News
OIM division E-Underwriting launches property owners product
The new division of OIM Underwriting, E-Underwriting, launched its property owners insurance product today on the Acturis platform.
Lack of cat activity leads to plentiful capacity in reinsurance market
Reinsurance capital continued to strengthen through the second quarter of 2012 as a result of limited exposure to catastrophe losses in the opening six months of the year.
BMS ups game in Australia with Aon Benfield hire
BMS has hired former Aon Benfield facultative broker Glenn Kerr to head up a push into Australia and the Asia-Pacific region.
'Unsettled' weather not over, RMS warns
The industry has been told to brace itself for further wet weather after a weekend of rain affected festivals and the Silverstone racing event in Northamptonshire.
Poor seat design puts two-thirds of car users at risk of whiplash
Hundreds of thousands of whiplash claims could be prevented each year with better head restraints and seats in UK cars, according to research conducted by Axa Personal Lines and motor research organisation Thatcham.
UK faces ongoing flood risk after wettest April to June on record
Further flooding affected the UK during the weekend of 6 and 7 July following outbreaks of exceptionally heavy rainfall.
Flash floods in Russia kill 170 and cause severe damage
At least 170 people were killed when flash floods hit the Krasnodar region of southern Russia on 6 July after excessive rainfall.
Brightside to pocket £70m premium in Asda affinity deal
Brightside's new affinity partnership deal with Asda Money is expected to bring in up to £70m in premium over the next 18 months.
RAC sells Ace travel product
RAC is to sell travel insurance in the UK after striking a deal with Ace Group.
BGL Group recruits five graduates
BGL has hired five new graduates in a bid to develop new marketing talent on its brands.
Miller completes double hire in US facultative property push
Miller has appointed former Arthur J. Gallagher property insurance expert James Venton, pictured, and former R K Harrison North American placement specialist Tom Morley.
"Devil in the detail" of pensions insurance scheme
Actuarial firm Barnett Waddingham has offered cautious support to proposals for an insurance scheme that would provide certainty for members of defined contribution pension schemes that they would get a guaranteed minimum pension at retirement.
Allianz consultant takes Assurant compliance role
Assurant Solutions has appointed John Miles as the newest member of its European compliance team.
Former Allianz consultant joins Assurant Solutions
Specialist insurance provider Assurant Solutions has appointed John Miles to its European compliance team.
More remuneration data could confuse customers, says Insurance Europe
Insurance Europe believes proposed European regulatory changes fail to ensure an equal level of consumer protection for all distribution channels of insurance products.
Canopius appoints new head of financial institutions
Lloyd's insurer Canopius has promoted Nick Kirk, pictured, to head of financial institutions with immediate effect.
Rural targets the south amid plans to double in size
Specialist agricultural insurer Rural Insurance has laid out plans to double in size within three years.
Fitch affirms Lloyd's A+ rating
Fitch Ratings has affirmed Lloyd's' insurer financial strength rating at 'A+', impressed with its ability to cope with the 2011 catastrophe losses.
Liberty Mutual targets Midlands push following key hire
Liberty Mutual Insurance has moved to bolster its Midlands presence by establishing new underwriting capacity.
HSBC sells European insurance units to run-off specialist
Banking Group HSBC has agreed to sell two European insurance units to Catalina Holdings.
Kennedys secures Scandinavian legal hub for insurance clients.
Specialist litigation and dispute resolution firm Kennedys is expanding in Scandinavia through an associate agreement with Denmark's Advokatfirmaet Erritzøe.
Brightside reveals Asda home and motor insurance win
Insurance broker Brightside has partnered with Asda to manage its Asda Money car and home insurance offering.
Lloyd's of London's rating confirmed at 'A+'
Lloyd's of London has had its insurer financial strength rating affirmed at 'A+' by Fitch.
HSBC sells Irish legacy businesses
HSBC Holdings has agreed to sell two Irish legacy businesses to Bermuda-based run-off specialist Catalina Holdings.