News
Axa extends Tui travel insurance deal
Axa has extended its agreement with Tui UK and Ireland including underwriting travel policies in Ireland through the Falcon brand.
Tough motor market contributing to pet insurance interest in Gibraltar
Potential for profit-making, low market penetration and a diversification away from the tough motor market are key factors in "struggling" Gibraltarian insurers looking to enter the UK pet insurance arena, commentators have suggested.
Organ bullish on Bluefin's prospects following double exit
Bluefin CEO Rob Organ claims there is “no confusion” at the broker following the double exit of CEO Mike Bruce and executive chairman Stuart Reid last week.
Lochain Patrick looks to Alston Gayler for director hire
Lloyd's broker Lochain Patrick has appointed marine and energy specialist David Jackson as a director and producing broker.
AA index reports 3.6% household premium drop
The average combined quote for a combined home buildings and contents policy dropped by 3.6% in the first quarter of 2015, according to the AA British Insurance Premium Index.
ANV Holdings' founder Fairfield steps down
Matthew Fairfield has stepped down as CEO of ANV Holdings, the Dutch headquartered global specialty insurance group.
March moves from Aon to lead Skuld in Singapore
Nicholas March has left Aon to join marine insurer Skuld to head its Singapore office.
RMS releases Windstorm Niklas damage estimate
Catastrophe risk management firm RMS has estimated that the damage to insured property caused by Windstorm Niklas will stand between €750m (£538m) and €1.5b.
Cooper Gay's EBITDA increases 35%
Broking group Cooper Gay Swett & Crawford saw its EBITDA climb 35% to $65m (£43.7m) in 2014 compared to $42m in 2013.
Jacques moves from Canada to Australia with Ace
Lesley Jacques has been appointed head of accident and health for Australia and New Zealand at Ace.
New South Wales hit by powerful storm
Torrential rain and strong winds have disrupted New South Wales causing major flooding and damage.
EL rate hikes a consequence of 'disproportionate' Scottish asbestos plans
A proposal to make insurers liable for the medical costs of treating asbestos diseases in Scotland would not benefit victims north of the border and could instead serve to inflate employers’ liability premiums, according to legal experts.
Ingenie COO McKee to become CEO as King departs
Ingenie co-founder and CEO Richard King will step down in June following a transition process that will see chief operating officer Chris McKee take over the controls at the telematics firm.
Reinsurance pricing pressure to continue in 2015
Ratings agency AM Best is forecasting reinsurance pricing to remain under pressure in 2015 given continued pressure from alternative capital and the lack of a price-changing event in the past few years.
Ghost broker awaits sentencing for selling bogus insurance via fake company
A consultant is due to be sentenced for ghost broking after admitting selling bogus motor insurance to UK drivers through a fake company.
Bluefin Stockton branch manager takes role at NRG
Bluefin has confirmed its Stockton branch manager David Wilson has left the broker to take up a role with NRG Global Power.
Incoming Apil president to criticise fundamentally dishonest defence
Incoming Association of Personal Injury Lawyers president Jonathan Wheeler is to criticise the Criminal Justice and Courts Act's treatment of claimants considered to be fundamentally dishonest in his 23 April address at the Apil conference.
IUA to gauge how London Market is servicing global business
The International Underwriting Association has launched a new survey to assess how the London Market is servicing international business.
Ecclesiastical extends specialist underwriting to regional offices
Ecclesiastical is to extend underwriting of its heritage residential and property investors business to its regional offices in Manchester and Birmingham.
Thailand approves class action lawsuits
Thailand's National Legislative Assembly will allow class action legal proceedings for the first time from December.
Insurer and Christchurch City Council in earthquake dispute
The Christchurch City Council is in dispute with its insurer Civil Assurance over payouts from the devastating 2011 earthquake.
Shareholders approve £640m sale of Quindell's PS division
Quindell's shareholders have voted to approve the sale of its professional services division to Slater & Gordon for £640m.
Claims Club: Loss adjusting could not respond to a surge on 2007 scale warns Burke
Falling demand for ‘business as usual’ loss adjusting services has left the industry unable to service claims at the peak of a surge, according to Benedict Burke, deputy president of the Chartered Institute of Loss Adjusters.
Claims Club: Collaboration during catastrophes vital to protect industry reputation says Biba
Collaboration at times of surge remains a polarising topic, with the industry divided on the extent to which rivals should work in partnership during catastrophic events.