Insurer
Floods minister prioritising storm response alongside insurers
Environment Secretary Owen Paterson has described flood management as “a real priority” as government continues to work closely with local councils and the insurance industry to ensure residents and business owners get the help they need following the…
RSA shares up 6% at close after investigation reports
RSA’s share price has climbed 5.75% over the course of Monday’s trading following reports this weekend that a PWC investigation will conclude issues in its Irish business remain isolated.
Axa retains top spot in AM Best insurer rankings
French insurer Axa has held on to the top spot in the AM Best ranking of largest insurers by net premiums written, with Allianz climbing into third place.
Moody’s predicts strong growth for Asian P&C market in 2014
Ratings agency Moody’s is predicting strong growth in the Asian property and casualty insurance sector for 2014 with moderate growth forecast for the European region.
FCA planning Co-op Bank probe
The Co-operative Bank is facing a Financial Conduct Authority, the regulator revealed today.
Canopius to provide Arista with motor capacity
Commercial lines underwriting specialist Arista Insurance has reached an agreement with Canopius that will see the latter provide Arista’s motor capacity.
ECIC targeting self-build homes with Sennocke deal
Niche insurer Electrical Contractors Insurance Company has prepared for a forecast spike in numbers of self-build and custom build homes in the UK with a deal to underwrite Sennocke’s specialist self-build site insurance product.
Ageas and Vauxhall announce van insurance offering
Ageas and Vauxhall have extended their partnership to offer van insurance.
Willis hails 30% increase in solicitors' PI market share
The UK legal services practice of Willis Group has grown its market share of the solicitors’ professional indemnity insurance market by around 30%.
Woollam takes on commercial distribution role at UK General
UK General has appointed former NIG director for key accounts Chris Woollam as commercial distribution and strategy director.
Axa restructures Manchester branch
Insurer Axa has restructured its Manchester branch in a bid to better support local brokers.
Tokio Marine launches liability cover for freighters
Tokio Marine Europe has launched a liability insurance product for companies in the freight and warehousing sectors, supported by regional underwriting throughout the UK.
UIA selects RDT solution to replace legacy systems
UK-based insurer UIA has selected technology provider RDT’s landscape solution following a comprehensive market review.
Insurers cautious on Arctic voyages says LMA
Underwriters in the Lloyd's market would not be surprised to see proposals for cruise ships transiting Arctic routes to travel in pairs, the Lloyd's Market Association said this week.
Restoration work gathers momentum as EA issues flood warning
Residents and business owners in the South West, Oxfordshire and Dorset have been urged to prepare for more flooding following torrential rain and strong winds this morning.
Mega-yacht portfolio growth leads to R&Q marine MGA capacity boost
The specialist global managing general agent platform of Randall & Quilter has made it possible for R&Q Marine Services to offer yacht insurance buyers immediate capacity to insure vessels for up to €235m (£195m).
Close to 100 000 Staysure policyholders at risk of hacking
Staysure has warned 93 389 customers that some of their sensitive bank card details may have been stolen after the travel insurer's IT security was breached.
Direct Line deploys emergency response vehicle to Gloucester
Direct Line has mobilised its ‘Charlie’ emergency response vehicle to assist flood stricken customers in Gloucester.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
Lutine held by Direct Group following transfer of Jubilee syndicates
Direct Group is to retain Birmingham-based Lutine Assurance Services as its strategic protection provider to the intermediary market.
Caravan Guard appoints Arc Legal for specialist schemes
Arc Legal Assistance has been appointed by broker Caravan Guard to provide legal expenses insurance schemes for its touring caravans, holiday caravans, park homes and holiday homes business.
Environment Agency warns of 'danger to life' in 21 flood zones
The Environment Agency has issued 21 severe flood warnings across the UK , noting that storms hitting the UK could threaten lives locally.
Johnson to take on Davey's EMEA role at FM Global
FM Global has confirmed that Chris Johnson, former senior vice president and division manager for Asia Pacific, will take on the EMEA division manager role vacated by Kenneth Davey.
Charles Taylor appoints Creasy as non-exec
Charles Taylor has appointed former Kiln chairman Edward Creasy as a non-executive director with effect from 1 January 2014.