News
Trading breaches could cost Aviva Investors £92m
Aviva’s asset management arm Aviva Investors has confirmed £92m has been set aside for potential compensation payments to customers following trading breaches by two former employees.
Amlin Singapore launches P&I business with Raets Marine
Amlin Singapore has launched a shipowners’ protection and indemnity (marine liability) business and local charterers’ liability insurance in Singapore, in conjunction with Raets Marine.
Polaris renews IBM imarket contract
Polaris UK has renewed its imarket contract with IBM following a strategic review.
Gallagher grows north-east office with sales director appointment
Arthur J Gallagher is growing its management team in north-east England with the appointment of Martin Atkinson as UK retail sales director.
Adjusters on alert as pre-Christmas storms forecast
Loss adjusters are putting contingency plans in place for the Christmas period following Met Office flood warnings for parts of England and Scotland.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Ecclesiastical appoints Jamie McNab as group casualty underwriter
Ecclesiastical has appointed QBE’s Jamie McNab as group casualty underwriter.
Hampden Underwriting acquisitions increase underwriting capacity to £20.2m
Hampden Underwriting has acquired two further Lloyd’s limited liability members taking its total underwriting capacity to £20.2m.
DAS calls for transparency on add-ons in response to CC report
Legal expenses provider DAS has called for greater transparency of the value for money add-on products can offer customers in the wake of the Competition Commission report into private motor insurance released this month.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.
Willis unveils global head of casualty
Willis Group has appointed Seth Peller to the newly created role of Global Head of Casualty, effective January 2014.
GC Securities selected as sole financial advisor for Canopius sale
Guy Carpenter’s GC Securities is acting as the sole financial advisor to the shareholders of Canopius in the sale to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance.
Allianz mulling over Supreme Court subrogation appeal
Allianz says an appeal to the Supreme Court is “more than likely” following the dismissal of its RSA subrogation appeal.
Cunningham Lindsey team dealing with Apollo Theatre claim
Loss adjuster Cunningham Lindsey has confirmed it is dealing with the property claim arising from the Apollo Theatre loss.
JLT Specialty grows team with five hires
JLT Specialty has today announced five appointments in its London-based team.
Footprint MD Testa to unveil motorcycle offering following Banks reunion
The managing director of newly launched van insurance brand Footprint, Lance Testa, is expecting to integrate motorcycle insurance into the business in February as he prepares to take on established players, including his former employer Brightside's…
L&G invests £159m in infrastructure
Legal & General has invested £159m in acquiring 13 care homes and the building of the new Royal Liverpool University Hospital.
Paul Fairhurst appointed to AJG Manchester role
Paul Fairhurst has been appointed Arthur J Gallagher Manchester office head for the UK retail division.
Allianz and Covéa subrogation appeal against RSA dismissed
An appeal from Allianz and Covéa against last year’s High Court RSA subrogation verdict has been dismissed by the Court of Appeal this morning.
Helvetia increases its share in Nationale Suisse
Helvetia Group has cemented itself as a core shareholder in Nationale Suisse after one of its businesses increased its stake to 12.7%.
Hiscox given green light for York office
Hiscox was granted full planning approval for its proposed York headquarters at a council meeting last night.
MetLife expands in Malaysia
MetLife has reached an agreement with Malaysia's AMMB Holdings, which owns the fifth largest bank in Malaysia, to form a strategic partnership involving AmLife Insurance Berhad and AmFamily Takaful Berhad.
Hardy strengthens board with double appointment
Underwriting agency Hardy has appointed David Stevens as board director and chief financial officer for the Hardy group of companies.
Ex-Brightside boss Banks launches van insurance brand Footprint
Former Brightside chief executive Arron Banks has launched specialist standard and non-standard van insurance brand Footprint Insurance, having enrolled an experienced management team led by Lance Testa.