News
PI broker banned by FCA
The Financial Conduct Authority has barred former insurance broker Stephen Robert Allen after the Upper Tribunal found he was not a fit and proper person. The Tribunal reached the decision because Allen was found to have submitted a forged document in…
Law firm complains that claimants 'made to feel like criminals'
A claimant law firm has complained that people injured in road traffic accidents are being made to feel like "criminals" by insurers.
Fonseca takes up CEO role following Brokerslink incorporation
Brokerslink has restructured its board of directors to drive growth and revenue generation following its change from a not-for-profit association to a for-profit global broking company.
Willis replaces David Gordon with Seth Peller as FAJS CEO
Willis Group Holdings has appointed Seth Peller as global CEO of its fine art, jewellery and specie division, effective immediately.
JLT vows to 'vigorously defend' business interests in face of Willis law suit
JLT has vowed to “defend its legitimate business interests vigorously” after broking rival Willis commenced legal proceedings against the firm in relation to the appointment of staff from the Willis fine art, jewellery and specie division.
Willis cuts 350 roles as part of plans to save $420m by 2017
Willis is set to shed 350 jobs across the UK as part of its restructuring programme announced last year.
Quinn administrators' 'negligence' suit progressing against PWC
Legal pleadings in litigation involving Quinn Insurance’s administrators and the defunct insurer’s accountancy firm PWC are expected to be finalised this summer, with a potential full hearing likely to conclude in 2017.
Benedict Burke moved to new role at Crawford & Company
Crawford & Company has moved senior vice president Benedict Burke to a new role as part of a newly announced restructure of its global markets operation.
GRP hires former Bluefin CEO Bruce to lead retail business
Former Bluefin CEO Mike Bruce has been appointed as head of retail insurance broking at David Margrett’s Global Risk Partners.
Ex-Bluefin boss Reid appointed UK retail CEO at Gallagher
Arthur J Gallagher has confirmed the appointment of former Bluefin executive chairman Stuart Reid to the position of UK retail CEO.
Outgoing Bluefin CEO Bruce unlikely to follow Reid to Gallager
Stuart Reid is not expected to be joined at Arthur J Gallagher by former Bluefin colleague Mike Bruce, Post understands.
British Insurance Awards 2015 - The shortlist
Today Post reveals the firms that have been shortlisted for the 2015 British Insurance Awards.
Organ named Bluefin CEO as Stuart Reid and Mike Bruce depart
Robert Organ has been appointed as CEO of Axa-owned Bluefin Insurance Group, subject to regulatory approval.
Mortimer departs Das after eight years
Legal expenses insurer Das has confirmed that its head of legal services, Kathryn Mortimer, has left the firm.
CMA to investigate Willis and Miller deal
The Competitions and Markets Authority has decided to launch a formal investigation into the proposed majority acquisition of Miller Insurance Services by Willis.
Exor bid raises doubts over £7.3bn Partner Re and Axis merger
The planned merger between Partner Re and Axis Capital could be dashed following a $6.4bn (£4.3bn) bid by Italian operation Exor to acquire the reinsurer.
AM Best opens Singapore office
Ratings agency AM Best has opened its second office in Asia-Pacific after opening one in Hong Kong sixteen years ago.
BPL's Palmer returns to London
The Monetary Authority of Singapore has approved the appointment of Peter Gilbert as Singapore CEO of credit and political risk broker Berry Palmer & Lyle.
Markerstudy tempted by Gibraltar pair before sealing Chaucer deal
Markerstudy was interested in acquiring either one of Gibraltar-based pair Octagon or the now defunct Service Insurance Company before sealing a deal to buy Chaucer's UK motor book.
Willis launches legal proceedings against JLT and FAJS boss Gordon
Willis has commenced legal proceedings against JLT and employee David Gordon a week after JLT Specialty announced the appointment of Gordon and 21 of his Willis fine art, jewellery and specie colleagues.
Scenario testing required as industry concerns over EU exit increase
Insurance firms are being urged to adopt scenario testing from this year in preparation for the proposed referendum on the UK's European Union membership under a future Conservative government.
Brit syndicate growth highlights Lloyd's desirability for M&A buyers
Gross written premium growth experienced by Brit's sole Lloyd's syndicate in 2014 is a marker of the continuing attractiveness of having a sizeable Lloyd's platform for companies seeking a third party buyer, according to market analysts.
NIHL overcrowding leading to claims 'backlog' as new entrants flood market
The noise induced hearing loss arena is producing a logjam of claims and is becoming overcrowded with new entrants, according to members of both the defendant and claimant legal fraternities.
FCA slaps Clydesdale Bank with £20.7m PPI fine
Clydesdale Bank has been fined more than £20.7m for serious failings in its payment protection insurance complaint handling processes; the largest ever PPI-related fine imposed by the Financial Conduct Authority.