News
Capita launches bordereaux service
Capita Insurance Services has launched a bordereaux management service for Lloyd’s managing agents and London market companies.
Barbon closes Croydon HQ
Barbon Insurance Group has confirmed plans to close its Croydon head office, relocating functions and roles to new purpose built premises in Lincoln.
BP Marsh pushed to £1.4m post-tax profit after Hyperion sale
The sale of an 80% stake in Hyperion Insurance Group has seen BP Marsh record a £1.4m post-tax profit in its interim results for the year to 31 July.
Ombudsman data shows insurance complaints up 4.6%
Consumer complaints for general insurance products reached almost 6500 in the quarter ending 30 September according to data published by the Financial Ombudsman Authority.
Aviva Canada names broker distribution boss Somerville as CEO
Aviva Canada has named its executive vice president of broker distribution as its new president and chief executive.
Insurers urged to embrace digital strategies
Insurers have been warned to take mobile more seriously and not merely ‘play’ at being digital leaders, or be “left on the side lines”.
Global takaful market "in its infancy"
The global takaful industry grew 16% in 2012 and the growth potential is huge according to a report by EY.
First telematics product launched in Australia
QBE and NIA Underwriting Agency have teamed up with technology house SSP in Australia to launch the first telematics product in the country Insurance Box.
Insurers warned about merely ‘playing’ with digital in EY report
Insurers have been warned to take mobile more seriously and not merely ‘play’ at being digital leaders, or risk being “left on the side lines”.
Video: EY insurance customer leader Handy discusses why insurers are failing to embrace digital
Insurance companies have high digital ambitions but have failed to take action and embrace the digital world.
ABI supports PRA Solvency II consultation
The Association of British Insurers has welcomed the Prudential Regulation Authority’s public consultation on its approach to implementing EIOPA’s guidelines for the preparation of Solvency II.
Hardy makes senior appointment from Kiln
Hardy Underwriting has appointed Lloyd Tunnicliffe as its new property treaty business unit manager.
ECIH hires ex-Covea exec Fearn as chairman
Electrical Contractors’ Insurance Holdings has appointed Garry Fearn to the role of chairman.
Ace appoints global client exec for Benelux
Ace Group has appointed Hendrik-Jan Wiersema as its global client executive focusing on the Benelux region.
Jelf trading update reports 'positive' H2
A trading update from Jelf has revealed the broker experienced a positive second half of 2012, with results expected to be in line with market expectations.
Neave joins Wunelli board
David Neave has joined the Wunelli board as a non-executive director.
Claims portal data shows more understanding needed
Of the more than 700 claims that were submitted to the claims portal in the first month following its employers' and public liability extension, 40% left the portal.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
DAS and Towergate pen five-year partnership extension
DAS has agreed a five-year extension to its legal expenses and emergency assistance business partnership with Towergate.
Equinox increases capacity by over 40%
Equinox Global has added three new syndicates to its panel and increased its underwriting capacity from $35m (£21.6) to $50m (£30.9m), effective 1 November 2013.
Insurers at risk by failing to upgrade legacy systems
Legacy systems pose a “substantial” risk to the commercial insurance industry, according to a report by Xuber.
Purple Partnership chairman Finch to step down
Independent broker network Purple Partnership has announced that non-executive chairman Alec Finch is to step down from 31 October.
Compre claims first in unlocking 'major barrier' to European runoff acquisitions
Reinsurance legacy specialist Compre Holdings has completed what it claims is the first ever cross-border demerger of insurance and reinsurance portfolios.
MetLife makes two senior appointments in Asia
MetLife has appointed a replacement managing director of PNB MetLife, its Indian operation and a head of bank distribution in Asia.