News
UK floods tipped to cost industry close to £500m
PWC has estimated weather-related damage in December 2013 and January this year could cost the insurance industry up to £500m.
Allianz launches new healthcare plan for seafarers
Allianz Worldwide Care has unveiled a new healthcare product designed to provide care to seafarers in compliance with the Maritime Labour Convention.
Patel to take on group legal counsel role at BH in April
Brokerbility Holdings has appointed Jitendra Patel as group legal counsel.
Ace Global Markets increases environmental insurance capacity
Ace Global Markets is increasing its capacity for clients seeking environmental liability insurance coverage to $50m (£30m).
Ex-Wilby associate director to lead Bluefin's Skipton branch
Bluefin has appointed Tracey Weston to the position of branch director at the broker’s Skipton office.
Contractors urged to up security as theft claim value increases
Building trades insurer ECIC is urging contractors to increase security to protect their equipment after the claims value of tool theft increased by £2226 in the past year.
Positive market response leads LWI to pursue global growth
Energy loss adjuster Lloyd Warwick International is planning on opening new offices and recruiting “stars of the future” in a bid to support international growth.
UK pet insurance market expected to remain stable
The outlook for UK pet insurers remains positive over the next five years following a 35% increase in the market between 2008 to 2012, according to an insurance software provider.
Giles and Bollinger deals forecast to cost Gallagher up to £17m through 2014
US broker Arthur J Gallagher is set to pay an estimated £17m in integration costs through this year following the acquisitions of Giles and Bollinger in 2013.
Now Health launches Singapore operation
Health insurer Now Health International has opened a Singapore office partnering with Tenet Sompo as its underwriter in the region.
CFC annual pre-tax profits climb 27%
The UK’s largest specialist lines managing general agent has witnessed both its revenues and profits climb in figures issued this morning.
Aviva faces £323m bill for technical errors
Aviva is facing a compensation bill of up to £323m following technical errors that have resulted in underpayments over a number of years, according to reports.
Pre-tax profits at Catlin climb 27% in 2013
Catlin's pre-tax profits reached $432m in 2013 - up 27% from $339m the previous year.
Soft market in Asia to hit record, says Marsh
Commercial insurance rates in Asia are expected to reach historic lows this year, according to Marsh's 2014 Asia Insurance Market Report.
Fires destroy 20 homes in Victoria
Victoria, the South-East Australian state, is facing some of the worst wildfire conditions since Black Saturday in 1999.
Total Philippines insurance premiums grew 47% in 2013
The outlook is strong for insurers in the Philippines according to ratings agency Fitch, although the life sector is stronger than general insurance.
Revised Code of Practice introduced by Australia insurance board
The revised code will be launched by the Insurance Council Board on 1 July with everybody requested to be compliant by 1 July next year.
Parabis Law hires Jabbari to boost consumer law offering
David Jabbari, the former Connect2Law chief executive and Pannone Affinity head, has joined Parabis Law as a partner.
Former Cunningham adjuster launches HNW business
A former senior adjuster at Cunningham Lindsey is to unveil a new high net worth adjusting and surveying business later this month.
Axa’s Evans lauded for commitment to public interest at CII awards
Axa group chief executive Paul Evans was recognised with an achievement award for his work in championing the public interest at last night’s inaugural Chartered Insurance Institute Public Interest Awards.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
RSA mid-markets boss Wilkinson exits
RSA mid-market regions director Dan Wilkinson has left the insurer after just over a year in the job.
Bupa’s Tugendhat appointed Towergate Direct CEO
Towergate has appointed Bupa Group’s James Tugendhat as chief executive of Towergate Direct.
ABI kick-starts Flood Re CEO recruitment process with job ad
The Association of British Insurers has started its search for the chief executive of Flood Re and will be advertising the position in this week's Sunday Times.