Mactavish has called for the CEOs of Zurich and Liberty to personally oversee a £30m disputed claim that it says, if paid, could save the company.
Gibraltarian insurer Lamp is the fifth unrated carrier to fall over in the past three years. The insolvency once again demonstrates the risks brokers take when they use unrated insurers, industry figures have warned.
Two managing general agent businesses acquired by Gallagher as part of its recent purchase of Stackhouse Poland will eventually become part of Pen.
The Financial Services Compensation Scheme has released a list of 21 failed regulated firms that defaulted between February and April this year.
Steve White, CEO of the British Insurance Brokers’ Association, used his conference address on Wednesday morning to highlight the need for brokers to attract young talent as the industry becomes more technologically sophisticated.
The Lloyd’s Market Association has announced three new board members following a recent board election.
Allianz UK CEO Jon Dye confirmed that the transfer of personal lines business from Allianz to LV remains on-track and will be completed within three to four weeks, as the insurer announced its Q1 results.
Lloyd’s has commissioned the Banking Standards Board to conduct an independent survey on the workplace culture and standards of behaviour within the market.
Eight out of 10 Lloyd’s syndicates met electronic placement targets during the first quarter of 2019, according to data released by the board of the Placing Platform Limited.
Covéa Insurance has appointment of James Gearey as corporate development and strategy director.
Insurance Post senior reporter Jen Frost has been named as one of the top 30 young journalists in the UK.
Lloyd’s has invested in an insurtech cloud-based distribution platform for small businesses, following a successful trial in the market’s tech incubator.
The parties in the ongoing legal dispute between Gallagher and Ardonagh returned to the Royal Courts of Justice yesterday, as the court heard closing statements from two of the defendants.
Esure improved its solvency capital coverage ratio to 149% over the first quarter of 2019, having seen it drop to 108% at the end of last year.
Financial services regulators have formed a working group to collaborate on tackling ‘phoenixing’ in the sector, whereby companies or individuals avoid liabilities or penalties by shutting down businesses only to re-emerge as new legal entities.
Steve McGill, former group president of Aon, has launched a private equity-backed specialty risk solutions business alongside a team of other senior executives.
Lloyd’s CEO John Neal today launched a 10-week consultation on the future strategy of the insurance market, presenting six proposals that “could form the blueprint for a new Lloyd’s”.
Talking following the launch of new venture Convex yesterday, Stephen Catlin said “there is a vacuum of leadership in the London market”.
Stephen Catlin and Paul Brand, both formerly executives at the Lloyd’s insurer that bore Catlin’s name, have launched a new specialty insurer and reinsurer with $1.8bn (£1.4bn) in initial capital.