News
Colosso returns to the market in City Net boardroom role
Former Howden CEO Adrian Colosso has joined the board of Lloyd’s wholesale broker City Net as a non-executive director, Post can reveal.
LV launches bespoke motor trade claims team
LV Broker has brought its commercial motor trade and combined motor trade claims teams under one roof with a new bespoke team based at the insurer's Croydon office.
Beazley reports 87% COR as it prepares for London HQ move
Lloyd's insurer Beazley saw its profits and gross written premiums increase for the year ended 31 December 2015 while its combined operating ratio improved to 87% (2014: 89%).
Munich Re releases €1.4bn of reserves as it records €3.1bn profit despite Ergo struggles
Munich Re this morning reported a consolidated profit of €3.1bn (£2.5bn) (2014: €3.2bn) for 2015 on gross written premiums of €50.4bn (2014: €48.8bn).
CII's Fisher to tackle direct personal lines and independent broker professionalism
Direct personal lines and the independent broker sector are two areas where new CEO Sian Fisher will aim to raise the professional agenda after taking up her new role this month.
AA underwriting arm opens for business targeting 250,000 customers and telematics
The AA's new Gibraltar-based insurance company has opened for business targeting a quarter of a million policyholders.
Wipro beats out 20 to win RSA IT infrastructure contract
RSA has awarded Winpro the contract to deliver its infrastructure requirements across the UK, Ireland and Scandinavia.
Blatt, Chung and Lee to leave QBE in Hong Kong
Three senior managers in Hong Kong are set to leave Australian insurer QBE this week.
Aon partners with Catamaran for Indian joint venture
Global broking giant Aon is partnering with technology investment firm Catamaran to establish a broking start-up in India.
Axa invests in 'pioneering' blockchain technology specialist Blockstream
Axa Strategic Ventures, the €230m (£175m) venture capital fund set up by the French insurance giant, has today announced it is co-leading a $55m (£37.5m) Series A funding round for Blockstream.
Gallagher to snub 'major' deals in 2016 and may raise up to £300m from debt markets
Arthur J Gallagher chairman, president and CEO Patrick Gallagher Junior has today said the firm has no “large deals on its plate” and that any buys would be “tuck in” ones.
Towergate hires chief transformation and change director
In his new role, James Barnard will play a key role in driving the change programme seen as pivotal in transforming the broker.
Women of the World festival to feature CII and AIG input
The Chartered Insurance Institute has teamed up with AIG to lead the conversation at the forthcoming Women of the World festival about risks faced by women in society and how the insurance profession can respond.
HCML partners with Physitrack to offer home exercise technology
Rehabilitation provider HCML is striving to improve recovery outcomes by offering home exercise technology to the 40,000 individuals cared for each year under its rehabilitation and case management services.
Pro Sight MD Mageean reunites with McManus at PIB
PIB Insurance Brokers has recruited Pro Sight managing director Bernard Mageean as MD for underwriting and placement.
Chaucer Direct to be rebranded as Geoffrey Insurance Services
Markerstudy is to rebrand Chaucer Direct as Geoffrey Insurance Services from March.
Zurich mulls shrinking businesses in light of poor underwriting results
Poor underwriting results at Zurich have led the Swiss-based insurer to consider shrinking parts of its businesses, according to chief risk officer Cecilia Reyes.
Gallagher sees 2015 broking profits rise by 1% despite Q4 dip
Arthur J Gallagher’s broking division recorded a marginal increase in profits to $266.4m (£186.3m) last year, representing a 1.3% uptick on the $262.9m it generated in 2014.
Davies becomes claims partner with sports specialist JRW
Davies Group has been appointed by sports and leisure specialist The JRW Group as claims partner across all lines.
Durrant to join Marsh's claims team in Hong Kong
Kevin Durrant, head of customer management claims - Hong Kong at Zurich, is moving to Marsh later this month.
Bailey challenged to prove his independence in FCA role
Incoming Financial Conduct Authority CEO Andrew Bailey has been challenged by an MP to prove his independence from the government after accusations he was "hand-picked" by Chancellor of the Exchequer George Osborne to take on the role.
80% of UK insurers mulling aggregator launch
More than 80% of UK insurers are considering setting up their own aggregator site, according to Accenture.
Swinton appoints CDL as insurance software supplier
High street broker Swinton Insurance has appointed CDL as its new insurance software supplier.
Elite to stop writing solicitors' PII as falling rates take a toll
Unrated carrier Elite Insurance is withdrawing from the English and Welsh solicitors’ professional indemnity insurance market.