Insurer
Plum in Northern Ireland move to grow footprint
Plum Underwriting is expanding its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
Oval secures £43m four year refinance deal
Oval has secured a £43m refinance package to support its growth plans, with Barclays and Lloyds providing the funding.
Paedophile teacher leaves council picking up £300 000 liability excess
North Somerset Council is facing the possibility of paying out £300 000 in insurance excesses professional indemnity claims relating to the victims of a paedophile teacher.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Guernsey's First Central considering bond issuance to fund growth plans
Guernsey-based motor underwriter First Central Insurance Services is looking into a bond issuance to help it raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
First Central considering bond issuance to help firm to go 'next level'
Guernsey-based motor underwriter First Central Insurance Services is considering a bond issuance in a bid to raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
Editor's comment: The end of guilt by association?
When they were young, insurers got in with the wrong crowd.
Plum eyes further expansion after Northern Ireland move
Plum Underwriting has moved ahead with plans to expand its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
DirectAsia.com enters Hong Kong motorbike market
DirectAsia.com is entering the Hong Kong bike market by offering a reimbursement of the price difference if bikers can find cheaper motorcycle insurance elsewhere.
Willis says cat bond market needs to expand
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
L&G hires replacement customer services director
Legal & General has appointed Vanessa Sallows as customer services director for group protection, replacing Steve Ellis who has moved to another role within the company.
Travelers reports 91% increase in net income for Q2
US insurer Travelers today reported net income of $925m, or $2.41 per diluted share, for the quarter ended June 30, 2013, compared to $499m, or $1.26 per diluted share, in the prior year quarter.
Industry agrees to 75% payout for mesothelioma scheme
Employer’s liability insurers have agreed to pay 75% of civil compensation for mesothelioma victims that cannot trace their insurer after debate in the House of Lords.
Insurance veteran Keith Fenwick to chair equity firm
Keith Fenwick has been appointed chair of Fusion AI Partners’ advisory board.
S&P: G-SII label will have mixed long-term impact on ratings
A report by Standard & Poor’s says the designation for global systemically important insurers has both positive and negative implications for insurer’s ratings in the long term.
Penny Black's Insurance Week - 25 July 2013
Preventing a breach of data is high on the agenda for most companies in the insurance industry, but it seems London’s cabbies are the real protectors of sensitive information.
The Great Debate: Your views on industry topics
This week Post asked: The AA says uninsured driver fines will fail - what should be introduced instead?
Career development: Communication failure costs UK business
Failing to tell staff in financial services and insurance companies about the benefits on offer, such as private health insurance and income protection, is costing the sector £2.7bn every year.
Market Moves: Cox joins Ecclesiastical management board, while Bluefin’s Philip moves up again
Both insurers and brokers completed their fair share of high-profile hires this week. Ecclesiastical took top billing among insurers, with the appointment of Brit’s former chief executive Ray Cox as a board member, while among brokers Bluefin recruited…
Ergo's 'AA-' financial strength rating affirmed by Fitch
Germany-based insurers Ergo Life and DKV have had their insurer financial strength ratings affirmed at 'AA-' by Fitch.
Redomiciling: Insurer’s paradise?
With continued uncertainty over Solvency II, could more firms be tempted to follow the lead of Randall & Quilter and split their tax and regulatory domiciles?
Law Society will not abandon controversial campaign
Law Society president Nicholas Fluck has “no plans to abandon” the organisation’s recent personal injury advertising campaign following a call from the Association of British Insurers to withdraw it.
Household: On shaky ground
With cracks beginning to show in the profitability of the household insurance market, is the sector set to crumble or are its foundations solid enough to see it through?
In Series: Claims: Joining forces
Bilateral agreements and a better use of technology can help insurers operate more efficiently when it comes to subrogation.