News
AIG rolls out broker trading platform on continent
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Axa calling for tougher sanctions on CMC consumer contact
Axa is calling for sanctions against claims management companies to be bolstered including doubling the maximum fine to £1m and giving the regulator power to shut down CMCs that are seen to be persistently flouting privacy rules.
Sovereign risks persists for Italian insurers amid weak non-life growth
Eurozone sovereign risk will continue to negatively affect Italian insurers in 2014 given the significant amounts of government and corporate debt held in their investment portfolios, according to Fitch.
HSB Engineering strengthens team with Allianz hire
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has appointed David Slack as senior loss control engineer.
AA boss Strong moves to Saga
AA chief executive Andrew Strong is to move to sister company Saga from 1 December, with a replacement expected to be confirmed by the end of Q1 next year.
Aon UK chief Christian elected to Lloyd's council
Aon UK chief executive Dominic Christian has been elected to the Council of Lloyd’s for a three year term starting in February next year.
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.
Cyclone Helen kills six in India
Six people died when a cyclone hit Southern India on Friday.
Iran nuclear deal could help boost oil exports
The weekend agreement between Iran and the West over its nuclear capabilities could give a short term boost to oil exports as insurance coverage could be extended quickly.
ABI calls for more investment in flood defences
The Association of British Insurers has called on the government to invest further in flood defences.
Chase Templeton unveils new HQ
Private health insurance specialist Chase Templeton has relocated from Blackburn’s Enterprise Centre to its own two-story building near Darwen.
Brettell to take on retail general manager role at Allianz next year
Allianz Insurance has appointed Neil Brettell to the role of general manager of the insurer's retail division.
Personal injury CMCs down by 38% as MoJ prepares fines consultation
The Ministry of Justice is preparing to follow up its consultation on introducing more stringent rules for claims management companies with a third inquiry into fines early next year, in a bid to further clamp down on unscrupulous practices.
Biba disappointed at government’s SME flood exclusion
The British Insurance Brokers’ Association has expressed its disappointment at the government’s decision to exclude SMEs from incoming flood legislation.
Esure promotes risk head Boland to CRO role
Esure has replaced retiring chief risk officer Andrew Whitehouse with its head of risk.
Hill Dickinson boosts regulation and insurance group teams
Law firm Hill Dickinson has made two appointments within its regulatory services group and insurance group with Louise Millington-Roberts and Richard Creamer joining the London office as partners.
Devine returns with Hubbard-backed broker
Former Ageas retail commercial director Brendan Devine is to launch a new motor panel broker in the first quarter of next year with UK General chief executive Peter Hubbard serving as a non-executive director.
Gallagher snaps up RSA's Fowler for regional sales role
Arthur J Gallagher has appointed former RSA broker account manager Pamela Fowler as regional sales director for Scotland and Northern Ireland.
A-Plan reports 3% turnover increase and branch expansion
High-street insurance broker A-Plan has reported a turnover of £55.7m for the year ended 28 February 2013. The result represents a 3% increase from the £54.1m turnover reported in 2012.
Biba to expand cost of regulation research to include non-EU markets
The British Insurance Brokers’ Association is revisiting research it conducted in 2011 on regulatory cost for brokers with plans to expand its scope to include key insurance markets outside the UK and Europe.
Autonet Insurance expands marketing network with Affiliate Window deal
Staffordshire-based insurance broker Autonet Insurance has struck a deal with marketing network agency Affiliate Window to source partnerships with organisations seeking vehicle insurance.
52 die in pipeline explosion in China
52 people have died in a pipeline explosion in the port of Qingdao in East China, according to local authorities and media.
R&Q named preferred credit control provider of LMA
Randall and Quilter has been selected as the preferred provider of credit control services by the Lloyd’s Market Association working group.