News
Pro Global completes share buyback after staff departure
Pro Global Insurance Services has bought back more than 31,000 in the company after the departure of one of its employees.
DAS removed from S&P's Creditwatch list
Standard and Poors has removed DAS from its negative Creditwatch and affirmed the provider's A rating following a £14m capital injection and improvement in its governance framework.
L&G direct sales growth a result of 'enhanced digital capabilities'
Legal & General recorded a 16% year-on-year increase in gross written premium within its direct business in the first quarter of 2015 despite a 4% drop in total GWP over the same period.
Soft market conditions the biggest concern for reinsurers
Soft market conditions are the biggest concern for the reinsurance market, according to the results of Xuber's Global Reinsurance Survey 2015.
Zurich's McManus takes Aon HNW role
Former Zurich personal lines broker head Ian McManus is to join Aon Risk Solutions as high net worth proposition head.
Brightside pegged as Autonet purchaser
Bristol-based broker Brightside is said to be pursuing Autonet Insurance Services - a previous acquisition target of Arthur J Gallagher.
The Burley Group agrees refinancing package with Yorkshire Bank
Sheffield-based commercial broker the Burley Group is plotting new business wins and investment in recruitment after completing a six-figure refinancing deal with Yorkshire Bank.
MGAA Matters Survey reveals most desirable skillsets
Communication and entrepreneurial skills are seen as the most important skills that UK managing general agents require of their employees according to the third Managing General Agents' Association Matters Survey.
TT Club's 2014 COR improves to 85.6%
Transport insurer TT Club has reported increased gross written premiums for the 12 months ended 31 December 2014 to $182.2m (£120m) from $181.1m the year prior.
Young motorists unimpressed with efforts to reduce cost of driving
Six out of 10 young drivers polled by Carrot Insurance claim the coalition government has not done enough to tackle the cost of driving, with 26% stating they will not be voting in tomorrow’s (7 May) general election.
Davies appointed as claims partner by MGA Modus
Loss adjusting firm the Davies Group has been appointed by Modus as claims partner across all lines following a competitive tender process.
DLG sees GWP dip marginally in Q1 as costs plummet 10%
Direct Line Group has delivered a 0.9% dip in gross written premiums for the first quarter of 2015 after attributing a 1.3% reduction in in-force policies to a fall within its partnerships channel.
Tune takes controlling stake in Indonesia's ASM
Tune Insurance has bought a 50% and one share stake in Indonesia's PT Asuransi Staco Mandiri for RM22.8m (£4.8m).
Increasingly complex risks spark calls for overarching leadership
Company boards should consider appointing “an executive voice” to focus on their organisations' most important and strategic risks, according to a report claiming that boards are failing to navigate increasingly complex risks.
Insurers ‘not yet at the table' to provide cyber solutions to customers
Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
PE house takes 50% stake in telematics firm
New private equity firm Beech Tree Private Equity has agreed to take a 50% stake in RS Fleet Installations, the West- Midlands based telematics device installation firm.
Fitzgerald Consulting replaces GAB in adjusting network
Fitzgerald Consulting is to join loss adjusting network Context International as its sole UK representative replacing GAB Robins after its acquisition by Crawford & Company in December 2014.
Fight for talent in broking tipped to lead to further litigation
Recent high profile litigation in the broking sector related to team moves has been deemed the "tip of the iceberg" by market commentators who are predicting further similar disputes.
Data protection key as insurers seek to improve online engagement
Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
Ex-Towergate director Bartlett becomes Axa's northern branch boss
Axa Commercial Lines and Personal Intermediary has finished compiling the senior management team for its branch operation with the appointment of Lisa Bartlett as regional director for the north.
Helvetia Group completes National Suisse Group takeover
Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
Tokio Marine Kiln unveils drone product
Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Cunningham Lindsey aims to forge greater local links with regional management structure
Cunningham Lindsey has unveiled a new regional management structure for its loss adjusting services team, designed to put a greater focus on the local delivery of technical skills, and create deeper local relationships with insurers and brokers across…