News
Claims Conference Asia: 'Asia reclaiming its rightful place in history'
Duncan Howorth, JLT CEO, Asia, struck an optimistic note when talking about the rise of Asia at last week's Claims Conference Asia, but warned more sophisticated risk management will be needed.
Hong Kong passes 50% tax concession on captives
The Legislative Council of Hong Kong has passed a bill to revise the Inland Revenue Ordinance to provide captive insurers with a 50% concession on profits tax for their offshore risk business.
Ace rejigs financial lines team in Asia-Pacific
International insurer Ace has made several changes to its financial lines team in the Asia-Pacific region.
Allianz launches risk surveyor apprenticeship scheme
Allianz Commercial has announced five apprentices for the new risk surveyor apprenticeship scheme which will support chosen candidates to become experts in their field.
Tim Ryan to lead Biba's networks and MGA advisory board
The British Insurance Brokers' Association has appointed Ryan Insurance Group managing director Tim Ryan to head its new networks and managing general agents' advisory board, Post’s sister title Insurance Age has revealed.
Aerospace players to receive IPT exemption
Aerospace insurers received a boost in Wednesday’s budget after Chancellor George Osborne said the government would exempt certain space risks from insurance premium tax.
Biba motor panel chair Briscoe hands over reins
The British Insurance Brokers’ Association has appointed Gallagher Bassett branch manager George Nicol to replace Allan Briscoe as chairman of its motor panel.
UK General boss pessimistic on commercial rate rises amid renewals
UK General commercial managing director Mike Keating is eyeing “pockets of business” where rate rises can be achieved, but offered a pessimistic outlook on the state of the wider commercial market.
DLG's Geddes nets £2.4m total remuneration
Direct Line Group chief executive Paul Geddes saw a 27% increase in the value of his pay package in 2013.
AIG enhances personal accident & business travel cover
AIG launched an enhanced version of its Lifeline Plus group personal accident & business travel cover, which includes extended policy wording and a mobile app that provides travelers with direct access to assistance and advice at any time, wherever they…
Quartix appoints Palmer-Baunack as non-exec
Vehicle tracking supplier Quartix has appointed Avril Palmer-Baunack as non-executive chair.
LAS COO Dunworth resigns days after Innovation Group buy
LAS chief operating officer Max Dunworth is to depart the business later this year, Post can reveal.
Low end HNW homeowners hit with steepest premium increases
The lower end of the high net worth market was hit with the biggest percentage increases in 2013 according to private client broker Castleacre’s high net worth property index.
Frank Pickles goes live on The Broker Cloud
Frank Pickles has adopted The Broker Cloud’s software solution for motorhome and kit car.
Canopius reports record £99m post-tax profit
Canopius has reported a 25% increase in gross written premiums and an improved combined ratio as it ended its 10th year of operation.
Willis launches representative office in Myanmar
Broker Willis has opened a representative office in Myanmar following a “growing wave of interest” from clients.
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Junction extends Post Office partnership
BGL's partnership and affinity business Junction has completed a deal to extend the length and breadth of its work with the Post Office.
Daley handed Plum board role
Plum's head of underwriting and claims has been handed a new role as board director.
Video - Octo Telematics: Telematics - an attractive proposition
According to research from the British Insurance Brokers’ Association, the number of live telematics policies increased by 116 000 between 2012 and 2013. While the number of telematics providers also increased from 10 in 2012 to 15 in 2013.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
Motorists 'too trusting' of their cars
Drivers have too much faith in their vehicle's ability to deal with floods and bad weather according to Be Wiser insurance.
CMS report highlights surge in warranty and indemnity M&A activity
Warranty and indemnity insurance is becoming a prominent feature of mergers and acquisitions activity in Europe, according to a study conducted by international law firm CMS Cameron McKenna.
Besso fine is 'stark reminder' of costs of non-compliance
The fine incurred today by Besso should serve as a cautionary tale for other brokers according to Anton Luck, partner at accountancy firm Moore Stephens