News
Novae energy team growing with Payne
Lloyd’s insurer Novae has appointed Marsh’s former senior vice president of offshore construction to bolster its energy business.
Kiln appoints Richter to German surety role
Kiln has appointed Werner Richter as regional head of credit, surety and special risk in Germany.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Transactor grows team with newly created roles
Insurance software provider Transactor says its growth rate has allowed it to make two hires to fill new roles for the business.
Passporting insurers must assess value of rating says Gibraltarian commission
Gibraltar based-passporting insurers will have to consider the value of having a credit rating if the Solicitor's Regulation Authority introduces a minimum standard for qualifying insurers, according to Michael Oliver, head of insurance supervision at…
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Gable Holdings signs £10m delegated agreement with Aon
Insurer Gable Holdings has entered a £10m delegated underwriting agreement with Aon.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
CII targets retail as insurance giants fail to meet Aldermanbury standard
Aviva and DLG among those that failed to meet the terms of the declaration.
Co-op ‘gets out of jail’ with refinancing deal to avoid selling GI business
Mutual was unlikely to find an acceptable value for unit.
Medical panels debate heats up as both sides angle for places in working group
Possible £5000 limit and funding by insurers among issues up for discussion.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
Swiss Re Corporate Solutions appoints head of EMEA
Swiss Re Corporate Solutions, has appointed Tony Buckle as head of its Europe, Middle East and Africa operations
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.
International development and modernisation on LMA radar for 2014
The Lloyd’s Market Association will focus its efforts on international market development, market modernisation initiatives and improving the management of third party suppliers during the course of 2014.
Columbus Legal unveils new legal aid policy
Columbus Legal has pulled back the wraps on a new legal expenses policy designed to aid customers losing out on legal support following reforms.
Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
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.