News
Kiln buys 49% of Lloyd’s cyber coverholder NAS
Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.
UK General wins schemes deal with Best Insurance
Leeds-based specialist insurer, UK General, has designed a bespoke income protection policy in a deal with Sussex firm, Best Insurance.
Miliband demands accelerated flood claim payments
Labour party leader Ed Miliband has demanded insurers settle payments on flood claims within weeks of submission.
Gallagher Insurance Solutions opens Bournemouth 'super centre'
Arthur J Gallagher distribution arm Gallagher Insurance Solutions has created the broker’s largest UK base outside London by co-locating four businesses into a new ‘super centre’ in Bournemouth.
Gibraltar aims to become ILS hub within EU
The government of Gibraltar has unveiled plans to make the territory an insurance linked securities destination within the European Union.
Elite plots expansion with recruitment of 10 new employees
Elite Insurance is to expand via the appointment of 10 new employees across claims, reinsurance, IT, administration, underwriting and operations.
Willis promotes Benolken to technology lead
Wills has promoted Sarah Benolken to a new role as global leader of technology, media and telecommunications.
Which? demands end to premium rate customer lines
Which? has renewed calls for the insurance industry to bar the use of premium rate phone lines for customers.
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
Quindell a step closer to securing £300m of annual business
Quindell has confirmed it has secured more than half of the remaining £100m of £300m tied up in late stage negotiation for new contracts.
SSP warns Australian insurers to move off legacy platforms
The managing director of technology house SSP in Australia has said Australia's largest insurers could move from being "leaders" to "laggards" as legacy technology infrastructure hampers them.
Towers Watson recruits Asia-Pacific insurance director
Global professional services company Towers Watson has appointed Bill Johnston as director, insurance management consultancy, Asia-Pacific.
BMS appoints Field as Australian CEO
Lloyd's and specialist broker BMS Group has appointed Brett Field as CEO of the company's Australian office
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
Thomas Carroll recruits former cricketer to sales team
Welsh broker Thomas Carroll has recruited former Glamorgan and Kent cricketer Mike Powell to its new sales development team.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
Hester reportedly plotting £350m share placing
RSA chief executive Stephen Hester is reportedly looking to investors to raise as much as £350m for the insurer in an emergency cash call.
Insurer risk management increasingly reliant on data
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
Ex-Barbon chair Drummond-Smith becomes Gallagher NED
Arthur J Gallagher has appointed former Barbon Insurance Group chairman Jamie Drummond-Smith to the role of non-executive director.
Biba members to access Beazley event scheme
Members of the British Insurance Broker’s Association will be given access to a bespoke event insurance scheme provided by Lloyd’s insurer Beazley as part of a new deal.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.
IUA begins 'most extensive' London company market survey
The International Underwriting Association has begun research for its 2014 London Company Market Statistics Report designed to provide analysis of the market's premium income.
JBA releases highest resolution GB flood model
JBA Risk Management has updated its Great Britain flood model to provide greater precision than ever previously possible.
RSA unleashes pet claims management system
RSA has today launched a new pet claims management system in a bid to enhance its customer service.