News
Keelan Westall MD Tonge resigns
Keelan Westall managing director Wayne Tonge has resigned from his post, Arthur J Gallagher has confirmed.
Ombudsman sees non-PPI complaints rise 3% in H1
The Financial Ombudsman Service has reported a 3% increase in complaints about financial products other than PPI from the second half of 2013, including a 1% increase in insurance cases.
Quindell buys out RAC in telematics JV
Quindell is to acquire all of RAC's shares in the companies' telematics joint venture after the businesses concluded it was not a good use of capital to finance a free roll-out to customers.
Research centre warns on Australia summer bushfire risk
The Natural Hazards Cooperative Research Centre in Australia is warning of a greater than normal chance of bushfires across much of Australia for summer 2014-15.
Suspected Japanese crime groups to be offered motor cover
General insurers in Japan will be allowed to sell motor cover to suspected crime syndicates from next month according to a report from the Japan Times.
Hancock starts AIG CEO role
As of yesterday, Peter Hancock assumed the role of president and CEO of AIG, and has joined AIG’s board of directors.
CIB partners with Aviva on affinity product
The Collinson Group's broking division CIB has partnered with Aviva to offer affinity home insurance to corporate partners.
Fracking touted as 'attractive source of business' for insurers
Fracking could be an attractive source of new business for insurers if rules and guidelines are closely adhered to, according to DAC Beachcroft.
Software re-launch sees Validus tackle £6m of motor fraud in 18 months
Updates to Validus fraud tools have seen the firm investigate nearly 700 claims over 18 months, worth a total of £6m.
Airmic in partnership to tackle reputational risk
Airmic is to work with the Reputation Institute to tackle reputational risk.
Ageas joins Carrot’s motor underwriting panel
Ageas has joined the motor underwriting panel for broker Carrot Insurance’s telematics product.
Biba appoints consumer advocate as NED
The British Insurance Brokers' Association has appointed personal finance consumer advocate Teresa Fritz as an independent non-executive director on its main board.
McManus eyeing Q1 2015 for start-up return
Former Giles chief executive Brendan McManus is plotting a return to the insurance industry in early 2015 leading a new start-up project, Post understands.
Xchanging promotes Lamb to broking director
Xchanging has appointed Nick Lamb as broking director and Xchanging Broking Services managing director.
Lloyd's extends Construction Consortium for Asia
After launching last year in London, Lloyd's has extended its Construction Consortium to Asia.
Barbican follows Cathedral in signing up for Charles Taylor claims service
Barbican has become the second managing agent to sign up for Charles Taylors’s elective claims service.
Entry opportunities available as reinsurance market continues to soften
A softening reinsurance market is expected to continue to impact the reinsurance and Lloyd’s subsectors in 2015, according to a note published by Berenberg, which states that previous underperformance presents opportunities.
Latitude launches after out-of-court settlement
After gaining regulatory approval, a Cooper Gay-backed Hong Kong marine broker has opened as a separate entity.
RAC recruits CBI president ahead of IPO plans
RAC has recruited the president of the Confederation of British Industry as its new chairman as uit readies plans to enter the London Stock Exchange.
NCI Vehicle Rescue notches record pre-tax profits
Motor and pet specialist NCI Vehicle Rescue recorded its best ever pre -tax profits for the year ending 31 March 2014.
Innovation Group boosting UK workforce by more than 10% with Caerphilly HQ
Innovation Group is to create a new divisional headquarters in Caerphilly, Wales, creating 77 jobs and investing £1.6m.
Pulp Fiction’s Harvey Keitel fronts Direct Line campaign
Hollywood star Harvey Keitel is leading a new advertising campaign for Direct Line, reprising his role from Quentin Tarantino’s Pulp Fiction.
China endorses Hong Kong voting rules for 2017
The National People's Congress in China has approved a framework for Hong Kong voting reforms for 2017 which could lead to street protests in Hong Kong.
Former LAS CEO Cooper exits Innovation Group
The former chief executive and founder of LAS has departed the business less than six months after it was acquired by Innovation Group, Post can reveal.