News
United India appoints Kharat as chairman and MD
United India Insurance Company has appointed Milind Kharat as chairman and managing director.
Young female driver premiums fall ahead of ECJ directive
The average motor premium for young drivers has fallen slightly, while the gap between motor premiums for young male and female drivers is narrowing, according to the AA.
Giles names Dickson as MD for the south of England
The latest in a long line of recent managerial recruitments has seen Giles appoint Paul Dickson as regional managing director for the south of England.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
BP Marsh eyes insurance opportunities
Venture capital provider and Hyperion investor BP Marsh has reported profit after tax of £2.2m, representing an increase from £2.0m for the six months to 31 July 2011.
German broker Unison hires Toben for linked business in Chicago
Hamburg-headquartered Unison Brokers has appointed Heidrun Toben as associate director for European linked business to work in its Chicago office.
Middlesex-based broker snaps up northern firm ahead of acquisition push
Acquisitive high-street broker Bryan James & Co has signalled its intention to complete further purchases having reached a deal to take over the Warrington branch of Lloyd's broker Bennett Gould & Partners.
Mapfre Assistance opens in Ireland creating 70 positions
Mapfre Assistance has opened a new assistance centre in Galway.
Cooper Gay Swett & Crawford seals equity investment
Broking group Cooper Gay Swett & Crawford has agreed terms with Lightyear Capital and institutional co-investors for a substantial investment into the CGSC Group.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
Cooper Gay sells 55% stake to Lightyear Capital
Cooper Gay Swett & Crawford has agreed a deal in which Lightyear Capital gains majority ownership of the broker.
Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Biba welcomes ERN collection rates
Almost half of respondents to a British Insurance Brokers' Association survey have reported 70% to 100% collection levels of the employer reference numbers.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
Green Road launches fleet driver performance app
Driver performance management specialist Green Road has launched a smartphone-based solution for fleets.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
Hiscox appoints head of catastrophe research and two trainees
Hiscox has appointed Dr Richard Dixon as group head of catastrophe research, and expanded the London Market reinsurance team with two recruits.
Risk management linked to good corporate performance
Maturity of risk management processes is correlated with sustainable improvements in corporate performance, according to the 2012 Risk Management Benchmarking Survey of the Federation of European Risk Management Associations.
Hiscox names catastrophe research lead
Hiscox has swooped to appoint a group head of catastrophe research, as well as adding two to its Lloyd's non-marine team.
IUA report shows £22bn of 2011 premium income controlled by London
The amount of wholesale and commercial business governed by London companies reached a combined premium total of £22bn last year, according to statistical analysis by the International Underwriting Association.
Allianz recruits Liberty Mutual financial lines underwriter
Allianz Global Corporate & Specialty has appointed Elke Vagenende as head of product development, financial lines (UK).
Nexus to establish new MGA following CIFS purchase
Nexus Underwriting has exchanged contracts for the purchase of Credit Indemnity and Financial Services from Novae Syndicates.
Allianz boosts financial lines team with Liberty hire
Elke Vagenede has been appointed as head of product development for financial lines at Allianz Global Corporate and Speciality.
PRA aims for "judgement-based" approach
Two documents outlining the Prudential Regulation Authority's approach to supervision when it is established in April 2013 have been presented today to stakeholders.