquired Abbey Protection for £116.5m; a price representing 9.3 times the insurer’s EBITDA.
Further Quindell deals in the pipeline as Terry plots full listing
Quindell plans to sign several more deals of a similar scale to its agreement with Direct Line Group, but does not see such things as a prerequisite for a full listing on the FTSE 250 stock exchange, according to chief executive Rob Terry.
Aviva refreshes board with non-executive appointment
Aviva has appointed Patricia Cross as an independent non-executive director to its board, effective from 1 December 2013.
Swinton urges closer broker ties with IFB after Gumtree success
Social networking sites and eBay still targeted by ghost brokers
Industry backs extension of squatting ban despite lack of claims in 2013
Property landlords liable for damage and personal injury as a result of squatters.
Concerns grow for solicitors’ PI market as top brokers look to unrated carriers
At least 175 law firms enter EIP as impact of Berliner exit continues.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Quindell signs £150m deal with DLG
Outsourcing specialist Quindell Portfolio has agreed three year service contract with Direct Line Group.
Governments count cost of September catastrophes
The latest Aon Benfield Impact Forecasting Global Catastrophe Report reveals $15bn of economic losses.
ICO rogue PI probe to be completed in eight months
The Information Commissioner Office’s investigation into the clients of rogue private investigators is expected to require eight months and up to £20 000 to complete.
Court of Appeal upholds legality of basis clauses
The court of appeal has confirmed the legality of basis of contract clauses in a case involving Liberty Syndicate.
SPB to unveil Portsmouth office
Affinity insurance provider SPB UK will open a new head office at Enterprise House in Portsmouth this November.
Cunningham Lindsey grows pre-tax profits 40% in 2012
Loss adjuster Cunningham Lindsey has reported steeply rising pre-tax profit for the year ending December 31 2012, hitting a total of £13.6m for the twelve months.
Hastings receives Goldman Sachs investment
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
Dual launches asset underwriting division
Dual, the underwriting arm of Hyperion Insurance Group, has launched an asset protection division under the name Dual Asset Underwriting.