News
RSA recruits former Benfield legal chief
RSA has today announced the appointment of Derek Walsh as its new general counsel.
Aon broker who threw laptop into pond to cover tracks could face jail
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender which potentially breached the terms of his gardening leave has been told he could face imprisonment.
Adjuster appoints new Greek head
Charles Taylor adjusting has appointed James Greene as director of its average adjusting business, Richards Hogg Lindley (Hellas), in Piraeus, Greece.
Hill Dickinson confirms Halliwells takeover
Hill Dickinson has confirmed that it is to buy Halliwells’ Liverpool and Sheffield operations.
Bridle acquires Abbot Insurance
Bridle Insurance has acquired Leicestershire-based niche personal lines broker Abbot Insurance.
Lloyd’s A+ rating affirmed by Fitch
Ratings agency Fitch has affirmed Lloyd’s of London’s Insurer Financial Strength rating at A+.
Apollo-Brit deal given 50:50 chance as PE house tipped not to raise bid
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Lloyd's faces 12 month Chinese deadline admits CIO
Lloyd’s has been set a testing 12 month deadline by the Chinese authorities to establish its underwriting platform.
Willis publishes contingent commissions paper
Insurance broker Willis has stepped up its campaign against contingent commissions issuing a white paper highlighting the conflicts of interest created by the payments.
Bollington lands FSG affinity contract
Commercial broker Bollington has entered an affinity partnership with fleet management specialist Fleet Support Group.
Amtrust Europe makes business development appointment
Amtrust Europe has appointed John Harrop as business development manager at its Nottingham office.
Miller expands property reinsurance team
Former Guy Carpenter managing director Adrian Stewart will join Miller to help lead the expansion of its property reinsurance book.
New Indian insurer receives licence
Indian engineering giant Larsen & Toubro’s new general insurance company is due to start operations after receiving a licence from the regulatory authority for commencing its business operations.
Allianz publishes CSR report
Allianz has published its first annual corporate social responsibility report.
Octagon added to Compare the Market panel
Motor insurer Octagon has joined the panel of aggregator Compare the Market.
Equity wins Mazda deal
Equity Direct Broking has landed a three-year deal with Mazda UK to run its car insurance scheme.
AIG names ex-Pru chief head of AIA ahead of listing
AIG has named former Prudential chief executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock exchange.
QBE appoints Scotland boss
QBE has appointed Maureen Robertson as commercial manager, leading its business in Scotland.
Belarusian B&B Insurance downgraded by AM Best
Balarus-based B&B Insurance Co, OJSI has had its financial strength rating downgraded to C (weak) from C++ (marginal) and the insurer credit rating reduced to ‘ccc+’ from ‘b+’, by ratings agency AM Best.
Experian reveals drop in insolvencies
The latest Insolvency Index by Experian, has revealed a year-on-year decline in business insolvencies during June.
Oak forms alliance with Westinsure
High net worth specialist Oak Underwriting has agreed a deal with Westinsure Group to provide high net worth expertise to its UK network of independent brokers.
Belarusian B&B Insurance downgraded by AM Best
Balarus-based B&B Insurance Co, OJSI has had its financial strength rating downgraded to C (weak) from C++ (marginal) and the insurer credit rating reduced to ‘ccc+’ from ‘b+’, by ratings agency AM Best.
ABI DG Kelly jumped before she was pushed claims board member
The Association of British Insurers would have been forced to sack its former director general Kerrie Kelly if she had not resigned.
Motor premiums tipped for 50% jump in two years by AA insurance boss
Fraud is helping to push car insurance premiums up at their fastest-ever rate, according to the latest AA British Insurance Premium Index.