Articles by Mairi MacDonald
Direct Line confirms redundancies
Direct Line Group has confirmed approximately 890 proposed redundancies across the business as part of a drive to cut costs by £100m.
Whiplash on the Westminster agenda
Insurance industry claims bosses are heading to Westminster this afternoon to discuss whiplash at a meeting organised by the Transport Select Committee.
Catlin Re Switzerland names Eugster as CUO
Markus Eugster has been promoted to chief underwriting officer for Catlin Re Switzerland.
BP accused of "gross negligence" over Deepwater Horizon
BP has disputed accusations of "gross negligence and wilful misconduct" by the US Justice Department over the 2010 Deepwater Horizon disaster.
All change for insurance industry with Cabinet reshuffle
Jonathan Djanogly lost his position as justice minister in yesterday's reshuffle.
Regulator to review "rotten" incentive schemes
Financial Services Authority managing director Martin Wheatley has laid out plans to stamp out mis-selling created by sales incentives that result in customers being sold products they do not need or cannot use.
Keelan Westall boosts underwriting team with new starters
Wholesale property insurance broker Keelan Westall has set out to strengthen its technical expertise with a series of key appointments within its underwriting agency.
Houghton joins JM Glendinning
Nick Houghton, who stepped down as managing director of Broker Network last week, has joined Broker Network member JM Glendinning as MD.
New regulator to outlaw commission sales
Commission-based sales of financial products will be outlawed by the Financial Conduct Authority when it comes into force next spring.
Garwyn: Portal extension could see drop-out rate soar to 80%
Garwyn's chief executive has estimated that up to 80% of claims could fall out of the RTA Portal if it is extended to employers' and public liability in its current form.
Houghton to leave Broker Network
Nick Houghton has resigned from the role of managing director at Broker Network, according to Insurance Age.
Further delays to Omnibus II
Omnibus II has been delayed again with the new date of implementation set at 20 November, Post understands.
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Admiral to slow UK growth despite 9% rise in profit
Admiral's pre-tax profit rose to £171.8m in the first half of 2012 (H1 2011: £160.6m) having increased the number of vehicles insured by 11%, or 350 000, to 3.5 million.
Zurich study investigates security breaches
Zurich has joined forces with the Federation of European Risk Management Associations and Harvard Business Review Analytic Services to launch a study into security and privacy risk.
Laing & Buisson report published
Laing & Buisson has published its latest report into the UK health and care markets.
Mild Q1 weather blamed for RIIG loss
Resources in Insurance Group has blamed unusually mild weather conditions in the first quarter of the year for a loss of £696 581 in the first six months of this year.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
MMA poaches motor specialist from QBE
MMA Insurance has appointed Gary Clayton as senior motor trade underwriter with a remit for the South of the UK.
London council wins crash-for-cash fraud case after four-year stand-off
Barnet Council has avoided up to £120 000 in fraudulent claims costs after a council worker became suspicious of four motor insurance claims occurring in suspiciously similar circumstances.
Union accuses Aviva of job cuts programme via the back door
Aviva has warned that up to 800 jobs are at risk within its UK business as part of a push to cut costs by new chairman John McFarlane.
Autonet invests in leadership programme
Autonet Insurance is launching a leadership training programme within its managerial ranks aimed at improving their ability to motivate and inspire their teams.
Sale frees NY fed of AIG toxic assets
The Federal Reserve Bank of New York has made billions of dollars in revenue for US taxpayers with the sale of the last toxic assets acquired through its bailout of AIG in 2008, according to US press reports.
Co-op goes for growth in household sector
Co-operative Insurance director of general insurance David Neave said the firm has written a higher volume of home insurance policies compared to motor policies this year so far in a bid to “redress the balance” within its personal lines portfolio.