News
ABI joins calls for Flood Re U-turn on band H homes
The Association of British Insurers is writing to Environment Secretary Owen Paterson in a bid to facilitate the inclusion of council tax band H properties within Flood Re.
RA Cowen boss Scott to chair latest Biba advisory board
The British Insurance Brokers’ Association has appointed RA Cowen and Partners director Grant Scott as chairman of its regional chairs’ advisory board.
Giles deal costs AJG $4.2m in expenses
Integration expenses related to the Giles acquisition cost Arthur J Gallagher $4.2m (£2.5m), according to the global broker’s 2014 Q1 results.
UK roles at risk as NIG launches offshoring consultation
NIG has entered into consultation with staff over proposals to offshore non-broker facing processes to India, Post can reveal.
Bluefin appoints Acxiom's Higgins as PE head
Bluefin has appointed Jon Higgins as its head of private equity, where he will focus on developing Bluefin’s mergers and acquisitions practice in the private equity and corporate arena.
RAC partners with Quindell for £100m telematics joint-venture
RAC and Quindell have come together to launch a new joint-venture company to distribute telematics and connected car products.
Chase Templeton acquires Ealing-based SJS Healthcare
Chase Templeton has acquired Ealing-based SJS Healthcare Associates in a deal adding £2m annual premium income to its books.
Brightside recruits three for senior roles
Listed broker Brightside has recruited a chief operating officer for its retail division, capacity and pricing manager and a head of compliance.
ICA issues warning over compensation calls
The Insurance Council of Australia is warning consumers to be wary about unsolicited calls in connection with potential motor accident compensation claims.
Gallagher buys Wesfarmers broking division for A$1.1bn
International insurance broker Arther J Gallagher & Co. has bought Wesfarmers insurance broking operations based in Australia, New Zealand and the UK for A$1.1bn ($928m).
Apil unveils Hilllsborough psychiatric harm campaign
The Association of Personal Injury Lawyers has launched a new campaign to change the law on psychiatric harm ahead of the 25th anniversary of the Hillsborough tragedy.
Quindell signs claims deal with new motor MGA
Quindell has signed a three-year outsourcing contract with newly launched managing general agent Hawkwell Motor Insurance Company.
Ethics breaches up 22% in CII figures
Latest figures from the Chartered Insurance Institute show a 22% spike in ethics breaches punished by its professional standards board.
Friendsurance looks to Hong Kong billionaire for backing
German peer-to-peer insurer Friendsurance has received funding from two new investors including a Hong Kong billionaire.
Motor MGA Hawkwell launches
Managing general agent Hawkwell Motor is targeting brokers across the UK and Northern Ireland after opening its doors for business.
Gallagher acquires in New Zealand
Arthur J. Gallagher has acquired commercial insurance broker Auckland-based Mike Henry Insurance Brokers.
Markel explores Asian contingency insurance opportunities
Lloyd's insurer Markel International is seeking opportunities to provide event cancellation insurance cover in Asia.
Malaysian GI sector grew 6.4% in 2013
The Malaysian general insurance sector grew gross written premiums 6.4% in 2013 to 16.2bn ringgit ($4.94bn) in 2013.
Guidewire secures Axa Tianping as first customer in China
Chinese motor insurer Axa Tianping (recently renamed) has selected Guidewire ClaimCenter as its new claims management system.
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
Starling running insurance consultancy business
Former Association of British Insurers general insurance director Nick Starling has set up an independent consulting business after leaving the organisation last year.
Ex-Astbury Wren CEO banned and fined for misuse of funds
The director of Astbury Wren has been found to have breached a fundamental regulatory principle and has been subsequently banned from undertaking any regulated activity and fined £70 000 by the Financial Conduct Authority.
Devine launches ‘tech savvy’ motor broker
Former Ageas retail commercial director Brendan Devine has formally launched his new motor broker Sure Thing, targeting a best in class online experience.
Allianz Insurance's retail business granted chartered status
Allianz Insurance’s retail business has been awarded chartered insurer status by the Chartered Insurance Institute.