News
Non-payment may be insufficient grounds to deny cover following Grexit
European insurers’ credit exposure to Greece is likely to be ‘manageable’ in the event of a Eurozone exit, but firms underwriting Greek individuals and business could face protracted contract disputes, market sources have warned.
Insurers warned to 'remain cautious' if Iran sanctions are lifted
The possible relaxing of sanctions against Iran offers a tempting source of new business but insurers must remain vigilant when considering entering into business arrangements with the state, international lawyers have warned.
Adrian Colosso to retire from Howden at end of the month
Adrian Colosso will retire from his position as CEO of Howden UK at the end of July 2015, parent company Hyperion Insurance has announced.
Autoglass aiming for greater efficiencies with new facilities hire
Autoglass is hopeful the appointment of Melvin Rolling to head up its fleet, property and health and safety functions in a newly created role will lead to greater efficiencies at the windscreen repairer.
New uninsured drivers' agreement signed off
The Motor Insurers' Bureau is to implement an updated uninsured drivers' agreement that will come into force for accidents occurring on or after 1 August 2015.
Dual looks to capacity provider Arch for claims head hire
Angus Watson has been appointed global chief claims officer at Dual, Hyperion Insurance Group's underwriting arm.
Mugge appointed Towergate CFO
Towergate chief operating officer Mark Mugge has been appointed group chief financial officer at the company.
Egan to exit Towergate for RSA CFO role
Towergate interim CEO Scott Egan is to join RSA as group chief financial officer and executive director with an annual salary of £525,000.
Innovation Group urges insurer agility for success in digital era
Only insurers that are flexible enough to reshape their business to adapt to digital and economic challenges will succeed, according to an Innovation Group report, released today (7 July).
Stackhouse Poland acquires parish council and HNW brokers
Stackhouse Poland has acquired Came & Company and Parish Council Insurance Brokers.
Fraudster who claimed £40,000 losses from shop fire handed suspended sentence
A fraudster who exaggerated the value of a large claim against RSA has been sentenced to 10 months in prison, suspended for twelve months, and ordered to do 160 hours Community Service.
Gable ditches Numis as nominated advisor after eight months
European insurer Gable has appointed Zeus Capital as its nominated advisor and broker.
Aviva tipped to replace Axa Assistance as Homeserve underwriting partner
Homeserve is set to appoint Aviva as its underwriting partner in a move that will bring the home emergency services company's eight year relationship with Axa Assistance to an end, Post understands.
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
Willis adds three to network membership
Three new brokers have joined Willis Networks taking its total membership to 119.
RSA claims Irish tribunal judgement is 'not supported by evidence'
RSA has confirmed its intention to appeal the decision of Ireland’s Employment Appeals Tribunal, which found in favour of former Irish CEO Philip Smith.
Ecclesiastical underlines credentials as Aviva launches church insurance joint venture
Faith insurer Ecclesiastical has reiterated its position as the “first choice for the Anglican community” following the launch of a joint venture between Aviva and Stackhouse Poland targeting Church of England parishes.
Thistle hires former Brightside CEO Williams
Former Brightside CEO Paul Williams is to become managing director of JLT-owned Thistle Insurance Services.
Post reveals consumer champions as Trust Insurance Taskforce
As part of its campaign to improve trust in the insurance industry Post has announced a taskforce of consumer champions, who will challenge insurers thoughts, beliefs and processes, and provide much need feedback and a realistic view of what customers…
Markel appoints new senior underwriter and head of professional indemnity
Markel International has appointed David Sawyer as senior underwriter and head of professional indemnity in its professional and financial risks division.
Bluefin makes regional hires in Milton Keynes and Northampton
Bluefin has hired Nick Pay and Paul Scott as branch directors in Milton Keynes and Northampton.
AA sees spate of motor claims from ‘giant' hailstones
AA Insurance estimates hailstorms last week in the north east of England have damaged 1700 cars worth up to £1.5m.
Every firm is a potential target as Ace completes second largest deal in insurance history
UK insurance companies have been warned that no firm is immune from purchase as companies feel the need to ‘eat each other’s lunch’ to solve organic growth challenges in what has been labelled a ‘mad’ consolidation environment.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.