News
SRA to release figures on solicitor closures next week
The number of solicitors shutting up shop after failing to obtain professional indemnity insurance is likely to be confirmed next week, the SRA has said.
Lonmar moving to new London HQ
Lloyd’s broker Lonmar Global Risks is ringing in the New Year with a move from the central London office it has been based in for the past 12 years.
Female motorists unlikely to suffer renewal hikes, claims AA boss
Falling premiums within the motor market will mask the worst effects of the European Court of Justice’s gender ruling for young women renewing their car insurance in 2014, according to the AA’s director of insurance.
FM Global EMEA chairman Davey retires
FM Global’s Ken Davey, chairman of the Europe, Middle East and Africa division, has retired after 40 years with the insurer.
China sets up first marine insurance association
China has launched its first professional marine insurance association called the Shanghai Institute of Marine Insurance.
Home insurers expected to pass on 2013 savings to consumers
Home insurance premiums could fall by at least 5% this year as home insurers pass on the benefits of achieving their best set of results in almost two decades.
LV investment boss Mayall departs
LV’s chief investment officer Wendy Mayall has left the insurer just over a year and a half after arriving.
Liberty Syndicate non-exec Youell retires
Richard Youell has retired from his role as non-executive direction of Liberty Syndicate management, with former Allianz boss Chris Hanks replacing him.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Christmas storms unlikely to halt sliding premiums
Storms which battered the UK over the Christmas period are unlikely to contribute to reversing tumbling home and motor premiums according to the AA.
Cunningham Lindsey sees storm claims rush in from southern England
Loss adjuster Cunningham Lindsey has reported the majority of claims resulting from yesterday’s storm have been spread across southern England.
Brokers should brace for more reforms in 2014
Brokers should be prepared to have their earnings hit even harder in 2014 as the Financial Conduct Authority concludes its market study into insurance add-ons according to a legal expenses insurer.
Perkins replaces Gienal as Zurich COO
Zurich Insurance has announced the appointment of Barry Perkins as chief operating officer, UKGI & shared services, effective from 1 January 2014.
Trading breaches could cost Aviva Investors £92m
Aviva’s asset management arm Aviva Investors has confirmed £92m has been set aside for potential compensation payments to customers following trading breaches by two former employees.
Amlin Singapore launches P&I business with Raets Marine
Amlin Singapore has launched a shipowners’ protection and indemnity (marine liability) business and local charterers’ liability insurance in Singapore, in conjunction with Raets Marine.
Polaris renews IBM imarket contract
Polaris UK has renewed its imarket contract with IBM following a strategic review.
Gallagher grows north-east office with sales director appointment
Arthur J Gallagher is growing its management team in north-east England with the appointment of Martin Atkinson as UK retail sales director.
Adjusters on alert as pre-Christmas storms forecast
Loss adjusters are putting contingency plans in place for the Christmas period following Met Office flood warnings for parts of England and Scotland.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Ecclesiastical appoints Jamie McNab as group casualty underwriter
Ecclesiastical has appointed QBE’s Jamie McNab as group casualty underwriter.
Hampden Underwriting acquisitions increase underwriting capacity to £20.2m
Hampden Underwriting has acquired two further Lloyd’s limited liability members taking its total underwriting capacity to £20.2m.
DAS calls for transparency on add-ons in response to CC report
Legal expenses provider DAS has called for greater transparency of the value for money add-on products can offer customers in the wake of the Competition Commission report into private motor insurance released this month.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.