News
Ex-Zurich claims boss Day to 'raise the bar' with merged investigation firm
US investigation firm ICS Merrill has merged with Global Options to form a UK holding company with UK and US subsidiaries.
Pen Underwriting hires Preston as crisis management head
Pen Underwriting has appointed Rob Preston as its head of crisis management to grow the firm’s specialist risks business.
Hughes Insurance to shut over half its branches in April
Northern Irish broker Hughes Insurance is to close six of its eleven regional branches in April, as a result of the rising digital nature of the industry.
Aviva sells Irish health business
Aviva has sold its Irish health business to Irish Life, with the transaction set to close by Q3 2016.
Gen Re to close Hong Kong and Melbourne offices in restructure
Gen Re, a global reinsurer owned by Berkshire Hathaway, has decided to close six property and casualty offices after an evaluation of the business.
Brokers back Holmes as Aviva UKGI boss
The "great" appointment of Colm Holmes to head Aviva's UKGI business has not come as a surprise to broking bosses.
Tulloch's Aviva UK successor to maintain momentum with brokers
Incoming Aviva UK general insurance CEO Colm Holmes has vowed not to lose focus “on the fundamentals” and has set his sights on building on relationships with brokers.
Crawford international division reports reduced earnings amid ‘headwinds'
Fourth quarter operating earnings in Crawford & Company's international segment dropped to $7.3m (£5.1m) in 2015 compared to the Q4 2014 result of $9.6m.
UK-based insurance disruptor Zugar Znap expands to Europe
Millennial-focused insurer Zugar Znap will expand into France and Germany in a joint venture with German-based start-up platform Mass Up.
Analysts rate Aviva's top of range SII ratio
Analysts have praised Aviva's 2015 full-year results report highlighting the insurer's Solvency II ratio of 180%, which was 20% ahead of some forecasts.
Colosso becomes non-exec chair at personal lines MGA
Industry stalwart Adrian Colosso has lined up his second non-executive role following his departure from Howden, Post understands.
Helvetia Holdings to reduce board size
Three board members at Helvetia Holdings will not stand for re-election, following the integration of the (re)insurer with Nationale Suisse and a planned reduction of Helvetia’s board.
Profits and revenues up at Charles Taylor in 2015
Charles Taylor CEO David Marock has heralded 2015 as a year of “strong growth” after the multi-faceted firm delivered a 31.6% increase in statutory profit before tax to £12.8m for 2015 (2014: £9.7m).
Aviva UK CFO Holmes steps up to replace Tulloch as CEO
Aviva has named UK general insurance chief financial officer Colm Holmes as the successor to Aviva UK GI CEO Maurice Tulloch.
Hiscox-owned Direct Asia sells Hong Kong division to Well Link
Global insurer Hiscox has decided to sell the Hong Kong division of Direct Asia to Well Link for an undisclosed sum.
Aviva benefits from Friends Life acquisition as UK profits slide
Aviva recorded a 20% increase in global profits to £2.67bn in 2015 compared with £2.21bn the previous financial year.
Rural Insurance sees GWP rise 11.5% as £100m target looms
Harrogate-based agricultural specialist Rural Insurance has maintained solid growth in line with its £100m target, with GWP rising by 11.5% for the 12 months to end of March.
CFC hires Matt Taylor to head emerging risks business
CFC has hired Matt Taylor as its head of emerging risks, as the underwriting agency continues the growth of the business.
QBE tradesman added to Applied Systems’ TAM panel
Applied Systems has expanded its TAM commercial lines panel with the addition of QBE tradesman.
RSA technical analytics head Turner joins Esure
Esure Group has hired RSA’s Nick Turner as head of claims data and analysis.
European insurtech investment set to grow as global fintech funding reaches £13.4bn
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
MGA ARO launches online quote offering
Managing general agent ARO Underwriting has launched an online quotation platform for brokers as part of the company's rebrand.
L&G launches travel offering with Hood Group
Legal & General has launched its travel insurance offering in partnership with affinity provider Hood Group and underwritten by HCC International.
Five sentenced in Birmingham over £30k crash-for-cash claim
A group of five men pleaded guilty in an insurance fraud case and were today (8 March) handed suspended sentences and ordered to pay a total of £10,800 in compensation.