News
Small firms struggling to be ready for Solvency II despite repeated delays
Survey reveals dissatisfaction over directive’s perceived cost-benefit ratio
Conduct is most concerning emerging risk for London market internal auditors
FCA perceived as being more focused on London market than its predecessor
Brokers warn over impact of renewal transparency plans on direct insurers
ABI sends FCA letter asking it to enforce minimum standards of information
Motor sector faces fresh scrutiny for failings over premium payment options
Customers offered monthly payment by default despite choosing to pay yearly
GI firms urged to adopt whistleblowing policies as FCA review is mooted
Issue brought into spotlight following release of CII ‘Speaking Up’ guide
ULR CEO departs one month after Cardamon sale
The chief executive of legal expenses provider ULR Additions has departed the firm just over one month after it was sold to claims investment group 116 Cardamon.
Quindell founder committed to pursuing legal action against Gotham
Quindell will continue to pursue legal action against Delaware-based research firm Gotham City, despite the difficulty given their US jurisdiction, executive chairman Rob Terry has confirmed.
RSA and Allianz team up with Una on SME package
Independent broker alliance Una has launched an insurance package for SMEs alongside insurers RSA and Allianz.
Deakin promoted to Gallagher International COO
Arthur J Gallagher UK commercial director Janice Deakin has been promoted to chief operating officer of Gallagher International.
Treasury minister Morgan handed education remit
Nicky Morgan has been handed a new role as secretary of state for education just over three months after being named as replacing Sajid Javid.
Ageas inks Family Building Society partnership
Ageas has confirmed a deal to provide home, buildings and contents cover for customers of Family Building Society.
Environment secretary Owen Paterson ‘sacked’
Incumbent environment secretary Owen Paterson will depart the cabinet as part of a reshuffle being announced today, according to reports.
Absolute recruits former London 2012 cybercrime advisor
Insurance investigator Absolute Partnership has named one of the UK’s leading cybercrime experts as its new director of data and intelligence.
Towergate Underwriting pair poached by Gallagher
Arthur J Gallagher has snapped up Towergate Underwriting duo Andy Westby and Simon Lewer for its online managing general agent division’s senior management team.
Quest Partnership appointed to handle Balva liability claims
Liability adjuster The Quest Partnership has been appointed to handle liability claims following the failure of Latvian insurer Balva.
Caretaker Zurich boss Smith targets 10% share of SME market
Zurich will attempt to wrestle control from established SME players Axa and Aviva in order to secure a 10% market share following the launch of its broker-only e-trading platform, according to interim UK general insurance chief executive David Smith.
Ghost broker sentenced to three years in jail
A ghost broker who targeted Manchester students has been sentenced to three years in jail.
IRS purchase will see Lark surpass £26m of annual revenues
Lark Group has moved to boost its annual revenues to more than £26m with the acquisition of Suffolk-based commercial broker Insurance Risk Solutions.
Former RSA CEO Haste named Wonga chairman
Former RSA and Axa Sun Life chief executive Andy Haste has been appointed as chairman of payday lender Wonga with immediate effect.
Axa recruits three in Scottish agriculture growth drive
Axa has recruited a trio of underwriters as part of a bid to drive growth in North East Scotland, with a particular eye on the agricultural sector.
Triton Global promotes three to partner status
Legal services provider Triton Global has promoted three staff to the role of partner, effective 1 August.
DLG reportedly in ‘advanced talks’ over German and Italian disposals
Direct Line Group is in advanced negotiations over the sale of its operations in Germany and Italy according a report from Reuters.
RSA UK claims boss Pitt to replace Hannah as Esure COO in Q4
Esure has appointed RSA’s claims director for UK and Western Europe David Pitt as its chief operating officer.
Gallagher Insurance Solutions loses two senior execs
Two senior executives have left Gallagher Insurance Solutions to take on other commercial interests, broker Arthur J Gallagher has confirmed.