News
Market Moves - 22 October 2015
All the latest movers and shakers on the insurance scene
Industry urges for home-grown FCA appointment
Industry commentators have been left perplexed by reports that Financial Conduct Authority head hunters have approached Australian regulator Greg Medcraft about the top job, and have urged the regulator to choose a CEO who will take the time to get to…
Holland promoted at Triton Global in Australia
Mathew Holland has been promoted at claims service provider Triton Global in Australia.
Liberty Specialty Markets exits UK motor sector
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, is to exit the UK motor market following a strategic review.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.
Applied Net 2015: Comparing Google
Ellen Carney of Forrester Research has predicted that there will be a 25% reduction in the number of insurance agencies in the US by 2020.
Applied Net 2015: Millennials hold key amid ageing shareholder demographic
The US insurance industry must up its investment in young talent in order to secure a healthy future for the market, according Reagan Consulting principal Thomas Doran.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.
The Floow signs agreement with Chinese company
Telematics provider The Floow today (19 October) partnered with a Chinese car service organisation with the aim of bringing safer and cheaper mobility to the Chinese market.
Ten Insurance Services furthers staff ownership plan with shares incentive
Network Ten Insurance Services has introduced a shareholder incentive plan as a means for staff to purchase shares in the company.
Barbon hires Cigna's Glynne for commercial role
Barbon Insurance Group has appointed Cigna Insurance Services' Andy Glynne as its commercial director.
Bupa unveils self-referral cancer service
Bupa UK has launched a new self-referral service for breast and bowel cancer sufferers.
LV Broker's Rourke to lead personal lines underwriting
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Claimant firms predicting profits in next 12 months, survey finds
Nearly half of claimant personal injury and clinical negligence law firms are expecting their turnover and profit to increase over the next year as they remain confident about the appeal of smaller firms to consumers, according to research published by…
Powell to lead terrorism division at Acappella Syndicate 2014
Acappella Syndicate 2014 has appointed Jonathan Powell as divisional head of its new war, terrorism and political violence division.
Aviva calls in Ifed after customer data theft
Aviva has called in the Insurance Fraud Enforcement Department after a rogue employee sold details of customers who had been involved in road accidents to claims companies.
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
Lang joins ArgoGlobal as COO
ArgoGlobal has hired Lloyd's former chief data officer David Lang as its new COO.
Ford teams up with Marmalade for young driver insurance
Ford and Marmalade have joined forces to offer young drivers cheaper insurance on new Fiesta or Ka vehicles.
Charles Taylor sticks to strategy with non-life business transfer
Charles Taylor subsidiaries Cardrow Insurance and Beech Hill Insurance have entered agreements to transfer their insurance businesses to Tenecom, a subsidiary of Berkshire Hathaway.
CEO Shane Doyle to leave Dual
Talbir Bains has been appointed interim CEO at Dual following the news that Shane Doyle is to leave the company and begin a new independent venture.
Gillian Anderson Brown and Alastair Drew named directors at Alan Boswell Group
Broker Alan Boswell Group has appointed Gillian Anderson Brown and Alastair Drew to the board of two of the group's companies.
Profit drought returns for UK motor insurers, Towers Watson finds
The underwriting profits seen for motor insurers in 2013 evaporated over the course of 2014, according to Towers Watson's UK Motor Insurance Industry report.
Profits increase 31% at Besso
Lloyd's broker Besso has posted an increase in both profit and turnover for the year ending 31 December 2014.