News
Magic circle firms worked on Zurich China deal
Slaughter & May is acting opposite Freshfields Bruckhaus Deringer on Swiss Re's $493m acquisition of 4.9% stake in China's third biggest life insurance company.
Sterling bolsters Birmingham presence with underwriting hires
Sterling’s has followed up the launch of its new regional office in Birmingham with the appointment of Wendy Travers as commercial regional underwriting manager and Ryan Piner as household regional underwriter.
Hiscox unveils star footballer injury cover
Specialist insurer Hiscox has launched a product to protect football clubs against illness or injury to star players.
SSP unveils Covéa and Sabre as telematics panel insurers
Covéa Insurance and Sabre have become the first insurers to join the panel behind technology firm SSP’s Soteria Drive telematics solution, which is to be sold via high-street brokers.
Money Supermarket chief welcomes FCA review
A regulatory review into price comparison sites has been welcomed by Money Supermarket chief executive Peter Plumb.
AIG rolls out broker trading platform in mainland Europe
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Bennetts targets coverage shortfall with modifications policy
Motorcycle insurance specialist Bennetts is hoping to take advantage of a dearth in coverage among riders who make adjustments to their bikes by introducing a policy that covers the 16 most common modifications as standard.
AIG rolls out broker trading platform on continent
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Axa calling for tougher sanctions on CMC consumer contact
Axa is calling for sanctions against claims management companies to be bolstered including doubling the maximum fine to £1m and giving the regulator power to shut down CMCs that are seen to be persistently flouting privacy rules.
Sovereign risks persists for Italian insurers amid weak non-life growth
Eurozone sovereign risk will continue to negatively affect Italian insurers in 2014 given the significant amounts of government and corporate debt held in their investment portfolios, according to Fitch.
HSB Engineering strengthens team with Allianz hire
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has appointed David Slack as senior loss control engineer.
AA boss Strong moves to Saga
AA chief executive Andrew Strong is to move to sister company Saga from 1 December, with a replacement expected to be confirmed by the end of Q1 next year.
Aon UK chief Christian elected to Lloyd's council
Aon UK chief executive Dominic Christian has been elected to the Council of Lloyd’s for a three year term starting in February next year.
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.
Cyclone Helen kills six in India
Six people died when a cyclone hit Southern India on Friday.
Iran nuclear deal could help boost oil exports
The weekend agreement between Iran and the West over its nuclear capabilities could give a short term boost to oil exports as insurance coverage could be extended quickly.
ABI calls for more investment in flood defences
The Association of British Insurers has called on the government to invest further in flood defences.
Chase Templeton unveils new HQ
Private health insurance specialist Chase Templeton has relocated from Blackburn’s Enterprise Centre to its own two-story building near Darwen.
Brettell to take on retail general manager role at Allianz next year
Allianz Insurance has appointed Neil Brettell to the role of general manager of the insurer's retail division.
Personal injury CMCs down by 38% as MoJ prepares fines consultation
The Ministry of Justice is preparing to follow up its consultation on introducing more stringent rules for claims management companies with a third inquiry into fines early next year, in a bid to further clamp down on unscrupulous practices.
Biba disappointed at government’s SME flood exclusion
The British Insurance Brokers’ Association has expressed its disappointment at the government’s decision to exclude SMEs from incoming flood legislation.
Esure promotes risk head Boland to CRO role
Esure has replaced retiring chief risk officer Andrew Whitehouse with its head of risk.