News
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
GI players demand action after FCA life insurance investigation blunder
Aviva and L&G shares fall after investigation details are aired prematurely.
Insurers sought to back new aggregator targeting UK’s Eastern Europeans
Broker targeting same demographic could follow launch of Global Market Compare
Insurance Fraud Register backers dismiss criticisms over slow progress
Hill Dickinson fraud boss Oakes says value of the IFR is ‘incredibly limited’.
ABI won’t fight for further Flood Re inclusions despite band H U-turn
Sources say association’s public backing is result of pressure from Westminster.
Coface signs agreement with Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI) has signed an agreement with trade credit insurer Coface providing reinsurance for Japanese companies trading overseas.
Brunner joins Metlife from American Express in Asia marketing role
Ralph Brunner has joined Metlife from American Express to become the insurer's chief marketing officer for the Asia region.
Allianz seeking applicants for scholarship programme
Allianz has opened applications to its scholarship programme for personal lines brokers.
Hip replacement ruling 'should deter forum shopping'
Product liability insurers have received a boost after a judge ruled that non EU claimants have no right to sue manufacturers under the consumer protection act.
Sabre sees profits leap as GWP decreases by £10m
Motor insurer Sabre recorded a post-tax profit of £43.4m in 2013; an increase on its 2012 result of £29.7m.
Clifford Chance appointed to investigate FCA's conduct
A Clifford Chance lawyer has been appointed by the Financial Conduct Authority to carry out an inquiry into its handling of the announcement it would investigate the treatment of long-standing life insurance customers.
Bollington signs deal with Keycare on foster care product
Bollington Insurance Brokers has partnered with Keycare to include cover for lost and stolen keys in it home insurance product for foster carers.
High-net-worth firms get behind ABI’s band H stance
The Association of British Insurers' support for including band H properties in Flood Re has been welcomed by high-net-worth firms.
Questgates regional manager Scott joins Direct Group
Direct Group has hired Questgates’ Kevin Scott as head of claims development within its claims services division.
Barbican hires international casualty underwriter
Barbican Insurance has recruited Faraday Re’s Tim Mackenzie as an underwriter in the firm’s international casualty reinsurance division.
AIG boosts European trade credit team
AIG has made three new additions to its European trade credit team.
China to allow more mergers and acquisitions
From 1 June, insurers will be able to acquire insurers operating in the same product line according to the China Insurance Regulatory Commission's website.
Direct Asia eyes home insurance for Thailand
DirectAsia.com which started selling motor insurance in Thailand last September wants to sell other products including home insurance.
Ng joins Miller from China Taiping in Hong Kong
Joe Ng has joined Miller’s team in Hong Kong in a treaty reinsurance business production role.
ABI joins calls for Flood Re U-turn on band H homes
The Association of British Insurers is writing to Environment Secretary Owen Paterson in a bid to facilitate the inclusion of council tax band H properties within Flood Re.
RA Cowen boss Scott to chair latest Biba advisory board
The British Insurance Brokers’ Association has appointed RA Cowen and Partners director Grant Scott as chairman of its regional chairs’ advisory board.
Giles deal costs AJG $4.2m in expenses
Integration expenses related to the Giles acquisition cost Arthur J Gallagher $4.2m (£2.5m), according to the global broker’s 2014 Q1 results.
UK roles at risk as NIG launches offshoring consultation
NIG has entered into consultation with staff over proposals to offshore non-broker facing processes to India, Post can reveal.
Bluefin appoints Acxiom's Higgins as PE head
Bluefin has appointed Jon Higgins as its head of private equity, where he will focus on developing Bluefin’s mergers and acquisitions practice in the private equity and corporate arena.