News
Underwriter moves back home for Arista role
Commercial lines underwriter Arista Insurance has appointed Gary Davies as development underwriter for the West of England.
Aviva plays down speculation on Irish branch closure
Aviva bosses have attempted to pour cold water on widespread speculation that the insurer is to shut down its entire Irish network of 26 branches by next summer.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
Aviva to close all Irish branches by June 2012
Aviva Insurance plans to close all 26 branches in its Irish network by June 2012 with the loss of up to 1,250 jobs, according to reports in the Irish press.
AM Best assigns “A-“ ratings to Garant Versicherungs
Ratings service AM Best has assigned a financial strength rating of “A-“ (Excellent) and an issuer credit rating of “A-” to Garant Versicherungs-Aktiengesellschaft.
FSA appoints Montagu chairman of FOS
The Financial Services Authority has appointed Sir Nicholas Montagu KCB as the new chairman of the Financial Ombudsman Service.
Garwyn CEO pledges to add a "personal touch"
Garwyn’s CEO has vowed to stay in the role long-term and incorporate the “best elements” of his predecessor’s three year plan into his own two-pronged approach.
Allianz wins Endsleigh underwriting deal
Allianz Retail has secured a deal with Endsleigh to underwrite the insurance for its new gadget cover which targets graduates who have recently left student accommodation.
Catlin marine and transport division takes underwriting team of the year 2011 title
Ace Europe and Catlin were both double winners at the 2011 Underwriting Service Awards last night at the Kia Oval.
Moyes chooses Momentum for start-up
Terry Moyes, who quit Oval to start his own broker business, has signed up with the Momentum network, run by former Oval boss Howard Pepper.
Capita promotes Brent Escott to divisional director for GI
Capita’s general insurance division has appointed Brent Escott to divisional director.
ABI Motor 2011: Whiplash needs to be referred to as “neck pain”
In a keynote address at the Association of British Insurers Motor Conference, Jonathan Evans MP, chair of the All Party Parliamentary Group on insurance & financial services, said that people have got to stop using the word ‘whiplash’ as though it is …
Express secures KTM’s first cover deal
Express Insurance has clinched the first ever insurance tie-up by Austrian motorcycle manufacturer KTM and will run a subsidised policy underwritten by Groupama for new bikers.
ABI Motor 2011: Number plate eye test “not fit for purpose”
Speaking on how we can improve the way young people learn to drive and improve road safety generally at the Association of British Insurers Motor Conference, Jon Sellors, group head of thought leadership at RSA, said that an important but overlooked…
Aviva appoints new Ireland CEO to oversee structural overhaul
Aviva has appointed Seán Egan to the role of chief executive officer, Aviva Ireland, subject to regulatory and board approval.
Junction names e-commerce and marketing director
Affinity specialist Junction has appointed Vincent Chaney as e-commerce and marketing director.
Eurozone turbulence threatens insurers’ balance sheets
Ongoing market turbulence within the region and recessionary pressures threaten to undermine the strength of eurozone insurers’ balance sheets, according to a report by AM Best.
Aviva replaces Irish CEO as UK merger gathers momentum
Aviva Ireland has today revealed that chief executive Dermot Browne will leave the insurer at the end of the year, to be replaced by former transformation director Seán Egan.
ABI Motor 2011: Government “out of touch” with seriousness of referral fee problem
In the absence of Mike Penning, parliamentary under-secretary of state for transport, John Woodcock MP, shadow minister for transport, suggested that there should be criminal prosecution for the worst offenders of referral fees.
Lloyd's to scrap 60 jobs in efficiency drive
Lloyd’s is axing 60 jobs in a bid to reduce its budget by £17m next year.
Zurich scores hat trick at risk management awards
Zurich took three accolades at this year’s Risk Management Awards.
BSIA calls on insurers for support in fight against theft
The British Security Industry Association is calling on insurers to back the fight against rising levels of heavy machinery theft, following two recent incidents in Kent where criminals used mini diggers to rip out ATM machines.
ABI Motor 2011: Telematics is the biggest challenge facing aggregators
Speaking at the Association of British Insurers Motor Conference on what the future face of distribution looks like, Tom Cooper, pictured, executive director at Igo4, said that within 15 years we could have a market where everyone is rated on a…
Softer capital charges for bonds positive for European insurers
European Commission proposals to lower capital charges for longer-dated unsecured corporate and financial institution bonds should mitigate the capital flight from these asset classes that is a likely side-effect of Solvency II, says to Fitch Ratings.