News
Saga lowers float price range
Saga has narrowed the price at which it will sell shares in an upcoming London Stock Exchange floatation, moving towards the lower end of the range.
Amlin sees UK GWP slide for Q1
Amlin has recorded drooping gross written premiums for its UK market business in the first quarter of 2012, while the insurer notched improved figures at a group level.
66 insurer CEOs commit to Geneva Association Climate Risk Statement
66 chief executives of the world’s leading insurers and reinsurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement.
Gallagher subsidiary to become captive giant following HIM deal
Artex Risk Solutions has tied up its first acquisition outside of North America in the form of the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
RSA ‘absolutely’ committed to UK motor despite axing 800 brokers
RSA has reaffirmed its commitment to the UK motor market in spite of its decision to sever ties with personal lines brokers where portfolios are dominated by the troubled business class.
Gill to lead Allianz's 'refreshed' Newcastle branch
Allianz Commercial has appointed former northern regional underwriting manager Mike Gill to head up its Newcastle office.
RSA cutting more than a third of personal motor brokers
RSA is to reduce the number of personal motor broker relationships by 35%, axing partnerships primarily led by motor cover.
Marsh appoints Bramall to head national corporate practice
Marsh has appointed David Bramall as head of placement within its national corporate practice.
Cyber fears top SME risk index
Small to medium sized businesses believe they are facing more risk than at any time since the first quarter of 2013, according to Zurich’s SME risk index.
Pool Re recruits Sir Brian Bender as NED
Sir Brian Bender has joined terrorism reinsurer Pool Re as a non-executive director.
Schemes growth targeted by One Broker following latest purchase
One Broker has set its sights bolstering its presence in the schemes arena following the acquisition of Cambridge-based N W Brown Insurance Brokers.
BMS sells £30m minority stake to PE investor
BMS Associates has sold a £30m ($50.7m) minority stake to private equity investor Capital Z in a bid to support expansion of both Lloyd's broker BMS and underwriting agency Pioneer.
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
Insurers predict Riot Act rethink after Sony fire ruling in industry’s favour
Parliament ‘almost certain to change the law’ regarding consequential losses
Rivals set to swoop for Broker Network members as hunt for new CEO begins
Network-jumping between rivals tipped to increase as competition hots up
Homeserve UK profits half in three years
Homeserve has seen its UK profits slump to £53.4m, just over half of its equivalent figure of £104.3m in 2011.
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy
India government eyes foreign investment increase
The new government of India wants the long-mooted change to the foreign direct investment cap back on the political agenda.
Fall in general insurance complaints to FOS linked to FCA investigations
Motor remains most-complained-about class of business
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Cunningham Lindsey hires Scott for global broker role
Chris Scott has been appointed Cunningham Lindsey global specialty markets development director.
ABI strikes back at claims of government deal over Mesothelioma Act
The Association of British Insurers has hit back at claims it entered into a deal with government over changes to the Mesothelioma Act saying the debate is dominated by the vested interests of claimant solicitors.
Lexis Nexis buys telematics provider Wunelli
Lexis Nexis has acquired telematics provider Wunelli, a deal that will result in one of the largest provider-held insurance telematics databases in the world.
Sony warehouse fire consequential losses verdict overturned
The Court of Appeal today ruled that section 2 of the Riot (Damages) Act does allow recovery for consequential losses, overturning an earlier ruling.