News
Zenith extends affinity relationship with Aviva to include pet
Markerstudy subsidiary Zenith has struck an affinity deal with Aviva that will see the insurer underwrite 50% of Zenith’s pet insurance business.
PRA publishes final rules for Solvency II implementation
The Prudential Regulation Authority has published its final rules for implementing the Solvency II directive alongside a consultation paper on the application process for the volatility adjustment.
MGAA launches talent development programme
The Managing General Agents' Association has launched an initiative to increase talent development in the sector.
Employers' liability MGA Concordia launches
Employers' liability managing general agent Concordia has launched facilitated by Ambant Underwriting Services.
Hiscox replaces Direct Asia MD Birch with COO Thaker
Online insurer Direct Asia Group co-founder and managing director Simon Birch has left the company a year after it was acquired by Hiscox.
Flood Re regulations laid before parliament
Flood Re's secondary legislation was yesterday (19 March) laid before parliament marking the completion of negotiations with government around the scheme.
Gallagher's Dalgarno next to join Towergate
Arthur J Gallagher International chief risk officer Sarah Dalgarno has been appointed to the same role at Towergate.
Steadfast invests in emerging risks SME underwriting agency
Australian broker Steadfast has joined forces with South African insurer Hollard Insurance to invest in an underwriting agency aimed at SME emerging risks.
Motor underwriting profit improves 153% in Singapore
Underwriting profit in the motor sector climbed to S$149.5m (£73m) in 2014 compared to S$59.1m in 2013.
Investment income spurs Ping An's profits
Ping An, Asia's second largest insurer, saw profits climb 39.5% in 2014 to 39bn yuan (£4.3bn).
Rigby replaces Harman as Crawford's European boss
Former GAB Robins CEO Kieran Rigby will lead Crawford and Company’s European operation in a move that results in the departure of Mark Harman from Crawford.
Axa confirms mid-market sector appetite with 10 target segments
Axa has revealed it is to target 10 mid-market segments as part of its ambitious five year growth plan.
Axa’s Blanc reveals five-year growth plan as insurer seeks 15% share of mid-market sector
Amanda Blanc, CEO of Axa Commercial Lines and Personal Intermediary, has revealed she has ambitious growth plans over the next five years and is targeting a combined operating ratio of 95% for the business.
Axa targets brokers with a £5m growth fund via its ‘Premier Partner' broker community
Axa has confirmed its commitment to regional brokers by launching a broking community called ‘Premier Partner' to provide core benefits to reward strong local business relationships.
NCB deadline extension may not be long enough, claims ABI
The Association of British Insurers has questioned whether the Competition and Markets Authority's no claims bonus extension is adequate and described its decision to maintain “rigid and generic” wording on NCB information as “a mistake”.
SRA investigates two uninsured firms
Two uninsured law firms that should have closed at the end of 2014 are being investigated by the Solicitors Regulation Authority.
PPO damages ruled out by judge on RSA split liability case
A High Court judge has ruled that a periodic payment order is not be an appropriate form of damages where there is a significant liability split.
CMA remedies a ‘mixed bag' for Biba
The British Insurance Brokers' Association has welcomed the Competition and Markets Authority's move to extend the protected no claims bonus remedy deadline while deeming the recommendations in the regulator's private motor investigation final order a …
Elite offering PII to MROs as Medco minimum cover requirement is set at £1m
Unrated insurer Elite Insurance has “leapt to the aid” of medical reporting organisations that want to be considered for the Medco portal by offering professional indemnity cover.
Under-35s urged to actively shape London market's future
Willis deputy CEO and London Market Group chair Steve Hearn has called on Lloyd's and London market employees under the age of 35 to play an active role in shaping the future of the sector.
Bayles outlines Aviva's three-pronged GI growth plan
Growth is on the agenda for Aviva's UK general insurance business in 2015 with partnerships and existing customers identified by chief sales and marketing officer Phil Bayles as two target areas.
La Playa plans California and Singapore offices
Cambridge-based specialist broker La Playa is planning to open offices in San Francisco and Singapore.
Ban on aggregator motor deals extended to smaller players
The Competition and Markets Authority has extended its upcoming ban on motor insurance aggregator deals to smaller aggregators.
Driverless cars commitment and reinsurance backing prominent in 2015 Budget
Chancellor of the Exchequer George Osborne has pledged £100m to the development of driverless cars in a bid to make the UK "a centre of excellence" for the technology.