News
Barbon appoints former Scottish Provident boss as non-exec
Property broker Barbon has appointed ex-Scottish Provident CEO and Royal Liver Assurance chairman David Woods as a non-executive director.
Aon reports Q3 income growth
Aon has reported organic revenue growth of 4%, driving total group revenue to $2.7bn in the third quarter of 2012.
RFIB names property and construction director
Independent broker RFIB has recruited Faber Global's Edward Clark as director of global property and construction.
Ferma working party sets out timetable for European risk management certificate
The Federation of European Risk Management Associations intends to announce a definite plan for the European certification of risk managers at the Ferma Risk Management Forum in September 2013.
IFED charges seven 'ghost brokers'
The Insurance Fraud Enforcement Department has charged seven people with conspiracy to defraud and other fraud related offences.
Keychoice links with TFP Schemes on taxi risks
Independent broker community Keychoice has signed a deal with specialist insurance provider TFP Schemes to offer cover for taxi risks to its 800 members.
Xchanging signs five year renewal deal for IMR
Xchanging, the business process, procurement and technology services provider and integrator, has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
Cooper Gay yacht specialist joins Chartis
Chartis has named former Cooper Gay broker Ben Lind as senior yacht underwriter in the firm's private client group.
Mapfre off S&P 'Credit Watch' but Spanish economy continues to cause fears
Standard & Poor's cited uncertainty over the future of the Spanish economy as the reason behind its decision to affirm a ‘BBB+’ long-term rating on the core operating entities of Mapfre.
Sri Lankan MP calls for action over bogus reinsurance arrangement
Sri Lanka Insurance Corporation is reported to have lost Rs.208m by entering into a bogus reinsurance agreement.
Philippines earthquake pool moves a step closer
The Philippines insurance industry, government and multilateral lending agencies hope to reveal further details of the country's first earthquake insurance pool in December, it has emerged.
RSA and Dutch MGA strike $100m marine capacity deal
RSA and Rotterdam-based Underwriting Agency Charterama have announced a new partnership to market and distribute charterers' liability cover on a global basis.
Smith leaves Ink
The managing director of Ink Insurance Mike Smith has been placed on gardening leave.
Validus reports Q3 operating income up 50%
Bermudian insurer and reinsurer Validus saw a sharp rise in net operating income for the third quarter of 2012, reporting an increase of $58m.
RSA expands marine offering with Dutch deal
RSA is to provide up to $100m of charterers' liability capacity to Charterama, a Rotterdam-based underwriting agency.
IMR extends Xchanging tie-up
Xchanging has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
Lloyd's chair acclaims "massive benefits" of MGAs investing in China
Bank of China, China Re Group, China Insurance Regulatory Committee and the PICC were among the firms and organisations courted by Lloyd's last week as part of an event held in Shangai.
Biba devises alternative FSCS funding model
The British Insurance Brokers' Association has proposed an alternative structure for the Financial Services Compensation Scheme funding model.
BP Marsh assessing Finnish purchase
Venture capital firm BP Marsh is weighing up the acquisition of a broker in Finland, according to chairman Brian Marsh.
UK out of recession, but SMEs remain concerned
Over four-fifths of small to medium sized companies remain concerned about the economic climate, according to Zurich, despite declarations that the UK economy has returned to growth.
UK insurance group eyes Turkey and India acquisitions
UK insurance group BGL Group is to target Brazil, India and Turkey in a bid to widen its international footprint.
Hyperion 2013 IPO in doubt
A proposed initial public offering for Hyperion could be pushed back to 2014, says BP Marsh chairman.
Rugby legends touch down as QBE launches autumn international sponsorship deal
Legends from the world of rugby rubbed shoulders with QBE staff and brokers this morning as the insurer officially unveiled its four-year sponsorship deal of England's autumn international series against the southern hemisphere's top teams.
Beazley swoops for Allianz Re regional manager for Singapore role
Beazley is expanding its reinsurance team into Singapore with the appointment of Ben Liang.