News
Axa claims merger results in middle management job cuts
The merger of Axa’s UK claims division into a single operation has been completed at the expense of up to 13 middle management redundancies.
Pearson steps down as OAMPS UK head
OAMPS UK head Howard Pearson stepped down from his role in December 2014 as the integration of the business into Arthur J Gallagher completed, the broker has confirmed.
85 insurers gain Guernsey licence in 2014
The Guernsey Financial Services Commission licensed 85 new international insurers during 2014 - 35% of which were UK-owned.
Pen Underwriting launches commercial offering
Pen Underwriting has launched its first own-branded product; a commercial solution for the mid-market.
Capsicum looks to Guy Carpenter for partner hire
Guy Carpenter Facultative UK property and energy head Malcolm Payton is to join Capsicum Re as a partner and head of its facultative reinsurance division.
Prosight announces deal with British Mountaineering Council
Prosight Specialty Underwriters has agreed a deal to write a specialist travel insurance scheme for members of the British Mountaineering Council.
Emerging Asia's premiums grew 12.7% in 2014, says Swiss Re
General insurance premiums in Asia grew 6.6% when stripping out inflation in 2014 according to reinsurance giant Swiss Re with emerging Asia leading the way.
Ace's Kerr promoted in Australasia reshuffle
Ace's state manager Queensland Stuart Kerr has been promoted to casualty manager for Australia.
Aviva and Zurich pledge £1m funding for mesothelioma research
Insurance companies Aviva and Zurich will donate a combined £1m over two years to the British Lung Foundation’s research programme into the asbestos-related cancer mesothelioma.
Lloyd's recruits experienced broker for Australia role
Chris Mackinnon, former CEO at Gow-Gates Insurance Brokers, will join Lloyd's in Australia as general representative.
Mobius Underwriting hires underwriter from Allianz
Adam Thackeray has joined Lloyd's coverholder Mobius Underwriting Australasia.
Towergate sale enters final furlong as Cullum and Homer fall behind frontrunners
Peter Cullum and Andy Homer's hopes of reacquiring Towergate look set to be dashed as the broker seeks to bring an end to a lengthy sale process.
No FSCS compensation levy for GI brokers in 2015/16
General insurance brokers will not have to pay a Financial Services Compensation Scheme levy for costs associated with compensation in the next financial year.
Biba plotting commercial solution for properties excluded by Flood Re
Organisations representing properties excluded from Flood Re remain committed to fighting for the scheme to widen its scope, despite plans by the British Insurance Brokers' Association to provide a commercial solution for excluded parties.
Willis promotes Smaje to Willis GB broking head
Willis has promoted aerospace business CEO Philip Smaje to chief broking officer for Willis GB.
Century targets 20% GWP growth and product expansion in 2015
Commercial motor managing general agent Century Underwriting is eyeing a further 20% gross written premium growth in 2015 after chalking up £15m of GWP during the previous 12 months.
Aviva hands CRO role to SII head Woodford
Aviva Solvency II director Julian Woodford has been appointed UK and Ireland chief risk officer for the business.
NAHL reports 10.4% revenue increase in trading update
NAHL has reported a 10.4% increase in revenue from continuing operations to £43.8m for the year ended 31 December 2014.
Bricklayer gets suspended sentence for bogus £200,000 claim
A bricklayer who attempted to a claim approximately £200,000 from Axa in a personal injury scam has been handed a six month jail term, suspended for two years, after pleading guilty to contempt of court.
Paymentshield hires Rob Evans as CFO
Paymentshield has hired Rob Evans as its chief financial officer and tasked with working with the management team to delivering a business strategy for the company.
Malaysia's premiums subject to new tax
All general insurance premiums will be subject to 6% goods and services tax from 1 April.
1500 jobs at risk if Aviva's Friends Life acquisition is finalised
If shareholders agree to Aviva's acquisition of UK life insurer Friends Life then 1500 jobs are likely to be made redundant.
AA index records static home and motor premiums
The average quote for a combined home buildings and contents policy has remained static over the past three months while an average quoted motor premium rose £1, according to the AA's British Insurance Premium Index.
Biba sets out plan for more affordable regulation
The British Insurance Brokers' Association has set out a 10 point plan to achieve regulation that is better value for money in its 2015 manifesto, launched today (19 January).