News
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Steve Wood to leave Paymentshield as Towergate ‘consolidates’ business
Steve Wood has left Paymentshield as its CEO as Towergate moves to “consolidate its executive structure”.
Finch acquires County Insurance Services
Finch Group has acquired its second independent broker of the year with the capture of County Insurance Services.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Public bodies forced to self-insure due to government cost cutting
The government is pushing public bodies to dramatically cut their commercial insurance costs, a Post investigation can reveal.
Asia Capital Re expands with Malaysia and takaful purchases
Singapore-headquartered ACR Capital Holdings, owner of Asia Capital Re, has completed the purchase of stakes in two businesses for undisclosed sums.
Chubb sees $4.1bn after-tax profit in 2016
Global giant Chubb's after tax profits were $4.1bn (£3.2bn) last year compared with $2.8bn in 2015.
Axis profits fall 23% in 2016
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
Penny Black's Social Month: February 2017
Well Child, a wild whirl, willing to get wet and working with will.i.am
XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
Career Development: Aviva makes Stonewall's top 100 employers list
Aviva is the only insurer to have made the list of top 100 employers for lesbian, gay, bisexual and transgender staff for the second year running.
Career File: Andy Briggs
Aviva appoints Briggs as general and health insurance CEO
Legal & General and Skipton launch home tie-up
Skipton Building Society has started selling home insurance products developed through a partnership with Legal & General.
O2 delivers car insurance with telematics app
Mobile company O2 will now deliver car insurance through its telematics-based mobile app 02 Drive.
Market restructuring results in 1000 jobs lost over last three months
More than 1000 jobs have been placed at risk over the last three months owing to business restructuring across the market.
County Group continues acquisition spree with Thompson Brothers capture
The County Group has acquired Thompson Brothers Insurance Consultants for an undisclosed fee.
PWC names Delbridge London market leader
PWC has appointed Paul Delbridge as London market insurance leader.
Market must prepare for major loss event, says Hiscox chairman
The London market must be prepared for a major loss event according to Robert Childs, chairman of Hiscox.
Crawford appoints Sadowski as MD of contractor division
Crawford and Company has appointed Lee Sadowski as managing director of its UK contractor connection division.
Ed appoints Neil Perry as CFO
London market insurance and reinsurance provider Ed has appointed Neil Perry as chief financial officer.
Solvency II could harm consumers, says Insurance Europe
Solvency II is too conservative and harms consumers, Europe’s largest federation of trade bodies has said.
Cancer is a major cause of group risk claims
Cancer is the number one group risk to employees in the UK yet employers are failing to support their staff with the appropriate financial protection.
Kaikoura earthquake claims reach over £500m
Last November's 7.8 magnitude earthquake on South Island has cost insurers over NZ$900m so far (£520m) according to the Insurance Council of New Zealand.
Chair John O'Roarke hails 'exciting opportunities' as Horwich Farrelly unveils record turnover
The chairman of specialist insurance industry law firm Horwich Farrelly has declared its growth in turnover and instructions as a sign of its growing “credibility” in its chosen markets.