News
LV investment boss Mayall departs
LV’s chief investment officer Wendy Mayall has left the insurer just over a year and a half after arriving.
Liberty Syndicate non-exec Youell retires
Richard Youell has retired from his role as non-executive direction of Liberty Syndicate management, with former Allianz boss Chris Hanks replacing him.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Christmas storms unlikely to halt sliding premiums
Storms which battered the UK over the Christmas period are unlikely to contribute to reversing tumbling home and motor premiums according to the AA.
Cunningham Lindsey sees storm claims rush in from southern England
Loss adjuster Cunningham Lindsey has reported the majority of claims resulting from yesterday’s storm have been spread across southern England.
Brokers should brace for more reforms in 2014
Brokers should be prepared to have their earnings hit even harder in 2014 as the Financial Conduct Authority concludes its market study into insurance add-ons according to a legal expenses insurer.
Perkins replaces Gienal as Zurich COO
Zurich Insurance has announced the appointment of Barry Perkins as chief operating officer, UKGI & shared services, effective from 1 January 2014.
Trading breaches could cost Aviva Investors £92m
Aviva’s asset management arm Aviva Investors has confirmed £92m has been set aside for potential compensation payments to customers following trading breaches by two former employees.
Amlin Singapore launches P&I business with Raets Marine
Amlin Singapore has launched a shipowners’ protection and indemnity (marine liability) business and local charterers’ liability insurance in Singapore, in conjunction with Raets Marine.
Polaris renews IBM imarket contract
Polaris UK has renewed its imarket contract with IBM following a strategic review.
Gallagher grows north-east office with sales director appointment
Arthur J Gallagher is growing its management team in north-east England with the appointment of Martin Atkinson as UK retail sales director.
Adjusters on alert as pre-Christmas storms forecast
Loss adjusters are putting contingency plans in place for the Christmas period following Met Office flood warnings for parts of England and Scotland.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Ecclesiastical appoints Jamie McNab as group casualty underwriter
Ecclesiastical has appointed QBE’s Jamie McNab as group casualty underwriter.
Hampden Underwriting acquisitions increase underwriting capacity to £20.2m
Hampden Underwriting has acquired two further Lloyd’s limited liability members taking its total underwriting capacity to £20.2m.
DAS calls for transparency on add-ons in response to CC report
Legal expenses provider DAS has called for greater transparency of the value for money add-on products can offer customers in the wake of the Competition Commission report into private motor insurance released this month.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.
Willis unveils global head of casualty
Willis Group has appointed Seth Peller to the newly created role of Global Head of Casualty, effective January 2014.
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Allianz mulling over Supreme Court subrogation appeal
Allianz says an appeal to the Supreme Court is “more than likely” following the dismissal of its RSA subrogation appeal.
Cunningham Lindsey team dealing with Apollo Theatre claim
Loss adjuster Cunningham Lindsey has confirmed it is dealing with the property claim arising from the Apollo Theatre loss.
JLT Specialty grows team with five hires
JLT Specialty has today announced five appointments in its London-based team.
Footprint MD Testa to unveil motorcycle offering following Banks reunion
The managing director of newly launched van insurance brand Footprint, Lance Testa, is expecting to integrate motorcycle insurance into the business in February as he prepares to take on established players, including his former employer Brightside's…