News
IAG confirms Equity Red Star sale ahead of huge predicted losses
Insurance Australia Group has confirmed the sale of its UK business to Aquiline Capital Partners, following the completion of a strategic review in which the firm predicted net losses of £156m after tax.
Rothko vandal jailed for 'unacceptable' crime
The man who defaced a Mark Rothko mural at the Tate Modern in October has been sentenced to two years' imprisonment.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.
Bridge broker unveils creative industries division
Bridge Insurance Brokers is expanding into new markets with the launch of a creative industries specialist division.
AJ Gallagher hands ex-Brit chief exec Eckert NED role
Former Brit Insurance chief executive Neil Eckert has been appointed a non-executive director of Arthur J. Gallagher International.
Male drivers more accident-prone, research finds
Young men are more likely to have serious accidents than women of the same age because they are more prone to sudden breaking and driving for extended periods without taking a rest, according to research by Insure the Box.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
RSA strengthens partnership with Hood Group
Hood Group subsidiary Select and Protect has appointed RSA as the sole underwriter for its Ultima home insurance product.
HDI-Gerling hires engineering and construction director
Industrial insurance company HDI-Gerling has appointed David Chew as engineering and construction director.
Hardy raids London market for senior quartet
Lloyd's insurer Hardy has made the first senior appointments following its acquisition by CNA, including a new chief operating officer.
Telematics technology can curb 'crash for cash fraud', says Cobra
Insurance technology firm Cobra has called for the wider use of telematics in vehicles to stamp out fraud.
Moody's launches Solvency II compliance tool
Risk measurement and management firm Moody's Analytics has added a Solvency II compliance tool to its enterprise risk solutions suite.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.
GFIA launches official website
The Global Federation of Insurance Associations has launched an official website designed to promote better understanding of the global insurance industry.
Towergate takes on NFU Mutual team in Aberdeen
Towergate has underlined its retail growth plans for Scotland with the hire of a seven-strong team to the consolidator's Aberdeen office.
South Korean regulator voices concerns over local insurer solvency
The South Korean regulator has advised local insurers to increase their capital base.
Farm and General selects Transactor as software provider
Insurance software house Transactor Global Solutions has been chosen as the new software supplier for specialist agricultural and horticultural insurance provider Farm and General Insurance Consultants.
Marsh launches 12th global energy hub in Mumbai
Marsh has launched its 12th global energy hub in Mumbai to serve the risk and insurance needs of the growing oil and gas sector in the region.
Lorega hires ex-Keelan Westall development manager
Lorega has hired Sam Purcicoe from broker Keelan Westall as business development manager for the north of England.
Autonet offers online support to prospective van buyers
Autonet Insurance has refreshed its online offering to provide customers with tips on what to look for before purchasing a second-hand van.
Colosso joins Howden as non-executive chairman
Former Heath Lambert chief executive Adrian Colosso is returning to the insurance market as non-executive chairman of Howden Broking Group.
Government criticised for jumping the gun with whiplash proposals
Claimant bodies have accused the government of attempting to introduce "too much reform, too soon" following publication of the Ministry of Justice's long-awaited whiplash consultation.
Jelf to set up managing general agency as it pays maiden dividend
Jelf is to set up a managing general agency offering products to members of its Purple network as the company plans its first acquisitions in five years.