News
Insurers sticking by Autoglass in wake of consumer criticism
Insurers that maintain commercial partnerships with Autoglass have vowed to work alongside the embattled windscreen repairer to address criticism of the firm’s service levels following its decision to scrap its branch network.
Quindell shareholders to seek compensation under Financial Services and Markets Act
Quindell is expected to announce "significant restatements" of accounting policies, along with write-downs on a number of companies bought in the 2013 to 2014 period, according to the lawyer coordinating a shareholder action against the firm.
Widespread telematics adoption questioned despite growing young driver uptake
More than one in five (22%) of young male drivers have telematics insurance policies, yet mainstream adoption of the technology remains a long way off, according to research conducted by Consumer Intelligence.
Willis deputy CEO Hearn to take charge at CGSC in November
Cooper Gay Swett & Crawford has appointed Willis Group Holdings deputy CEO Steve Hearn as Toby Esser’s successor as group CEO.
Willis to restructure N2 network by 2016
Willis is meeting with members of its N2 network of smaller regional and community brokers to discuss changes to the network's structure.
UK General strikes travel insurance deal using in-house capacity
Managing general agent UK General has secured a travel insurance broker deal using the in-house capacity of its Irish business.
Notorious ghost broker told to pay £658k back to fraud victims
The Old Bailey has ordered for £658,460.84 to be confiscated from a ghost broker currently imprisoned for masterminding what is believed to be the UK’s biggest fake car insurance scam.
Insurers and brokers report rise in business volumes over past three months
Business confidence for brokers, life and general insurers continues to rise, according to a joint survey by CBI and PWC published today.
Dual enters CEE market following DCD purchase
Dual Group has launched in Central and Eastern Europe as Dual Polska, following the acquisition of the majority stake of Torun headquartered insurance specialist, Data Connect Direct.
Grexit edges closer as country heads for July 5 referendum
Greek banks will not open this week, following the European Central Bank’s decision not to extend emergency funding to the troubled Eurozone state.
Marketform launches specialist M&A insurance team
Lloyd's underwriter Marketform has appointed Astrid O’Reilly as its first mergers & acquisitions insurance underwriter as it expands into the specialist class.
Quindell delays 2014 results announcement
Troubled service provider Quindell has said its audited 2014 accounts will not be published by tomorrow (30 June) as planned.
IAG appoints Bryan as deputy chairman
Insurance Australia Group has appointed board member Elizabeth Bryan as deputy chairman.
FWD’s Gaughan, Ingenie, LV and Aviva among winners at first Insurance Marketing and PR Awards
FWD founder Michael Gaughan was crowned the winner of the achievement award at the inaugural Insurance Marketing & PR Awards this afternoon.
UK General in talks over schemes business sale
Managing general agent UK General is gearing up to sell its personal lines schemes business.
Arista acquisition cost Towergate £16.7m
Towergate paid £16.7m to acquire managing general agency Arista in 2014, the firm has said in a bondholders report published today (26 June).
International network Wing names Bluefin boss Wicks as chair
Regional managing director for Bluefin’s corporate division, Martin Wicks, has been appointed chairman of international broker network Wing, following an election by the network’s board.
Bluefin hires interim CFO to replace former COO Philip
Bluefin has decided to replace the chief operating officer role vacated by Tim Philip with a chief finance officer position, which will be occupied by Amber Wilkinson for an interim period.
Deakin to join Towergate on 12 August
Janice Deakin is set to run Towergate's broking operations from 12 August having completed a period of gardening leave.
Towergate concentrates on recovery after 'perfect storm' of 2014
Towergate interim CEO Scott Egan wants to draw a line under 2014 as the company reported its full year results for last year and the first quarter of 2015 today (26 June).
Liberty to axe 270 jobs in Ireland and withdraw from UK motor
Loss making Liberty Insurance is cutting 250 jobs in Ireland and a further 20 in Enniskillen, Northern Ireland over the next 18 months.
Willis appoints Weaver as South East Asia CEO
Willis has appointed Miller's head of Asia Simon Weaver as CEO of its Singapore office and regional CEO for South East Asia.
Hiscox to acquire RH Specialist Insurance from Willis
Hiscox has agreed a deal with Willis to acquire its specialist UK classic car business, RH Specialist Insurance.
Ross trial delayed by seven months
The trial between Arthur J Gallaher and former International CEO David Ross, former chief financial officer Mark Mugge and former consultant Chris Keey has been delayed until February 2016.