News
Partner Re obtains Singapore license
Reinsurer Partner Re has been granted a life and non-life license in Singapore by the Monetary Authority of Singapore.
Post Office creates 75 insurance jobs in Glasgow
Post Office Travel Insurance is to create 75 new jobs in Glasgow over the coming months with further jobs planned for later in the year.
Notable rate rises unlikely in 2015 despite hardening UK market
The soft UK insurance market has been tipped to harden in 2015, although there is still insufficient “pain” across the industry to spark material rate increases, according to sector commentators.
Environment agencies call for ‘immediate action’ with spate of flood warnings
The Environment Agency and the Scottish Environment Protection Agency have issued a dozen flood warnings across the UK as the country braces for further disruptive weather.
90% of 2013/14 winter flood and storm claimants satisfied with service
Nine out of ten customers that made a flood or storm claim last winter were satisfied with the way it was handled, according to a study by the General Insurance Market Research Association.
Legal services CEO quits Quindell
Quindell Legal Services CEO Phil Hodgkinson has left after almost two years with the troubled business.
Transactor launches MGA division
Software provider Transactor Global Solutions has established a division solely for managing general agents and underwriting agencies.
Ex-Gallagher colleagues launch e-trading MGA Modus
A new managing general agent set up by three former Arthur J Gallagher colleagues focused on e-trading has opened for business.
XL's £2.79bn Catlin takeover confirmed
XL Group's acquisition of Lloyd's heavyweight Catlin has been confirmed in a note to the London Stock Exchange valuing Catlin at £2.79bn.
Helios completes £1m Lloyd’s Nameco buy
Helios Underwriting has formally completed a deal to acquire a Lloyd’s limited liability vehicle, Nameco (No 311).
Towergate to shift Hexham roles to Newcastle after office closure
Towergate is to close its Hexham operation at the end of the month with the office's eight staff being offered roles at the company's Newcastle premises.
Insurers warned over SSL phoenix company as ex-staff hit out at former bosses
Former insurer clients of defunct loss adjusting firm SSL have been warned to avoid phoenix company Artemis amid criticism of the company directors’ business practices.
Howden acquires 49% stake in Malaysian bank's broking business
Hyperion broking subsidiary Howden has entered into a partnership with Malaysia-headquartered South East Asian bank CIMB Group.
Absolute hires ex-Axa COO Carruthers as non-exec chairman
Former Axa commercial lines and personal intermediary chief operating officer Max Carruthers has joined the board of private investigation firm Absolute Partnership as non-executive chairman.
Guy Carpenter boss predicts further shrinkage in reinsurance buying pool
The reinsurance buying pool is likely to continue its ten year reduction, according to Guy Carpenter EMEA operations CEO Nick Frankland, who has called for perspective in relation to falling renewal rates.
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.