News
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.
Ofcom changes to trigger 40% increase in call costs for insurers
Insurers have been warned to prepare for a 40% increase in inbound call costs ahead of changes to the way non-geographic numbers are charged.
FCA sparks communications debate
The Financial Conduct Authority has kick-started a debate to encourage firms, consumer groups, and stakeholders to work together to deliver information to consumers in smarter and more effective ways.
Tough motor conditions cause Moody's to downgrade France outlook
Moody's has changed its outlook for the property and casualty market in France from stable to negative, reflecting strong deterioration in motor insurance profitability.
Motor insurers warned against drawing from reserves in face of falling profits
The motor insurance market is expected to fall back into the red this year despite it continuing to be propped up by hefty reserve releases and rising premiums.
Young drivers buck the trend for rising cost of cheapest premiums
The cheapest premiums for young drivers fell by 10.3% over the past 12 months, bucking a trend that saw the lowest rates for all other motorists rise by 0.3%.
Dual expands marine offering in Australia
Hyperion underwriting arm Dual has expanded its global marine and energy practice following the launch of a marine offering at Dual Australia.
Ace hires from AIG for Vietnam president role
Ace has appointed Dang Hoang Tung as its country president, general insurance in Vietnam.
Allied World launches first Asia-Pacific marketing campaign
Following the acquisition of RSA's Hong Kong and Singapore operations, Allied World is building its brand in the region.
Post news editor Callum Brodie declared journalist of the year at Biba awards
Post news editor Callum Brodie won a hat-trick of awards at the British Insurance Brokers’ Association journalist of the year awards this afternoon, including the top prize.
FCA seeks industry feedback on value of publishing claims ratios
In a discussion paper published today, the Financial Conduct Authority has set out and invited comments on options for the publication of product value data, following concerns about poor value and a lack of effective competition in general insurance…
Heather Wheeler succeeds Evans as chair of APPG on insurance & financial service
Heather Wheeler, the MP for Derbyshire South and a former Lloyd’s broker, has been elected the new chair of the All Party Parliamentary Group on Insurance and Financial Services.
FCA defends costs in relation to EU counterparts
The Financial Conduct Authority has disputed its costs are significantly more than other European Union regulators after a critical response from an insurance trade body to its fees and levies for 2015/16.
Gracechurch ranks leading underwriters
Gracechurch has published its 2015 report into the leading underwriters in the London market, voted for by fellow underwriters and brokers.
FCA commences investigation into Quindell as it suspends AIM trading
The Financial Conduct Authority has confirmed it is conducting an investigation into Quindell in relation to public statements made about the outsourcing company's financial accounts during 2013 and 2014.