News
DAC Beachcroft acquires two complex injury teams from Clyde & Co
DAC Beachcroft has acquired two complex injury teams comprising six partners and 21 legal professionals from Clyde & Co to join its Claims Solutions Group.
Axis appoints Brown to lead London PL and MGA growth
Axis has appointed Julian Brown to lead its London market professional lines managing general agency growth.
Tax and exchange rates set to push up home insurance costs
Tax and exchange rates will push up home insurance costs with the average premium rising by 1.8% to £124.
Brokers have seen no loss of business from Brexit vote
Brokers have not seen a drop in appetite for UK insurance products since the EU referendum vote last June.
Tesco Bank to exit life, GI unaffected
Tesco Bank is to withdraw from the life insurance market, but its general insurance offering will not be affected.
Fowle succeeds Slabbert as Chaucer CEO
Chaucer's Chief underwriting officer John Fowle has been promoted to CEO of Chaucer Syndicates, parent company Hanover has announced.
Quarter of insurance CEOs expect to make redundancies over the next 12 months, says PWC
A quarter of insurance CEOs expect their companies to make redundancies in the next 12 months, according to an extensive survey.
Hood Group opens Innovation Lab to attract start-ups
Hood Group has launched an Innovation Lab and created a number of new roles.
Johnson to lead FP Marine as broker joins RKH Specialty
Former CEO of JLT Thailand Mark Johnson is to become CEO of Hyperion-owned specialist marine broker FP Marine starting on 1 March.
Insurance Council of Australia to review Code of Practice
With two Senate general insurance inquiries underway and criticism around the selling of add-ons, the Insurance Council of Australia has launched a review of the General Insurance Code of Practice.
Traity launches chatbot to help people insure P2P transactions
Insurance start-up Traity has launched a new blockchain-based chatbot that could help people insure their online peer-to-peer transactions.
Bruce Carnegie-Brown confirmed as next chairman of Lloyd’s
Bruce Carnegie-Brown is to become the chairman of Lloyd’s of London.
Allianz open to making acquisitions following strong results
Allianz has said that it is open to mergers and acquisitions within the UK market following a return to profit in its full year results.
Willis Towers Watson eyes French aviation broker
Broker Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business.
Chubb appoints Matthews as Europe COO
Chubb has appointed Adrian Matthews as chief operating officer for Continental Europe.
Allianz returns to 'business as usual' with strong 2016 profits
Allianz UK saw a marked increase in operating profit in 2016, climbing to £154m from £36.3m in the previous year.
Post People 20 - 24 February
Who's moved where this week?
James Hallam acquires Motor Race Consultants
James Hallam has completed the acquisition of Motor Race Consultants Insurance Services.
Discount rate change could cost motor insurers £4.9bn
Motor insurers and reinsurers could face reserve charges of £4.9bn as a result of changes to the Ogden discount rate.
Hailstorm hits Sydney's insurers for A$40m
Over 17,500 claims have been lodged after an intense hailstorm hit Sydney on Saturday 18 February, according to the Insurance Council of Australia.
Solvency II driving demand for reinsurance
January renewals show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, according to Fitch Ratings.
Axa launches rolling news app for mid-market brokers
Axa has unveiled a rolling news app aimed at helping commercial brokers in the mid-market space better understand their clients.
FCA orders firm to reimburse 330,000 customers sold unnecessary insurance
The Financial Conduct Authority has ordered a direct mail order business with permission to sell general insurance products to pay £12.5m redress to approximately 330,000 customers.
Markel to enter surety market in March
London-based specialist insurer Markel International will enter the surety market in March this year, following the appointment of two senior underwriters.