News
Merlin clients and staff seek new homes after facilities firm quits takeover talks
After almost two decades in the insurance industry, loss adjuster Merlin Claims went into administration last week, arguably the victim of a private equity deal that saddled it with too much debt and a dwindling client list.
Brightside recruitment tops 1000 in south west after Asda win
Brightside has recruited 48 people in the south west as a result of the broker's recent partnership with Asda.
Henderson smells success after winning cheese maker deal
Henderson Insurance Brokers Teesside has won a contract handling cheese maker Wensleydale Creamery's insurance needs.
Towergate confirms London Markets roles at risk
Towergate has confirmed this morning that employees in its London Markets business are subject to a period of consultation, which could result in redundancy.
Aviva backs Pedal Safe cycling insurance
Aviva, Brit and Jubilee have begun jointly underwriting cyclist insurance product Pedal Safe.
FOS receives more than 1000 PPI claims a day
The Financial Ombudsman Service has revealed that it now receives 1500 payment protection insurance complaints every day, taking the overall total beyond 400 000.
Foreign Office launches travel campaign
The Foreign Office and Abta have unveiled a campaign urging holidaymakers to take out travel insurance, highlighting the dangers of balcony jumping.
'We've stopped the rot', says Oval CEO Blanc ahead of results
Oval Insurance Brokers will report a 6% boost in gross sales and a "headline profitability" of £15m when it publishes its results for the year ending May 2012 later this week.
Cobra directors Zandler and Lincoln resign
Two Cobra directors have resigned from the broker less than a month after shareholders accepted Alto Intermediary's offer to acquire the business.
Barbon chairman Tim Redburn steps down
Tim Redburn has resigned from his role as chairman of property insurance broker Barbon after five years.
Quindell buys Intelligent Claims Management
Quindell has acquired cloud-based claims management network Intelligent Claims Management.
LV wins tennis sponsorship deal
LV has agreed a new tennis sponsorship deal with IMG-owned Statoil Masters Tennis.
Merlin director Russell Crewe joins Direct Group
Former Merlin director Russell Crewe has joined Yorkshire-based insurance solutions provider Direct Group seven months after LAS Claims stated he would be joining its team in 2013.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Thai insurers back new E-claim service for RTAs
Victims of car accidents in Thailand will be treated by hospitals whether they have insurance or not under a new scheme launched by local insurers and the Office of the Insurance Commission.
Oxygen Holdings goes into liquidation
Oxygen Holdings has gone into liquidation 10 months after selling much of its business.
Markel UK recruits broker manager from Chartis
Markel International has appointed Julia Churchill as broker development manager for the southern region.
Chinese financial institutions need to improve risk management
Competition in the industry and a more complex financial environment now outweigh regulatory factors as key considerations for risk management at large financial institutions in China, according to a survey.
Lorica makes senior hires as recruitment drive continues apace
Lorica has unveiled a string of appointments this afternoon, including a branch director for its newly opened Leeds operation.
QBE Europe teams up with Autoglass
QBE Europe has signed a deal with Autoglass for its core glass services.
QBE teams up with Autoglass for repair and replacement
QBE Europe has appointed Autoglass as preferred supplier for its core glass services.
RK Harrison recruits cyber specialist from Marsh
RK Harrison has appointed David Rees as head of cyber practice in its specialist casualty team.
Groupama achieves record 20% rise in profits for H1
Groupama has recorded a 20% rise in profits before tax for the first six months of 2012 to £22.2m.
Italy's drought crop damage close to $1bn
Italian farmers have suffered nearly €1bn ($1.23bn) in crop damage from drought, according to farm industry organisation Confagricoltura.