Insurer
Cost and availability of NEDs in question amid regulatory pressures
The increasing level of responsibility associated with being a non-executive director could serve to diminish the number of available candidates and drive up the cost of recruitment, according to the International Underwriting Association.
Lloyd's underwriters back skilled migrants insurance product
An insurance product specifically for skilled migrants has been launched with the backing of certain Lloyd’s underwriters to provide security for people immigrating, or those who have already immigrated, to Australia and New Zealand.
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
700 QBE shareholders begin A$200m class action lawsuit
700 of QBE's shareholders are attempting to recover over A$200m (£93m) from the insurance giant after its share price collapsed in December 2013.
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.
London market diversity under the microscope as consolidation continues unabated
The London market is in danger of becoming too consolidated as a result of the current M&A wave, commentators have warned, with market diversity dependent on small start-up businesses emerging in the coming years.
Claims down 15% in Q2 as benign winter sees weather losses plummet
The total number of claims dealt with by the insurance industry in the second quarter of 2015 fell by 15% to 311,000, according to figures produced by the Association of British Insurers.
Horton first of founding ABC team to depart LV
LV chief operating officer Peter Horton has left the insurer.
Hastings Insurance Group announces £180m IPO
Hastings Insurance Group has announced its intention to proceed with an initial public offering and float on the London Stock Exchange.
Alibaba-backed Ant targets China's internet market with £120m purchase
Cathay Financial Holdings has agreed to sell a 60% stake in Taiwan-headquartered Cathay Insurance (China) to Alibaba-owned Ant Financial.
Career Development: RSA goes for Platinum
RSA has launched its new platinum broker leader programme.
Career File: Anita Watson – Bluefin names Thistle COO Watson as operational performance director
Thistle Insurance Services chief operating officer Anita Watson has been appointed to the newly created role of operational performance director at Bluefin.
Turkish market still overly reliant on underperforming motor says Fitch
The Turkish insurance sector's profitability remains driven by the performance of the motor insurance segment, according to a new report by Fitch.
Labour leader Corbyn names Shadow Cabinet
Newly elected Labour leader Jeremy Corbyn has announced his Shadow Cabinet including Hayes and Harlington MP John McDonnell as Shadow Chancellor of the Exchequer and West Bromwich East MP Tom Watson as deputy Labour leader.
Asta swoops for Fisher for NED role
Former Arthur J Gallagher International chief underwriting officer Sian Fisher has been appointed a non-executive director of Asta Underwriting Management.
Most solicitors tipped to find rated cover in ‘buoyant’ PI market
Solicitors have seen a benign professional indemnity renewal period after the turbulence of the last few years; however a recent court ruling could increase pressure to introduce an aggregation limit, according to legal specialists.
C-Suite - Insurer: Which way now?
The market is in transition and will continue to change – it’s an exciting time to be in insurance.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Legal Update: Medco: teething problems
Five months in, Paul Edwards says concerns about the portal’s operation need to be addressed quickly
Shipowners' Club agrees delegated authority arrangement with Swedish underwriter
The Shipowners' Club has entered into a strategic partnership with Swedish marine underwriting agency Svensk Assurans to offer a P&I product through a delegated underwriting agreement.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Ecclesiastical swoops for Covéa's former real estate head
Ecclesiastical has appointed Chris Withers as property investors development manager.
Student tech targeted by thieves but 50% have no insurance cover
Over one in 20 students (6%) has fallen victim to theft since 2014, with mobile phones topping the list of stolen items, the Chartered Insurance Institute reports today (14 September), noting that more than half of students (54%) have no insurance for…