News
UKDN wins Allianz drainage deal
Bosses at the UK Drainage Network are celebrating a “significant” contract victory after being awarded a three year sole-supplier deal by Allianz to provide validation, investigation and repair services for all domestic drainage claims.
Atradius nominates Tesch as chief market officer
Credit insurer Atradius has nominated Andreas Tesch, chief market officer, pending approval of De Nederlandsche Bank.
PMI discount for Hong Kong based customers
Now Health International is offering prospective customers who are resident in Hong Kong the opportunity to reduce their private medical insurance premium by 15% by restricting the type of room they have access to when seeking hospital treatment.
James Gerry to chair GB Underwriting
Privately-owned managing general underwriter GB Underwriting has recruited the CEO of JLT-owned Thistle, James Gerry, to be its chairman.
Guernsey delegation to promote island in Far East
A delegation from Guernsey will be raising the profile of the island’s finance industry in the Singapore and Hong Kong markets at the start of November.
Deacon names two in marketing drive
Deacon has appointed David Hitchins to the new role of marketing manager and Adrian Potter as new business sales manager.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.
Ex-KPMG insurance leader joins RSA as NED
RSA has appointed Alastair Barbour to its board as a non-executive director as of today.
Willis strengthens property investment team
Willis Group company Willis Limited has appointed two associates to its property investors division.
Davies follows up PE buyout with Kearney appointment
Davies has today announced the appointment of former ASL board director Suzanne Kearney as head of the newly combines liability and construction & engineering business at the claims management firm.
Law Society raises Quinn concerns in Irish High Court
The Law Society has been to the Irish High Court to ensure the interests of the 500-plus solicitors who have run-off professional indemnity insurance cover with Quinn Insurance will not be affected by the transfer of some of its insurance business to…
Law Society raises concerns in Irish High Court for 500-plus solicitors
The Law Society said it has received sufficient assurances from the Irish government and the joint administrators of Quinn Insurance that the interests of the 500-plus solicitors who have run-off professional indemnity insurance cover with Quinn will not…
Mitsui takes on Axa’s property team
Mitsui Sumitomo at Lloyd’s has taken on the five-strong property owners’ team that left Axa earlier this year, led by Mike Phillips who was head of specialist markets.
Allan Clare resurfaces at Barclaycard
Former RBS Insurance risk and financial crime boss Allan Clare has moved out of insurance and into the better-resourced world of credit cards, becoming head of financial crime at Barclaycard.
Lockton appoints business development exec
Insurance broker Lockton has named Mark Amos as a business development executive for its Edinburgh professions team.
Channel Syndicate launches into health
Lloyd’s Channel Syndicate 2015 has appointed Ian Fordham of Talbot to head its new accident & health division and says another underwriter will be joining soon.
CS2 Lawyers re-brands in honour of company director
A leading campaigner behind the recent government ban on referral fees has seen the personal injury law firm where he is director named after him.
Insurers best insulated against Euro debt default worries
Insurers and reinsurers are best insulated against Eurozone sovereign debt default worries according to Ernst & Young.
Mageean vows to forge broker relationships in new role
Bernard Mageean has vowed to forge strong relationships between brokers and insurer partners after being appointed director of insurer relations at Broker Network and Countrywide.
Pemberton launches €500m private fund
Specialist private equity firm Pemberton Capital Advisors is launching a €500m European Services Fund targeting the financial services and telecommunications sectors in Europe.
XL tackles under and over insurance with property valuation product
XL insurance has joined forces with American Appraisal to offer what it claims are independent and unbiased valuations to customers.
Douetil departs in Brit boardroom coup
The consultant advising Brit Insurance on future strategy, Mark Cloutier, is to replace the insurer’s current chief executive Dane Douetil from 27 October.
Solvency II forces actuaries back on the government’s skills shortage list
A shortage of actuaries to deal with Solvency II projects has forced the UK government to relax its visa rules, according to Re Think Recruitment.
Bruce Stevenson boosts private clients
Scottish broker Bruce Stevenson has promoted Mark Richards, the former managing director of auction house Bonhams, to be director of its private clients team raising the importance of high net worth business.