News
Towergate takes from RSA to fill chief underwriting role
Towergate has hired Andy Baughan as chief underwriting officer, replacing Paul Jewell in the role.
Greco leaves Generali to become Zurich global CEO
Mario Greco is leaving his role as CEO of Generali to join Zurich as global CEO starting on 1 May.
Aviva survey finds widespread cyber complacency
Research from Aviva shows more than two fifths (44%) of UK businesses believe they are unlikely to be a target for cyber crime.
Demand for M&A assets to outweigh supply, survey finds
Competition for attractive insurance industry merger and acquisition targets is set to intensify in the next three years as more than 80% of insurers plan to acquire while only one third plan to divest, a Willis Towers Watson survey has found.
AIG pares back to achieve planned $25bn shareholder return
AIG plans to return $25bn (£17.5bn) to shareholders through measures including a part-IPO of its mortgage insurance subsidiary and a series of reinsurance transactions, a strategic announcement revealed today (26 January).
Henderson announces new MD and CEO
Henderson Insurance Brokers has hired Andy White, formerly of Zurich, as its new managing director.
Industry bosses encouraged to take on 'hundreds' more apprentices
The Prime Minister’s advisor for apprenticeships has called on the insurance industry to do more to embrace apprenticeships by taking on “hundreds” of new starters.
Claimant legal bodies unite in bid to shape whiplash consultation
Three prominent legal bodies are joining forces in a bid to counter insurance industry-backed proposals to remove general damages from soft tissue injuries that will form part of a government consultation document.
CII launches employer apprenticeship guide
The Chartered Insurance Institute has launched its employer apprenticeship guide as part of a drive to support firms with an appetite to take on apprentices.
Anti-competition concerns quelled as insurers back subrogation portal
The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology.
Covéa confirms involvement in subrogation portal pilot
Covéa Insurance has confirmed it is piloting the electronic subrogation portal on which Aviva and Ageas went live last week.
Industry likely to follow suit as Allianz tackles SME underinsurance
Other insurers are expected to follow Allianz’s lead in addressing underinsurance in the SME market, despite the likely adverse impact on trading results.
RKH Specialty draws up surety plans following PMG acquisition
Hyperion Insurance Group has acquired independent specialist surety broker PMG Financial Services, subject to regulatory approval.
Cobra eyes further deals following purchase of Croydon broker
Cobra Holdings has acquired Croydon-based independent commercial broker Robert Edward Southern.
'Big player' Bailey backed by industry as FCA CEO
The appointment of the Prudential Regulation Authority’s highly regarded CEO Andrew Bailey to the top job at the Financial Conduct Authority has been welcomed by industry leaders who have praised Bailey’s clout and “deep regulatory experience”.
IUA to poll members on EU membership as 2016 agenda is unveiled
Market modernisation projects and an increase in the international services offered to the London company market are among the top priorities for the International Underwriting Association in 2016.
FCA appoints PRA's Bailey as CEO
The Financial Conduct Authority has a new CEO with HM Treasury appointing Prudential Regulation Authority boss Andrew Bailey to the role.
Coram joins DAS as director of customer operations and IT
DAS UK Group has appointed Tony Coram as its new group director of customer operations and IT.
Broker Network unveils debut members only scheme
Broker Network has launched its first member scheme, which is backed by Pro Sight Specialty Underwriting syndicate 1110 at Lloyd’s.
Axa begins publishing claims statistics for individual products
Axa has begun publishing claims statistics for its individual products in a bid to improve customer trust via increased transparency.
99% of motor claims are paid out, says ABI
Figures published by the Association of British Insurers for the first time will show 99% of motor claims were paid out in 2013 and 2014 but one in five household claims were declined.
Six reinsurers apply for licenses in India
The Insurance Regulatory Development Authority of India has confirmed six foreign reinsurers have applied to open branches in the country.
Australia's brokers exempt from financial adviser training
Insurance brokers are exempt from new government training requirements for financial advisers in Australia.
Career Development: Digital future for training
I-COG Claims Management has launched an online training course for claims managers, developed for the UK insurance industry but available worldwide.