News
Environment secretary Owen Paterson ‘sacked’
Incumbent environment secretary Owen Paterson will depart the cabinet as part of a reshuffle being announced today, according to reports.
Absolute recruits former London 2012 cybercrime advisor
Insurance investigator Absolute Partnership has named one of the UK’s leading cybercrime experts as its new director of data and intelligence.
Towergate Underwriting pair poached by Gallagher
Arthur J Gallagher has snapped up Towergate Underwriting duo Andy Westby and Simon Lewer for its online managing general agent division’s senior management team.
Quest Partnership appointed to handle Balva liability claims
Liability adjuster The Quest Partnership has been appointed to handle liability claims following the failure of Latvian insurer Balva.
Caretaker Zurich boss Smith targets 10% share of SME market
Zurich will attempt to wrestle control from established SME players Axa and Aviva in order to secure a 10% market share following the launch of its broker-only e-trading platform, according to interim UK general insurance chief executive David Smith.
Ghost broker sentenced to three years in jail
A ghost broker who targeted Manchester students has been sentenced to three years in jail.
IRS purchase will see Lark surpass £26m of annual revenues
Lark Group has moved to boost its annual revenues to more than £26m with the acquisition of Suffolk-based commercial broker Insurance Risk Solutions.
Former RSA CEO Haste named Wonga chairman
Former RSA and Axa Sun Life chief executive Andy Haste has been appointed as chairman of payday lender Wonga with immediate effect.
Axa recruits three in Scottish agriculture growth drive
Axa has recruited a trio of underwriters as part of a bid to drive growth in North East Scotland, with a particular eye on the agricultural sector.
Triton Global promotes three to partner status
Legal services provider Triton Global has promoted three staff to the role of partner, effective 1 August.
DLG reportedly in ‘advanced talks’ over German and Italian disposals
Direct Line Group is in advanced negotiations over the sale of its operations in Germany and Italy according a report from Reuters.
RSA UK claims boss Pitt to replace Hannah as Esure COO in Q4
Esure has appointed RSA’s claims director for UK and Western Europe David Pitt as its chief operating officer.
Gallagher Insurance Solutions loses two senior execs
Two senior executives have left Gallagher Insurance Solutions to take on other commercial interests, broker Arthur J Gallagher has confirmed.
Zurich heralds 'quantum leap' following SME e-trading launch
Zurich commercial broker interim managing director Richard Coleman believes the launch of a broker-only SME digital trading platform puts his firm “way ahead of the competition”.
Unicorn launches Axa-backed property products
THB-owned underwriting agency Unicorn has launched two new UK property product in partnership with Axa.
Questgates unveils surveying division
Loss adjuster Questgates has today revealed a new surveying services division, bringing together operations in subsidence, third party property damage and valuation services.
Quindell forecasts 193% spike in pre-tax profits
Quindell has forecast pre-tax profits for H1 to almost triple on a year-on-year basis, ahead of a formal statement on results next month.
Supreme Court blocks Allianz RSA subrogation appeal
The UK Supreme Court has rejected a bid from Allianz to continue its legal battles with RSA over the cost of repairing vehicles.
Rental car manager fined for selling customer data to CMC
A former Enterprise Rent-A-Car branch manager has been prosecuted by the Information Commissioner's Office after stealing the records of nearly 2000 customers before selling them to a claims management company.
Coleman to head up Zurich commercial broker on interim basis
Zurich’s commercial broker business will be led by the insurer’s SME director Richard Coleman on an interim basis following the temporary promotion of David Smith to the role of UK general insurance chief executive.
FSCS to protect 'most' of Balva's individual and SME policyholders
The Financial Services Compensation Scheme has said it will step in to help policyholders of Latvian insurer Balva.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Money Supermarket predicts £122m H1 revenue
Aggegator Money Supermarket is predicting half year revenues to jump 9% ahead of the same period last year to £122m.
Aspen urges shareholders to reject ‘inadequate' Endurance proposals
Bermuda-based insurer Aspen is urging shareholders to reject continuing takeover advances from Endurance Specialty Holdings as it released preliminary Q2 results.