Insurer
Gable to underwrite commercial surety bonds
Gable has completed an agreement to underwrite specialist commercial surety bonds within the UK and European Union.
IRM criticises government's 'fingers crossed' approach to risk management
The recent flooding episode has highlighted shortcomings in the government’s approach to risk events according to chairman of the Institute of Risk Management, Richard Anderson.
Beazley Syndicate 623 reports $18.6m total gains increase
Beazley Syndicate 623 reported an $18.6m (£11.1m) increase in its total gains for 2013, rising to $61.4m from $42.8m in 2012.
Bupa posts 8% increase in revenues boosted by acquisitions
Bupa posted an 8% increase in revenues to £9.1bn in 2013, driven by both organic performance and acquisitions.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Insurers face £1.1bn floods and storm bill says ABI
Claims for flooding and storm damage this winter will see insurers pay out £1.1bn according to figures from the Association of British Insurers.
Allianz reveals refreshed single construction cover
Allianz has launched a redesigned construction cover design to ensure that clients undertaking a single construction project meet contractual obligations.
Travelers launches sector-focused mid-sized business products
Travelers has unveiled a new suite of covers for mid-sized businesses in the UK and Ireland branded Industry Edge.
Paymentshield swoops for Swinton’s Fox
Towergate subsidiary Paymentshield has appointed Amanda Fox as insurer relations director.
Allianz announces product partnership with STA Travel
Allianz Global Assistance has partnered with student travel provider STA Travel to provide travel insurance designed specifically for young people and students.
Argo appoints Finch to D&O role
Lloyd’s insurer Argo International has appointed Tim Finch as a D&O underwriter.
Catlin to honour unapproved Access BI policies
Catlin is to honour insurance policies that were issued without approval by underwriting agency Access BI prior to an intervention from the Financial Conduct Authority.
Quindell law firm taking legal action on PI cold call claims
Quindell-owned Silverbeck Rymer is set to take legal action over a recording suggesting the firm is backing the inducement of claims from non-fault accident victims.
Axa inks three year Una deal
Axa has joined the strategic insurer panel of independent broker alliance Una in a new three year rolling deal.
Esure’s results 'resilient' given challenging UK motor market says analyst
Berenberg has called Esure’s 2013 earnings “resilient” while reducing its 2014 premium growth forecast for the insurer by 3%.
Ecclesiastical’s Angell named church operations director
Specialist insurer Ecclesiastical has promoted from within for a new church operations director, replacing the retiring John Coates with its head of relationship management for church business.
GAB Robins expands construction & engineering with senior hires
GAB Robins UK has appointed Andrew McDonald and Mike Hornby to senior adjusting and technical roles as part of the ongoing expansion of its construction & engineering operation.
Draft Solvency II Acts dilute aims of legislators warns Balbinot
The details of the Solvency II regime must be drafted correctly to ensure the legislation does not have negative consequences for insurers and their customers, Sergio Balbinot has warned.
Industry questions FCA proposal that firms should publish claims ratio data
Regulator suggests a range of remedies relating to the sale of add-on products.
Aviva heralded by analysts but fears remain over long-term performance
Insurer’s full-year results reveal reversal of 2012 £2.93bn loss with £2.15bn profit.
CILA rejects fears over asbestos risk to loss adjusters handling flood claims
Expert warns of a ‘high risk’ of adjusters being unwittingly contaminated.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Zurich job cuts to 'primarily impact' Switzerland, UK and Ireland
Following this week's announcement that Zurich is cutting 800 jobs, a spokesman has confirmed that the primary locations impacted by the changes will be Switzerland, the UK and Ireland.