News
Judge dismisses £60k claim for nightclub accident
A judge has thrown out a £60 000 claim for an alleged nightclub dance floor accident citing lack of credible evidence.
Marsh France COO Cipiere to lead RSA's French business
RSA has appointed Marsh France chief operating officer Corinne Cipiere as its new managing director in France.
Zurich UK CRO Dodds exits the business
Zurich’s chief risk officer for UK general insurance Gerald Dodds has left the company after 10 years in the role.
Aon CEO defends merits of sidecar deal
Aon’s chief executive has defended the firm’s sidecar deal with Berkshire Hathaway in his first speech at Lloyd's since the broker moved its headquarters to London.
Bodyshops launch fairness campaign
The National Association of Bodyshops has begun a new campaign to rebuild relationships with insurers and claims management companies under the umbrella of "treating bodyshops fairly".
BGL follows Les Furet with Hoy Hoy for Dutch market
BGL Group has rebranded its price comparison business in the Netherlands as Hoy Hoy.
Brightside CEO puts ball in Markerstudy's court on potential sale
Brightside chief executive Paul Williams has refused to hang a 'for sale' sign over the broker as he plots to launch a managing general agent this summer.
LV Broker unveils new retailer covers
LV Broker has launched a new insurance product for retailers as part of a plan to expand in the SME market.
ABI investment arm to merge with IMA
The Association of British Insurers has agreed to merge its investment activities with the Investment Management Association, creating a new trade body.
Reinsurer capital up 7% in 2013
Global reinsurer capital totalled $540bn at December 31, 2013, an increase of 7% ($35bn) over the year according to Aon Benfield Analytics.
Chase Templeton snaps up Scottish PMI specialist
Private medical insurance specialist intermediary Chase Templeton has completed its second acquisition within a week with the purchase of specialist Glasgow intermediary Chartered Life.
'Ruthless' Bradford ghost broker jailed for First Central scam
A Bradford ghost broker who defrauded both First Central and his clients has been jailed for selling invalid car insurance policies to motorists across the city.
BGL launches executive programme with French business school
BGL Group has developed a new director-level programme in collaboration with French business school INSEAD.
Hastings boss positive on motor market after increasing rates
Hastings chief executive Gary Hoffman believes 2014 could be the year the motor market finally turns, after revealing that his firm has begun increasing motor rates.
Biba boss extends industry welcome to incoming financial secretary
British Insurance Brokers’ Association chief executive Steve White is confident the sector will enjoy an equally “good relationship” with incoming financial secretary to the Treasury Nicky Morgan as it maintained with her predecessor.
Hastings posts reduced profits but continues GWP growth
Hastings reported a £10.8m drop in profit before tax for the 2013 financial year to £49.6m (2012: £60.4m)
Nicky Morgan replaces Sajid Javid as 'insurance minister'
Economic secretary Nicky Morgan is stepping up to replace financial secretary to the Treasury Sajid Javid following his appointment as culture secretary in the wake of the resignation of Maria Miller.
Co-op adamant sale uncertainty did not hurt business
Senior insurance bosses at Co-operative Insurance claim uncertainty around the sale of the business did not impact momentum within the company last year.
RSA rights issue receives subscriptions for 95.67% of shares
RSA chief executive Stephen Hester has welcomed “the successful outcome of our rights issue” after the insurer found subscribers for 96.67% of the new ordinary shares issued.
Guy Carpenter appoints Utkueri to head Turkish operations
Guy Carpenter & Company has appointed Okan Utkueri as managing director and head of the broker’s Turkish operations as it seeks to expand its presence in the region.
UK among most SII ready but Pillar 3 presents 'major challenge'
Nearly 80% of European insurers expect to meet Solvency II requirements before January 2016 with Dutch, UK and Nordic firms outstripping their French, German, Greek and Eastern European counterparts in terms of readiness.
Public and insurers prepare for cyclone Ita in Queensland
Cyclone Ita, currently a strong category 3 storm, is expected to make landfall in North Queensland, Australia, on Friday 11 April.
Fosun in HK$5.18bn refinancing
Chinese conglomerate Fosun International, which owns large stakes in several insurance companies, is planning a HK$5.18bn ($668.1m) rights issue to raise capital.
$7bn of insured natural disaster losses in Q1 2014
Insurers had to pay out $7bn in insured losses caused by natural disasters in the first quarter of the year according to catastrophe modeller Impact Forecasting.