Commercial Lines articles – Page 109
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Wholesale, multinational to be significant business sources - Aviva
But Aviva’s chief distribution officer stressed that chasing premiums would not be part of the insurer’s growth strategy
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Besso secures funding from Clydesdale Bank
Finance will pay off BP Marsh loans and fund future growth
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25% of London Market to rely on investments for profit in 2016
PriceWaterhouseCoopers sees average London Market COR of 98%, or 95% with investment returns
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Lloyd's Tom Bolt to depart in 2016
As director of performance management Bolt is responsible for the commercial performance of Lloyd’s
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Risk managers, underwriters reach deal on late payment law
New law allowing policyholders damages for late payment to include a one-year cut-off
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Hiscox appoints Red24 to advise product liability clients
Deal provides technical, regulatory and public relations support
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Xchanging to provide software for Aon London Market operations
Deal follows 20 smaller contracts
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London Market Group to survey insurance skills gaps
Survey to identify talents needed in future insurance market
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AXA pens five-year deal with Towergate-owned BiBU
The contract which comes into force in January 2016 was previously held by RSA
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Allianz offers higher limits to brokers in excess liability cover revamp
The insurer has also extended its list of approved primary insurers
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CNA Hardy plots regional expansion with fifth branch
The insurer makes a raft of appointments to support the expansion plans
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London Market underprepared for TalkTalk-style hacking
Only one-third of London Market insurers believe their firms can withstand major cyber-attack – Xchanging survey
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FSCS steps in to rescue Berliner policyholders
General liability and professional indemnity insurance policyholders could be eligible for FSCS protection
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New chief executive for Lloyd’s insurer Talbot
Peter Bilsby to take over as current chief Rupert Atkin moves to chairman role
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Gallagher MGA Pen chasing Liberty business after motor exit
The MGA wants to speak to brokers looking to move their motor book from LSM
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Ryan Specialty Group pushes into M&A with MGA acquisition
Hunter George founders Ian Theato and Tim Martin will continue to lead the business
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Arista’s Charles Earle named Advent chairman
MGA founder joins board of support services provider
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Integro acquires motorsports broker Ellis Clowes
Acquisition will help Integro to build its sports specialty practice