Insurer
Gibraltar aims to become ILS hub within EU
The government of Gibraltar has unveiled plans to make the territory an insurance linked securities destination within the European Union.
Aon's London mining boss Gilbert to join BMS Group
BMS Group has appointed the head of Aon’s London mining business Eddie Gilbert as divisional director of BMS Risk Solutions.
Elite plots expansion with recruitment of 10 new employees
Elite Insurance is to expand via the appointment of 10 new employees across claims, reinsurance, IT, administration, underwriting and operations.
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
Quindell a step closer to securing £300m of annual business
Quindell has confirmed it has secured more than half of the remaining £100m of £300m tied up in late stage negotiation for new contracts.
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
Hester reportedly plotting £350m share placing
RSA chief executive Stephen Hester is reportedly looking to investors to raise as much as £350m for the insurer in an emergency cash call.
Insurer risk management increasingly reliant on data
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
Biba members to access Beazley event scheme
Members of the British Insurance Broker’s Association will be given access to a bespoke event insurance scheme provided by Lloyd’s insurer Beazley as part of a new deal.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.
IUA begins 'most extensive' London company market survey
The International Underwriting Association has begun research for its 2014 London Company Market Statistics Report designed to provide analysis of the market's premium income.
RSA unleashes pet claims management system
RSA has today launched a new pet claims management system in a bid to enhance its customer service.
Brit achieves record COR following benign cat year
Brit Insurance chalked up a record combined operating ratio of 85.2% in its second full year since turning its focus to global specialty underwriting at Lloyd’s.
Aviva appoints CFO in Asia
Ken Rappold has been appointed as regional chief financial officer of Aviva Asia.
Appeal court's 'landmark decision' alleviates PI market pressure
The Court of Appeal’s decision to rule against the right of claimants to accept a pay-out awarded by the Financial Ombudsman Service before suing for the balance of loss in court will boost the embattled professional indemnity market, according to law…
Claims Portal service heads to tender
Claims Portal Ltd has invited suppliers to tender for the development and hosting of the claims portal.
Fraudster arrested in dawn raid receives suspended sentence
A fraudster who was arrested by the Insurance Fraud Enforcement Department during a dawn raid attended by Post received a suspended prison sentence at the Old Bailey today.
Beazley highlights lack of personal accident cover at Winter Olympics
Up to half of the 6000 athletes currently competing at the Winter Olympics in Sochi could be doing so without adequate personal accident insurance, according to Beazley.
Insurance lessons from the Reverend
I've been waiting for commentators in the press to ask questions about what the revelations surrounding the Reverend Flowers late last year has meant for our industry. But so fat, there appears to have been silence on the subject.
Flood Re exceptions 'perverse' says Masojada
Hiscox chief executive Bronek Masojada has claimed that his insurer is keen to see all Flood Re exemptions abolished, not just those for homeowners at the top end of the council tax range.
One in six households face Flood Re exclusion, claims Hiscox
Hiscox is seeking urgent talks with government ministers ahead of the Water Bill passing through parliament, after claiming one in six households are currently excluded from Flood Re.
African and Middle East terrorism on 12 month surge
Terrorist and insurgent attacks across Africa and the Middle East have rapidly increased in number over the last twelve months according to figures from IHS Jane’s terrorism and insurgency centre.
AIG axing 3% of global workforce
US insurance giant AIG is planning to cut about 3% of its global workforce, primarily in its property casualty unit, according to reports, in spite of full year profits of almost triple last year’s equivalent figures.