Insurer
MAST offers security product for smaller yachts
Maritime Asset Security and Training has launched a security umbrella service offering Superyacht grade security services, training and systems to the owners of smaller yachts from 16m – 40m.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
IUMI Preview: Charting a course
With the sector suffering major losses, long-term sustainability is high on the agenda at this year’s International Union of Marine Insurance conference. Can the market navigate the choppy waters?
Legal Update: Social Care: Unprecedented social care and abuse cases leave insurers with plenty to consider
In the past two weeks the social care and abuse landscape has exploded. Roy Woollard looks at the legal issues and their impact on insurers
Piper Alpha: 25 years on
A quarter of a century on from the Piper Alpha oil platform disaster, how has the industry learnt from the difficulties it faced in the aftermath – and what has been done to stop such a tragedy occurring again?
Penny Speed meets... Barrie King, Branch Manager, Birmingham and Bristol, Axa
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Penny Black's Insurance Week - 12 September 2013
Penny was fascinated to see Scottish knitwear brand Lyle & Scott announce a bold new strategy for choosing its next CEO - Twitter.
Berliner exit leaves solicitors in the lurch
Solicitors seeking professional indemnity cover have been dealt another blow after German insurer Berliner warned it may be unable to take on any risks for the 1 October renewal.
Allianz Global Assistance secures AA- rating by S&P
Standard & Poor’s has given Allianz Global Assistance an AA- rating with a stable outlook.
Brightside dismisses Markerstudy offer
Brightside directors have said they see no need in proceeding with offer discussions with Markerstudy after the Gibraltar-based motor insurer reduced its offer by at least 5p per share.
CII publishes two ethical guides
The Chartered Insurance Institute yesterday launched two ethical guides with a third due to be published later this year.
Asia-Pacific region had average COR of 103% from 2008 to 2012
Aon Benfield research has found 32 of the top 50 insurance markets have a five year (2008-12) average combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
LeapFrog's second fund targets 'emerging consumers' in Africa and Asia
LeapFrog, an emerging markets fund manager, has so far raised $204m to invest in LeapFrog Fund II to focus on eight markets in Africa and Asia.
Sabre bought by private equity group
Private equity group BC Partners has acquired a controlling stake in Sabre Insurance.
Insurers braced for Isle of Sheppey crash claims
Insurers are expecting a steady influx of claims following the Isle of Sheppey crash last week, which involved more than 130 vehicles.
Insurance Technology Awards 2013: Five days to go until entry D-day
There are now just five days to go until entries close for the Insurance Technology Awards 2013.
Lancashire shareholders back Cathedral buy
A £266m acquisition of Cathedral Capital looks set to go ahead after shareholders of Lancashire Group voted overwhelmingly in favour of the deal.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Xchanging pilot boosts RSA capital efficiency 80%
RSA has seen its capital efficiency soar after entering into a pilot programme with Xchanging’s Netsett net settlement platform.
Allianz distances itself from blue-chip hacking scandal
Allianz UK has sought to distance itself from the so-called blue-chip hacking scandal after The Times named the insurer as one of the organisations on the list of firms who used rogue private investigators.
Ex-Axa director Hector to lead Covéa's southern operation
Covéa Insurance has appointed Keith Hector to the newly created position of head of regions for the south.
FCA warns against policy from unlicensed New Zealand insurer
The Financial Conduct Authority has found a home insurance policy from an unlicensed New Zealand insurer has been sold to UK consumers through an authorised general insurance intermediary.
Chen to chair Zurich's China business
Johnny Chen is to switch roles at Zurich from CEO of Asia-Pacific to chairman of Zurich's life and general insurance business in China.
AIG reviews legal panel
AIG is set to kick off a review of its external legal advisers across the Asia-Pacific region, as the insurance giant sizes up a potential merger of its corporate and claims panels.