News
Towergate bolsters Midlands management
Towergate has announced three management appointments to its Midlands broking team.
Ten jobs to go as Aviva withdraws engineering presence in Southend
Aviva's corporate and speciality risk business is to expand the scope of its engineering division to include construction and power.
Lloyd's set out Vision 2025 to make London global insurance hub
Lloyd's has set out plans to become the major global hub for specialist insurance and reinsurance.
Solvency II not just about capital requirements, says Bernardino
Solvency II should be seen as more than a "check the box" regulatory exercise that determines capital requirements, according to Eiopa president Gabriel Bernardino.
EC could force mandatory commission disclosure, warns Biba
The British Insurance Brokers' Association has said that the revision of the Insurance Mediation Directive could result in mandatory disclosure of commission for the insurance industry by 2019 along with an increase in the regulatory cost burden.
CPI boss Cramer-Todd takes over as executive director
Claimspro International has appointed former technical director Tim Cramer-Todd as executive director.
Japan's government considers insurance for Iran crude tankers
Japan's government may insure tankers unable to get cover for shipments of Iranian oil due to European Union sanctions, according to the International Oil Daily.
Aim Group moves to Broadstone Mill
North of England legal expenses provider and claims management firm Aim Group has moved to new premises at Stockport's landmark Broadstone Mill.
CFC further bolsters professional risks team with Walker appointment
CFC is back on the recruitment trail following the appointment of former Sydney-based CGU professional risks team leader Andrew Walker.
Jelf’s Carter move signals stepping up a gear on key insurer relations
Jelf Insurance Brokers has added Duncan Carter, pictured, to its insurance markets team as markets director in what it says signals a move to be more proactive with key insurers.
Taiwan regulator lambasts fickleness of foreign insurers
Taiwan's Financial Supervisory Commission has criticised foreign insurers for exiting the market at the first sign of trouble, and urged them to honour their commitments in Taiwan.
EU to force broker commission disclosure
The British Insurance Brokers' Association is warning that Europe could force mandatory commission disclosure on brokers by 2019.
Whittington to be known as 'Asta' following MBO
Whittington UK has signalled the completion of its management-led acquisition by announcing the rebranding of the firm, which will now be known as Asta.
Catlin posts Q1 GWP of $1.6bn
Catlin Group reported a 12% increase in gross written premiums to $1.6bn in the first quarter.
London must alter loss of hire wordings
The London insurance market needs to address shortcomings in standard loss of hire wordings if it is to be a 'go-to’ market for this important type of marine business, the chairman of the Association of Average Adjusters has warned.
Axa UK and Ireland GWP grows 9%
Axa has reported that its UK and Ireland general insurance business saw gross written premium rise 9% to €996m (£800m) (2011: €916m).
HSBC rumoured to be considering exit from Indian JV
Rumours in the market suggest that banking giant HSBC may exit its Indian insurance venture.
Catlin GWP up 12% as rates rise across portfolio
Catlin has announced a 12% rise in gross written premium in the first quarter to $1,642m (Q1 2011: $1,465m).
Post Blog: Does insurance have to be so complicated?
The complexity of the insurance sector is making it difficult to engage with consumers. Philip Davies, EMEA president of Siegel and Gale, explains.
Allianz hunts P&C acquisition targets
German insurer Allianz is considering property and casualty acquisitions, having a better grasp of future capital requirements for the business under Solvency II, according to reports.
IRDA will pave way for Lloyd's to enter India
India's government is planning to push through the insurance reforms bill that is set to retain the foreign direct investment cap in the sector at 26%, but will allow "modifications" to enable Lloyd's of London to enter the Indian market.
Markel makes senior appointment to cargo team
Markel International has appointed Richard Burnett as senior underwriter for cargo, part of the company's marine and energy division.
Markel CEO points to acquistion activity in Q1 results report
Markel bosses are celebrating an "all time high" on the firm's book values per share following a first quarter which produced a combined ratio improvement of 12% on Q1 2011 to 100%.
July reinsurance rate increases likely to be muted
Price increases in the July reinsurance renewal period are likely to be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, according to Fitch.