United Kingdom (UK)
JLT posts 7% revenue increase in 2012
British broker JLT posted revenues of £880.1m (€1,018.7m) for the full year 2012.
Kennedys hires Clyde & Co energy and construction partner
Kennedys has grown its international energy team with the hire of Graeme Baird from Clyde & Co.
Marsh unveils UK and Ireland large corporate unit
Marsh has created a single division to serve mid-size and large corporates across the UK and Ireland, along with multinational clients in the region.
Clements grows European footprint with Italsure acquisition
Insurance service provider Clements Worldwide has acquired UK-based expat insurer Italsure.
Steve Gordon joins Henderson as marine director
Marine specialist Steve Gordon has been appointed as associate director by Henderson Insurance Brokers.
France lags European neighbours for aggregator use and online sales
Aggregators are the fastest-growing distribution channel for motor and household insurance in Europe while online purchases have grown rapidly across the continent, according to research from Finaccord.
Three Mapfre offices become branches
Mapfre Global Risks' representative offices in Germany, France and the United Kingdom are to become fully fledged branches.
HSBC's Ping An stake sale approved by regulator
China’s regulator has approved HSBC’s sale of its 15.6% stake in Ping An Insurance to Thai billionaire Dhanin Chearavanont for $7.4bn.
Whitehair appointed MD of SPB UK
French affinity insurance specialist SPB plans to grow its business in the UK through its ownership of Citymain Group.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Argo hires general liability underwriter from Besso
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed Vanessa Lampard as an underwriter in its general liability team.
Sony fined £250,000 for Playstation data breach
The UK Information Commissioner’s Office yesterday confirmed that it has fined Sony £250,000 for a ‘serious breach’ of the Data Protection Act.
Software firm launches Solvency II tool for Lloyd's market
Insurance investment information specialist Camradata has introduced Solvency II-compliant software to its Lloyd's clients for reporting and accounting.
Former Ace COO becomes Gibraltar's new insurance chief
The Government of Gibraltar has hired the former chief operating officer of Ace Global markets to lead insurance business development on the island.
CII to offer more international-only qualifications
The Chartered Insurance Institute has broadened its options for international insurance agents with new international-only qualifications.
April Group to hire Orkney-based business consultant
The UK arm of France's April Group is looking to appoint a permanent business consultant in the Orkney Islands after growing demand for its medical and income protection policies.
Zelle Hofmann opens London office
Law firm Zelle Hofmann Voelbel & Mason is opening a London office in January to address the growing needs of clients in the London and European insurance markets.
Over 50% of European firms unprepared for cyber threats
Despite 98% of continental European firms experiencing a cyber incident in the past five years, research has found that a significant proportion are unprepared to deal with this threat in the future.
Capco to offer insurance services in Europe
Global business consultancy Capco will offer insurance services throughout the UK and continental Europe.
Mitsui hires marine liability underwriter
Mitsui Sumitomo at Lloyd’s has hired David Carr as a class underwriter in its marine liability division.
Marsh reshuffles leadership of international divisions
Broker Marsh has combined its Asia and Pacific regions and appointed a dedicated leader for continental Europe, the commonwealth of independent states, and Turkey.
Xchanging appoints exec director for insurance services
Xchanging has appointed Adrian Guttridge as executive director, insurance services, reporting to group chief executive Ken Lever.
Government support needed for affordable UK flood cover
Affordable flood cover for UK homeowners is unlikely to be available in the future without some form of government support, rating agency Fitch said today.
UK report highlights role of modelling in disaster risk reduction
A UK government report has urged the disaster risk reduction sector to emulate the insurance industry and increase its deployment of science-based risk models.