News
Magnitude 6.0 earthquake strikes northern Italy
An earthquake that struck the Emilia-Romagna region of northern Italy in the early hours of 20 May was the strongest in the country since the magnitude 6.3 L'Aquila quake in 2009.
RSA puts specialty into three divisions
RSA has reorganised its speciality businesses around the world into three key divisions to join up brokers and customers seeking global expertise and capacity.
Aon's Jones to chair Average Adjusters
Keith Jones has been elected chairman of the Association of Average Adjusters following its annual general meeting. He takes over from Paul Silver, pictured, of Richards Hogg Lindley.
McLoughlin returns to Sevitt as project director
Setanta Insurance's former Ireland general manager, Deirdre McLoughlin, has returned to Sevitt Group as project director.
Italy quake: Low level of insurance claims expected
The insurance industry has avoided significant losses from the 6.0 magnitude earthquake that hit northern Italy on Sunday morning due to low take-up of personal property cover in the area.
Merlin rejects administration claims
Merlin has "categorically" denied claims that the company is going into administration.
Young driver car insurance amounts to a fifth of salary
Young drivers can pay nearly 20 per cent of their annual salary in car insurance, according to Confused.com.
Insurers pay out £1m a week for metal theft
Incidents running at 1,000 a week, according to the Association of British Insurers.
Former Setanta boss McLoughlin joins Matthews at Sevitt
Deirdre McLoughlin, Setanta Insurance's former general manager in Ireland, has returned to the recently expanded Sevitt Group as project director.
MSI Management cites 'favourable business environment' following Dublin move
Mitsui Sumitomo service company MSI Management UK and Ireland is to open a Dublin headquarters to be the intermediary hub for regional underwriting business, underwritten by Syndicate 3210 at Lloyd's.
DAC Beachcroft teams up with Canadian law firm
DAC Beachcroft and Canadian law firm McCague Borlack have entered into a formal association working with international clients.
Kiln forecasts profits in non-aligned syndicates for 2010 and 2011 accounts
R J Kiln & Co has forecasted profits for its four non-aligned syndicates with catastrophe losses for the 2010 and 2011 years of accounts.
Towergate withdrawal leaves Cobra boss Stephen Burrows as only bidder for broker
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Departing migrant workers make EL claims as they leave, warns Allianz
Allianz UK boss Andrew Torrance has blamed east European construction workers returning home for a spike in employers' liability claims.
BIBA 2012: MGAs 'make sense', say insurers and brokers
Insurers, brokers and managing general agents believe that delegated authority "makes sense" if parties have the same interests, but some MGAs lack the skills to work effectively.
Mitsui Sumitomo at Lloyd's opens in Dublin and creates 30 jobs
MSI Management UK and Ireland, the new service company of Mitsui Sumitomo at Lloyd's, is opening a Dublin headquarters.
Commercial lines hurt Allianz's Q1 COR
Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.
BIBA 2012: Sterling extends executive business cover
Sterling has increased the cover limit on three executive business products.
Malaysian employers must insure foreign workers
Malaysia's government has promised to take a hard line on employers that flout rules on insuring foreign workers.
BIBA 2012 Video: Meerkats in hard hats and other pressing questions
Today at Biba we asked attendees about their reaction to commission disclosure, aggregation and technology.
BIBA 2012: Conference returns to London in 2013
The British Insurance Brokers' Association will return to London next year after its two-year residency in Manchester.
Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.