Articles by Chinwe Akomah
OFT to hold meeting with credit hire industry
The Office of Fair Trading is to meet with a host of credit hire companies on Tuesday as part of its market study into the rising cost of motor premiums.
Aviva pays Accident Exchange "seven figure" settlement
Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.
Setanta chief returns to industry as business solutions boss
The former chief executive of Setanta, Mike Matthews, has reprised his role as CEO of business solutions provider Sevitt almost a year after he left the Irish insurer.
Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
Garwyn raids Zurich and UKGI
Garwyn has appointed former Zurich and UK General Insurance employees Daniel Grewal-Singh and Michael Robinson.
Ocaso appoints new Manchester office head
Spanish insurance company Ocaso UK has promoted Paul Costigan to manager of its Manchester office.
Insurer hails first ABI metal theft meeting a success
The Association of British Insurers and its members have held the first metal theft working group in a bid to find solutions to the escalating crime.
Speeding motorists face insurance premium hike
Insurers increasingly likely to charge higher premiums after a motoring conviction according to research by AA Insurance.
AM Best downgrades and withdraws Omega rating
AM Best Europe has downgraded Omega Speciality Insurance’s financial services rating from A- to B++ and withdrawn the ratings at the request of Omega Insurance Holdings.
Mondial appoints ex-Allianz boss to launch health product
Mondial Assistance UK has appointed Phil Carr as new head of health services, leading the launch of a new homecare product.
Coleman confirms Leighton Foster acquisition
Poole-based Coleman Group has confirmed it has acquired Exeter firm Foster Leighton.
Cunningham Lindsey young gun wins CII award
Cunningham Lindsey assistant adjuster and major loss surveyor John Newnes has won the Cardiff Chartered Insurance Institute Young Achiever of the Year award.
Xchanging promotes Kruger to broking MD
Business process and technology services provider Xchanging has appointed James Kruger as managing director of Xchanging Broking Services with immediate effect.
Omega co-founder to overhaul board
Omega co-founder John Robinson is reported to be in talks with Fund Management Group about overhauling the troubled Lloyd's insurer's board.
Simply Business says no to MBO
Simply Business will not undergo a management buyout despite QBE taking over trading relations from Brit.
Brit CEO insists it will retain stake in Simply Business despite UK arm sale
Brit has insisted it plans to keep its shareholding in online intermediary Simply Business despite selling its regional retail business.
Brit UK acquisition to bolster QBE SME and property arms
QBE plans to use its acquisition of Brit’s UK operations to access the property and small to medium sized business markets.
Flagstone Reinsurance sells Lloyd's business to ANV
Flagstone Reinsurance has sold its Lloyd's operation to a wholly-owned subsidiary of ANV Holdings BV for £30m.
Canopius' 65p offer reflects 2011 Omega losses
Canopius' decision to offer to acquire Omega at a lower share cash offer is because the listed company posted losses last year, according to a source.
New telematics motor insurance brand keeps parents updated
Fresh Insurance has launched a telematics young drivers car insurance brand that gives parents real-time updates on where and how their child is driving.
'Rolling' MRO agreement implemented
The Medical Reporting Organisation’s 2012 agreement will be a “rolling” contract.
Barbon CEO Oliver to quit
Barbon chief executive Martin Oliver is to leave the group in six months.
Marsh hires Charnaud for chairman role
Marsh has appointed Edwin Charnaud as chairman of its global infrastructure practice.
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.