News
Merrill to lead Ace's global cyber risk practice
Ace has named Toby Merrill as the head of its newly launched global cyber risk practice.
Two brokers in firing line as FCA issues warnings
Two broking bosses have been given warning notices by the Financial Conduct Authority relating to management issues and client money handling.
Broker FSCS levy drops 39% as PPI fears ease
Final levies for insurance brokers have dropped by almost 40% in figures released today by the Financial Services Compensation Scheme.
Marsh joins HCC boards as Bishop departs
Nicholas Marsh has been appointed as non-executive chairman of both HCC International and HCC Underwriting Agency.
RSA emerging markets CEO Whittaker named group COO
RSA has appointed its chief executive of emerging markets Paul Whittaker to the role of group chief operating officer.
Last of crash for cash death gang jailed
The final prosecution over a fatal road traffic collision intended as an insurance fraud has seen Ireneusz Marek Staniak , 43, from Berners Avenue, Ealing last week jailed for nine years for causing death by dangerous driving.
QBE reviews US business
Australian insurer QBE is carrying out a strategic review of its US mid-market unit meaning it could be sold.
A$8.4m of losses from cyclone Ita
According to the Insurance Council of Australia, insurers have received 680 claims (by noon on 15 April) in the aftermath of cyclone Ita, with insurance losses estimated at A$8.4m.
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
RSA will not replace departing CMO Markey
RSA has no plans to recruit a new chief marketing officer when long-time incumbent Pete Markey departs on April 25.
Towergate claims boss Gifford resigns
Towergate’s long-serving claims director is to leave the broker at the end of the month after resigning, Post can reveal.
Consolidation expected as China relaxes M&A rules
KPMG is predicting an increase in sector consolidation following China’s decision to relax merger and acquisition rules for its insurance industry.
Hodges to build on 'fantastic track record' with future acquisitions
Towergate group chief executive Mark Hodges remains confident in his firm’s ability to acquire businesses in the wake of Arthur J Gallagher snapping up brokers Oval and Giles.
Unrated insurers tighten grip on solicitors' PI market, states report
Unrated carriers have consolidated their market share within the solicitors’ professional indemnity arena, according to an annual study by the Law Society.
Thompson appointed to Argenta Syndicate Management board
Argenta Syndicate Management has appointed David Thompson to its board with effect from 1 April 2014.
Towergate to axe 750 branch jobs
Towergate is to cut 750 roles across its branch network as part of a process to transfer business to a new Manchester call centre.
Biba appoints ES Risk for engineering scheme
The British Insurance Brokers’ Association has appointed ES Risks to provide its new engineering insurance and inspection scheme.
Capita hires former Staysure deputy to head specialist insurance businesses
Capita has appointed Andy Bord as managing director of its specialist insurance businesses which include National Dental Plan, Fish and Capita Specialist Insurance Solutions.
Ball exits Cunningham Lindsey for break from industry
Cunningham Lindsey building claims services director Geoff Ball has stood down from the company's board and is to leave the business with immediate effect.
New PI report seeks to dubunk myth of 'compensation culture'
Personal injury sufferers in the UK face losses of thousands of pounds, as well as financial and emotional hardship, according to a report commissioned by National Accident Helpline.
Bluefin hires former JLT business development manager
Bluefin has expanded its affinity development team with the appointment of Toni Dines as business development manager, effective 1 April.
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
Aviva sells stake in South Korean life business
Aviva has sold its 47% stake in South Korean business Woori Aviva Life Insurance to Nong Hyup Financial Group.