News
Marketform recruits Novae’s Bellanca to PI team
Specialist Lloyd's insurer Marketform has recruited Novae’s professional indemnity specialist Antonio Bellanca.
CPP customers back £1.3bn compensation scheme
Credit card insurer CPP will refund seven million customers who were mis-sold insurance for their bank and credit cards to tune of £1.3bn after 98% of those affected backed the compensation proposal.
KPMG promotes Daly to global insurance tax lead
KPMG International has appointed Brian Daly as global insurance tax lead.
Willis acquires specialist broker Charles Monat
Willis has acquired Charles Monat, a life insurance broker to high net worth clients, to bolster its Global Wealth Solutions operation.
Zurich appoints global chief marketing officer
Zurich has promoted Monika Schulze to the position of chief marketing officer across the group.
Brimecome to chair united Tokio Marine Kiln
Tokio Marine and Kiln have this week been shown the green light to complete the creation of a combined entity with Ian Brimecome serving as chairman, Post can reveal.
RSA shares inch down after PWC blames execs for Ireland woes
Shares in RSA have dropped marginally 2.73% in the first full day of trading after a PWC report concluded that a small group of executives were to blame for claims and reserving errors in its Irish unit.
Outer Space Act indemnity cap is welcomed by industry experts
The decision by the government to action a proposal to cap the unlimited indemnity in the Outer Space Act to €60m (£49.4m) has been heralded as a sign space innovation in the UK is “ready for investment”.
'Out of control' fraudster jailed for 22 months
A woman has been jailed for 22 months after making thousands of pounds from bogus claims including that she had lost a pregnancy, suffered from terminal cancer and was a victim of violent crime.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
Towergate appoints Ben Alexander as digital head
Towergate has appointed Ben Alexander as its head of digital tasked with helping to grow income from the business’ digital channels.
Bupa and Blue Cross Blue Shield form hospital partnership
Bupa has formed a strategic partnership with the Blue Cross Blue Shield system, to create the largest global healthcare provider network, including 11,500 hospitals and 750,000 medical professionals in 190 countries.
Chase Templeton looks to Aon for risk hire
Private health insurer Chase Templeton has recruited former Aon senior group risk consultant David Williams to lead its group risk department.
FOS unveils 20% budget cut
The Financial Ombudsman has said it will need to recover 20% less from financial businesses to support its budget in the 2014/2015 year, compared with the previous twelve months.
Lloyd's syndicate AG Doré promotes Frost as Andy Doré steps down
AG Doré & Others Syndicate 2526 has appointed Dominic Frost as the new active underwriter.
Argo International unveils environmental impairment product
Lloyd’s insurer Argo International has launched a new product to cover environmental impairment liabilities.
Aqua Sanfelice to head Lonmar’s fine art division
Aqua Sanfelice is to lead Lonmar’s fine art division following the retirement of divisional managing director David Lock.
Beazley satellite capability set for take-off following Bensoussan hire
Beazley has appointed Hiscox senior underwriter Denis Bensoussan to establish a satellite insurance capability within the company following the specialist insurer’s move into aviation insurance in 2012.
“Over complication” holding back London market
Over complicated processes and lack of customer connections are preventing the London market from improving claims processes according to a study from Gracechurch Consulting.
Equinox Global hires Ahinful to develop UK & Ireland portfolio
Equinox Global has recruited Genevieve Ahinful as senior underwriter effective immediately.
HSB appoints Atkinson as HR head
HSB Engineering Insurance has appointed Dorcas Atkinson as head of human resources.
Online driving records could see motor premiums fall
The switch to online driving records could reduce motor premiums by £15 a year, according to Cabinet Office minister Francis Maude.
RSA’s Brown weeks away from appointing Ireland CEO
RSA hopes to complete the recruitment of a new Ireland chief executive imminently, according to UK and Western Europe chief executive Adrian Brown.
RSA taking advice on action against Deloitte over Ireland accounts
RSA is taking advice on whether it can pursue action against Deloitte for approving accounts in Ireland that were later found to include inaccurate and misleading information created by “inappropriate collaboration” between senior executives.