News
Israeli bank could sell whole Migdal stake
Israeli bank Leumi has begun selling its nearly 10% stake in Migdal Insurance and Financial Holdings to institutional investors, Reuters said on Thursday, quoting a market source.
Gable is likely takeover target, says investment bank
Gable's appointment as a Towergate trading partner in December is "further evidence that it has established itself as an accepted provider of insurance products", according to Panmure Gordon, which has listed the Lichtenstein-domiciled insurer as its …
ECIC launches roofing contractor scheme
The Electrical Contractors' Insurance Company has developed a new product for certified roofers and industry body members.
Arista scheme targets £400 000 premium in first year
Arista Insurance has set up a scheme with Merseyside broker Business Insurance Services.
LV legal fight sees man who invented collision jailed for eight months
A county court judge has warned contrived collision fraudsters to "take heed" after jailing a driver who attempted to claim for a car accident that never happened.
Flood brick entrepreneurs win Defra funding
The inventors of a flood brick designed to replace sandbags and defend homes from flooding have been awarded more than £44 000 by the Department for Environment, Food and Rural Affairs.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.
Catlin backs ticket cancellation product
Catlin is underwriting a ticket cancellation product for PH Hotels.
Open GI promotes customer service lead
Systems provider Open GI has expanded the role of its customer service head in a bid to bolster services.
ABI boss Thoresen resumes flood talks with Cabinet minister Letwin
Association of British Insurers director general Otto Thoresen is locked in talks today with Oliver Letwin, the Cabinet minister responsible for co-ordinating government policy, with a view to finally identifying a future flood risk solution.
William Russell tackles soaring premiums with low cost UAE network
William Russell is giving price conscious clients in the United Arab Emirates the option to use a cheaper medical network in a bid to tackle premium inflation in the region.
Prices mostly stable at January reinsurance renewals
January 2013 reinsurance renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility, according to Guy Carpenter.
Nexus forms Lloyd's MGA to underwrite trade credit indemnity
Nexus Underwriting Management has launched a Lloyd's managing general agency, Nexus CIFS, focusing primarily on trade credit indemnity business.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Equity buys renewal rights to Ecclesiastical's Ansvar motor book
Equity Red Star has secured the rights to broker-sourced Ecclesiastical's motor business, underwritten by its ethical insurance arm Ansvar Insurance.
Miller hires facultative broker
Facultative reinsurance broker Charlotte Condon has joined Miller's reinsurance team in London.
HDFU trawls through historic data to launch risk profiling model
The Hill Dickinson Fraud Unit has developed a fraud risk profiling model that assesses risk and scores individual motor claims and the claimants within them.
MEP says gender ruling "flies in face of common sense"
Marina Yannakoudakis, MEP for London and Conservative Women's Rights spokesman in the European Parliament, has criticised the EU’s gender-neutral pricing rules which took effect on 21 December 2012.
Parry partners with Sterling in consultant role
Former NIG sales and distribution director Dave Parry is to join Sterling Insurance as a consultant through his new venture, Integrity.
Bupa to enter Polish market
Bupa plans to enter the Polish market with the acquisition of private healthcare provider LUX MED.
Software house CDL promotes Johnson to MD role
CDL has promoted former customer services boss Gary Johnson to the board of directors where he will lead the company as group managing director.
RSA cuts 93 Croydon jobs
RSA is to quit its Croydon office to relocate to a smaller site later this year, putting more than 90 staff at risk of redundancy.
Start-up boss aims to counter negative consumer view of large insurers
The CEO of a new online start-up believes that the appetite for insurers to diversify their books could trigger growth in social media-derived cover.
Groupama cuts stake in Société Générale
French insurer Groupama has reduced its direct and indirect shareholding in French banking group Société Générale.