News
Swinton moves low-value commercial business into High St branches
Swinton has announced plans to merge low-value commercial business with personal books in retail branches.
Working group touted to tackle Gibraltar VAT loophole frustration
Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
Companies must pay more for certainty says Airmic's Hurrell
Companies should be willing to pay a higher premium for contract certainty when it comes to business critical insurance products, according to Association of Insurance and Risk Managers' CEO John Hurrell.
Peter Fice and Mark Winslade head to Aviva
Aviva has hired industry veterans Peter Fice and Mark Winslade to bolster its corporate and speciality risk team.
Calera Capital swoops for majority stake in RFIB
US-based private equity house Calera Capital has bought a majority share in RFIB Holdings, the international Lloyd's specialty insurance and reinsurance broker.
Gable reports 2014 pre-tax loss of £5.4m
Liechtenstein-based insurer Gable Holdings has reported record gross written premiums of £80m (2013: £58.9m) for the year ended 31 December 2014 against a pre-tax loss of £5.4m.
Generali in exclusive talks to buy My Drive Solutions
Generali group CEO Mario Greco is seeking a "new business model" as the Italian insurer opens exclusive talks to buy UK-based telematics provider My Drive Solutions.
Taiwan life insurer buys Madame Tussauds' building
Taiwan-based Fubon Life has bought the building which houses iconic London attraction Madame Tussauds for £348.8m.
Am Trust Europe acquires Composite Holdings
Am Trust Europe has acquired Cardiff-based Composite Holdings; a business it had provided underwriting capacity for over the past four years.
ABI reminds government to consider flood risks for new homes
The Association of British Insurers has urged the government to consider flood risks when delivering promised new housing.
National Windscreens seals Ageas deal
National Windscreens has been named the sole supplier for all repair and replacement jobs booked through Ageas customers.
AIG gives London market platform £6.5m capacity boost
AIG has increased the capacity available through its London market platform by $10m (£6.5m) across all financial lines and casualty products and for the exclusive use of the international wholesale market.
JLT appoints group finance director
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Chinese firms top reputation survey
China-based companies have taken the top two spots in Millward Brown’s annual Brandz survey to find the top rated insurers.
Zurich's CEO joins $12trn investors to urge G7 climate pledges
Martin Senn, Zurich's global CEO, has signed a letter with some of the world's leading investors calling for urgent action on climate change.
Tokio Marine Kiln appoints political risks underwriter in Singapore
Edmund Lee has joined Tokio Marine Kiln as a trade and political risks underwriter in Singapore.
Updated: Gallagher at risk of FCA penalty from s166 review
Arthur J Gallagher says it cannot rule out the possibility of being fined or penalised by the Financial Conduct Authority after a quarterly statement from the company revealed the regulator had called for a skilled person's review of parts of the broker…
Insurance quiz of the week - 22 May 2015
Insurance supremo, or need to swat up?
Aon highlights increased European terrorism threat
Aon has identified nine developed economies as being at an increased risk of terrorism, including seven from Europe.
Equinox Global appoints King as head of UK and Ireland
Lloyd's coverholder Equinox Global, which specialises in trade credit insurance, has appointed Nick King as head of UK and Ireland.
Hill Dickinson appointed CHO associate member
Hill Dickinson has joined the Credit Hire Organisation as an associate member with fraud head Peter Oakes coming on board the CHO's executive committee to advise on counter fraud strategies.
Regulatory spotlight leads to IUA delegated authority group
A London company market committee run by the International Underwriting Association is being established to discuss delegated underwriting authorities.
R&Q to buy IC Insurance for £17m
Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.
Brit plans to delist on 23 June
Brit has written to the UK Listing Authority and London Stock Exchange for its shares to be delisted.