News
JLT appoints group finance director
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Chinese firms top reputation survey
China-based companies have taken the top two spots in Millward Brown’s annual Brandz survey to find the top rated insurers.
Zurich's CEO joins $12trn investors to urge G7 climate pledges
Martin Senn, Zurich's global CEO, has signed a letter with some of the world's leading investors calling for urgent action on climate change.
Tokio Marine Kiln appoints political risks underwriter in Singapore
Edmund Lee has joined Tokio Marine Kiln as a trade and political risks underwriter in Singapore.
Updated: Gallagher at risk of FCA penalty from s166 review
Arthur J Gallagher says it cannot rule out the possibility of being fined or penalised by the Financial Conduct Authority after a quarterly statement from the company revealed the regulator had called for a skilled person's review of parts of the broker…
Insurance quiz of the week - 22 May 2015
Insurance supremo, or need to swat up?
Aon highlights increased European terrorism threat
Aon has identified nine developed economies as being at an increased risk of terrorism, including seven from Europe.
Equinox Global appoints King as head of UK and Ireland
Lloyd's coverholder Equinox Global, which specialises in trade credit insurance, has appointed Nick King as head of UK and Ireland.
Hill Dickinson appointed CHO associate member
Hill Dickinson has joined the Credit Hire Organisation as an associate member with fraud head Peter Oakes coming on board the CHO's executive committee to advise on counter fraud strategies.
Regulatory spotlight leads to IUA delegated authority group
A London company market committee run by the International Underwriting Association is being established to discuss delegated underwriting authorities.
R&Q to buy IC Insurance for £17m
Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.
Brit plans to delist on 23 June
Brit has written to the UK Listing Authority and London Stock Exchange for its shares to be delisted.
Amount spent on insurance transactions has soared in 2015
The year so far has seen the most amount of money and shares spent on insurer, reinsurer and broker acquisitions since 2008 according to financial information group Dealogic.
Axa to divest €500m of coal assets by end of 2015
Henri de Castries, the global CEO of Axa, has announced the insurer will sell €500m of its holdings in coal companies over climate change concerns.
Insurers to suffer COR deterioration as motor premiums plummet by £400m
Motor insurers are facing a couple of challenging years in which the market average combined operating ratio could deteriorate to 105%, according to Deloitte calculations based on declining motor premiums.
Ex-insurance employee given suspended sentence for fraud
A former City insurance employee who made six sham insurance claims for designer goods and gadgets has been handed a suspended jail term and ordered to repay tens of thousands of pounds to his victims at the Old Bailey.
ABI speaks out against FCA survey results
The Association of British Insurers has hit back against the findings of a report by the Financial Conduct Authority on the relationship between insurers and small and medium enterprises.
Hatton Garden raid loss unlikely to be known for some time
The true scale of the Hatton Garden jewellery raid is unlikely to be known "for some time", according to Cunningham Lindsey's high net worth specialist Simon Willsmer.
Social media marketing must be 'authentic', warns Facebook boss
Social media can be a valuable marketing tool for businesses but must be reflective of their identity to truly resonate with customers, according to Facebook’s UK head of financial services.
Generali unveils German repositioning
Generali has embarked on a strategic repositioning of its operations in Germany that it hopes will enhance the company's competitive position there.
Zurich on acquisition hunt with £1.9bn excess capital
Zurich Group has $3bn (£1.9bn) in excess capital it intends to spend by the end of 2016 either through merger and acquisition activity or return of capital to shareholders.
Livestock on pavements law could hold up driverless car trials
Government lawyers are looking to redraft the Highways Act 1835 to allow the trails of driverless cars to proceed.
FCA approves Quindell professional services arm sale
The Financial Conduct Authority has approved the £640m sale of Quindell's professional services division to Australian law company Slater & Gordon.
Besso looks to make Dubai move
Besso Insurance Group is in the process of obtaining permissions to establish a reinsurance broking and managing general agency in Dubai.