News
Financial and Legal leave ABI in protest against review
Financial and Legal has become the latest legal expense insurer to resign from the Association of British Insurers in protest against the trade body's support of the Jackson Review.
Professional negligence claims set to rise
Professional negligence claims are expected to rise before the year is out, according to law firm Browne Jacobson.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Insurance law change could mean cheaper access to space
On 4 July 2011, the licensing insurance requirements under the UK Outer Space Act 1986 have been reduced to €60 million from £100 million.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Professional indemnity insurance brokers set to open Leeds office
Prime Risk Solutions has announced plans to open an office in Leeds as part of a bid to expand the business in the north of the country.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Aviva reveals new commercial director
Aviva has confirmed that its UK chief risk officer has been lined up to take over the vacant commercial director role in November.
Guy Carpenter unveils hail model for Slovenia
Guy Carpenter has developed a hail model for Slovenia, providing the industry with a tool that allows insurers to quantify their exposure to the hail peril and to guide the structuring and pricing of reinsurance programmes.
Aviva considering Lloyd's market return
Aviva is undergoing a strategic review of its corporate business which will explore areas of expansion – including opening a trading area at Lloyd’s of London.
Jelf looks to Towergate for regional MD
Jelf Insurance Brokers has appointed Lee Davey to the position of regional managing director for the South West.
FSA bans two brokers for misconduct
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry.
Amlin adds to bloodstock underwriting team
Amlin has appointed Julian Lloyd, head of LMA’s livestock business panel, to its bloodstock underwriting team.
Broker and insurer profitability drops despite business volume growth
According to a new PwC/CBI report, general insurers reported their fastest growth in business volumes since March 2008 in the last quarter - however, the survey found costs have increased and profitability also decreased moderately.
Property Risks sets sights on expansion
Property Risks has set its sights on doubling its size in the next three years through geographical expansion and product development.
North West corporate insurance brokers to open London office
One of the leading independent corporate insurance brokers in the North West have announced plans to open a London office.
Zurich confirms CHF700m senior debt placement
Zurich has confirmed the successful placement of 700m Swiss Francs in senior debt.
Towergate "completes senior team" with appointment
Towergate Insurance has promoted Amanda Walton to the role of strategic projects & development director.
ABI approves fraud register and police unit
The Association of British Insurers has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.
UIB appoints international operational director
United Insurance Brokers has appointed an international operational director in a bid to improve coordination across the group’s global offices.
10% fall short of capital requirements under Solvency II stress test
One tenth of European insurers would fail Solvency II minimum capital requirements under the adverse stress scenario, according to the European Insurance and Occupational Pensions Authority.
Muir ups One Answer Network stake with Optimas share purchase
Paul Muir, managing director of One Answer Network, has purchased the 38.57% holding of Optimas Insurance Group, signalling the latter's exit from the UK insurance market.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.