Insurer
ABI has 'no plans to bring Flood Re forward'
The ABI has rejected calls to bring the implementation of Flood Re forward in the wake of severe flooding over the Christmas period.
SRA to release figures on solicitor closures next week
The number of solicitors shutting up shop after failing to obtain professional indemnity insurance is likely to be confirmed next week, the SRA has said.
Female motorists unlikely to suffer renewal hikes, claims AA boss
Falling premiums within the motor market will mask the worst effects of the European Court of Justice’s gender ruling for young women renewing their car insurance in 2014, according to the AA’s director of insurance.
Home insurers expected to pass on 2013 savings to consumers
Home insurance premiums could fall by at least 5% this year as home insurers pass on the benefits of achieving their best set of results in almost two decades.
Liberty Syndicate non-exec Youell retires
Richard Youell has retired from his role as non-executive direction of Liberty Syndicate management, with former Allianz boss Chris Hanks replacing him.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Brokers should brace for more reforms in 2014
Brokers should be prepared to have their earnings hit even harder in 2014 as the Financial Conduct Authority concludes its market study into insurance add-ons according to a legal expenses insurer.
Perkins replaces Gienal as Zurich COO
Zurich Insurance has announced the appointment of Barry Perkins as chief operating officer, UKGI & shared services, effective from 1 January 2014.
Trading breaches could cost Aviva Investors £92m
Aviva’s asset management arm Aviva Investors has confirmed £92m has been set aside for potential compensation payments to customers following trading breaches by two former employees.
Amlin Singapore launches P&I business with Raets Marine
Amlin Singapore has launched a shipowners’ protection and indemnity (marine liability) business and local charterers’ liability insurance in Singapore, in conjunction with Raets Marine.
Scottish Future: A significant milestone
The debate on Scottish independence passed a significant milestone on 26 November, when the Scottish Government published its Guide to an Independent Scotland.
Your say: What has changed?
I’d like to add my thoughts to the recent debate regarding an apparent new found hesitance among insurers when instructing investigators and particularly surveillance experts.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Ecclesiastical appoints Jamie McNab as group casualty underwriter
Ecclesiastical has appointed QBE’s Jamie McNab as group casualty underwriter.
Hampden Underwriting acquisitions increase underwriting capacity to £20.2m
Hampden Underwriting has acquired two further Lloyd’s limited liability members taking its total underwriting capacity to £20.2m.
DAS calls for transparency on add-ons in response to CC report
Legal expenses provider DAS has called for greater transparency of the value for money add-on products can offer customers in the wake of the Competition Commission report into private motor insurance released this month.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Allianz mulling over Supreme Court subrogation appeal
Allianz says an appeal to the Supreme Court is “more than likely” following the dismissal of its RSA subrogation appeal.
L&G invests £159m in infrastructure
Legal & General has invested £159m in acquiring 13 care homes and the building of the new Royal Liverpool University Hospital.
Allianz and Covéa subrogation appeal against RSA dismissed
An appeal from Allianz and Covéa against last year’s High Court RSA subrogation verdict has been dismissed by the Court of Appeal this morning.
Hiscox given green light for York office
Hiscox was granted full planning approval for its proposed York headquarters at a council meeting last night.
MetLife expands in Malaysia
MetLife has reached an agreement with Malaysia's AMMB Holdings, which owns the fifth largest bank in Malaysia, to form a strategic partnership involving AmLife Insurance Berhad and AmFamily Takaful Berhad.
Ex-Brightside boss Banks launches van insurance brand Footprint
Former Brightside chief executive Arron Banks has launched specialist standard and non-standard van insurance brand Footprint Insurance, having enrolled an experienced management team led by Lance Testa.