News
Global Options CEO Pinder moving to consultancy role
Global Options CEO Frank Pinder is to move away from day-to-day operations of the US investigations specialist, taking on a consultancy role for the business.
Zurich completes sale of Russian retail business
Zurich Insurance Group has completed the sale of its general insurance retail business in Russia to OLMA Group.
Decline in policy numbers sees 5% GWP drop at DLG
Direct Line Group has seen gross written premiums fall across its motor and home books for the first nine months of 2014 largely attributed to reductions in in-force policies.
Swiftcover offering up to 12.5% discount for in-car camera users
Axa-owned insurance brand Swiftcover is to offer customers a discount of up to 12.5% on their motor insurance if they use an in-car camera on their vehicle’s dashboard.
Arista promotes Bodman to Northern region lead
Towergate-owned managing general agent Arista has promoted senior development underwriter Jon Bodman to its Northern area underwriting manager, recruiting an Aviva team leader to replace him.
Ebola 'fear' threatens to cause disruption in developed countries
Fear of Ebola is more disruptive in developed countries than the deaths and illnesses it causes, according to the Cambridge Risk Centre for Risk Studies.
RUP Commercial rebrands to Century Underwriting
Motor managing general agent RUP Commercial Risks has changed its name to Century Underwriting as it looks to expand into liability and property insurance.
UK General boosts group headcount alongside sales director hire
UK General wants to continue growth in its schemes division and has hired personal lines sales director Paul Everett to support its strategy.
Begbies Traynor appointed administrators for Balva broker Bar Professions
Rescue and recovery specialists Begbies Traynor have overseen the sale of parts of Bar Professions’ professional indemnity book, after being appointed administrators for the Lloyd’s broker.
Arc Legal reports 12% 2013 revenue growth
Arc Legal Assistance has reported a 12% increase in revenue to £21.5m for 2013.
Jelf adds LV products to panel after strengthening partnership deal
LV has become a strategic partner of broker Jelf in a deal that will see all of the insurer’s commercial products available through the Jelf panel.
Aviva reports best UKGI COR result in eight years
Aviva group CEO Mark Wilson has hailed a strong performance from the company's UK general insurance business in announcing its third quarter results, citing the year-to-date 94.1% combined operating ratio as the lowest in eight years.
Generali appoints Dunning as Asia head of claims
Generali global corporate and commercial has made two key appointments in Hong Kong for its Asia business.
Bishop assumes premium finance hotseat at Close Brothers
Close Brothers Premium Finance CEO Janet Wilson has been replaced by the chief operating officer of the firm’s banking division Sharon Bishop with immediate effect.
Quartix to float on AIM market next week
Telematics company Quartix is to float on London's AIM market on 6 November with a market capitalisation of £54.1m.
Willis and Miller a good cultural fit says Hearn
Willis deputy CEO Steve Hearn has expressed confidence in the shared values and cultures between his own business and its potential purchase Miller.
Insurers defend service levels in wake of broker criticism
Insurers have been quick to defend their service levels and approach to relationship-building after brokers surveyed by Post considered firms were left wanting in these areas.
Motorists voice safety concerns ahead of driverless car trials
One in three UK motorists are concerned that driverless cars could be dangerous, according to a survey carried out by Autoglass.
Motor premiums still falling says ABI
The Association of British Insurers has reported further decreases in the prices paid for motor policies, despite other trackers reporting hardening prices.
Axa motor claims boss heads to Coverbox after just four months
Axa direct and partnership’s head of motor claims has been recruited by telematics insurer Drivestyle Insurer to serve as its new operations director.
Shepherd takes on ABI general insurance manager role
Former Association of British Insurers property policy adviser Mark Shepherd has been promoted to general insurance manager at the trade body.
AA criticises climate change report findings on 'insufficient' flood defences
AA Insurance has called a Committee on Climate Change report suggesting flood defence investment in UK urban areas is insufficient "disappointing".
UK GI firms facing skills shortages up 13%, CII survey finds
Nearly three quarters (73%) of general insurance businesses are facing skills shortages, a 13% increase from 2013, according to research from the Chartered Insurance Institute.
Gallagher records year-to-date acquisition costs of £25m
Arthur J Gallagher saw a 38% increase in adjusted revenues in its brokerage and risk management segments for the third quarter of 2014 while acquisitions in the year-to-date have cost the US broker $40.6m (£25m).