News
Schemes growth targeted by One Broker following latest purchase
One Broker has set its sights bolstering its presence in the schemes arena following the acquisition of Cambridge-based N W Brown Insurance Brokers.
BMS sells £30m minority stake to PE investor
BMS Associates has sold a £30m ($50.7m) minority stake to private equity investor Capital Z in a bid to support expansion of both Lloyd's broker BMS and underwriting agency Pioneer.
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
Insurers predict Riot Act rethink after Sony fire ruling in industry’s favour
Parliament ‘almost certain to change the law’ regarding consequential losses
Rivals set to swoop for Broker Network members as hunt for new CEO begins
Network-jumping between rivals tipped to increase as competition hots up
Homeserve UK profits half in three years
Homeserve has seen its UK profits slump to £53.4m, just over half of its equivalent figure of £104.3m in 2011.
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy
India government eyes foreign investment increase
The new government of India wants the long-mooted change to the foreign direct investment cap back on the political agenda.
Fall in general insurance complaints to FOS linked to FCA investigations
Motor remains most-complained-about class of business
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Cunningham Lindsey hires Scott for global broker role
Chris Scott has been appointed Cunningham Lindsey global specialty markets development director.
ABI strikes back at claims of government deal over Mesothelioma Act
The Association of British Insurers has hit back at claims it entered into a deal with government over changes to the Mesothelioma Act saying the debate is dominated by the vested interests of claimant solicitors.
Lexis Nexis buys telematics provider Wunelli
Lexis Nexis has acquired telematics provider Wunelli, a deal that will result in one of the largest provider-held insurance telematics databases in the world.
Sony warehouse fire consequential losses verdict overturned
The Court of Appeal today ruled that section 2 of the Riot (Damages) Act does allow recovery for consequential losses, overturning an earlier ruling.
Ageas agrees new five-year deal with John Lewis
Ageas has agreed a deal to provide John Lewis car insurance for a further five years.
Bonuses to be annualised at Broker Network amid restructure
Broker Network will make bonuses an annual arrangement following the implementation of a new bonus structure alongside broader changes to its sales and business development function.
GI Ombudsman complaints down 6% for 2013/14
General insurance products have been responsible for almost 2000 fewer complaints made to the Financial Ombudsman Service for the year ending 31 March 2014.
RSA sells Canadian broker to AJ Gallagher
RSA has sold its Canadian broker Noraxis Capital to AJ Gallagher for C$500m (£273m).
Argo hires Aviva's Schmidt as group CUO
Argo Group has hired Axel Schmidt to take over as group chief underwriting officer.
Covéa personal lines boss Batabyal resigns
Covéa personal lines director Colin Batabyal has resigned after almost four years with the business, Post can reveal.
RSA axes Deloitte legal action plans
RSA has dropped plans to pursue Deloitte over the crisis which enveloped its Ireland business last year, Post can reveal.
Blanc pleads for 'pause' in Gallagher's UK buying spree
Arthur J Gallagher's UK retail head Peter Blanc has asked for a “pause” in the broker’s buying spree to allow time for the current businesses to be properly integrated.
Non-exec duo depart RSA board
Two long term non-executive directors have stepped down from their roles at RSA board at the insurer’s May 9 Annual General Meeting.
Novae recruits from Torus for UK & Europe property underwriter
Novae has added to its UK and European property team with the recruitment of Mervyn Albon from Torus Lloyd’s syndicate 1301.