Articles by Chinwe Akomah
Groupama to place 20 staff on redundancy consultation
Groupama Insurances has confirmed that up to 20 jobs in finance, IT, human resources and marketing are at risk as the firm seeks to reduce expenses and increase efficiencies.
Lloyds to set aside additional £1bn for PPI compensation
Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Allianz and Covéa to appeal against RSA subrogration ruling
Allianz and Covéa have lodged an application to appeal against the High Court's judgement in favour of RSA's motor subrogation costs model.
UK General hires former Zurich man for niche motor role
UK General Insurance has appointed Martin Kennedy, pictured, to a new role developing niche motor products.
London Assembly slams insurers for 'slow' settlement of riot claims
The London Assembly has criticised insurers for being "too slow" to settle claims from last year's riots and has urged them to publish average settlement times for future major events.
Allianz boss Stephen Coates joins Pool Re
Former Allianz head of UK property and casualty, Stephen Coates, has joined Pool Re as head of market operations.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
RSA secures third bilateral agreement
Global insurer RSA has signed a bilateral agreement with LV in a bid to speed up motor payment processes and remove unnecessary costs.
Nexus Underwriting names interim COO
Speciality managing general agent Nexus Underwriting Management has made four new operational appointments.
Select & Protect joins Paradigm GI panel
Select & Protect has entered into a strategic partnership with Paradigm Mortgage Services providing access to its home insurance products.
Bluefin relationship with ICAEW extended for three years
Bluefin Professions has secured an exclusive appointment to provide professional indemnity and office insurance to members of the Institute of Chartered Accountants in England and Wales for a further three years.
Chartered broker websites 'overlook the basics', report finds
Brokers are downplaying their chartered status on company websites, according to research commissioned by Axa Commercial Lines and Personal Intermediary.
Kennedys finance staff at risk of redundancy
Kennedys law firm has started a redundancy consultation with 70 staff in its finance department as part of plans to consolidate the non-legal department.
Car insurance at two-year low but young driver rates rising
Car insurance premiums have shrunk to their lowest level in more than two years, according to price comparison site Tiger.
Barclays ringfences a further £700m for PPI compensation
Barclays is to set aside another £700m to compensate customers who were mis-sold payment protection insurance.
Autonet recruits Carole Nash HR boss
Van insurance broker Autonet Insurance has appointed Penny Copeland, pictured, as director of human resources with immediate effect.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
Groupama places property owners product on Insurecom
Insurance software company Insurecom has added Groupama Insurances' property owners product to its commercial lines platform.
Barbon hires Bluefin and Axa heads for CKW roles
Barbon Insurance’s Cadogan Keelan Westall has appointed Amanda Hindman, pictured standing, and Sue Filsell.
AGCS recruits HDI Gerling chief executive
Allianz Global Corporate & Specialty has appointed Patrick Thiels to lead the industrial insurer's new Mediterranean region.
Esure founder could quit Britain
Esure founder Peter Wood, pictured, is considering relocating to Jersey to escape the UK's tax burden.
Legal & General reshuffles overseas business
Legal & General has reorganised its international business, with overseas chief executive Gareth Hoskins taking early retirement and two directors sharing his responsibilities.
Loss assessor jailed after Zurich uncovers claims 'conspiracy'
A Liverpool-based loss assessor was jailed yesterday for 18 months for conspiracy to commit fraud by false representation.