News
Alvert appointed CEO for Mapfre Assistance
Pablo Alvert has been appointed CEO and regional director for Mapfre Assistance, the UK arm of Mapfre Asistencia.
Reinsurance rates in Asia Pacific rise at 1 April renewals
The major renewal date for the Asia Pacific region saw reinsurance rates increase as the market continued to work through the impact of the events of 2011, according to a briefing by Guy Carpenter.
Mapfre names Pablo Alvert as UK boss
Mapfre’s UK arm Mapfre Assistance has named Pablo Alvert as CEO and regional director.
Cooper Gay Australia promotes Calverley
Cooper Gay Australia has announced that Jon Calverley will take over from Peter Blunden as managing director with immediate effect, after Blunden "left to pursue other interests".
THB moves Colemont into its City home
THB has taken the first step towards integrating Colemont Insurance Brokers since both came under the ownership of Amwins by moving it to the THB Group's building opposite Lloyd's.
Jelf claims "positive start to the year"
Broker Jelf has issued a statement saying it "has enjoyed a positive start to the year" and continues to trade in line with expectations.
Guy Carpenter reports reinsurance rises
Research by Guy Carpenter shows reinsurance rates rose at the 1 April round of renewals as the market continues to work through the impact of the events of 2011.
AM Best downgrades Brit after QBE sale
Rating agency AM Best has downgraded the financial strength rating of Brit Insurance Limited to 'A- (Excellent)' from 'A (Excellent)' and the issuer credit rating to 'a-' from 'a' and placed the ratings under review with negative implications.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
Industry unveils older driver initiative as Direct Line follows LV's age limit stance
The decision by LV to scrap its age limit of 86 for new car insurance customers has struck a chord with industry bodies behind the launch of a new signposting model, yet market rivals appear largely unconvinced.
Police pay out, but insurers raise questions over BI cover and riot locations
Insurers are starting to receive payments from the police for losses incurred from last summer's riots, but one has called for improvement in the Riot (Damages) Act to cover business interruption losses.
Talks turn to Solvency II and IPO benefits as Project Noah claims wide support
The bosses behind the Project Noah flood solution believe proposals to establish a UK risk pool with £14bn of reinsurance capital could provide a crucial solvency boost for insurers with IPO ambitions.
Kidnapping now multi-billion dollar industry
Kidnaping for ransom has become a multi-billion dollar global phenomenon and is occurring more frequently in locations across the globe, according to a report by crisis assistance company, Red 24.
Simply Business says no to MBO
Simply Business will not undergo a management buyout despite QBE taking over trading relations from Brit.
Chartis underscores £50m investment as UK profit drops 89% to £11m
Nicolas Aubert, UK managing director for Chartis Europe, has stressed the business is “well on the way to break even”, as the UK today revealed an underwriting loss of £51.7m (2010: £65.3m) and combined ratio of 103.6% (2010: 104.2%) for the year ending…
Insurecom recruits new tech chief
Brighton based software house Insurecom has recruited Neil Brooks, pictured, as chief technical officer and David Templeman as chief financial officer.
OFT demands Competition Commission review of private healthcare provision
The OFT has referred the market for privately funded healthcare services in the UK to the Competition Commission for investigation.
Broking bosses widely supportive of QBE swoop for Brit
New Oval chief executive Peter Blanc has expressed his “delight” after hearing the news that Brit’s UK regional business has been snapped up by QBE, rather than falling into the hands of a domestic rival.
Brit CEO insists it will retain stake in Simply Business despite UK arm sale
Brit has insisted it plans to keep its shareholding in online intermediary Simply Business despite selling its regional retail business.
Fitch issues warning over Brit Insurance
Fitch Ratings has placed Brit Insurance Limited's insurer financial strength rating of 'A' on rating watch negative after the sale of its UK regional business to QBE.
Takaful Emerat launches manual labourers' heath product
Life and health provider Takaful Emerat has created a shariah-compliant corporate health plan for low income workers.
Brit UK acquisition to bolster QBE SME and property arms
QBE plans to use its acquisition of Brit’s UK operations to access the property and small to medium sized business markets.
Alan & Thomas buys Emery Little
Brokerbility member Poole-based Alan & Thomas Insurance Group has bought Salisbury and Eastbourne-based aviation broker Emery Little.
Major marine losses a cause of concern for underwriters
The number of substantial losses to the global marine fleet continued last year, with latest figures produced by the International Union of Marine Insurance reporting 591 ‘serious losses’ to date.