News
Marsh unveils global excess cyber risk facility
Global broker Marsh has launched a new global excess cyber risk facility that is designed to provide more reliable insurance coverage for organisations around the world.
Bailey planning more moderate FCA approach
Incoming Financial Conduct Authority CEO Andrew Bailey will not take the "shoot first ask questions later" approach of his predecessor Martin Wheatley when he joins the regulator in July.
Compass acquires 10 members in January
Ten brokers have joined Arthur J Gallagher's UK network Compass this month, taking total gross written premium controlled by its members to £660m.
Brightside appoints Sterling director Sweeney for MD role
Former Sterling general insurance director David Sweeney is to join Brightside as managing director with responsibility for the Southampton and Torquay business and group insurer relationships.
Howe given QBE emerging markets risk role after Kuk departs
QBE has made several changes to its emerging markets executive team following the departure of chief risk officer Victor Kuk for Swiss Re.
AM Best places AIG under negative review
AM Best has placed AIG's credit ratings under review with negative implications.
Staff put on notice as RSA closes Birmingham site
RSA has confirmed it is closing its current Birmingham office with approximately 190 staff put at risk of redundancy.
LMA outlines focus for 2016
The Lloyd’s Market Association will focus on delivering several initiatives this year, specifically electronic placing support and the Oasis catastrophe loss modelling platform.
Claimant law firm ordered to pay defendant's costs in landmark case
The solicitors acting on behalf of a fraudulent claimant have been ordered to pay all of the defendant bus company’s legal costs in a landmark case heard at Gateshead County Court.
CII urges insurer proactivity in climate report
The insurance sector must be more proactive and collaborate with external stakeholders in working to combat the effects of climate change, a Chartered Insurance Institute report has urged.
Value of £1bn mooted as analysts give thumbs up to BGL float
Market analysts have given their seal of approval to BGL Group’s potential listing on the London Stock Exchange, with one analyst suggesting the entry could be valued at more than £1bn.
BGL Group considering stock market entry
Insurance business BGL Group is considering listing on the London Stock Exchange.
Pen Underwriting promotes from within for new divisional head
Jennifer Martin will head up a dedicated financial lines division at the underwriter, taking responsibility for UK and international business.
Towergate takes from RSA to fill chief underwriting role
Towergate has hired Andy Baughan as chief underwriting officer, replacing Paul Jewell in the role.
Greco leaves Generali to become Zurich global CEO
Mario Greco is leaving his role as CEO of Generali to join Zurich as global CEO starting on 1 May.
Aviva survey finds widespread cyber complacency
Research from Aviva shows more than two fifths (44%) of UK businesses believe they are unlikely to be a target for cyber crime.
Demand for M&A assets to outweigh supply, survey finds
Competition for attractive insurance industry merger and acquisition targets is set to intensify in the next three years as more than 80% of insurers plan to acquire while only one third plan to divest, a Willis Towers Watson survey has found.
AIG pares back to achieve planned $25bn shareholder return
AIG plans to return $25bn (£17.5bn) to shareholders through measures including a part-IPO of its mortgage insurance subsidiary and a series of reinsurance transactions, a strategic announcement revealed today (26 January).
Henderson announces new MD and CEO
Henderson Insurance Brokers has hired Andy White, formerly of Zurich, as its new managing director.
Industry bosses encouraged to take on 'hundreds' more apprentices
The Prime Minister’s advisor for apprenticeships has called on the insurance industry to do more to embrace apprenticeships by taking on “hundreds” of new starters.
Claimant legal bodies unite in bid to shape whiplash consultation
Three prominent legal bodies are joining forces in a bid to counter insurance industry-backed proposals to remove general damages from soft tissue injuries that will form part of a government consultation document.
CII launches employer apprenticeship guide
The Chartered Insurance Institute has launched its employer apprenticeship guide as part of a drive to support firms with an appetite to take on apprentices.
Anti-competition concerns quelled as insurers back subrogation portal
The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology.
Covéa confirms involvement in subrogation portal pilot
Covéa Insurance has confirmed it is piloting the electronic subrogation portal on which Aviva and Ageas went live last week.