News
Partner Re Wholesale planning to double MGA partners in 2015
Partner Re Wholesale has outlined its plan to double the number of managing general agents it partners with to 20 this year.
Japan snowstorms were largest insured loss in 2014
Japan's snowstorms last February cost insurers $3.1bn (£2.05bn) which was the largest amount claimed for a natural catastrophe in 2014.
Charles Taylor expands claims service to companies market
Energy and marine underwriter Berkley Offshore has become the first non-Lloyd's business to sign up for Charles Taylor's elective claims service.
Chase Templeton acquires broker Best Health
Private medical insurer Chase Templeton has purchased Britsol-based broker Best Heath.
Lloyd’s names Godwin head of claims
Lloyd’s of London has appointed senior claims manager Philip Godwin as its new head of claims, effective immediately.
Acappella Holdings CEO confident of attracting' top talent'
Acappella Holdings CEO Jason Howard has said the platform’s combination of expertise and youth will allow it to attract "top underwriting talent".
Chase Templeton buys Best Health Business
Acquisitive medical insurer Chase Templeton has completed a deal to buy Bristol-based intermediary Best Health Business.
AIG's European CFO exits
AIG’s chief financial officer for EMEA Tom Colraine has retired after seven years with the company.
Howden strikes HNW deal with De Vere Group
Independent financial advisory firm De Vere Group has teamed up with Hyperion subsidiary Howden in a deal that will see the broking business offer high net worth coverage to DeVere’s global clients.
IUA boss Matcham welcomes TRIA renewal agreement
The International Underwriting Association has heralded the decision in the US to renew the Terrorism Risk Insurance Act as a means of reducing economic uncertainty.
Korean Re to establish Lloyd's subsidiary
Top 10 reinsurer Korean Re aims to start a £10m joint venture unit in London by the end of the year.
60% of Asia-Pacific banks offer home insurance
Independent research shows life insurance is most popular bancasurrance product in Asia-Pacific across 17 countries.
Ace's Allan replaces Tait as Crawford's Singapore manager
Loss adjuster Crawford has hired Martin Allan, Ace's former regional head of personal claims, as general manager Singapore.
UK insurance industry need not fear EU exit, says City minister
The UK’s insurance industry has little to fear from a potential European Union exit, according to economic secretary to the treasury Andrea Leadsom MP, who has also called for more evidence from the London market on its challenges.
CMA publishes draft order from motor market report
The Competition and Markets Authority is consulting on a draft order explaining how changes resulting from its investigation into the private motor insurance market will be introduced.
Aon UK awaiting approval for new CRO
Aon UK is awaiting regulatory approval for a new chief risk officer following the depature of Carol Richmond after more than five years leading the function.
100mph+ winds forecast to batter Scotland
Winds of more than 100mph have been forecast for Scotland later this week, with the Western Isles, Orkney and the north and north-west of the country set to bear the brunt of the weather.
European insurers expected to continue bolt-on acquisitions in 2015
Dividends and capital returns are likely to remain the hot topic for the insurance industry over the next twelve months, according analysts at German investment bank Berenberg.
R&Q completes Norwegian portfolio transfer
Randall & Quilter has completed a portfolio transfer from Norway-domiciled captive Aker Insurance to R&Q's EU run-off consolidator in Malta.
NIHL claims down by 10% for 2014
Claims for noise induced hearing loss are set to drop to £361m for 2014 for the UK’s most exposed insurers, down marginally from a 2013 equivalent of £402m, according to an investor report.
Quinn sees legacy liabilities portfolio pass to Catalina
Catalina Holdings has reached an agreement with Quinn Insurance for the portfolio transfer of legacy insurance liabilities.
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Toscafund boosts shares in Quindell north of 5%
Hedge fund Toscafund has boosted its stake in beleaguered outsourcer Quindell to 5.4% of the share capital after purchasing an additional 1.9 million shares in the firm.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.