News
Ghost broking battle gains impetus as Gumtree closes insurance platform
Brokers welcome the decision to dispense with the category
AIG appoints Jason Beelders to lead new partner network
Jason Beelders has been named head of AIG Europe’s newly formed multinational network partner practice, based in London.
Aviva faces cost backlash over adjusting panel cuts
Redundancies feared at Crawford after lost business.
Insurers left perplexed by FSB’s ‘global systematically important’ tag
Report highlights potential ratings impact for implicated insurers.
Plum in Northern Ireland move to grow footprint
Plum Underwriting is expanding its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
Oval secures £43m four year refinance deal
Oval has secured a £43m refinance package to support its growth plans, with Barclays and Lloyds providing the funding.
Paedophile teacher leaves council picking up £300 000 liability excess
North Somerset Council is facing the possibility of paying out £300 000 in insurance excesses professional indemnity claims relating to the victims of a paedophile teacher.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Guernsey's First Central considering bond issuance to fund growth plans
Guernsey-based motor underwriter First Central Insurance Services is looking into a bond issuance to help it raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
First Central considering bond issuance to help firm to go 'next level'
Guernsey-based motor underwriter First Central Insurance Services is considering a bond issuance in a bid to raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
Plum eyes further expansion after Northern Ireland move
Plum Underwriting has moved ahead with plans to expand its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
DirectAsia.com enters Hong Kong motorbike market
DirectAsia.com is entering the Hong Kong bike market by offering a reimbursement of the price difference if bikers can find cheaper motorcycle insurance elsewhere.
AIR appoints COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer.
Willis says cat bond market needs to expand
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
L&G hires replacement customer services director
Legal & General has appointed Vanessa Sallows as customer services director for group protection, replacing Steve Ellis who has moved to another role within the company.
Travelers reports 91% increase in net income for Q2
US insurer Travelers today reported net income of $925m, or $2.41 per diluted share, for the quarter ended June 30, 2013, compared to $499m, or $1.26 per diluted share, in the prior year quarter.
Portal extension unlikely to bring EL/PL claims surge: Kennedys
Next week’s extension of the Road Traffic Accident portal to include employer’s liability and personal liability claims is unlikely to result in a rapid increase in claims according to law firm Kennedys, following counteremeasures introduced by the…
New corporate boss for Perkins Slade after Rowe exits
Broker Perkins Slade has made several changes to its senior management team including a new corporate leader following Darren Rowe’s departure this month.
Industry agrees to 75% payout for mesothelioma scheme
Employer’s liability insurers have agreed to pay 75% of civil compensation for mesothelioma victims that cannot trace their insurer after debate in the House of Lords.
Insurance veteran Keith Fenwick to chair equity firm
Keith Fenwick has been appointed chair of Fusion AI Partners’ advisory board.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
S&P: G-SII label will have mixed long-term impact on ratings
A report by Standard & Poor’s says the designation for global systemically important insurers has both positive and negative implications for insurer’s ratings in the long term.
Ergo's 'AA-' financial strength rating affirmed by Fitch
Germany-based insurers Ergo Life and DKV have had their insurer financial strength ratings affirmed at 'AA-' by Fitch.
Law Society will not abandon controversial campaign
Law Society president Nicholas Fluck has “no plans to abandon” the organisation’s recent personal injury advertising campaign following a call from the Association of British Insurers to withdraw it.