Insurer
Cruise ship disaster costliest in maritime history
The Costa Concordia crash could be the biggest insured loss in maritime history.
RSA relocates in Ipswich
RSA has opened a new site in Ipswich in a bid to increase broker access to trading staff.
Ex-Jubilee chief returns to market
Andreas Loucaides has been appointed syndicate operations and development director at a Lloyd’s syndicate – A G Dore & Others (Syndicate 2526) – less than a month after his sudden departure from Jubilee.
Sterling targets northern business with new Manchester office
Sterling Insurance has confirmed it will open a regional branch in Manchester by the end of March 2012.
Ink snaps up Adding1’s commercial wholesale book
Ink Insurance has bought Adding1’s property, liability and motor fleet based business and confirmed that CEO Julio Rodilosso will be retained in a consultancy role.
Ireland's Injuries Board sets good example
The UK should look to Ireland for a lesson on tackling the problem of increasing insurance premiums, according to Catherine Barton, partner in the insurance team at Ernst & Young.
Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than…
LV creates 50 jobs in Bristol
LV has announced it is to create 50 new jobs in the first quarter of 2012 through expanding its Bristol operation.
i-Digital and Jubilee claim industry first for download cover
Underwriting agency i-Digital Insurance and Lloyd’s insurer Jubilee have released a new policy to cover downloaded content held on computers, smartphones, mobiles devices and any other form of electronic equipment.
Groupama chief flattered to be for sale
Groupama’s chief executive officer, François-Xavier Boisseau, has described being put up for sale as both a “disappointment and good surprise. It is quite flattering to be for sale because you are considered a very valuable asset.”
Groupama in the UK up for sale
Groupama is to sell its UK operation as the French insurer scrabbles to raise funds to shore up its EU debt position.
Groupama broker insists business as usual despite sale
Graham Lark, chief executive of Lark Group, has told Insurance Age he believes it is business as usual for the broker following the news of Groupama putting its UK business up for sale.
Motor premium hardening grinds to a halt
Motor insurance premiums rose by only 0.05% for the average comprehensive policy in the final quarter of 2011, a survey by Confused.com and Towers Watson has revealed.
NIG wins events underwriting contract from Axa
NIG has won the contract to underwrite the core business of Event Insurance Services (EIS) from incumbent provider, Axa.
Mitsui Sumitomo appoints ex-Chubb leader
Mitsui Sumitomo at Lloyd’s has appointed Steve Ranzetta as class underwriter to target the UK and international accident and health market.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Capita appoints new chief of service provision from FSA
Capita Commercial Insurance Services has appointed Greg Carter as director of client services, reporting to Brent Escott, head of the general insurance division.
Allianz stakes claim for industry first with broker scholarship scheme
Allianz Commercial has launched a new scholarship programme to support staff at chartered brokers in achieving their Chartered Insurance Institute (CII) Diploma in Insurance.
Sean Quinn could face 12 year business ban in Republic
Sean Quinn’s bankruptcy declaration has been rejected by the High Court in Belfast following a challenge by the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank.
New chief for Lifestyle Services Group
Lifestyle Services Group has appointed former Combined Insurance chief, Chris Harrison, as its new CEO.
Aspen achieves chartered status
Aspen Risk Management has been awarded corporate Chartered Insurers status by the Chartered Insurance Institute.
Household market predicted to strengthen
Home insurance premiums could rise by up to 10% in 2012 according to Deloitte.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.