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May plans to use £8mn to buy cat cover for developing countries
The UK government gave further details over the weekend of a plan to funnel development spending into insurance premiums.
Bernard Goyder
,
10 July 2017
Novae bloodstock team exit to set up MGA with Castel
Novae's bloodstock team have left to set up an MGA, becoming the latest EC3 underwriters to take the plunge into delegated authority business, the insurer confirmed today.
Adam McNestrie
,
10 July 2017
UK motor rates up 18.5% in Q2: Willis Towers Watson
The average comprehensive car insurance premium has increased by 18.5 percent year on year in the second quarter, as insurers responded to the slash in the Ogden discount rate and the hike in insurance premium tax (IPT).
Catrin Shi
,
10 July 2017
R-T Specialty adds LaRock to ProExec group
R-T Specialty has added Jackie LaRock to its ProExec team in Nashville, Tennessee.
Ted Bunker
,
08 July 2017
Texan broker Higginbotham moves to expand in Oklahoma
The largest independent broker based in Texas is stepping outside the Lone Star State for the first time in its nearly 70-year history by opening an Oklahoma City office.
Ted Bunker
,
08 July 2017
Trov secures licences in almost half of US states
InsurTech startup Trov says it has won approval from 23 state regulators across America as it gears up to launch in the country later this year.
Dan Ascher
,
08 July 2017
Ian Posgate passes away
Ian Posgate, one of the most prominent Lloyd's underwriters of the second half of the 20th century and a former Council member, has died.
Bernard Goyder
,
07 July 2017
Ironshore opens M&A and tax hub in Frankfurt
Liberty Mutual's Ironshore International has opened an office in Frankfurt to sell M&A and tax liability insurance to private equity and investment banking clients.
Laura Board
,
07 July 2017
Neptune trims Novae stake amid sale price dissatisfaction
Neptune Investment Management has sold the majority of its stake in Novae hours after it told this publication that Axis Capital's offer to acquire the company could have been "materially higher"
Matthew Neill
,
07 July 2017
Aon and Marsh cooperating with Irish fleet probe
Four brokers including Aon and Marsh have been visited by the European Commission (EC) as part of its investigation into possible breaches of EU antitrust rules in Ireland
Charlie Thomas
,
07 July 2017
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