News
Markerstudy picks up 9% Brightside stake
Gibraltar-based motor insurer Markerstudy has acquired a 9.3% stake in Brightside, including the shares of former chief executive and co-founder Arron Banks.
Top five European news stories
The top five news stories from wwww.insuranceinsight.com over the past seven days.
Spanish demand "very weak" across all lines
A decline in insurance demand is being seen across nearly all business lines in Spain, according to Mapfre’s vice chairman Esteban Tejera.
Moors-led management team completes Bollington MBO
The Bollington Group management team has this afternoon confirmed an agreement to buy a majority share in the firm.
Hyperion looks to align global operations following Bloomer appointment
Hyperion has appointed former head of UK litigation at RSA Will Bloomer as general counsel and chief risk officer, as the group seeks to align its worldwide legal, risk management and compliance functions.
Ace Switzerland appoints technical lines manager
René Germann has been appointed technical lines manager for Ace Switzerland as it aims to grow its technical lines capabilities in continental Europe.
MoJ consults on discount rate's legal framework
The Ministry of Justice has published the second part of the review on the discount rate consultation, which will focus on the legal parameters governing the way the rate is prescribed and will explore the use of periodical payment orders.
Cunningham Lindsey recruits through work trial scheme
Working with the Jobcentre Plus team in Cardiff, Cunningham Lindsey provided 38 employed people in the area with work experience through the voluntary work experience and work trial scheme – and ended employing 28 of them in entry-level position within…
Solvency II is biggest challenge for captives says AM Best
European captives have weathered the global economic downturn well, but the implementation of Solvency II remains among the biggest challenges for the sector, according to a report from AM Best.
Drive Assist saga leaves 15% of NAB’s members at risk
The National Association of Bodyshops is threatening legal action against the administrators of Drive Assist, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it went into liquidation.
CNA poaches new German head from Chubb
CNA Insurance Company has appointed Malte Dittmann as country manager for Germany.
90% insurance CEOs anticipate revenue growth
Despite poor economic forecast, 90% of insurance CEOs worldwide are expecting profits to grow, according to PWC’s Global CEO Survey.
LAS opens Bristol office in twin hub drive
LAS Claims has launched a new office in Bristol in pursuit of its plans to operate on a two-hub model UK-wide, while also formally closing Manchester operations.
NMB confirms Cooper Gay acquisition talks
Energy broker Newman Martin Buchan has confirmed that it is in exclusive negotiations over a potential acquisition by Cooper Gay Swett & Crawford.
Hiscox backs mosque and Islamic school scheme
Niche mosque scheme Faithsure, which is underwritten by Hiscox, has started providing wholesale access through brokers.
Giles adds five brokers to network arm
Five brokers have joined Ink Underwriting's new network proposition, Compass Broker Services, so far this month.
Pothole claims double in January
The number of insurance claims for pothole-related damage to cars more than doubled in January to 1000, compared with the same month last year, according to estimations by AA Insurance.
Gadget and pet cover more popular than income protection
Pets and gadgets are a higher priority than income protection insurance according to a survey from broker Drewberry Insurance’s annual health and protection insurance survey.
Assurant director joins competitor as MD
The Source has appointed Assurant Intermediary's former sales & marketing director Kevin Paterson as its new managing director.
Spanish court quashes €120m fines for "cartel" insurers
Spain's court of appeal for antitrust cases has quashed the €120m fine imposed by the Spanish Competition Commission on six insurance companies accused of price fixing.
Apil and Mass’ RTA judicial review ‘rolled up’ for hearing
The Association of Personal Injury Lawyers and the Motor Accident Solicitors Society legal challenge in relation to recoverable fixed fees in the RTA portal is to be listed for a 'rolled up' hearing as soon as possible.
Novae in recovery mode following positive trading update
Novae is in "recovery mode" having "turned a corner" by improving its profitability and return on equity according to Westhouse Securities.
RFIB boss looks to the future after overseeing 9% turnover growth
International Lloyd’s broker RFIB Holdings chief executive Jonathan Turnball believes a 9% increase in group turnover to £47.5m last year will serve as a launch pad for further growth in 2013.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.