Insurer
100mph+ winds forecast to batter Scotland
Winds of more than 100mph have been forecast for Scotland later this week, with the Western Isles, Orkney and the north and north-west of the country set to bear the brunt of the weather.
European insurers expected to continue bolt-on acquisitions in 2015
Dividends and capital returns are likely to remain the hot topic for the insurance industry over the next twelve months, according analysts at German investment bank Berenberg.
R&Q completes Norwegian portfolio transfer
Randall & Quilter has completed a portfolio transfer from Norway-domiciled captive Aker Insurance to R&Q's EU run-off consolidator in Malta.
Quinn sees legacy liabilities portfolio pass to Catalina
Catalina Holdings has reached an agreement with Quinn Insurance for the portfolio transfer of legacy insurance liabilities.
Canopius recruits from Delta Lloyd for renewable energy team
Canopius has unveiled a new renewable energy division following the recruitment of a team of specialists from Delta Lloyd.
Toscafund boosts shares in Quindell north of 5%
Hedge fund Toscafund has boosted its stake in beleaguered outsourcer Quindell to 5.4% of the share capital after purchasing an additional 1.9 million shares in the firm.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
Wang leaves Marsh for XL China aerospace role
XL is offering aerospace insurance in China and has appointed former broker Catherine Wang as an underwriter.
Former Axa marketing chief heads digital start-up
Matthias de Ferrieres has left his position as chief marketing officer, general insurance, Axa Asia to head up start-up Stark Group.
Gable stock price climbs 4% on takeover rumours
Rumours of an imminent takeover have boosted Liechtenstein-domiciled Gable’s share price in trading on the London Stock Exchange.
European insurers paid out £2bn per day through 2013
Insurers across Europe paid out an average of £2bn (€2.6bn) every day in claims and benefits through 2013, according to new figures from the European Insurance and Reinsurance Federation.
FOS forecasts fee freeze for 2015/16
The Financial Ombudsman Service has announced plans for a freeze on standard case fees and levies for 2015/16 as it lowers targets for overall income in a consultation document published today.
Norway's Gard on P&I cover for Hoegh Osaka
Norwegian insurer Gard has confirmed it is the P&I insurer for the Hoegh Osaka cargo ship that has run aground off the Isle of Wight.
Acappella launches at Lloyd's
Willis-funded Acappella Group Holdings has confirmed its launch as an insurance holdings company.
UK residents and businesses braced for 'hazardous weather'
The Met Office is warning members of the public and emergency responders of “severe or hazardous weather” ahead of the expected onslaught of a trans-Atlantic storm.
Berkshire Hathaway opens in Hong Kong
Berkshire Hathaway Specialty Insurance has opened in Quarry Bay, Hong Kong after gaining a license to write insurance in the SAR.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
AIG makes senior Asia-Pacific leadership changes
Mike Raines will move from AIG's Singapore unit to become CEO of AIG New Zealand.
20 Hong Kong insurers join HKFI graduate training initiative
20 insurers have teamed up with the Hong Kong Federation of Insurers to offer an insurance diploma for young graduates.
China's Fosun buys US insurer
Fast growing Chinese investment group Fosun has bought US property and casualty insurer the Meadowbrook Group for $433m (£284m).
Alternative capital to target property, business interruption says Aon
The role of capital markets in reinsurance is likely to continue to grow, according to Aon, which has forecast that investors may seek to expand into new classes of business.
Rural launches Darlington office with six Towergate recruits
Rural Insurance has opened a new Darlington office led by six underwriters from Towergate-owned BIB.
Prosight agrees partnership with Corgi Home Plan
Prosight Specialty Underwriting has been appointed by Corgi Home Plan to underwrite its home maintenance products.
IFB hires two for strategy implementation
The Insurance Fraud Bureau has hired a project manager and a business analyst to contribute to the implementation of its five-year strategy.