Insurer
Castleacre launches high net worth index
Castleacre has produced an average price index of household insurance for High Net Worth individuals to help clients identify whether their own insurance premiums are in-line with current market trends.
PwC research points to dip in M&A activity
Financial services M&A activity underwent a “significant slowdown” in the third quarter of the year but is expected to pick up in the early part of 2012, according to research carried out by PwC.
Mitsui Sumitomo expands Dublin office with new hires
Mitsui Sumitomo at Lloyd’s has continued the expansion of its recently launched Dublin office with the appointments of Brian Moran and Gavin Mullen as senior underwriters.
Hungarian watchdog confirms a 2.7% fall in GWP in 3Q2011
The Hungarian Financial Supervision Authority has confirmed a 2.7% fall in gross written premiums for the Hungarian market in the third quarter.
Mitsui Sumitomo adds to Dublin team
Mitsui Sumitomo at Lloyd’s has appointed Brian Moran and Gavin Mullen as senior underwriters in its Dublin office.
BDMA award winners revealed
Winners of the 2011 Damage Management Awards were presented at a charity dinner which brought the British Damage Management Association Conference 2011 to a close on 1 December.
French floods to cost insurers €800m
The November floods in 16 regions of France look set to cost insurers €800m according to a new report.
Axa Art raises money for charity with art salvage auction
Axa Art Insurance has raise six times the estimated value of damaged art works in a salvage sale to raise money for charity.
Fight for compensation hits the Supreme Court
The long running litigation to determine the asbestos victims “trigger” point for employers’ liability cases has headed to the Supreme Court.
Study reveals supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
Product innovation in European insurance firms is widespread
Product innovation in non-life insurance is widespread according to a new report.
Risk of conflict with ABS
The move by some legal expenses firms to develop alternative business structures under the Legal Services Act creates the risk of a conflict between the needs of underwriters and consumers, according to Arc Legal Assistance.
US P&C rates rise after six soft years
US Composite P&C rates have finally risen after six years and eight months of soft market pricing, according to the Dallas-based insurance exchange Market Scout.
Cleaning contractor’s scheme for UK brokers launched
Gleaming Wholesale is a new scheme dedicated to the cleaning industry for UK insurance brokers and intermediaries, underwritten by Hiscox Insurance.
Japan to set up Asian nat cat insurance plan
Japan is planning to establish a large-scale insurance system encompassing the Asia-Pacific region to cover developing countries hit by devastating earthquakes, typhoons and other disasters.
Torus acquires Starr’s Continental Europe renewal rights
Specialty insurer Torus's syndicate 2243 has acquired the renewal rights to the European business of CV Starr's syndicate 1919.
US P&C losses climb to $38.6bn
AM Best has released its estimates for catastrophe-related losses experienced by the US property & casualty industry through the first nine months of 2011, which show that losses so far have nearly doubled total year-end 2010 losses.
Munich Re receives funding from German ministry for climate change initiative
Munich Re has teamed up with the Caribbean Catastrophe Risk Insurance Facility and specialist microinsurance broker Micro Ensure to develop insurance solutions developing countries vulnerable to climate change.
Aviva falls foul of broadcasting code
Broadcasting regulator Ofcom has ruled that Aviva's sponsorship of ITV's hit drama Downton Abbey strays too close to being advertising.
RK Harrison completes MWA acquisition
RK Harrison Group has completed the acquisition of specialist high net worth broker Mercury West Associates following due diligence and the approval of the transaction from the Financial Services Authority.
XL and Aon launch e-accounting system
The insurance segment of XL Group has launched an e-accounting system with broker Aon.
NIG names three in SME push
Broker-only commercial insurer NIG has appointed area business development managers at its regional headquarters in Bristol, Maidstone and Watford.
IUA calls for market solution to green risks
Market-driven solutions to environmental liability risks should take precedence over possible EU-enforced compulsory financial requirements, the International Underwriting Association has argued.
Slingsby returns to RSA as director of Global speciality lines
Former RSA executive Steve Slingsby is returning to the insurer as programme director for global speciality lines, after a two-year stint at rival QBE.