News
Sovereign Capital acquires Kindertons
Private equity firm Sovereign Capital has acquired Crewe-based accident management services provider Kindertons for an undisclosed sum.
DLG to sell closed UK life book to Chesnara
Direct Line Insurance Group has agreed to sell its closed UK life insurance book to Chesnara and will collect a £23m dividend from the business.
Thailand's catastrophe fund 'returns rates to normal'
Payungsak Chartsutipol, chairman of the board of the National Catastrophe Fund, has claimed that Thai insurance rates have returned to a normal level thanks to the fund.
Premiums rising for shipowners, according to Tysers
Declining investment income is expected to trigger an average premium rise of 7.5% for shipowners, according to Tysers’ annual report on protection and indemnity clubs.
Indian Prime Minister warns over natural disaster threat
The Prime Minister of India Manmohan Singh has warned India needs to take greater preventative measures towards the onset of natural disasters.
Tysers report points to premium rises for hard-up shipowners
Declining investment income is expected to trigger an average premium rise of 7.5% for shipowners, according to Tysers’ annual report on protection and indemnity clubs.
LMA backed by London market members
The Lloyd’s Market Association has received a vote of confidence from London underwriters, chief executives and other market members.
Ace launches environmental risk taskforce for Continental Europe
Ace Europe has appointed Nicolas Givelet as risk engineer in its Continental Europe environmental insurance team as it continues to invest in building its environmental risk expertise.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
UK GI business volumes up Q3 says PWC
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
E-Underwriting launches niche property owners product
E-trading specialists E-Underwriting has unveiled a property owners product, enhancing Power Place’s panel with a niche product.
Lloyd's left in the shade by company market in reputation report
Catlin has been nominated the best known underwriting business and Zurich the fastest improving business, following a Gracechurch Consulting poll of more than 450 London market brokers.
HSB recruits from Aviva for construction lead
HSB Engineering has swooped for Aviva’s trading underwriting manager in construction, power and engineering.
Axa strikes £20m travel insurance deal
Axa Commercial Lines and Personal Intermediary has signed a five-year deal with David Oliver Associates to provide wholesale and retail travel insurance to the insurance broker market.
Willis Group hires Drivas to drive European fac growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
Willis hires Drivas to drive facultative reinsurance growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
Ascot recruits Navigators underwriter for marine account
Ascot Underwriting has appointed a Navigators senior underwriter to take on the role of senior vice president in New York.
Typhoon Fitow hits Eastern China
Yet another typhoon has hit Eastern China cutting power and causing damage to homes.
Sterling recruits former Axa Manchester boss Hodgin
Sterling insurance has recruited Simon Hodgin to serve as its new divisional manager for the northern regions.
Taiwan insurers have $10bn for overseas property
Following new government rules on relaxing investments overseas, Taiwan insurers have $10bn to spend in overseas properties.
Thailand to host flood conference
Thailand will host a flood control conference in Bangkok at the end of October.
GI business volumes rose in Q3 says PWC report
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
Metal theft claims drop by 50%
Metal theft claims have dropped by 50% to 480 for the first nine months of 2013, according to Ecclesiastical.
Hudson admits more can be done by Aviva to win brokers over
Aviva’s broker performance director Sam Hudson is convinced that new UK general insurance chief executive Maurice Tulloch will prove invaluable in securing greater engagement with brokers.