News
Cliff steps into the breach as CEO Wallin leaves Brightside
Brightside CEO Andrew Wallin has stepped down from his position with immediate effect, the broker has confirmed.
SSP research finds 64% of brokers expecting GWP growth
Nearly two thirds of UK insurance brokers (64%) expect to grow in the next 12 months, with more than one quarter (28%) expecting to grow their gross written premium by more than 10%, according to SSP research.
Shipowners' Club agrees delegated authority arrangement with Swedish underwriter
The Shipowners' Club has entered into a strategic partnership with Swedish marine underwriting agency Svensk Assurans to offer a P&I product through a delegated underwriting agreement.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Ecclesiastical swoops for Covéa's former real estate head
Ecclesiastical has appointed Chris Withers as property investors development manager.
Kennedys warns government over Medco ‘gaming’
The Medco portal system of commissioning medical reports needs to be transparent and uncomplicated, and eliminate any incentives that encourage those acting for claimants to ‘game’ the process, international law firm Kennedys has told the government.
Student tech targeted by thieves but 50% have no insurance cover
Over one in 20 students (6%) has fallen victim to theft since 2014, with mobile phones topping the list of stolen items, the Chartered Insurance Institute reports today (14 September), noting that more than half of students (54%) have no insurance for…
Canopius and Sompo to launch merged reinsurance unit via Lloyd's and Zurich platforms
Canopius Group has formed an integrated business unit to manage the reinsurance business previously written by Canopius and Sompo Japan Nipponkoa Insurance.
Lloyd's insurer Torus renamed Starstone
Insurer Torus has changed its name to Starstone alongside changing its logo and branding.
Burke praises 'outstanding' Lloyd as he leaves JLT Specialty CEO role
John Lloyd will step down as CEO of JLT Specialty at the end of the year to complete 16 months in charge.
European run-off market to be worth £181bn this year
The non-life European legacy insurance market is estimated to reach run-off reserves worth €247bn (£181bn) this year, an increase of €5bn compared to 2014, according to PWC.
Claims Awards Asia 2015: the winners
The winners of the Claims Awards Asia 2015 were announced on 10 September at the Regent Hotel, Singapore.
PWC tips global cyber market to reach $5bn by 2018
The global cyber insurance market could grow to $5bn (£3.2bn) in annual premiums by 2018 and at least $7.5bn by the end of the decade, according to a PWC report.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
Firms vulnerable to takeover by avoiding M&A wave, claims PWC
Insurance industry companies that do not participate in the current wave of merger and acquisition activity are exposing themselves to takeover, according to PWC research.
Rehabilitation First Awards 2015: The winners
Rehabilitation professionals gathered today (11 September) for the 11th Anniversary of the Rehabilitation First Awards at the Royal Garden Hotel in Kensington, London.
Police to investigate RSA's missing storage device
RSA is working with police to investigate a storage device containing customer information that is missing and has been reported as stolen.
Bermuda's ILS Capital Management opens London office
ILS Capital Management, the Bermuda-based investment manager in insurance-linked securities and collateralised reinsurance, has opened an office in London.
Highbridge takes majority stake in Price Forbes
Towergate investor Highbridge Principal Strategies is to take a majority stake in Lloyd's broker Price Forbes.
Motorcycle claims management firm BLD Group enters administration
Motorcycle claims management provider Bikers Legal Defence entered into administration on 9 September with BDO appointed to handle the process.
Unipol launches Dublin-based reinsurer
A reinsurer targeting property and casualty business in continental Europe has been launched in Dublin, Ireland, by Italy-based Unipol Sai Assicurazioni in order to capitalise on the rewards for diversification under Solvency II.
Benign claims period leads to Skuld's £5.8m six-month result
Marine insurer Skuld has reported a $9m (£5.8m) half-year result and a combined operating ratio of 95%.
Fraudster handed seven-year sentence after faking death to claim life insurance
A fraudster has been sentenced to seven years in jail after faking a woman’s death to claim nearly £1.7m in life insurance.
Too early to predict redundancies or rebrand following Jelf deal says Weil
Marsh UK and Ireland CEO Mark Weil says it is too early to know what staff changes or rebranding will take place following the global broker's acquisition of Jelf, announced yesterday (10 September).