Insurer
Reinsurers eye greater share of primary business as rate pressure continues
Global reinsurers are increasingly looking to shift their portfolios towards primary business in the face of continued rate pressure, according to an AM Best report.
Interview: Chris Voller - Keeping up with the digital revolution
More than doubling your workforce pretty much overnight would cause some people a degree of panic, but not Chris Voller, head of claims for Axa Insurance.
Blog: D&O insurance - ‘The Times They Are A-changin'
Primary D&O underwriters have been living with over-capacity, broad cover, and low rates for a long time, but are there reasons to think that 2015 could be the beginning of the end of this soft market for management liability risks?
XL unveils venture capitalist product
XL Group has launched a new venture capital initiative, XL Innovate.
Flood Re chair Hoban to take home £150k in first year
Flood Re chairman Mark Hoban is to receive a salary of £150,000 for his first year of work for an expected commitment of approximately seven hours per week.
Covéa boss fears CMA 'failure' on credit hire will increase costs in 2015
The Competition and Market Authority’s failure to take action on credit hire costs following its private motor report last year risks spurring claims inflation, according to Covéa Insurance CEO James Reader.
Cobra secures £6.9m refinancing deal with Clydesdale Bank
Cobra Group has secured a £6.9m debt refinancing with Clydesdale Bank with the aim of growing the business.
Further acquisitions not on Duperreault's radar at Hamilton
Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
Fraud investigation firm VFM enters liquidation
Peterborough-based claims investigation firm VFM Services has gone into liquidation resulting in the redundancy of the firm's entire workforce, Post understands.
Blog: Who is in the running to take over from Sandy Scott as CII CEO
The news this time last week that Sandy Scott was to step down as CEO of the Chartered Insurance Institute started the proverbial rumour mill as to who would be his replacement.
IGI targets untapped Middle East and African markets at it plots UK growth
International Insurance Group will eschew the saturated markets of Northern Europe and the United States as it looks to build its London operation, according to CEO Andreas Loucaides.
Pet insurance market forecast to reach £1.1bn by 2018
UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.
Charles Taylor completes Scottish Widows International purchase
Professional services firm Charles Taylor has completed its acquisition of Scottish Widows International, a business it has administered for the past eight years.
Quiz of the week - 2 April
Test your knowledge of this week's industry news stories with our just for fun quiz.
IAG increases stake in Indian insurer to 49%
Insurance Australia Group is taking advantage of new rules in India to increase its 26% stake in SBI General Insurance to 49%.
10 found guilty in £1m fraud scam
Ten people involved in a £1m crash-for-cash scam have today been found guilty of conspiracy to defraud at the Manchester Crown Court.
CNA Hardy becomes underwriting partner for Dual's marine and energy business
Dual’s global marine and energy business has started underwriting supported by CNA Hardy’s Lloyd’s syndicate.
Motor market constraints not Gibraltar-specific, GIA says
Market constraints that contributed to Gibraltar-based underwriter the Service Insurance Company ceasing to write business are likely to felt by motor insurers Europe-wide and not just in the UK overseas territory, the Gibraltar Insurance Association…
Volkswagen and Ageas team up for new motor proposition
Ageas UK and Volkswagen Financial Services have entered into an agreement that will see customers buying an Audi vehicle receive a new, fully branded motor proposition from the insurer.
Post Office Money unveils new over-50s household policy
Post Office Money has launched a new home insurance product for customers aged over 50.
April Fool's: Independent Insurance to be re-launched at Biba Conference 2015
Kites may well fly above the Manchester Central Conference Centre at the British Insurance Brokers' Association conference on 13 May, but it won't be to celebrate the launch of Independent Insurance Mark II.
Carlyle Group buys Nationwide Accident Repair Services for £43.2m
US private equity firm Carlyle Group has agreed a deal to buy AIM-listed Nationwide Accident Repair Services for £43.2m.
LV picks Wunelli to develop safer driving telematics app
LV has selected Wunelli to support its entry into the usage-based insurance arena with the launch of its first telematics app.
Blog: Private sector pain for brokers part of the price of peace in Northern Ireland
It is almost 17 years to the day since the Good Friday Agreement brought an end to 30 years of sectarian conflict in Northern Ireland, yet the lasting legacy of ‘The Troubles’ continues to have a profound effect on the local economy and the general…