News
LMA seeks clarity over impact of sanctions on marine fuel oil
The Lloyd's Market Association has sought reassurances from the UK government after concerns that insurers could fall foul of EU sanctions by insuring vessels that have inadvertently taken on Iranian oil as fuel.
Glasgow office for Parabis
Parabis has begun its campaign for a Scottish presence with the opening of an office in Glasgow.
Swiss Re places bonds to combine nat cat and mortality risks
Swiss Re has obtained $200m in coverage against North Atlantic hurricane and UK extreme mortality risk through its new Mythen Re programme.
Lancashire launches Saltire sidecar
Bermudian insurer and reinsurer Lancashire Holdings is to create a new sidecar, Saltire Re I.
China-based intermediary starts repurchase programme
CN Insure is to repurchase up to $30m of its American depositary shares by 6 May 2012 after its board of directors approved a repurchase programme.
Autonet and RSA team up for goods in transit policy
Autonet Insurance has joined forces with Royal Sun Alliance to extend their list of goods in transit providers.
Helphire engaging with DLG and RSA on Autofocus evidence
Helphire has indicated that a number of insurers are keen to reach settlements with the firm over the use of "dishonest" Autofocus evidence as the company reaches a deal with RSA and Direct Line Group on access to information on the rate surveyor.
Former Cobra underwriter joins Aro
Aro Underwriting has appointed Steve Lewzey, pictured, as senior underwriter, responsible for underwriting and developing the company's commercial combined product.
Privilege, Swiftcover and Tesco to benefit from gender directive
The three insurers' motor policies have been named as the most likely to be recommended by women, according to research by independent insurance analyst Consumer Intelligence.
Biba vows to work on providing 'one voice' following Deloitte report
The British Insurance Brokers' Association hierarchy is to form a steering committee and a timetable for consultation after a strategic review carried out by Deloitte identified a number of issues to address.
Ecclesiastical to leave UK motor market
Ecclesiastical has confirmed that it is to withdraw its Ecclesiastical and Ansvar brands from the UK broker market.
Thai acquisition to double Pru market share
Insurer Prudential is set to acquire Thanachart Life Assurance Company, a wholly-owned life insurance subsidiary of Thanachart Bank.
Junction boss moves across BGL to become Bennetts director
Bike insurance specialist Bennetts has appointed BGL's associate director of e-commerce and marketing in the Junction partnerships division as the newest director.
Insurance seen as safe haven amid falling Gulf stocks
The Qatar stock exchange fell by 38.78 points, or 0.45%, to 8,564.84 on Sunday from the previous close of 8,603.62, but insurance stocks bucked the overall trend.
Axa Singapore completes integration of HSBC GI
Axa Insurance Singapore has completed its integration of HSBC's general insurance businesses, a move that will expand the insurer's multi-distribution platform to a 700-strong network of insurance professionals, distributors and online motor and travel…
Crawford to realise superstorm Sandy claims in Q4
Crawford & Company has anticipated that superstorm Sandy will generate "significant claims" expected to materialise in the fourth-quarter results.
Bloodstock specialist signals growth plans with four signings
Specialist bloodstock and private client intermediary Weatherbys Hamilton will appoint four new partners in 2013.
Soter appoints Humphreys to head of operations role
Incident manager Soter Professional Services has appointed Dan Humphreys as head of operations with immediate effect.
Too early for Sandy loss estimates, says Hiscox
Hiscox chief executive Bronek Masojada has refused to be drawn on loss estimates following the release of the insurer's results for the nine months ending 30 September.
Go Compare reacts to sale rumours
Aggregator Go Compare has played down rumours of a sale, stating "nothing has changed".
Scor catastrophe bond to protect against European perils
As part of a strategy to diversify its capital protection tools, Scor has launched a multi-million pound catastrophe bond to provide protection against European windstorms, US hurricanes and earthquakes.
Ship that ran aground during cyclone had valid insurance, owner says
The oil tanker Pratibha Cauvery, which ran aground during Cyclone Nilam, was seaworthy and had valid insurance cover, according to a marine manager at Pratibha Shipping Company.
Equinox Global appoints Sweden-based underwriter
Equinox Global has recruited Lars-Erik Granqvist as a senior underwriter.
Equinox Global snaps up Scandinavian senior underwriter
Trade credit specialist Equinox Global has swooped for a new senior underwriter in the form of Coface global deals executive Lars-Erik Granqvist.