News
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Global Aerospace opens Cologne office
Global Aerospace has hired Joerg Jakobs to lead a new branch office in Cologne, Germany.
Nexus trading platforms unveil new underwriting partners
Nexus Underwriting Management has introduced new underwriting partners for its Lloyd's trading platforms Nexus Financial Products and Nexus Professional Risks.
Towergate recruits Aviva's Leonard as private clients director
Towergate Insurance has appointed Scott Leonard as private clients director from Aviva, where he had served as underwriting manager of the high net worth team since 2009.
Human error remains 'core challenge' in bid to reduce maritime losses
An Allianz report into annual ship losses has identified human error as the "core challenge" in reducing annual maritime losses, which last year increased to 106 from 91 in 2011.
Aviva swoops for RSA's Penwarden for commercial CUO role
Aviva has recruited RSA group speciality director Susan Penwarden to serve as chief underwriting officer for commercial corporate and speciality lines.
Polish law firm OKW joins global legal network Insuralex
Olczak-Klimek van der Kroft Węgiełek has been elected as a Polish member of independent global insurance law network Insuralex.
Argo launches first sidecar
Argo Group International has set up its first sidecar in the form of Harambee Re for the 2013 accident year.
HSBC's Ping An stake sale in trouble
A Thai bid to buy HSBC's 15.6% stake in Chinese life insurer Ping An could be in trouble.
Some European insurers still value for money, says Westhouse
Despite the broader pan-European insurance sector delivering among the worst total returns over the past decade, some management teams are still adding value, Westhouse said in a note today.
Insurance Europe welcomes dialogue between EU and US on regulation
Trade body Insurance Europe has praised the dialogue between EU and US policymakers on insurance regulatory issues.
Zurich makes Impossible appearance on the silver screen
Zurich Insurance has engaged in film product placement for the first time by featuring in two scenes of new blockbuster The Impossible.
Autoglass launches loyalty reward scheme with Aviva
Autoglass and Aviva have joined forces to reward the insurer's policyholders with benefits at the point of service.
Admiral follows home market entry with RICS tie-up
Admiral has followed its soft launch of home insurance by signing a deal with the Building Cost Information Service of the Royal Institution of Chartered Surveyors.
Ace's Andrade appointed COO for overseas insurance
Juan Andrade, Ace's division president for global personal lines and small commercial insurance, has been appointed to the additional post of chief operating officer for the firm's overseas general insurance business.
Former Aviva director Winslow joins AIG
AIG has named Adam Winslow as its new UK distribution director from 14 January.
Questgates joins oil spill response association
Questgates has joined the UK Spill Association as an associate member, becoming the first loss adjuster in its ranks.
CII to offer more international-only qualifications
The Chartered Insurance Institute has broadened its options for international insurance agents with new international-only qualifications.
Covéa appoints UK commercial lines director
The UK underwriting arm of French mutual Covéa has appointed Simon Cooter as commercial lines director.
Airmic members predicting two-year rise in casualty rates
Risk managers are expecting to see an increase in casualty insurance rates over the next two years, despite a recent Airmic survey showing rates remaining flat.
HSB strengthens Manchester office
HSB Engineering Insurance has appointed Paul Cuddihy as business development manager.
Antares forms partnership with Japan's Itochu Corporation
Antares has formed a strategic and financial alliance with Japanese trading organisation Itochu Corporation.
Insurers' profits down 12% over two years
Insurers' profits are expected to have fallen 5% in 2012, Ernst & Young said today, as the firm forecast another difficult year for the financial services industry.
Antares syndicate wins Japanese funding
Antares has completed a deal with Japanese trading organisation Itochu for investment in its syndicate.