United Kingdom (UK)
ABI agrees UK flood cover extension
The Association of British Insurers today confirmed to the government that they will continue to voluntarily meet their commitments to offering flood insurance for an extra month after the Statement of Principles expires on 30 June.
UK P&I club posts combined ratio of 104%
The UK P&I Club produced a surplus of $9.5m, for the year ended February 2013, increasing its free reserves and hybrid capital to a new high of $494m.
AGCS appoints technology risks underwriter
Allianz Global Corporate & Specialty has appointed James Tuplin as a technology risks underwriter within the financial lines team.
Liberty Europe adds warranty & indemnity and litigation buy-out cover
The financial lines division of Liberty International Underwriters Europe, part of Liberty Mutual Insurance Group, has launched a warranty and indemnity policy and a litigation buy-out policy.
BVI sees captive flight
The British Virgin Islands has seen its popularity as a captive destination decline over the last few years, according to a report by research firm Timetric.
Harnessing digital media in the claims process
Luigi van Geest discusses how insurance companies can harness the power of digital media to provide better customer service at the critical moment a claim is made.
Generali opens Global Corporate and Commercial unit
Operations have begun at Generali’s Global Corporate & Commercial business unit, a platform established to integrate insurance services for medium and large multinationals.
Survey shows execs unclear on D&O risks
Regulatory investigations and enquiries, criminal penalties, and anti-corruption legislation, are among the top concerns for directors and officers, according to a new survey by broker Willis.
Chubb Europe reshuffles financial lines team
Chubb Insurance Company of Europe unveiled two senior finanical lines appointments today.
All Balva licences suspended following "deficiencies"
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licences issued to AAS Balva.
Latvian watchdog suspends all Balva licences
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licenses issued to AAS Balva.
APC launches broking team for Europe, UK and international risks
Commercial insurance underwriting agency, APC, has launched a London market broking team to place risks for regional brokers that cannot be facilitated under its regular binding authorities.
Ace UK & Ireland swoops for Chubb casualty manager
Mark Roberts has been appointed casualty manager for Ace UK & Ireland as it invests in building its liability insurance capabilities across the region.
Industry divided over Eiopa's Solvency II guidelines
Industry players have been divided in their response to the draft Solvency II guidelines released by the European Insurance and Occupational Pensions Authority.
Prudential fined £30m over failed AIA bid
The UK's Financial Service Authority has fined Prudential £30m for failing to report the AIA acquisition plans to the regulator.
Kilpatrick appointed global markets exec for Dual International
Dual, the underwriting arm of Hyperion Group, is entering the next phase of its restructure following a strategic review.
Cooper Gay poaches JLT professional risks specialist
Independent broker Cooper Gay has appointed Graham Dick as a director of its professional risks division.
JLT posts 7% revenue increase in 2012
British broker JLT posted revenues of £880.1m (€1,018.7m) for the full year 2012.
Kennedys hires Clyde & Co energy and construction partner
Kennedys has grown its international energy team with the hire of Graeme Baird from Clyde & Co.
Marsh unveils UK and Ireland large corporate unit
Marsh has created a single division to serve mid-size and large corporates across the UK and Ireland, along with multinational clients in the region.
Clements grows European footprint with Italsure acquisition
Insurance service provider Clements Worldwide has acquired UK-based expat insurer Italsure.
Steve Gordon joins Henderson as marine director
Marine specialist Steve Gordon has been appointed as associate director by Henderson Insurance Brokers.
France lags European neighbours for aggregator use and online sales
Aggregators are the fastest-growing distribution channel for motor and household insurance in Europe while online purchases have grown rapidly across the continent, according to research from Finaccord.
Three Mapfre offices become branches
Mapfre Global Risks' representative offices in Germany, France and the United Kingdom are to become fully fledged branches.