News
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
Thornside appoints account relationship manager
Capita company Thornside has named Mark Outing as its new key account relationship manager.
QBE names new regional bosses
Insurer QBE has appointed two new regional business heads to its UK underwriting network.
New Aviva flood map is a "huge advance"
Aviva today boasted it had developed a flood model that can estimate the damage freak downpours can inflict on homes and businesses across the country.
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
Moneysupermarket names Carnegie-Brown as NED
Price comparison giant Moneysupermarket has named former Marsh chief executive Bruce Carnegie-Brown as a non-executive director.
Insurance industry must do more to combat piracy – House of Lords
A report released from the House of Lords has said that the insurance industry “must accept a greater degree of responsibility” in the fight against piracy
FTSE 100 reaches highest level since 2008
On Wednesday afternoon the FTSE 100 broke 5800 for the first time since 2008, fueling speculation that the UK is seeing a sustained upturn in its economy.
Post in print - 15 April
Post reporter Amy Ellis provides a quick overview of this week's major stories including: offshore insurers deny Quinn claim; Brittain steps down at Finsure:Aviva flood move and Carole Nash hit by legal bill.
Rowell suspends Lloyd's start-up plans
Former Beazley boss Johnny Rowell has postponed plans to re-enter the market with a Lloyd’s syndicate start-up.
FTSE 100 reaches highest level since 2008
On Wednesday afternoon the FTSE 100 broke 5800 for the first time since 2008, fueling speculation that the UK is seeing a sustained upturn in its economy.
Securities lawsuit filings drop and dismissals surge - Advisen
New credit crisis suits plunge, but financial firms still are in plaintiff attorneys’ crosshairs according to a report by Advisen.
Guy Carpenter announces new executive appointments
Chris McKeown to lead Guy Carpenter’s North America operations and Andrew Marcell relocating to London to assume global role
Ace Tempest Re appoints head of international
Steve Roberts has been promoted to managing director of Ace Tempest Re International, which includes operations in London, Zurich, Sao Paulo and Shanghai.
AIG: Bernstein erred in reserve-shortfall estimate
AIG told US regulator that Sanford C. Bernstein’s review of its claims-paying resources relied on faulty analysis.
Quake kills up to 400 in China’s Qinghai province
Thousands are feared injured after a magnitude-6.9 quake hit western China's Qinghai province.
Elite launches new insurance products
Elite Insurance has launched three new insurance products, decennial, gap and accident, sickness and unemployment, in the hope of boosting its potential revenue streams by up to £20m over the next two to three years from £30m.
New partner for DWF’s insurance team
Julie Bowker is the latest new partner to be appointed to the existing 50 commercial insurance team in Manchester headed by Kieran Walshe.
Quinn staff plan to hold rally on Friday
Quinn employees are to hold a rally on 16 April at noon outside the regulators office at the Central Bank in Dublin.
Law firms welcome class action u-turn
The government has dropped controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Quinn given hope over UK insurance return
The Financial Regulator has offered Quinn Group some hope that it may be allowed to reopen for insurance business in the UK, albeit in a limited capacity.
Offshore insurers deny cutting rates to win ex-Quinn business
Two unrated offshore insurers said to be among the key beneficiaries of Quinn¹s problems in the UK have hit back at suggestions they are underpricing risks to win commercial business previously underwritten by the Irish firm.
Allianz hires new household operations manager
Allianz has appointed Gary Coton as household operations manager responsible for handling all UK household claims.
Finsure MD steps down ahead of run-off
Royal Bank of Scotland’s Finsure Premium Finance has parted company with managing director Trevor Brittain ahead of its closure next year.