News
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.
Arista expands Southampton office
Arista Insurance has appointed Paul Avery to its Southampton office to help manage the underwriting team.
Willis recruits fish farm underwriter for aquaculture practice
Hughes-Gibb, the specialist agri-business division of Willis, has appointed Dan Fairweather to head its aquaculture broking and risk management division.
Carole Nash wins Suzuki deal
Carole Nash has won a tender to administer a motorcycle and scooter insurance scheme on behalf of Suzuki GB.
Aegis targeting short-tail marine with underwriting appointments
Aegis London has recruited two underwriters to lead a book of short-tail marine business, following their appointments on 8 November.
Ace shuffles UK regional management
Ace has created three new roles and appointed a new London and South East regional manager for corporate in a bid to boost relationships with brokers and clients.
Low interest rates and claims inflation hitting profits, warns Munich Re
The impact of persistently low interest rates on investments and the growing risk of inflation for severe bodily injury claims are cause for concern for the insurance industry, Munich Re has warned.
BrokersLink urges insurers to commit to junior staff development
The nurturing of young talent is being overlooked by insurers, potentially costing them a competitive advantage, according to speakers at BrokersLink's Madrid conference.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
RSA wins staff development awards
RSA has been handed two gongs by the Chartered Institute of Personnel Development.
Chartered broker websites 'overlook the basics', report finds
Brokers are downplaying their chartered status on company websites, according to research commissioned by Axa Commercial Lines and Personal Intermediary.
Kennedys finance staff at risk of redundancy
Kennedys law firm has started a redundancy consultation with 70 staff in its finance department as part of plans to consolidate the non-legal department.
Generali rejigs business structure
Italian insurer Generali has overhauled its business structure in a bid to ensure the group is managed "in a more integrated way".
ING sells Hong Kong and Thailand units to Li's Pacific Century Group
ING has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group in a deal worth €1.64bn.
Hong Kong insurers face stricter outsourcing rules
Hong Kong-based insurers will have to comply with new rules governing outsourcing from January 2013.
RFIB recruits Towergate risk boss
RFIB has swooped to recruit Towergate group risk officer Lisa Siggery to serve as risk and compliance director from 29 October.
Car insurance at two-year low but young driver rates rising
Car insurance premiums have shrunk to their lowest level in more than two years, according to price comparison site Tiger.
Jelf MD joins Alec Finch
Alec Finch has appointed Mike Latham as group managing director.
Barclays ringfences a further £700m for PPI compensation
Barclays is to set aside another £700m to compensate customers who were mis-sold payment protection insurance.
Swiss Re unveils senior appointments
John Dacey, Swiss Re's head of group strategy and strategic investments, is to join the group executive committee from 1 November.
Autonet recruits Carole Nash HR boss
Van insurance broker Autonet Insurance has appointed Penny Copeland, pictured, as director of human resources with immediate effect.
BrokersLink offers supply chain risk advice
International broker network BrokersLink has launched a supply chain risk management service for its members.