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R&Q agrees sale of marine services and HNW units to Hiscox

Legacy-to-live insurance services company Randall & Quilter (R&Q) has announced a preliminary agreement to sell its R&Q Marine Services and Synergy Insurance Services units to Hiscox.

Charlie Thomas, 14 January 2015
Hardy continues casualty push with new hires

CNA Hardy has expanded its casualty division by hiring Jeremy Smart and Steve Piper, The Insurance Insider can reveal.

Jenny Messenger, 14 January 2015
Cooley launches London market practice with Edwards Wildman raid

US law firm Cooley has launched a London market practice after a major team raid, luring lawyers from Edwards Wildman and Morrison & Foerster

Dan Ascher, 14 January 2015
Cyber named in top five business risks for first time: Allianz

Following a string of cyber attacks in 2014, businesses have named cyber crime as one of its top five risks for the first time, up from 15th in 2013 and 8th last year, according to new research from Allianz Global Corporate & Specialty (AGCS).

Charlie Thomas, 14 January 2015
BI tops Allianz global risk survey for third year

Business interruption (BI) and supply chain risk have been named as the top peril facing businesses for the third year in a row, according to research from Allianz Global Corporate & Specialty (AGCS).

Charlie Thomas, 14 January 2015
Watchdog report into Xchanging acquisition due in May

The UK Competition & Markets Authority (CMA) will produce a report on its investigation into outsourcing firm Xchanging's acquisition of insurance software provider Agencyport Europe by 24 May 2015, the watchdog said today (13 January).

Jenny Messenger, 13 January 2015
Burns & Wilcox Canada acquires Canadian MGA Avec

Kaufman Financial Group subsidiary Burns & Wilcox Canada has bought Canadian managing general agent Avec Insurance Managers, the company announced today (13 January).

Himal Patel, 13 January 2015
MetLife contests ‘premature’ Sifi designation

Global life carrier MetLife has filed an appeal challenging the Financial Stability Oversight Council (FSOC)'s designation of the group as a non-bank systemically important financial institution (Sifi).

Jenny Messenger, 13 January 2015
Tiering boosts major players at 1.1

Despite the rating bloodbath at the 1 January renewals, there was some respite for second-tier global reinsurers, which may now see more business as cedants look to manage their counterparty credit exposure, senior broking executives have explained

Dan Ascher, 13 January 2015
Reinsurers deal with Tria fall-out

As the dust settles on the January renewal, reinsurers and brokers are still dealing with the fall-out of the initial non-renewal of Tria last month and the swift reauthorisation of the US terrorism backstop in the New Year

David Bull, 13 January 2015

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