News
Swinton acquires Sunderland broker
Swinton has acquired Sunderland-based broker Thompson Insurance Consultants following the retirement of its owner.
RSA Scandinavia director Wilson-Brown to become More Than MD
RSA has named its Scandinavian operation’s strategy, marketing and customer director Phil Wilson-Brown as managing director of its More Than brand.
ANV appoints two to consumer products team
ANV has grown its consumer products team with two hires including Sanjay Vara who joins as consumer products head.
Willis completes acquisition of Sweden's Max Matthiessen
Willis has completed its acquisition of a 75% controlling stake in Swedish insurance adviser Max Matthiessen.
Alan & Thomas grows footprint with Dorchester acquisition
Alan & Thomas has bought Casterbridge Insurance in Dorchester, the broker's second acquisition in the area in two months.
Lloyd's market missing out on up to £200m of loss fund cash
Research conducted by service provider Ambant has shown that between £175m and £200m of loss fund cash is sitting dormant across the Lloyd's market.
Rentguard ‘confident’ over Towergate commission dispute
Rentguard is confident of victory in a dispute with Towergate, in which it has alleged the broker has not paid hundreds of thousands of pounds of commissions following a dispute over new business.
Markel buying German travel broker MDT
Markel is to purchase Frankfurt-based managing general agent and broker MDT, which focuses on the German travel sector.
Australian Lloyd's coverholder Mobius appoints general manager
Stuart Warden has been promoted to general manager at Lloyd's coverholder Mobius Underwriting Australasia, part of SLE Holdings.
Hong Kong moves to 'high risk' in Civil Risk Index
The Umbrella Movement protests in Hong Kong have led a global risk analytics company to move Hong Kong to 'high risk' in its Civil Unrest Index.
Magnitude 6 earthquake rocks Yunnan province, China
Yesterday evening a magnitude 6 earthquake killed one and injured over 300 people in Yunnan, in South-West China.
July 2015 implementation unlikely for Flood Re as groundwork continues
Flood Re boss Tom Woolgrove has admitted Q4 2015 date is now more likely
‘Wake-up call’ PWC survey reveals extent of customer distrust
Insurers admit industry must do more to improve sector’s service and image
Insurers fear revised whiplash reforms ‘will change absolutely nothing’
MoJ consultation reveals watered-down plans regarding medical experts
Insurers doubt CHO’s electronic portal proposal can provide credit hire answer
‘Abuse’ with no consequences remains an issue with general terms of agreement
QBE Europe chairman steps down after joining main board
QBE’s chairman of European operations Brian Pomeroy has stepped down after eight years in the role.
IFR retains insurer support despite membership delays
Insurers have reiterated their support for the Insurance Fraud Register despite onerous data standards meaning that half of the UK’s largest motor players are yet to become members.
Flood Re live date delayed to Q4 2015
The organisation in charge of implementing Flood Re is now progressing towards the scheme launching in Q4 2015 rather than next summer as planned.
Zurich UK GI CEO Smith replaced by group controller Sharma
Zurich has announced that Switzerland-based group controller Vibhu Sharma will replace Dave Smith as UK general insurance chief executive from April next year.
Welsh government help fund expansion of broker Penn Insure
Penn Insure has become the latest insurance company to benefit from financial backing by the Welsh government after the Pontypool-based firm unveiled plans to move to larger premises and create 17 new jobs.
RSA CRO Weymouth replaced by McDonnell ahead of retirement
RSA has promoted group risk director William McDonnell to the role of group chief risk officer ahead of incumbent CRO David Weymouth’s retirement in May next year.
28% of consumers cutting back on insurance because of cost
Almost a third of Britons have cut back on their insurance purchasing because they could not afford it, according to figures from Close Brothers Premium Finance.
Ironshore boosts Japan Lloyd's M&A team
P&C insurer Ironshore has appointed former lawyer Steven Harwood as Ironshore's Lloyd's syndicate Pembroke's dedicated underwriter in Tokyo.
Hilton sells iconic New York hotel to Chinese insurer for £1.2bn
Beijing-based insurer Anbang Insurance Group has purchased the Waldorf Astoria for £1.2bn ($1.95bn) from Hilton Worldwide owned by the Blackstone Group.