Insurer
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…
Canopius and Sompo to launch merged reinsurance unit via Lloyd's and Zurich platforms
Canopius Group has formed an integrated business unit to manage the reinsurance business previously written by Canopius and Sompo Japan Nipponkoa Insurance.
European run-off market to be worth £181bn this year
The non-life European legacy insurance market is estimated to reach run-off reserves worth €247bn (£181bn) this year, an increase of €5bn compared to 2014, according to PWC.
PWC tips global cyber market to reach $5bn by 2018
The global cyber insurance market could grow to $5bn (£3.2bn) in annual premiums by 2018 and at least $7.5bn by the end of the decade, according to a PWC report.
Firms vulnerable to takeover by avoiding M&A wave, claims PWC
Insurance industry companies that do not participate in the current wave of merger and acquisition activity are exposing themselves to takeover, according to PWC research.
Rehabilitation First Awards 2015: The winners
Rehabilitation professionals gathered today (11 September) for the 11th Anniversary of the Rehabilitation First Awards at the Royal Garden Hotel in Kensington, London.
Police to investigate RSA's missing storage device
RSA is working with police to investigate a storage device containing customer information that is missing and has been reported as stolen.
Unipol launches Dublin-based reinsurer
A reinsurer targeting property and casualty business in continental Europe has been launched in Dublin, Ireland, by Italy-based Unipol Sai Assicurazioni in order to capitalise on the rewards for diversification under Solvency II.
Benign claims period leads to Skuld's £5.8m six-month result
Marine insurer Skuld has reported a $9m (£5.8m) half-year result and a combined operating ratio of 95%.
Blog: Less than six months to the SIMR - How to prepare
The introduction of Senior Insurance Managers Regime is set to transform organisational structures throughout the insurance sector. With less than six months to go until the legislation comes into force, much of the industry is simply not prepared and…
Fraudster handed seven-year sentence after faking death to claim life insurance
A fraudster has been sentenced to seven years in jail after faking a woman’s death to claim nearly £1.7m in life insurance.
Quiz of the week - 11 September 2015
It's quiz time. Test your knowledge of the week's insurance news. Let us know how you do by sharing your score on Twitter with the hashtag #postquizscore...
Allianz strikes PPI and GAP deal with Maiden
Affinity and white label specialist Maiden has extended its partnership with Allianz on developing branded insurance solutions to automotive original equipment manufacturers and their customers.
Lloyd's FD Parry pessimistic on rate pressures subsiding
Lloyd’s finance director John Parry sounded a cautious note regarding rate pressure after Lloyd’s reported a 28% fall in profit for the first six months of 2014.
Gable supportive of new Liechtenstein GI entrants
Liechtenstein-based insurer Gable Holdings would welcome other general insurance companies entering the principality as it revealed it has spoken to the Liechtenstein regulator about companies interested in positioning themselves in the territory.
Insurers encouraged to promote reward schemes to tempt customers
Introducing a loyalty or reward scheme could improve insurers’ chances of increasing consumer take-up, despite the overriding importance of price, according to a survey conducted by M&S for business.
Former Towergate business Folgate returns to active underwriting
Former Towergate-owned Folgate Insurance has returned to active underwriting in the UK and Europe one year after being acquired by APC Underwriting.