News
Insurance Fraud Awards 2014: The winners
Ageas was acclaimed as having the fraud investigation team of the year at last night's Insurance Fraud Awards.
CHO calls for motor execs to back launch of GTA portal
Senior motor insurance executives have been sounded out by the Credit Hire Organisation on plans to push ahead with the launch of an electronic portal to complement the existing general terms of agreement protocol.
AGCS names Hirs as CEO as Booth retires
Allianz Global Corporate and Specialty is to promote chief financial officer Chris Fischer Hirs to chief executive as the insurer restructures following the retirement of Clement Booth.
Cooper Gay recruits from Willis for Hong Kong managing director
Cooper Gay Asia has appointed Karen Lieu managing director of its Hong Kong business to bolster its SME offering.
Less than a third of customers trust insurance providers, finds PWC research
Less than a third of customers trust insurance providers, according to research from PWC, leading to the sector being ranked lower than retail banks and financial advisers.
Suspension of Xchanging merger could trigger commercial costs
The suspension of Xchanging’s merger with Agencyport could be costly for the firm, according to John Milligan, partner in EU and competition law at Clyde & Co.
Scale not an issue for Aon as UK boss Christian targets acquisitions
Aon has the investment and inclination to make a substantial UK acquisition, providing the culture of target businesses aligns with the broking giant’s own operational philosophy.
Women's network 'too strident' for some members of Worshipful Company of Insurers
The Independent Women in Insurance Network has been criticised as being “too strident” by some members of the insurance industry, according to steering committee chair Barbara Merry.
Aviva claims boss Scott follows Clayden to QBE
QBE has recruited Aviva’s Paul Scott as its head of motor and liability claims, to work with the Norwich insurer’s former GI claims director Dominic Clayden.
Banks hikes Ukip funding to £1m after ‘nobody’ jibe
Brightside and Go Skippy founder Arron Banks has pledged to increase his backing for the UK Independence Party ten-fold, citing Conservative MP William Hague calling him a “nobody”.
Insurers struggling to grasp flood exposures says S&P
Home insurers may be at risk of understating their flooding exposures due to a combination of poor data and a lack of models, according to Standard & Poor's.
CFC recruits first contingency practice lead
London underwriting agency CFC has named its first contingency practice leader to spearhead its expansion into the market.
Aon Hewitt Consulting appoints Andrulis to South-East Asia role
Jeremy Andrulis has been appointed Aon Hewitt Consulting South-East Asia chief executive.
Jelf purchases Midlands broker Cronin & Co
Jelf has completed a deal to purchase Barnt Green-based intermediary Cronin & Co Corporate Insurance Brokers, adding to the consolidator’s presence in the Midlands.
Lockton buys Griffiths & Armour's Scottish operation
Lockton has completed a deal to acquire the Scottish office of Griffiths & Armour, giving the former its first office in Glasgow.
Google aggregator hit by £12m loss
Price comparison site Google Compare has notched a pre-tax loss of £12m in its second set of full year accounts since being acquired by the search giant in 2011.
AIG teams with Ascot for Bermuda reinsurance launch
AIG has partnered with Lloyd’s insurer Ascot to unveil a new Bermuda-based reinsurance platform.
Video: Chartered Institute of Loss Adjusters president Mike Jones
Speaking to Post news editor Callum Brodie two days after inheriting the CILA presidency from Candy Holland, Mike Jones outlined his plans to help bring through the next generation of adjusters, while changing the institute's qualification structure and…
County Insurance secures Cullum-backed MVP investment
Independent broker County Insurance has completed a deal with Peter Cullum’s funding vehicle Minority Venture Partners.
Pre-tax profit up 16% at Arthur J Gallagher (UK) last year
Arthur J Gallagher (UK) has attributed the retention of key clients and the winning of new business for an uptick in full year pre-tax profit to £15.3m in 2013 (FT 2012: £13.2m).
Ofcom fines Ageas Retail £10 000
Ageas Retail has been fined £10 000 by Ofcom for making abandoned phone calls to consumers.
Banks confirms UKIP MP plans
Go Skippy and Brightside founder Arron Banks has confirmed he plans to run as a UKIP candidate to become a member of parliament for the Gloucestershire constituency of Thornley and Yate.
Axa business manager King joins Ageas' key account team
Ageas has appointed Axa’s Dan King as a broker account executive as part of a bid to boost expertise within its key account team.
Canopius looks to Towergate for marine division expansion
Canopius Group has appointed two former Towergate employees to grow its presence in the UK marine and pleasurecraft market.