Insurer News – Page 282
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News
Losses continue at Lorica as broker makes more hires
Broker reiterates its commitment to return to profitability in 2015
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XL to pay £2.79bn for Catlin as companies agree merger terms
Stephen Catlin (pictured) to become executive deputy chairman of combined company
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Quindell legal services boss Phil Hodgkinson departs
Hodgkinson will remain as a consultant for a short time
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Towergate to close Hexham office
Staff at Towergate-owned Border Counties Insurance Services offered roles in Newcastle office
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Nearly half of SMEs do not have adequate storm cover
Over the last five years 51% of SMEs have experienced flood, wind or storm damage
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Gallagher construction manager joins MGA
Ricky Brown will work in the renewals team of Thames Underwriting
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City Minister: tell us what is holding back growth
Andrea Leadsom reaffirms government’s commitment to growing UK insurance industry
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Catalina buys Quinn run-off book
Bermuda-based run-off buyer acquires £363m of failed Irish insurer’s old liabilities
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Euro-insurers forked out €952bn in 2013
Motor insurance claims were up nearly 5% across Europe, study reveals
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Former Gallagher e-trading team launch CFC-backed MGA
Modus is targeting 1,000 brokers and £100m in annual GWP
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Takeover rumours boost Gable stock price
News report suggests Bermuda-based funds are targeting unrated insurer
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Lloyd’s insurer ProSight signs capacity deals worth £20m
Insurer to underwrite Corgi HomePlan products and back Oliva’s new scheme for UK builders
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IFB makes key hires to drive forward new fraud fighting strategy
The bureau wants to manage fraud across all product types and build an intelligence-sharing infrastructure
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Rural takes six from Towergate-owned BIB
Hires are part of managing general ageny’s plans to become second largest farm insurer within three years
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Brit launches Bermuda sidecar
Versutus will reinsure a share of Brit’s existing worldwide property catastrophe excess of loss portfolio
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Ageas completes sale of life insurance arm for £197m
Sale allows Ageas to continue to focus on non-life business
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Skills shortage at regulator as insurers poach staff
Insurers and bankers are taking staff from PRA to meet growing compliance demands
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Admiral hires new non-executive director
Prudential chief financial officer Penny James will also join the motor insurer’s audit committee
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Year in review
Big deals, shock resignations and litigation. Here are the headlines that set the agenda in 2014