News
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.
Kerry London MD Pay exits
Broker Kerry London has confirmed that managing director Nick Pay has left the business after just over a year as managing director.
Thames Underwriting moves business onto Applied software
Thames Underwriting has chosen Applied Systems technology to move its business processes onto one management system.
Axa launches new online PI facility for SMEs
Axa extends its growth into professional indemnity market with new online product launch
Ecclesiastical appoints Brown to new church and heritage role
Heritage specialist Ecclesiastical has appointed Andrew Brown into a newly created role of church and heritage claims director.
Quindell sees share price rise 15.6% after 'major' Canadian deal
Business outsourcing firm Quindell has seen its share price rise 15.6% on the back of a new five-year deal with a ‘major Canadian insurer’.
CII stresses importance of professional development in China
Mark Greenwood, regional director Asia-Pacific at the Chartered Insurance Institute, urged delegates at the Claims Club Asia in Shanghai to embrace professional development.
Cyclone Hudhud could trigger $400m of insured property claims, says AIR
Catastrophe modeler AIR Worldwide expects the deadly cyclone which hit East India on 12 October to cost between $100m and $400m of insured property claims.
Canopius appoints engineering underwriter in Singapore
Specialty (re)insurer Canopius has recruited SART Underwriting's Ching Hong Onn following the extension of Lloyd's Construction Consortium to Singapore.
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Mutual insurers welcome potential funding and M&A boost from new Bill
Bill could mean mutuals get level playing field with shareholder-based insurers
Towergate tipped to sell off parts of the business in wake of Hodges resignation
Change programme and debt are consolidator’s main challenges after departure
Insurers need to replicate Amazon model to attract young customers
Insurers need to think and act more like Amazon if they are going to engage with a new generation of connected customers.
BP Marsh admits Besso exit plan
BP Marsh CEO Brian Marsh has told Post the firm expects to exit its investment in Besso as the Lloyd’s broker seeks to continue its growth.
Insurers among secondary beneficiaries as Internet of Things takes hold
Insurance companies are likely to be among the secondary beneficiaries as the Internet of Things becomes more ubiquitous.
DAS suspends CEO in supplier investigation
DAS has suspended its CEO Paul Asplin after concerns were raised about a relationship between the legal expenses insurer and a supplier, as first revealed by Insurance Age.
BP Marsh increases pre-tax profit to £1.7m for H1
Niche venture capital provider B.P. Marsh & Partners, posted unaudited profit after tax of £1.7m for the six months to 31 July 2014.
Compliance deemed top challenge for multinationals, finds Ace survey
Risk managers surveyed by Ace have highlighted compliance and regulatory issues as their greatest challenges in managing multinational insurance programmes.
Compass hires Bennett for sales role
Compass Broker Services has appointed Scott Bennett as UK sales director.
D&O policies outside scope of FOS rules judge
A high court judge has delivered a boost to insurers by ruling that the Financial Ombudsman Services’ jurisdiction should not be extended to complaints from D&O insureds.
Wheatley appointed CEO of Guernsey Finance
Dominic Wheatley, formerly at Willis, to replace outgoing CEO Fiona Le Poidevin on 1 December.
Driverless cars could be mandatory within two generations predicts Teradata chief
Autonomous cars will be the norm within two generations according to experts speaking at the Teradata Partners conference.
Ecclesiastical promotes Saunders to commercial director
Ecclesiastical has looked internally to find a new commercial director, promoting corporate business and London regional director Adrian Saunders.
QBE announces multiple appointments as it unveils UK and Ireland business restructure
QBE European Operations has restructured its UK and Ireland business into three segments: corporate and large commercial, middle market and SME.