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Cyber risk portal links policyholders to specialists

By: Joyce Famakinwa

Published September 03, 2015 - 3:23pm CST

CFC Underwriting Ltd. has announced a new addition to its cyber product suite with the launch of an online cyber risk portal.

U.K. supermarket to freeze pension fund, offer new defined contribution plan

By: Rob Kozlowski, Pensions & Investments

Published September 01, 2015 - 1:04pm CST

Tesco P.L.C., Cheshunt, England, will offer a new defined contribution plan beginning in November once the supermarket freezes its 8.4 billion ($13.2 billion) pension fund, a company spokeswoman said.

Willis, AIG offer middle market auto-renewal policy

By: Sarah Veysey

Published September 01, 2015 - 10:15am CST

Willis and AIG roll cover for major insurance classes into one policy and put renewal on autopilot for middle-market buyers in the U.K.

Lloyd's reinsurance underwriters under pressure

By: Sarah Veysey

Published September 01, 2015 - 10:08am CST

In a survey, 95% of Lloyd's underwriters say a softening of terms and conditions in the international casualty market will doom them to repeat historical mistakes.

U.K. terror insurance backstop adds former Zurich exec to board

By: Sarah Veysey

Published September 01, 2015 - 9:18am CST

The U.K. adds new muscle at the top of its government-backed terrorism insurance backstop, Pool Reinsurance Co.

Risk management software firm names CEO

By: Sheena Harrison

Published August 28, 2015 - 12:02pm CST

Risk management software provider Ventiv Technology Inc., London, has named Stephen Rhee as its CEO.

Week in pictures

Published August 28, 2015 - 9:54am CST

Tropical storms, airshow crashes and executive poaching make for a full week at Business Insurance. View the gallery.

Rival pays Arthur J. Gallagher to settle exec poaching suit

By: Sarah Veysey

Published August 26, 2015 - 9:24am CST

Arthur J. Gallagher, the London-based international arm of brokerage Arthur J. Gallagher & Co., said Wednesday it had reached a settlement with David Ross, the former CEO of its international operations, and two other executives.

Proposed Zurich, RSA merger receives lukewarm response

By: Sarah Veysey

Published August 25, 2015 - 9:50am CST

Zurich Insurance Group Ltd.'s offer for rival RSA Insurance Group P.L.C. is being greeted with muted reaction from industry observers.

Zurich announces $9 billion offer for U.K. rival

By: Sarah Veysey

Published August 25, 2015 - 8:54am CST

Zurich Insurance Group Ltd. on Tuesday made a tentative offer to buy London-based RSA Insurance Group P.L.C. in a deal that would value RSA at about 5.6 billion ($8.79 billion).

Amlin profit down 3.5% in first half; CEO denies sale

By: Sarah Veysey

Published August 24, 2015 - 9:15am CST

Amlin P.L.C. posted pretax profit of 143.3 million ($163.2 million) for the first half of 2015, down 3.5% from the comparable period last year, the London-based insurer and reinsurer announced Monday.

Zurich, RSA investors face struggle to bridge valuation gap

Published August 21, 2015 - 11:30am CST

(Reuters) — Shareholders in British insurer RSA Insurance Group P.L.C. are bracing for a lowball bid from prospective suitor Zurich Insurance Group Ltd., putting one of Europe's largest-ever insurance deals in doubt.

Marsh in discussions over possible U.K. broker buy

By: Sarah Veysey

Published August 19, 2015 - 9:28am CST

Marsh L.L.C. is in preliminary discussions about a possible purchase of Bristol, England-based insurance brokerage and employee benefits consultancy Jelf Group P.L.C.

UP CLOSE: Andreas Loucaides

Published August 16, 2015 - 6:00am CST

LONDON-BASED CEO

New York broker Integro lands London aviation division

By: Joyce Famakinwa

Published August 13, 2015 - 3:07pm CST

New York-based insurance broker Integro Ltd. said Thursday that it has acquired AFL Insurance Brokers Ltd.'s aviation division.

U.K. gives insurers leeway with sudden premium tax changes

By: Mark A. Hofmann

Published August 07, 2015 - 11:43am CST

Insurers preparing for increased premium taxes in the United Kingdom have been given some flexibility in how they file their returns to the government, the Association of British Insurers announced Friday.

Willis Re names global chairman

By: Mark A. Hofmann

Published August 07, 2015 - 11:33am CST

Paddy Jago has been appointed global chairman of Willis Group Holdings P.L.C.’s Willis Re unit, effectively immediately, Willis announced Friday.

Premium tax in U.K. set to rise

By: Sarah Veysey

Published August 02, 2015 - 6:00am CST

Raising the tax on insurance premiums paid in the United Kingdom could result in rate increases by insurers and coverage reductions by buyers.

London-based RSA becomes attractive takeover subject

By: Sarah Veysey

Published August 02, 2015 - 6:00am CST

Despite an accounting scandal in its Irish unit and ongoing court fights and regulatory investigations, RSA Insurance Group P.L.C. could be the subject of a bidding war by rival insurers.

Lloyd's of London applies to open up in Malaysia

Published July 30, 2015 - 8:28am CST

(Reuters) — Lloyd's of London said on Thursday it planned to apply for an onshore reinsurance license and open an office in Malaysia, as part of its push into emerging markets.

Jardine Lloyd Thompson sees 6% hike in first-half revenue

By: Sarah Veysey

Published July 28, 2015 - 9:37am CST

Jardine Lloyd Thompson Group P.L.C. posted revenue of 591.6 million ($917.6 million) for the first six months of 2015, a 6.0% increase compared with the first half of last year, the London-based brokerage said Tuesday.

Zurich mulls offer for RSA Insurance

By: Sarah Veysey

Published July 28, 2015 - 9:15am CST

Zurich Insurance Group Ltd. said Tuesday it is evaluating a potential offer for London-based multiline insurer RSA Insurance Group P.L.C.

Positive Beazley earnings continue in first half of 2015

By: Donna Mahoney

Published July 24, 2015 - 3:16pm CST

Beazley P.L.C. on Friday announced that premiums generated in the first half of 2015 by its U.S. underwriters rose 25% over the same period last year, driving the company’s interim results.

Fake pet claims land couple behind bars

Published July 24, 2015 - 10:31am CST

Accountant Chelsea Stafford and her husband Stellio submitted nine claims on two pet insurance policies, collecting $12,970 dollars for their three sick Staffordshire bull terriers, according to British media reports.

London insurance market to hold fall diversity festival

By: Sarah Veysey

Published July 21, 2015 - 9:42am CST

The London insurance market will host a diversity and inclusion festival Sept. 29 through Oct. 2 to encourage businesses to understand the business case for increasing the diversity of the industry, said Matthew Fosh, CEO of London-based Novae Group P.L.C. on Tuesday.

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