News
RSA appoints Ireland CEO
Kevin Thompson has been appointed as CEO of RSA Ireland, succeeding Ken Norgrove.
Tim Harris to join Direct Line as CFO
Direct Line Group has appointed Tim Harris as chief financial officer.
Leadership shakeup at Tokio Marine Kiln
Charles Franks has stepped down from his position as CEO at Tokio Marine Kiln, as he assumes new responsibilities within the Tokio Marine Group.
Zurich receives dressing down on small business payment practices
For the second time in less than two months an insurer has come under fire from the Small Business Commissioner, after the SBC looked into a vehicle repair specialist’s complaint and made recommendations to Zurich to improve its payment practices for…
Clear Insurance acquires Morrison Insurance Solutions
Clear Insurance Management has acquired Alcester-based Morrison Insurance Solutions, its largest acquisition to date.
Aspen appoints UK CEO
Clive Edwards will become CEO of Aspen UK and Aspen Managing Agency.
CRL ceases writing new business following Alpha collapse
CRL, which recently failed to rehome 20,500 Alpha Insurance structural and latent defects policies, is no longer writing new business.
Hyperion to merge RKH and Howden
Hyperion will bring Howden and RKH together under a single management structure.
Pool Re CEO predicts greater ILS diversification beyond US property-cat
Julian Enoizi, CEO of UK government-backed terrorism reinsurer Pool RE, has predicted that the insurance-linked securities market will diversify away from US property-catastrophe risks, into other “difficult to insure perils” such as terrorism.
Government pledges £62m flood funding
The government has pledged £62m flood defence investment for communities across Yorkshire, Cumbria, the North East and the South East of England.
RSA merges commercial businesses
RSA UK & International has merged its Commercial Risk Solutions and Global Risk Solutions businesses to create a single business unit focused on commercial lines, as it seeks to regain profitability.
2018 catastrophe loss levels are the new norm: Air Worldwide
The industry can expect to be hit with on average $92bn (£74.5bn) in insured losses from catastrophes annually going forward, according to catastrophe modeling firm Air Worldwide.
Institute and Faculty of Actuaries ordered to pay £38,000 in ‘direct discrimination’ case
Exclusive: The Institute and Faculty of Actuaries is considering appealing against a ruling, after an employment tribunal decided it must pay nearly £38,000 to a Zurich employee after it “directly discriminated” against him.
Charles Taylor to sell managing agency as it posts £2.1m loss
Charles Taylor saw a pre-tax loss of £2.1m as the group announced the sale of its managing agency to Premia Holdings.
Lloyd's prepared to 'hang' perpetrators of bad behaviour after sobering culture survey
Lloyd’s of London chairman Bruce Carnegie-Brown has said that the results of the specialty insurance market’s culture survey are “sobering” and that it won’t hesitate to make an example of perpetrators in order to stamp out bad behaviour.
Robin Thomson appointed Tasker MD
Robin Thomson will target acquisitions in his role as Tasker Insurance Brokers managing director.
Thatcham publishes guidelines for autonomous vehicles
Thatcham has published guidelines to help transition vehicles from assisted to automated driving.
Blog: Post trials a driverless car
Driverless technology will shape the future of motor insurance. Thatcham offered Post the chance to trial a driverless car at a test track in Nuneaton, and see how the technology will change over the next six years.
Ex-Allianz CEO joins Cuvva
Exclusive: Former Allianz Partners UK and Ireland CEO Serge Corel has joined Cuvva as director of partnerships, following the insurtech’s move into travel insurance.
Zego and DLG challenger bank partner inks distribution deal with further insurtech
Mobile-based Starling Bank has added a further broker and cyber risk service to its marketplace.
Marsh Networks to rebrand
Exclusive: Marsh Networks will rebrand as Marsh Commercial Networks.
Jelf to rebrand as Marsh Commercial amid restructure
Marsh will rename its Jelf business Marsh Commercial in the first quarter of 2020, with potential branch closures as a result of an organisational restructure.
Insurance stalwart David Palmer passes away
David Palmer, a well-known industry figure in the 80s and a past master of the Worshipful Company of Insurers has died. He was 92.
Gefion faces further recapitalisation delays
Danish insurer Gefion has further pushed back its expected timeline for a capital injection in the business, following an order by the regulator that it cannot expand into further territories until it bulks up its coffers.