News
Axa and RSA confident unsigned contracts for driverless cars will not hold up trials
Insurers involved in the upcoming driverless cars road trials have dismissed the significance of delays in the signing of contracts, after the government “unexpectedly” pledged to invest £100m in the technology.
PRA publishes ‘milestone' paper on managers' oversight
The Prudential Regulation Authority has published the scope of its senior managers regime for Solvency II insurers with guidelines on how the regime will apply to non-executive directors to be published later in the year.
Saga seals Biba membership
Saga has signed up to be a member of the British Insurance Brokers' Association.
Allianz and Irwin Mitchell launch ATE product for negligence claims
Allianz has launched an after-the-event insurance product in partnership with law firm Irwin Mitchell to facilitate professional negligence claims against solicitors.
Insurers still have much to do ahead of Solvency II deadline, warn EY and Silverfinch
A survey of asset managers has found that only around 10% of their insurance assets have been in contact to discuss Solvency II issues.
LSM hires claims manager for France
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Serge Davidoux to the position of claims manager for France.
CPP continues CEO search five weeks after Escott resignation
Credit card insurer CPP is yet to have identified a suitable replacement for Brent Escott more than a month after the former CEO resigned from the firm.
Great American to establish Asia hub
Great American Insurance is to open an office in Singapore this summer after gaining preliminary approval from the Monetary Authority of Singapore.
Government reveals plan to make London cyber capital
The UK government today (23 March) unveiled plans to make the London market the cyber risk management capital of the world in a report released in conjunction with broker Marsh.
BLM and Cunningham Lindsey launch joint claims handling brand
Law firm BLM has teamed up with loss adjuster Cunningham Lindsey to launch a streamlined service that combines loss adjusting, claims handling and litigation.
Advantage and Argo Global sign binding agreement
Jersey-based Advantage Underwriting has signed a binding agreement with Argo Global to expand its capacity and underwriting proposition.
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.