News
Biba appoints Flaxmans to claims advocacy role
The British Insurance Brokers Association has named mediator Flaxmans as its preferred provider of claims resolution and advocacy services.
Telematics policies increased 61% in 18 months, Biba research shows
The number of live telematics policies increased by 116 000 between 2012 and 2013, according to research from the British Insurance Brokers’ Association.
Amlin looks to Lloyd’s for underwriting hire
Amlin has appointed Ole Enevoldsen as group head of underwriting assurance.
Insurer FSCS levy to drop 37% while brokers see £8m increase in 2014/15
The proposed general insurance levy payable to the Financial Services Compensation Scheme in 2014/15 has dropped 37% from the year before, the organisation’s budget shows.
Markerstudy spurned last minute Co-op bid
Gibraltar-based motor insurer Markerstudy declined an offer to join an unnamed US investment house in a last-minute bid for the Co-operative’s general insurance arm, Post can reveal.
Post Intelligence docu-video: Is Flood Re the right insurance solution?
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
Caviet to serve as interim AmTrust CEO at Lloyd's following Halpin exit
Geoff Halpin has stepped down as chief executive of AmTrust at Lloyd’s, Lloyd's managing agent of Syndicate 1206 and Syndicate 44.
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
BMS joins forces with research institute for ERM solution
Independent insurance specialty firm BMS Group has entered into an exclusive partnership with research institute RTI International to offer enterprise risk management services.
Pratten to preside over £1.5bn in Canopius investment role
Canopius has appointed Michael Pratten to the newly created role of chief investment officer.
SRA ratings plans 'confused' says Enterprise
An unrated professional indemnity insurer has condemned plans from the Solicitors Regulation Authority to bar insurers rated below B.
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.
Underwriting trio form aerospace business via 'club-style' MGA
Altitude Risk Partners has formed an aerospace underwriting business after utilising Castel Underwriting Agencies’ ‘club-style’ managing general agent platform.
S&P forecasts downgrades for reinsurers
Ratings agency Standard & Poor’s is predicting downgrades for reinsurers over the next two years due to increased competition and curtailed profitability.
No casualties reported from New Zealand earthquake
There have been no reported casualties from a 6.3 magnitude earthquake that hit New Zealand's North Island yesterday afternoon.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Willis' Thomas moving to Singapore
Neil Thomas, executive director, energy, property and casualty claims at Willis is moving to Singapore from London in February to help him concentrate more on Asia.
Insurance boost for Iran oil buyers
European Union insurers can now offer protection on Iranian oil exports after sanctions were relaxed yesterday as part of the joint agreement between a group of six nations and Iran.
Euler Hermes achieves AA- Chinese credit rating
Euler Hermes has become the first European insurer to be rated by Chinese credit rating agency Dagong.
Unrated PI insurer Elite targeting AM Best rating by Q2
Unrated insurer Elite is hoping to be granted a rating by AM Best by the start of Q2.
SRA launches unrated insurer ban consultation
The Solicitors Regulation Authority is to consult on a potential bar on professional indemnity insurers rated below B on financial strength.
Ex-DLG regional manager Hughes becomes Bollington director
Bollington has recruited Direct Line Group’s Paul Hughes as director of direct sales, in a bid to expand the broker’s motor trade division.
Hyperion records positive growth but rules out IPO in short-term
Hyperion Insurance Group today reported a 51% increase in revenue for the year ended 30 September 2013 as group chief executive David Howden said an IPO is still firmly on the company’s agenda.
Isle of Sheppey crash culprits offered alertness courses
Drivers responsible for a pile-up on the Isle of Sheppey Crossing that left eight people with severe injuries have been offered driver alertness courses as opposed to facing prosecution through the courts.