News
Cost of countryside crime up 5% in 2013
Levels of rural crime increased last year according to figures from NFU Mutual, which estimated the total cost rising 5% to £44.5m.
Leeds broker pays Gallagher over contract breach allegations
Hale Kavanagh Insurance Brokers has paid compensation to Arthur J Gallagher following allegations of contract breaches over the past 12 months.
Cypriot insurers still suffering following bank bail-outs
The Cypriot insurance market has failed to rebound following the financial crisis despite the bail-out of both of the country’s major banks, according to a report published by Axco Insurance Information Services.
Aon launches simplified Solvency II calculation tool
Aon’s risk management business has developed a new tool to simplify the calculation of capital totals under Solvency II.
Norfolk businessman found guilty of intent to defraud Allianz of £2m
A business owner has been found guilty of burning down his Norfolk bathroom and kitchen showroom two years ago in an attempt to claim more than £2m from Allianz.
Questgates creates two roles in restructure
Questgates has restructured its non-motor counter fraud division creating two management roles.
Charles Taylor's Linton takes on Lloyd's and London remit at Capita
Capita Insurance Services has appointed Charles Taylor Insurance Services’ Shaun Linton as business development manager.
NOAA raises likelihood of ‘below average’ hurricane season
The prospects of a below average Atlantic hurricane season have been increased in the latest forecasts from the US National Oceanic and Atmospheric Administration.
Zurich expands disaster recovery to all UK SME customers
Zurich has expanded its offering of disaster recovery services beyond the mid-market corporate sector to include all UK SME clients.
UK General inks Policyfast caravan deal
Specialist insurer UK General has agreed a sixth caravan owners’ scheme, through a deal with wholesale underwriting agency Policyfast.
Gable partners with Berkshire in reinsurance deal
Liechtenstein-based insurer Gable has completed a deal that will see Berkshire Hathaway-owned Gen Re become a reinsurance partner.
Zurich appoints Smith as Malaysia CEO
Zurich has appointed Philip Smith to the position of chief executive of Zurich Insurance Malaysia.
Typhoon Halong kills 10 and brings unprecedented rain to Japan
Super Typhoon Halong slammed into Japan over the weekend causing havoc.
Allianz recovers from weather dent as it hails 46th quarter of profitable growth
Allianz Insurance chief executive officer Jon Dye said the firm was ‘very close’ to where it hoped to be at the half-year stage, after it reported its 46th consecutive quarter of profitable growth.
IFB assists on 1000 fraud arrests
Police have this morning made the 1000th arrest as a result of result of information and support provided by the Insurance Fraud Bureau.
Whiplash medical fee cap ‘credit positive’ says Moody’s
Plans to limit the cost of medical reports are credit positive for UK motor insurers according to rating agency Moody’s, in spite of the expectation that such moves will also further lower premiums.
Allianz H1 profits down £20m on weather losses
Allianz has notched dipping pre-tax profits for the first half of 2014 as it seeks to recover from severe weather losses in Q1.
Global insurance law alliance Insuralex unveils Connelly as new president
Insuralex, the global insurance lawyers group, has elected Michael Connelly, a partner of Connelly Baker Wotring, as president.
Video: Allianz Commercial general manager Simon McGinn (Part Two)
In the second of two videos Allianz Commercial general manager, Simon McGinn discusses how his business plans to connect with brokers to help it achieve its objectives, and what concerns he has over renewed levels of consolidation among intermediaries.
Markel underwriting results hit by 'unfavourable' asbestos and environmental developments
Markel has reported H1 performance hit by $27.2m (£16.2m) of adverse development on asbestos and environmental exposures
Catlin's profits climb 118% in first half
Catlin recorded profit before tax of $318m in the first half of 2014.
Quindell update fails to halt tumbling share price
Quindell's share price has fallen by almost 25% over four days of trading, in spite of optimistic trading updates issued by the firm.
Hughes’ Murphy joins Apricot
Northern Irish broker Apricot has recruited Elaine Murphy from Hughes to serve as Belfast branch manager.
Zurich UK off-sets £35m Q1 flood losses as attritional loss ratio improves
Zurich UK general insurance interim chief executive Dave Smith has heralded an improved attritional loss ratio as an instrument of off-setting £60m of flood losses and long-tail liability costs incurred in the first half of the year.