Insurer
Dual launches asset underwriting division
Dual, the underwriting arm of Hyperion Insurance Group, has launched an asset protection division under the name Dual Asset Underwriting.
Penny Black's Insurance Week - 10 October 2013
Penny was thrilled to chat to a broker this week who is investigating launching ‘adverse risk’ motor policies to cater for people with criminal convictions, among other criteria commonly cited for rejections.
Ask the expert: High performance culture
As an employer, how do I go about creating a high-performance culture? And how important is it to the success of the business?
Career file: Max Carruthers - Axa's Carruthers heads for ‘semi-retirement'
Max Carruthers will depart his role as Axa Commercial Lines and Personal Intermediary chief operating officer by the end of this year.
Market Moves: Retirement of high-profile trio among week’s major moves as RSA and Axa add new staff
This week was dominated by big-name departures from the insurance industry, with retirements at Axa, McLarens and Cunningham Lindsey. The exits of Max Carruthers, Trevor Latimer and Gerry Loughney stand out as the biggest moves in a week in which RSA and…
Legal update: Health: An injection of guidance on cosmetic treatments will minimise insurance risk
Euan Milne looks at the lack of regulation in the cosmetic treatment sector and the recommendations proposed for training professionals.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
Claims management: Crackdown
Do new measures aimed at snuffing out poor practice by claims management companies go far enough?
Equity sells direct broking division to NMG Holdings
Equity Insurance Group has sold specialist motor and home broker Equity Direct Broking to NMG Holdings as part of its strategy for the business to return to underwriting.
Sajid Javid to keep ‘insurance minister’ role
Former Economic Secretary to the Treasury Sajid Javid will maintain his financial services portfolio in his new role as Financial Secretary, Post understands.
Roundtable: Fraud: Digital the time to react is now
Insurers are slowly starting to embrace a digital future. Now it’s time to grasp the nettle if the industry isn’t to be left behind.
DOA and Healix team up on travel product
David Oliver Associates has developed a white-label facility for brokers and networks to sell travel insurance.
SRA receives 185 requests to enter EIP
A total of 185 law firms have applied to the Solicitors Regulation Authority to enter the extended indemnity period for solicitor’s professional indemnity insurance having failed to secure cover by 1 October.
Expertise Live: Going green
The latest Expertise Live event, held in association with Zurich, focused on real estate, energy and sustainability.
German nat cat loss estimates released
Germany continued to fuel catastrophe losses for insurers and reinsurers in the third quarter, with several underwriters issuing estimates from hailstorms in the region.
Sovereign Capital acquires Kindertons
Private equity firm Sovereign Capital has acquired Crewe-based accident management services provider Kindertons for an undisclosed sum.
DLG to sell closed UK life book to Chesnara
Direct Line Insurance Group has agreed to sell its closed UK life insurance book to Chesnara and will collect a £23m dividend from the business.
Thailand's catastrophe fund 'returns rates to normal'
Payungsak Chartsutipol, chairman of the board of the National Catastrophe Fund, has claimed that Thai insurance rates have returned to a normal level thanks to the fund.
Premiums rising for shipowners, according to Tysers
Declining investment income is expected to trigger an average premium rise of 7.5% for shipowners, according to Tysers’ annual report on protection and indemnity clubs.
Ace launches environmental risk taskforce for Continental Europe
Ace Europe has appointed Nicolas Givelet as risk engineer in its Continental Europe environmental insurance team as it continues to invest in building its environmental risk expertise.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
UK GI business volumes up Q3 says PWC
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
Lloyd's left in the shade by company market in reputation report
Catlin has been nominated the best known underwriting business and Zurich the fastest improving business, following a Gracechurch Consulting poll of more than 450 London market brokers.
HSB recruits from Aviva for construction lead
HSB Engineering has swooped for Aviva’s trading underwriting manager in construction, power and engineering.