News
BGL promotes Winslow and Donaldson
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
FCA will carry on FSA’s temporary product intervention rules
The Financial Conduct Authority will carry on the Financial Services Authority approach to temporary product intervention.
Hiscox launches counter-terrorism team
Specialist insurer Hiscox has launched a dedicated counter terrorism team in response to rising security fears globally.
Hiscox launches counter terrorism team
Hiscox has launched a dedicated counter terrorism team after making several new appointments to its terrorism underwriting team.
Raffles launches expat health plans
Raffles Health Insurance, a wholly-owned subsidiary of Raffles Medical Group, has launched two international health insurance plans targeting businesses in Asia Pacific. region.
Aggregators continue to rely on brokers in commercial space, states report
Online aggregators have been unable to repeat the success achieved in the distribution of personal lines insurance in the commercial arena, where specialist brokers are more heavily relied upon.
CCR net profit surges despite €55m Thai flood loss
State owned French reinsurer CCR posted net profit of €242.3m for 2012, up from €119.4m 2011.
Halting Aviva shrinkage has reached 'critical stage', claims analyst
Aviva has been described as having the worst record for earnings and dividend growth among major UK insurers, according to Investec analysis which states that halting shrinkage has reached a “critical stage”.
Questgates launches subsidence hub service
Two former Merlin employees have helped Questgates develop, manage and launch a new subsidence hub service.
New regulator pledges to 'act more decisively' than FSA
The Financial Services Authority has outlined the risks that will be a priority in the next 12 months for its successor, the Financial Conduct Authority, when it takes over on 1 April.
Validus completes LDC-backed MBO
Motor claims specialist Validus-IVC has completed a management buyout with the support of former Davies backer Lloyds Development Capital.
Quindell acquires medico-legal service provider
Quindell has acquired Isaas Technology, a cloud-based software service provider to the medico-legal and legal services in the UK and overseas, for £1.34m.
Former Davies’ COO takes Independent Group role
Former Davies chief operating officer Andy Webb has resurfaced in a new role as managing director for insurance at restoration services provider Independent Group.
AM Best withdraws ratings of Allianz France and subsidiaries
AM Best has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of "AA-" of Allianz IARD and Allianz Vie, the main subsidiaries of Allianz France SA, and the ICR of "A-" for Allianz France SA.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Ebbage joins ex-Towergate marketing boss at Absolute Partnership
Absolute Partnership has appointed Carl Ebbage as IT Director with immediate effect.
Hamburg Internationale acquires run-off portfolio
Hamburg Internationale Rückversicherung, part of Tawa Group, has acquired Lower Insurance AG’s run-off portfolio.
Wheatley tells firms ‘no need to be afraid of the FCA’
Martin Wheatley, chief executive of the Financial Conduct Authority, has vowed to take a less aggressive tone than its predecessor in its dealings with regulated firms.
Moody's confirms Generali debt ratings following planned restructure
Moody's has confirmed the 'Baa2' senior debt rating,'Baa3' subordinated debt rating and 'Ba1' preferred stock debt ratings of Assicurazioni Generali SpA, following its planned Italian organisation.
25% of consumers happy to talk insurance on social media
A quarter of customers are willing to engage with an insurance provider over social media, research has found.
Bollington announces completion of MBO
Bollington has formally separated from Groupama after concluding a management buy-out.
British Insurance Awards deadline today
The deadline for entries for the 19th British Insurance Awards is fast approaching.
Autonet appoints sales head
Staffordshire insurance broker Autonet has recruited Jonathan Walker as its new head of sales.
Hastings boss Hoffman cools talk of IPO following year of 'strong growth'
Hastings chief executive Gary Hoffman has moved to dampen speculation that his firm is manoeuvring itself to launch an initial public offering in the months ahead, but has refused to rule out a float in the long-term.