Insurer
Spanish demand "very weak" across all lines
A decline in insurance demand is being seen across nearly all business lines in Spain, according to Mapfre’s vice chairman Esteban Tejera.
Moors-led management team completes Bollington MBO
The Bollington Group management team has this afternoon confirmed an agreement to buy a majority share in the firm.
Hyperion looks to align global operations following Bloomer appointment
Hyperion has appointed former head of UK litigation at RSA Will Bloomer as general counsel and chief risk officer, as the group seeks to align its worldwide legal, risk management and compliance functions.
90% insurance CEOs anticipate revenue growth
Despite poor economic forecast, 90% of insurance CEOs worldwide are expecting profits to grow, according to PWC’s Global CEO Survey.
Hiscox backs mosque and Islamic school scheme
Niche mosque scheme Faithsure, which is underwritten by Hiscox, has started providing wholesale access through brokers.
Gadget and pet cover more popular than income protection
Pets and gadgets are a higher priority than income protection insurance according to a survey from broker Drewberry Insurance’s annual health and protection insurance survey.
Spanish court quashes €120m fines for "cartel" insurers
Spain's court of appeal for antitrust cases has quashed the €120m fine imposed by the Spanish Competition Commission on six insurance companies accused of price fixing.
Novae in recovery mode following positive trading update
Novae is in "recovery mode" having "turned a corner" by improving its profitability and return on equity according to Westhouse Securities.
RFIB boss looks to the future after overseeing 9% turnover growth
International Lloyd’s broker RFIB Holdings chief executive Jonathan Turnball believes a 9% increase in group turnover to £47.5m last year will serve as a launch pad for further growth in 2013.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.
Lexis Nexis expecting widespread interest in no claims database
Software firm Lexis Nexis are expecting to receive the first two contributions towards its ‘No Claims Database’ this month from insurers.
Manchester Underwriting launches product recall cover
Increased demand for product recall and brand protection products has led London managing general agent Manchester Underwriting to launch its own product set.
Elite Insurance rejoins the ABI
Elite Insurance has rejoined the Association of British Insurers 18 months after parting company with the trade body.
Optimism stalls as hopes for recovery fade
Eight-seven percent of businesses do not expect the economy to recover within the next two years, according to research by QBE.
Towergate names Barclays retail boss Duggan as Network Division CEO
Gary Duggan has been appointed the Towergate network division’s chief executive. He joins the executive committee of the firm and will lead the network business, which comprises Broker Network and Countrywide.
Sterling renews DAS legal expenses partnership
Sterling Insurance has renewed a deal with legal expenses provider DAS to provide legal expenses cover to its customers.
United India sells crop insurance
Publicly owned United India Insurance is now selling crop insurance products as part of a tie-up with Agriculture Insurance Company.
Arista recruits Peake to drive North East push
Commercial lines specialist Arista has appointed a senior commercial underwriter in Leeds as it tries to bolster growth in the North East.
Joint ventures are best plan to target emerging markets, says PWC’s Howe
PWC's new UK insurance lead Jonathan Howe has advised UK insurers to enter joint ventures in order to best access emerging markets and protect themselves in the future.
Amlin-backed cyber risk MGA opens doors
Amlin is to lead capacity provision for a new cyber risks managing general agent.
Fixed costs scheme to reduce liability costs by 50%
The introduction of fixed fees for personal injury cases conducted through the road traffic accident portal could bring the defendants’ costs down by 50%, according to Garwyn.
Blizzard alerts raised on US East Coast
The US National Weather Service has sent out text message alerts to US East Coast residents warning of a blizzard due to hit the region over the weekend.
Beazley brings data breach solution to UK
Specialist insurer Beazley has imported its data breach solution to the UK four years after its US launch.
Happy Year of the Snake
China is a place where feng shui masters are taken seriously. They are all over the newspapers at the moment declaring what the Year of the Snake will mean for the stockmarket and your love life.