Insurer
Airmic 2013: Aon throws down innovation gauntlet
Aon group president Stephen McGill has challenged the insurance industry to step up its work on innovation.
Penny Black's insurance week
Penny is no stranger to office high jinks, but even she was surprised to learn this week of the stunt pulled by one legal expenses insurer.
Insurance Charities: Insurers back depression support site
The Depression Alliance is developing a web-based micro community called ‘Friends in Need’, targeting insurance professionals.
Market Moves: Broking sector has quiet week apart from a new COO role created at BMS
The recruitment merry-go-round produced a mixed bag of hires this week, with Covéa taking a lead role on behalf of insurers. The broking sector, usually a hive of market hiring activity, threw up little of note – although BMS Group proved the exception…
View from the Top: London must lead the way
Innovation is key if the London market is to retain its global importance to the industry, says Nicolas Aubert.
Marsh report points to rising European trade credit insurance rates
Increasing risk and bad debt losses are fuelling rising European trade credit insurance rates, according to a recent Marsh paper.
Europe's trade credit insurance premiums on the rise
According to insurance broker Marsh, there has been a large increase in claims notifications in Europe since the last quarter of 2012.
Pay for Quindell executives more than doubles in 2012
The amount pocketed by Quindell Portfolio executive duo Rob Terry and Laurence Moorse more than doubled last year, according the outsourcer’s annual report.
Enstar deal will not impact financial strength of Atrium syndicate
The acquisition of Arden Holdings subsidiary Atrium by Enstar will not impact the financial strength of managing agent Atrium Underwriter’s Syndicate 609 at Lloyd’s.
Foreign owned insurers can use yuan as capital
China's State Council has changed the rules for foreign-owned insurers in the country by allowing them to use yuan as capital from 1 August.
Zurich seeks quick sale in Malaysia
The Swiss insurer needs to sell its 40% stake in MCIS Zurich after an acquisition in 2011.
Airmic 2013: Airmic targets basis clauses
Airmic will focus much of its efforts in 2013 helping its members battle technical issues such as basis clauses.
Airmic "confident" global compliance database will be ready in 2014
Airmic expects to be able to offer risk managers access to a global compliance database “sometime during 2014", the risk management association's chief executive officer John Hurrell said today.
Hiscox names Pinchin as reinsurance CEO
Hiscox has appointed its Bermuda chief executive Jeremy Pinchin as the leader of its newly combined reinsurance businesses.
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Ex-Marsh pair form leadership team at Integro UK subsidiary
New York-based international insurance brokerage Integro has appointed a leadership team that will oversee the firm’s UK operating subsidiary, Integro Insurance Brokers.
Towergate network acquisitions director to join Bluefin
Bluefin has appointed the director of acquisitions for Towergate’s network division Paul Roberts to head up its own acquisition strategy.
L&G blocked on CFO appointment
Legal and General have been barred from appointing their choice of chief financial officer, according to reports.
Product recall: Total recall cover
After the horsemeat scandal thrust product recall insurance into the limelight, do insurers need to rethink how they offer such cover?
Drive Like a Girl joins Confused's motor insurer panel
Confused has added telematics player Drive Like a Girl to its panel of motor insurers.
Jackson reforms: Are they working?
A raft of civil justice reforms came into force in April that is set to reduce claims costs in personal injury cases.
FERMA executive manager elected to association's board
Florence Bindelle, executive manager of the Federation of European Risk Management Associations), has been elected to the board of the European Society of Association Executives.
R&Q agrees PTP with Finnish mutual
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.