ACE acquires Agribusiness Insurer Penn Millers

Institutional investors encouraged into private rental sector

Sir Adrian Montague has issued a call for evidence for a review aimed at encouraging greater investment by institutional investors in privately rented properties. The review, which forms part of the Government’s housing strategy, will examine ways of boosting investment in the UK’s private rental market, supporting the rapid growth of the sector. Launching the [...]

1st Central and KeyCare announce partnership

Motor insurer 1st Central has announced a partnership with Keycare to help protect UK motorists against the rising cost of replacing keys. Replacing keys can cost a small fortune, with electronically programmed keys sometimes costing £1,000 or even more to replace. Now motorists taking out or renewing coverage with 1st Central will automatically get coverage [...]

Marsh sums up geo-political risk for global energy firms

Despite the recent period of geo-political turmoil, many economies are presenting increased growth opportunities for global energy firms, claims Marsh. On its latest Political Risk Map, Brazil, Bolivia, Chile, Colombia, Indonesia, Mexico, Peru, Russia, Thailand, Turkey and Uruguay are highlighted as economies with potential, given certain improvements in their legal and regulatory regimes. Higher-risk countries [...]

MPs call for “Presumption of Death” Act

The House of Commons Justice Committee is calling for new legislation to help families when someone goes missing. MPs want a “presumption of death act”, modelled on existing legislation in Scotland and Northern Ireland, to clarify the legal position of spouses and others who might otherwise suffer serious financial consequences over an unexplained disappearance. Having [...]

CNA appoints chief underwriting officer

CNA Insurance Company Limited has announced the appointment of John Taylor as the firm’s new chief underwriting officer, with immediate effect. In his newly created position Taylor will be directly responsible to CNA Europe Chief Executive Officer John Hennessy. Taylor will be tasked with supervision of CNA Europe’s underwriting across Marine, Casualty, Property and Financial [...]