News
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.
Lockton recruits from JLT for Greater China CEO role
Alex Yip, former chairman and general manager of China at JLT, has joined Lockton to become CEO of Greater China.
Insurers urged to gather evidence on the impact of Laspo on Meso claims
Insurers have been advised to gather evidence on the effect of introducing the Laspo reforms to mesothelioma claims, despite last week’s ruling that attempts to abolish recoverability of success fees and insurance premiums were unlawful.
Canopius acquires ANV team to run consumer products business
Canopius Group has launched a consumer products business for the UK affinity market.
Former AIG CEO Sullivan named Cooper Gay chairman
Martin Sullivan has been named as the new non-executive chairman of Cooper Gay Swett & Crawford, effectively immediately.
Willis appoints Best to Guernsey role
Willis Group Holdings has appointed Martin Best as the managing director of Willis Management in Guernsey.
Kiln hires intellectual property underwriter
Kiln has appointed Ian Lewis as enterprise risk underwriter specialising in intellectual property.
Lloyd’s quartet partner with US homeland security chief to launch cyber insurer
Four Lloyd’s insurers will reportedly partner with the US’s first ever homeland security chief to set up a venture specialising in corporate cyber security policies.
FCA contacted after Das audit leads to double staff suspension
Das has informed the Financial Conduct Authority after a routine internal audit within the firm’s after the event division led to two employees being suspended.
UK General boosts East of England presence with schemes deal
Leeds-based managing general agent UK General has partnered with Cambridge broker 2gether Insurance on an excess protection ancillary schemes deal.
Axa swoops for Perkins Slade director Ramos
Axa has recruited Perkins Slade’s Bert Ramos to serve as sales manager, as the insurer continues to grow its Birmingham branch.
Charles Taylor recruits Hurst-Bannister for non-exec chair
Claims specialist Charles Taylor has named former Lloyd’s Market Association chairman and Lloyd’s council member Barnabas Hurst-Bannister as a non-executive director.
Property director Fice quits QBE
QBE’s property director Peter Fice has quit the Australian insurer after six years.
Innovation Group in property division re-brand
Innovation Group is to consolidate the identity of its UK property businesses under the new banner of Innovation Property UK.
Ryan Direct Group snaps up Assurant Intermediary
Doncaster-based Ryan Direct Group is acquiring the entire share capital of Assurant Intermediary along with its 55 000 policies and £20m of gross written premiums for its home and protection books.
Protests cost Hong Kong retailers at least £161m says ANZ
Hong Kong's pro-democracy protests cost the city's retailers at least £161m (HK$2bn) according to figures from bank ANZ.
Deadly typhoon causes heavy disruption in Japan
Two US airmen are missing and one is dead after heavy surf from Typhoon Phanfone pulled them out to sea on the island of Okinawa.
ABI refuses to 'take lectures' from CHOs on credit hire portal
The Association of British Insurers has lashed out at the Credit Hire Organisation following its plea for insurers to back an electronic portal.
Post Office hires Aston Scott's Adams for sales support role
Aston Scott business development boss Sarah Adams has joined the Post Office to take on the role of channel support and delivery manager.
LV adds quads, trikes and buggies cover to Open GI
LV Broker’s highway quads, trikes and buggies product is now available on Open GI.
ABI 'frustrated' after high court judgment delays Meso reform
The Association of British Insurers has criticised a high court ruling which found government plans to deduct legal fees from the damages paid to mesothelioma suffers were unlawful.
Escott hands former Davies boss Crawford COO role
Former Davies chief executive Charles Crawford has taken on a new role as group chief operating officer of CPP Group.
AA director Simon Douglas resigns
AA Insurance director Simon Douglas has resigned from his post to explore other career options, the broker has confirmed.
McGurk to head MSIG Glasgow branch
Mitsui Sumitomo Insurance Group at Lloyd's has appointed Magnus McGurk as manager of its Glasgow branch.