News
Kennedys poaches 13-lawyer team from Plexus
Kennedys has hired a 13-lawyer travel sector team from Plexus Law to join its personal injury practice.
Buying habits of millenials raise threat of conduct risk
Technology is increasingly distancing millennials from traditional purchase channels and sources of advice, research by consultancy Towers Watson has found.
Willis Northern Ireland MD Workman departs
Willis Northern Ireland managing director David Workman has stepped down after 28 years at the broker, Post understands.
Bank of Scotland to offer own-brand car insurance through Junction deal
BGL Group's affinity arm Junction has added two motor insurance propositions to the Lloyds Banking Group insurance offering including a Bank of Scotland-branded motor insurance product.
Public set to increase insurance spend, PWC survey finds
People are expected to spend more money on insurance products according to the latest CBI/PWC Financial Services Survey, which was published today (30 March).
AGCS hires first UK-based cyber risk consultant
Allianz Global Corporate and Specialty has appointed Rishi Baviskar as its first UK-based cyber risk consultant.
Corporate policyholders told to improve standards in light of Insurance Act
Corporate insurance buyers in the UK have been warned that current risk analysis standards “fall substantially short” of the compliance implications associated with the incoming Insurance Act.
Co-op GI operations head Day to exit
Co-operative Insurance general insurance operations head Lynn Day is to leave the business after 33 years, Post can reveal.
QBE names Menear as director of underwriting operations
Insurer QBE has appointed Nick Menear to the newly created role of underwriting operations director.
Fitch assigns Ageas Insurance A+ 'strong' IFS rating
Ageas Insurance has been assigned the A+ ‘strong’ insurer financial strength rating by Fitch, with a ‘stable’ outlook.
Quindell directors to resign after sale of professional services arm
Quindell CEO Robert Fielding will move to Australian law firm Slater & Gordon following the sale of the claims outsourcer’s professional services arm.
CPIC admits 'grave' property and casualty underwriting issues
Shanghai-based giant China Pacific Insurance's profits climbed 19.3% last year to 11bn yuan (£1.19bn) despite "grave" problems in its property and casualty arm.
Demand for HNW skills in Asia-Pacific on the up, says Morgan McKinley
Professional services recruitment firm Morgan McKinley has said it is expecting a "conservative" hiring push in the Asia-Pacific region over the next two years.
Cyber veteran Milner joins Miller
Simon Milner has joined global broker Miller to help grow its cyber book.
Mutuals' Act gets Royal Assent
The Mutuals Deferred Shares Act received Royal Assent in the House of Lords yesterday (26 March).
PRA consults on ‘proportionate' regime for non-SII senior managers
The Prudential Regulation Authority has released its consultation paper into the senior insurance managers regime for insurance companies outside the scope of Solvency II.
Towergate receives court sanction for schemes of arrangement
Towergate Group's restructuring is one step closer to becoming effective with the schemes of arrangement being sanctioned by the High Court today.
UK General reports 10.4% premium growth
Insurer UK General has reported an improved business performance premium for the 2014/15 year to £436m from £395m the year prior.
Judge approves speedy July trial for Gallagher action
In a public hearing today at The Royal Courts of Justice Mr Justice Edis agreed to a speedy trial for the Gallagher action involving all three defendants in the window commencing 13 - 17 July.
Indemnity Guarantee Assurance enters administration
PWC has been appointed the administrator to Indemnity Guarantee Assurance which was placed into administration on 23 March after directors deemed it to be insolvent.
FCA urged to prove absence of ‘systemic weakness' in standards and culture
The Treasury Committee has demanded the Financial Conduct Authority do more to satisfy parliament and the public it is not suffering a "systemic weakness" in standards and culture following its press briefing blunder in March 2014.
RKH celebrates 15th consecutive year of profit rises
Broker RKH has posted increased revenue and underlying profits for 2014, the 15th year in a row that it has reported such increases.
BMAL chairman Soames steps down
Jeremy Soames has stepped down as chairman of Barbican Managing Agency after five years in the role.
Peak Re's premiums up 280% in 2014
Hong Kong-based reinsurer Peak Re saw its gross written premiums climb 280% last year from $103.1m (£69.4m) in 2013 to $288.1m.