News
Willis appoints Latin America reinsurance CEO
Willis Group Holdings has appointed Antonio Tosti to the newly-created role of chief executive of Willis' Latin America reinsurance business.
FSA to end client exposure and abolish unclear risk transfer agreements
The Financial Services Authority is to publish a consultation on changes to its client money rules around risk transfer by the end of this month, in a bid to abolish ambiguous insurer agreements.
CHOs slam decision to refer motor market to Competition Commission
Credit hire operators have called for resources to be redirected to improving the Association of British Insurers-backed general terms of agreement rather than towards an investigation by the Competition Commission into the "dysfunctional" motor…
Law report: Solicitors did not have to advise on surgery
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Costs case underscores need for explicit settlement withdrawal
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Ability to pay must be considered
Law reports contributed by national law firm Berrymans Lace Mawer.
Market moves: Broking steps up the recruitment push
This week the recruitment space belonged to the broking community, which saw major moves across the sector. In the past seven days, Willis, Lorica, Giles and Lockton all named new senior staff.
Omega shareholders approve £164m acquisition by Canopius
Omega shareholders have backed Canopius' bid to buy the business meaning the acqusition could go through in July.
"Strong likelihood" of redundancies as Covea scraps aggregator plans
MMA Holdings has confirmed that it will not be launching an aggregator platform as it "does not fit" with its core UK business and plans for future growth.
Norton Rose bolsters French practice with new appointments
Global law firm Norton Rose has recruited Hogan Lovell's Bénédicte Denis as a corporate partner in its Paris office.
CILA could play regulatory role if Insurance Mediation Directive is passed
The Chartered Institute of Loss Adjusters could change its remit to become a regulator if leaked European regulation to oversee the industry is introduced, according to its president Simon Burley.
Hyperion sets sights on US consolidators after £95m buy
Hyperion chief executive David Howden has vowed to make a swift return to the acquisition trail following its £95m takeover of Lloyd's broker Windsor last Friday - the group's largest deal to date - thus creating a "credible alternative" to the new wave…
Broker Network and Aviva end deal
Aviva has decided to end an arrangement with Broker Network as its preferred partner following a breakdown in the relationship.
Property rebuilding costs continue to slow
The annual rise in the UK's index of house rebuilding costs is continuing to slow down, according to the Building Cost Information Service of the Royal Institute of Chartered Surveyors.
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.
Willis Re appoints Angelini-Hurll to newly created role
Willis Re has appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
James Hallam develops insurer ranking matrix
James Hallam brokers has developed a ranking matrix for all insurers it deals with.
FSA authorisation time for new firms still on the up
The amount of time the Financial Services Authority takes to approve new firms has risen for a third consecutive quarter, according to data seen by City law firm Reynolds Porter Chamberlain.
Posner would consider another role
Following his decision to step down from his board position at QBE, Howard Posner has told Post that "winding down" was always his long-term plan.
Hardy leaves CEO role at Axa
Steve Hardy has stepped down as chief executive of Axa Personal Lines.
Cooper Gay energy chairman retires
Tony Pickering, executive chairman of Cooper Gay's energy division, has retired.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
Zurich appoints Butt as head of sales
Zurich has appointed Valerie Butt as head of sales, distribution and marketing for global corporate, effective 1 July.
MDS Holdings recruits international specialist to spearhead expansion plans
European and Latin American broker MDS Holdings plans to expand its global footprint beyond its current Portuguese, Angolan and Brazilian territories.