Articles by Callum Brodie
Accelerate seals three year capacity deal with sports specialist JRW
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with Manchester-based sports player JRW Group.
Allianz backs Thatcham stance on fitting AEB as standard
Allianz has backed calls by the motor insures’ research facility Thatcham for automated emergency braking technology to be fitted as standard to all new cars sold in the UK.
Motor premiums see largest hike in five years
Motorists were hit with the highest quarterly rate rise in five years for comprehensive car insurance in Q4 which saw prices rise by 7% to an average of £672, according to the latest Confused car insurance price index.
Flood Re completes exec team with hires from Pro Sight and Pen
Flood Re has completed its executive team with the appointment Harriet Boughton as its general counsel and Karen Clautour as head of operations.
Night-time curfews for young drivers to be introduced in Northern Ireland
A comprehensive package of new measures to improve road safety has been passed by the Northern Ireland Assembly that includes night restrictions on young drivers carrying passengers.
Hyperion eschews 2015 dividend as RKH deal fuels £81.4m accounting loss
Hyperion will report an International Financial Reporting Standards accounting loss of £81.4m for 2015 as a result of expenses such as that associated with the acquisition of RKH.
Gallagher completes NED line-up with Coldman capture
Arthur J Gallagher has appointed John Coldman as a non-executive director, subject to regulatory approval.
AIG strategy failing to win support among majority of investors
Only a small minority of shareholders back AIG’s present strategy amid pressure from activists such as Carl Icahn for a change to the insurer’s approach, according to a poll by investment management firm Bernstein.
Insurers encouraged to improve claims experience as poll highlights delays
More than two in five (41%) motor and home insurance customers have suffered delays and problems when making claims, according to research by Consumer Intelligence.
RSA reaches out-of-court settlement with former Irish CEO Smith
RSA has reached an out-of-court settlement with the former CEO of its Irish operation Philip Smith.
Market Moves - 14 January 2016
The industry moves continue to come thick and fast as 2016 gets underway...
Generali unveils extended business risk analysis advisory solution
Generali has launched an advisory solution providing support in business risk analysis to its corporate clients, which has also been extended to franchised businesses.
Pre-April renewal flood victims facing hiked household premiums
Flood victims who are due to renew their household insurance policy before the April introduction of Flood Re will be faced with inflated premiums, amid widespread rate reductions elsewhere.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
Zurich commercial broker and claims director Spencer to depart
Zurich UK’s commercial broker and claims services director Adrian Spencer is to step down at the end of January as part of wider cost cutting at the insurer, Post can reveal.
Sian Fisher announced as CII CEO
The Chartered Insurance Institute has named former Arthur J Gallagher chief underwriting officer Sian Fisher as its new CEO.
Flood victims given £24m by insurers in emergency payments so far
Insurers have forked out almost £24m so far on emergency payments to families and businesses effected by the floods caused by storms Desmond, Eva and Frank during December and over the New Year.
Principal snaps up second motorcycle book in quick succession
Manchester based Principal Insurance has acquired the motorcycle book of Simply Insurance in a deal that has been completed just days after the acquisition of a similar book from iGO4 Partners.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Henderson poaches Bluefin exec Robinson to head Harrogate office
Leeds-based broker Henderson Insurance Broking Group has opened a new Harrogate office, taking its total national network to 14 offices.
Ifed inquiry leads to jail time for income protection fraudster
A 28-year-old man has been jailed for more than three years after he attempted to defraud two insurance companies out of £97,824 for lost income for a job he never had due to an illness he falsely claimed to be suffering from.
Aviva investigation puts brakes on party bus claimants
Aviva has successfully quashed attempts by passengers on a double-decker ‘party bus’ to erroneously claim more than £250,000 for whiplash injuries supposedly caused by a minor collision.
Ex-Brightside director Jackson reunites with former Towergate colleague Brown
Keith Jackson is to reunite with ex-Towergate colleague Scott Brown at the latter’s latest venture, Accelerate Underwriting, Post can reveal.
Ryan Direct Group buys Midas Underwriting
Insurance services business Ryan Direct Group has entered into agreement to acquire Northern Ireland-based managing general agent Midas Underwriting.