News
Hiscox buys two MGAs from Randall & Quilter
Hiscox has bought two London-based managing general agents R&Q Marine Services and Synergy Insurance from Randall & Quilter Investment Holdings.
RGA introduces COO role for Asia
Global health and life reinsurer the Reinsurance Group of America has made several senior management changes in Asia.
Australian farmer claims A$944,000 for crop failure
The first payout for multi-peril crop insurance in Australia is A$944,000 (£504,000) to a Queensland farmer.
Cigna moves into New Zealand over fifties travel market
Cigna New Zealand has unveiled its first own branded online travel insurance product aimed at the mature traveller.
Underwriting Agencies Council launches expo in New Zealand
The Underwriting Agencies Council, based in Sydney, will host its inaugural expo in New Zealand on 16 February at Auckland.
SMEs vulnerable to fines by skimping on insurance cover
More than 200,000 UK SMEs do not have insurance cover in place, according to research from LV Broker.
Reputation, cyber crime fears surge in AGCS risk survey
Rising concerns over loss of reputation and instances of cyber crime have dominated the UK results of Allianz Global Corporate & Specialty’s most recent risk barometer survey.
Insurers' investment incomes at risk from Eurozone deflation
UK general insurers' investment incomes are in danger of being impacted by current Eurozone deflation that could hamper firms' overall results, according to industry experts.
Evidence for reinsurance reforms expected to centre around regulation and tax
The cost of regulation, tax and immigration are the themes expected to come under the microscope following a plea for evidence on potential reinsurance reforms by City minister Andrea Leadsom MP.
Hastings-Bass joins BMS Group board
Novae non-executive chairman John Hastings-Bass is to join BMS Group as non-executive chairman and director.
Premium Credit snapped up by Cinven for £462m
European private equity firm Cinven is to acquire UK finance provider Premium Credit for £462m.
Birch appointed MD of Bishop Skinner Marine
Bishop Skinner Marine, the Bluefin subsidiary specialising in yacht and pleasure craft insurance, has appointed Paul Birch as its managing director.
Counter-Terrorism Bill to be debated in the House of Lords
The House of Lords will be given the opportunity to debate the controversial new Counter-Terrorism and Security Bill, which includes a ban on insurers covering ransom payments.
First phase of government telematics review to report in April
The first phase of the government’s review into the potential of telematics to improve safety for young drivers will be delivered in April, according to the Minister of State for the Department for Transport Baroness Kramer.
AIG appoints chief financial officer in Singapore
AIG has promoted Monique Stip to chief financial officer of its Singapore operations.
'Australia's softest market in living memory' says Zurich's Spencer
Stuart Spencer, Zurich's Asia-Pacific CEO, says it is the softest insurance market in Australia in living memory.
Malaysia flood damage to cost $560m
The December Malaysia flood damage will cost the Malaysia government $560m (£371m) in repairs.
CMA draft order obligations criticised for duplicating existing regulation
Industry players are fearful draft Competition and Markets Authority motor insurance obligations conflict with existing conduct regulation amid concerns the watchdog is not giving firms enough time to implement its suggested reforms.
Insurance trade bodies to meet with regulators on CMA draft orders
The British Insurance Brokers' Association and the Association of British Insurers are to meet with the Financial Conduct Authority and the Competition and Markets Authority in the coming weeks to ensure obligations from the CMA private motor…
ERS swoops for Rees to head underwriting fraud
ERS has appointed Linda Rees as underwriting fraud head as it looks to expand its anti-fraud measures.
Flight recorders for crashed Air Asia jet located
Hopes of establishing the cause of the fatal Air Asia Flight QZ8501 crash have risen after both flight recorders were located by Indonesian divers.
Former Carole Nash MD Keeling to chair Principal Insurance
Principal Insurance has appointed former Carole Nash managing director Damian Keeling as its chairman.
Bluefin hires Henderson's commercial director to build Leeds presence
Bluefin has appointed Greg Markham as sales director in its Leeds office.
CNA regions boss Somers joins AIG as head of sales in the north
AIG has named CNA Insurance head of UK regions Phil Somers as head of sales for the north.