News
BLM opens EC3 office
Law firm Berrymans Lace Mawer is to open a new office on Leadenhall Street in a bid to better service the London market.
Aviva to almost halve offices as underwriters move into broker sites
Aviva is to shrink its office locations from 30 to 17 and cut staff following a decision to put more underwriting decision-makers in brokers’ offices.
FSA bosses Sants and Turner paid £0.5m for gardening leave
The Financial Services Authority paid its former chief executive Hector Sants and chairman Adair Turner a total of £552 178 in compensation for being unable to take on another financial services role.
TV boss waits for sentencing over insurance con
A UK-based Bengali TV channel boss is facing jail time for accepting at least £500 000 from a crash-for-cash scam knowing the money had been conned out of insurance companies.
Howden appoints head of Asia retail business
International broker Howden has appointed of V. Harikes as managing director of its retail businesses across Asia.
Howden hires Asia retail MD
Howden Broking Group has appointed of V. Harikes as managing director of its retail businesses across Asia.
Relive the 2013 British Insurance Awards: Video Highlights
The 2013 British Insurance Awards was last week widely praised as “the best ever”.
Tax payer will not be insurer of last resort in Floor Re, says Benyon
The government will not be the insurer of last resort under the proposed Flood Re scheme, environment undersecretary Richard Benyon said yesterday.
Add-on investigation highlights data opportunity: Sas
The enquiry into the selling of add-on products should prompt insurers and brokers to better utilise data in offering products to consumers according to Sas head of insurance Martyn Kyle.
AIG said to be lead insurer for Asiana crash
AIG has been named as the lead insurer providing cover for the Asiana Airlines crash in San Francisco airport on 6 July, Bloomberg reported.
BNP Paribas Cardif enters joint venture with Bank of Beijing
BNP Paribas Cardif is expanding into the Chinese market with a joint venture with Bank of Beijing.
Asiana crash claim could amount to $2.3bn
The Asiana Airlines’ Boeing 777 that crashed in San Francisco on 6 July was insured for $2.3bn (£1.7bn).
Regulation still deemed greatest risk for industry
Regulation has been voted the greatest risk facing the insurance industry for the second year running in a survey conducted in partnership with PWC.
Bluefin makes branch hires in Bath and Northampton
Bluefin has appointed Ian Sandham as the branch director of its Bath office and hired Daniel Sweeting as a schemes account executive in Northampton.
Lancashire appoints new head of energy and marine
Lancashire Holdings has appointed James Flude as head of energy & marine for its UK operation.
Lloyd’s names high tax as top European business threat
European executives are risking short-termism according to Lloyd’s chief executive Richard Ward, with high taxation now seen as the number one threat to European business.
Regulator FCA faces call for "pay to play" to be investigated
Regulator faces calls for ‘pay to play’ to be investigated.
Airmic’s basis contract clause campaign bolstered by heavy hitters
Lloyd’s market remains reticent to address elimination of avoidance clauses.
United India cleared on market abuse claims
India’s competition commission has rejected claims of abuse of dominance against United India Insurance and its third party administrator E-Meditak in medical insurance market.
Haste tipped for the top at Lloyd’s as insiders claim job ‘is his for the taking’
Ward praised for maintaining strength of market during tenure.
Leaders eager to distance themselves from rogue investigator allegations
Calls to name firms from leaked Leveson report forces industry to soul search.
Indian regulator ramping up analytics focus
India’s Insurance Regulatory and Development Authority is to launch a new information office for the collection and analysis of data from insurers, according to reports.
Solicitors offered unrated insurer carriers despite solvency concerns
Déja vu as Balva-like unrated carriers on brink of taking market.
General Atlantic concludes purchase of Hyperion shares
Hyperion Insurance Group has completed a deal with General Atlantic in which the global growth equity firm acquired around 30% of the group's shares.