Insurer
Products: Arbiters of etiquette launch HNW product
A new player has entered the high net worth sector with the launch of Debrett’s Prestige Insurance providing comprehensive buildings and contents cover “for discerning home owners”.
Gender pay gap wider than ever
Study finds female junior insurance executives get paid more than males but gap remains at senior level
Brokers still pessimistic over commercial market
London Market KPMG survey predicts consolidation and rate hardening
How to… move a scheme
▶ Brokers have long regarded schemes as an opportunity to mine a niche for the benefit of their business. However, once they have taken the time to investigate a market, pull together the product and persuade an insurer to work together in a partnership,…
Sizing up the market
If the accepted wisdom were to be believed, these days, commercial clients simply buy on price and everything that a broker brings to the table, such as risk management and market knowledge, is immaterial. But two recent, separate, surveys of SMEs and…
Market moves: Making moves in the Midlands
The Midlands was the place to be this month with numerous appointments and promotions at all levels, with Commercial Express in particular the source of a few moves. Lorica and Oxford Insurance Brokers also added several employees to their teams.
Right move, wrong time?
Axa’s ambition to grow in the current soft market is high risk but there may be some sound strategic reasons why it is trying, explains Tony Cornell
Data, data, everywhere…
At last, Tony Bloomer might be getting a universal phone charger, but when will the industry have a standard approach to customer data?
OFT continues to target private motor over competition concerns
The Office of Fair Trading (OFT) has opened a consultation aimed at addressing competition issues in the private motor market.
Andrew Torrance succeeded by former Swiss Re chief at ClimateWise
ClimateWise, the global insurance industry’s leadership group to reduce the risks of climate change, has appointed former Swiss Re CEO John Coomber as its new chairman.
Axa, Allianz and QBE in the frame for HSBC
Allianz and Axa are among the potential bidders for HSBC’s general insurance business, according to reports.
Amlin makes senior board appointment
Amlin has appointed Sir Alan Collins as an independent non-executive director with effect from 14 November.
APC launches two new products
APC is to replace its current property owner’s products with new residential and commercial landlord’s products.
Novae enhances online product offering
Novae has added three new areas of cover to its online offering to brokers.
ABI issues guidance on company boards and pay
The Association of British Insurers (ABI) has published its first report on Board Effectiveness and issued revised principles of executive remuneration.
ECIC targets regional growth
The Electrical Contractors’ Insurance Company (ECIC) has recruited John Flaherty as a regional business development executive for the Midlands, Wales and South-West England.
Cigna acquires FirstAssist
Global health insurer Cigna has agreed to buy FirstAssist Insurance Services from Barclays Private Equity.
Liberty adds to European management
Liberty International Underwriters in Europe (LIU Europe) has appointed Guy Williams as head of D&O and financial institutions (FI).
A.M. Best warns of need for rate rises
A.M. Best has warned that UK insurers’ ability to subsidise weak accident-year returns with reserve releases has been reduced and called for corrective pricing.
SSP appoints insurer division MD
Stephen Lathrope has been appointed as managing director of SSP's insurer division.
Boardroom shuffle at Ryan Speciality following Jubilee purchase
Ryan Specialty Group (RSG) has announced a number of board changes following the completion of the Jubilee Group Holdings acquisition.
Equity targets large accounts with dedicated team
Equity Red Star has established a national broker relationship management team dedicated to its largest broker accounts.
Consolidation on the way in robust London Market, says KPMG
Research from KPMG has found that the London insurance market is holding up well despite the high volume of large claims it has faced.
Trust more important than price when choosing insurer
Brand recognition is a more important factor than price when consumers choose an insurer on aggregators, according to new research.