News
Rural hires NIG Farm Web's Young for regional underwriting role
Rural Insurance has hired Kate Young as its south west and south Wales regional development underwriter.
New director for Bluefin's London branch
Paul Goodman has been appointed branch director in Bluefin’s London office.
LV finds 230 000 SMEs do not have insurance
New research by LV Broker found that around 230 000 small business owners have no insurance cover in place, which leaves them vulnerable to liability claims, hefty fines and prosecution.
Uniqa to raise €750m from share sale
Austrian insurer Uniqa has launched a ‘Re-IPO’ share sale with views to raising around €750m.
Ironshore unveils new M&A underwriter
Ironshore International has appointed Astrid O’Reilly as M&A underwriter, based in its Singapore offices.
Spain and Italy most interested in telematics
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
Older drivers tempted by 'try before you buy' telematics offering
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
Typhoon Usagi kills 25 in China
The strongest storm in the world of 2013 landed in South China overnight killing at least 25 people.
APPG calls for mixed properties to be included in Flood Re
The All Party Parliamentary Group on Insurance and Financial Services has called for residential homes which are used as commercial premises to be covered under the government’s proposed Flood Re scheme.
Lloyd's market on cusp of 'AA' rating
The Lloyd's market is on the cusp of achieving a potentially “game changing” ‘AA’ credit rating, according to research firm Litmus Analysis.
IUA urges renewal of US’ Terrorism Insurance Act
The International Underwriting Association has warned underwriting terrorism insurance without a US government backstop is a gamble that could create to economic uncertainty.
IUA urges renewal of US’ Terrorism Insurance Act
The International Underwriting Association has warned underwriting terrorism insurance without a US government backstop is a gamble that could create to economic uncertainty.
First Complete appoints Smith Greenfield to GI panel
First Complete has appointed broker Smith Greenfield to its general insurance panel to provide high net worth cover.
Xchanging acquires US tech company
Xchanging subsidiary Xchanging Inc has acquired Market Maker4, an e-sourcing technology company based in the US, for a potential total consideration of up to $22m (£13.7m), subject to certain performance criteria.
RBS announces plans to sell more Direct Line shares
The Royal Bank of Scotland has announced its intention to sell more of its shareholding in Direct Line Group.
JLT Group to acquire Towers Watson's reinsurance brokerage business
Jardine Lloyd Thompson Group is to acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
BGL strengthens ‘own-brand’ business with appointment
The BGL Group has appointed Ingrid Murray as consumer marketing director for Frontline, the business behind BGL’s in-house brands such as Budget and Dial Direct.
World Trade Center developer's suit against insurers is dismissed
A legal ruling has left real estate developer Larry Silverstein unable to recoup any of the $1.2bn (£746m) recovered by World Trade Center insurer QBE and three Lloyd’s syndicates.
Belmont and Giles 'will complement each other' claims Deakin
Arthur J Gallagher UK commercial director Janice Deakin expects the transport businesses of brokers Giles and Belmont “to strongly complement each other”.
Strategic importance of M&A to increase
A PWC report has found the strategic importance of mergers and acquisitions to insurers across the globe is set to increase.
Travelers hires K&R specialist to underwrite Lloyd's book
Travelers has hired kidnap and ransom specialist Melanie Simpson-Mills to join Travelers Syndicate Management as a development underwriter.
Bluefin expands Stockton office with Towergate hires
Bluefin Insurance has expanded its Stockton office with three new hires from Towergate.
Quindell boosts Ingenie investment amid over 25s and Canadian expansion
Outsourcing provider Quindell Portfolio has increased its investment in Ingenie to approximately 43% and has made a direct 40% investment in two newly formed Ingenie subsidiaries.
EC3/Legal expands insurance expertise with new recruit
EC3/Legal has appointed Ian D’Castro to the role of legal director, as part of the city law firm’s plans to continue the expansion on its commercial legal practice for brokers, Lloyd’s agencies, MGAs and other support providers.