News
BP Marsh eyes start-up opportunities
The current tough environment for brokers could create significant investment opportunities for venture capital firms, according to BP Marsh chairman Brian Marsh.
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
Commercial lines hires to boost regional trading at Covéa
Covéa has unveiled six senior commercial lines appointments in a bid to bolster the firm’s regional trading capability.
Liberty looks to Willis for fine art role
Liberty Specialty Markets has appointed Ross Drabble as deputy class underwriter for fine art and specie.
Former Aviva boss Moss resurfaces at Parker Fitzgerald
Former Aviva chief executive Andrew Moss has been named chairman of the advisory board at professional services firm Parker Fitzgerald.
A-Plan's PE owners planning sale, states report
Retail broker A-Plan is gearing up for a £300m sale, according to Sky News.
Queensland to spend A$51m on disaster mitigation
Insurance Council of Australia welcomes Australian state's spending on disaster mitigation but criticises stamp duty policy.
Broker estimates potential aquaculture insurance premiums at $3bn
A senior broker estimates the fish farming or aquaculture insurance market could be worth as much as half of the $6bn Chinese agriculture insurance market.
Warning over ride-sharing in Australia
The Insurance Council of Australia is urging Australians to be aware of the potential impact car ride-sharing services might have on their motor vehicle insurance.
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.
FCA sharpens focus on wholesale market
Financial Conduct Authority chief executive Martin Wheatley today emphasised the regulator's shift in focus to the commercial insurance market.
Lockton snaps up Motorsport specialist
Broker Lockton has completed the acquisition of Leeds-based motorsport broker, MIS Motorsport.
IIG to offer rated solution to brokers placing demolition risks
Incorporated Insurance Group has launched a demolition contractors’ liability scheme in a bid to support brokers who have previously been forced to delve into unrated markets.
Markel hires Apple's global business intelligence manager
Markel International has appointed Neil Winters as head of information management and application services.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.
Aon Benfield senior broker Willmont joins Canopius
Canopius has appointed Sarah Willmont from Aon Benfield to take on the position of deputy divisional underwriter for its property treaty division.
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Lloyd's mulls move from Rogers building over design 'frustrations'
Lloyd's of London could leave its iconic Richard Rogers-designed premises because of frustrations with its design, according to reports.
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
Towergate Q1 losses increase to £27m
Towergate has seen made an expanded pre-tax loss of £26.6m for the first three months of the year, up 41% from last year’s equivalent figure of £18.9m.
65 roles at risk as DAC Beachcroft shuts Manchester office
DAC Beachcroft’s claims validation team is to vacate its Manchester-based office in a move that will put around 65 jobs at risk.
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
National Accident Helpline enters London Stock Exchange
Shares in claims management firm National Accident Helpline have begun trading on the London Stock Exchange’s AIM market.