News
Aviva, RSA and Allianz await fallout from Savile abuse allegations
Aviva, RSA and Allianz were the BBC’s primary insurers during the 40 years that alleged sex offender Jimmy Savile worked for the broadcaster, and could face sexual abuse claims of up to £30m.
Balva’s UK ban raises questions over SRA list of qualifying PI insurers
A move by the Latvian regulator to suspend the passporting rights of Riga-based insurer Balva has reignited broker concerns about the presence of unrated insurance companies operating in the UK market.
AIR considers business interruption following Boston bombings
A large section of Boston's Back Bay area remains off-limits to all but law enforcement officials and the FBI, following yesterday's fatal bomb blasts near the finish line of the city's marathon.
Prudential appoints marketing chief in Hong Kong
Anthony Shaw (pictured) has been promoted to chief officer, marketing and customer service for Prudential in Hong Kong.
M7.8 earthquake strikes near Iran and Pakistan border
A powerful 7.8 magnitude earthquake struck Iran in the province of Sistan Baluchistan which has a large border with Pakistan on 16 April.
Willis secures twelve month extention in Gras Savoye deal
Willis Group has extended the exercise date of its call option to acquire full ownership of French insurance broker Gras Savoye by one year.
Apil strengthens organisation with three senior appointments
The Association of Personal Injury Layers has appointed a new president, vice-president and secretary, all due to take over their roles this week.
CGSC secures $500m financing deal
Cooper Gay Swett & Crawford has today completed a $500m (£326.6m) financing exercise from US-based investors.
DAC Beachcroft defectors lead Clyde's Spanish expansion
Four partners from DAC Beachcroft's Madrid team, Ignacio Figuerol, Ricardo Garrido, Pablo Guillen and Miguel Relano, have resigned to establish an office for Clyde & Co in Madrid.
Freak injury saves LAS director from Boston bomb blasts
LAS business development director Ian Hogarth has revealed how an injury to his wife during yesterday’s Boston Marathon saved the couple from being caught up in the carnage caused by two bomb blasts.
Ace appoints environmental head for Germanic region
Ace Group has appointed of Udo Wegerhoff as environmental insurance manager for its Germanic region as it grows its environmental offering across Continental Europe.
Chubb Europe reshuffles financial lines team
Chubb Insurance Company of Europe unveiled two senior finanical lines appointments today.
All Balva licences suspended following "deficiencies"
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licences issued to AAS Balva.
Latvian watchdog suspends all Balva licences
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licenses issued to AAS Balva.
Career File - Mark Winlow: Ageas and Groupama non-executive director Winlow takes up NED role at RFIB
RFIB Holdings has appointed Mark Winlow as non-executive director.
Market Moves: Insurers take the week’s spoils as Ace leads recruitment surge
This week, insurers were on top, with Ace, Covéa and Liberty Mutual among the firms to have tied up deals to bring in new faces.
Chubb appoints Marcello to European CSI role
Chubb has appointed Julie Marcello to the role of European Specialty Insurance manager.
Swinton confirms Patrick Smith’s retirement
Swinton has confirmed Patrick Smith has retired and will no longer serve the company, Post’s sister publication Insurance Age has revealed.
FCA warns of ‘clone’ insurance broker
The Financial Conduct Authority has issued a warning over an unauthorised firm trading under a similar name as the established and FCA-regulated insurance mortgages intermediary, KBP Insurance Service.
AIA rolls out 50 000 ipads
Life insurer AIA to complete roll out of 50 000 ipads across 16 countries to salespeople.
United India wants to expand agriculture insurance to Maharashtra
United India Insurance wants to sell agriculture and weather products in Western India.
Hong Kong Consumer Council slams insurance regulator levy
Controversy over the funding of the new insurance regulator in Hong Kong.
South Korean refiners struggling to insure Iranian oil
South Korea is the latest country to struggle to find insurance for oil imports from Iran after tough EU and US sanctions.
Loss assessor Thompson & Bryan bought from administration
Troubled loss assessor Thompson & Bryan has been rescued from administration by former Harris Balcome partner Paul Lawrence, who has purchased the intellectual property and work in progress.