News
Besso fined £315 000 by FCA
Broker Besso has been fined £315 000 by the Financial Conduct Authority for failing to take reasonable care to maintain controls against the risks of bribery and corruption.
Prettejohn linked with Lloyds Bank non-exec seat
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
Aviva contents claimants offered Amazon gift certificates
Aviva is talking up the benefits of a partnership with Amazon that enables the insurer to provide gift certificates to policyholders who have lodged contents claims within 90 seconds via text or email.
Towergate acquires four regional broking operations
Towergate chief executive Mark Hodges has heralded continued “acquisition momentum” in 2014 after agreeing deals to take on four regional broking businesses.
BLM joins forces with Scottish firm
Insurance law firm Berrymans Lace Mawer is joining forces with Scottish firm HBM Sayers in a deal expected to complete on 1 May.
AGCS elevates Mack to chief claims officer
Alexander Mack has been appointed to the newly created chief claims officer role on the Allianz Global Corporate and Specialty management board.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Personal lines brokers told to shore up data defences after Aviva breach
PRA and FCA expected to increase scrutiny of data protection systems.
Brokers warned to scrutinise TOBAs ahead of new employers’ liability rules
Insurers could pass on fines to firms failing to obtain employee reference numbers.
Soft rates stall motor insurance IPOs after Esure falters
SNL Financial says ‘no bottom in sight’ for motor pricing.
Singapore's GI business worth S3.5bn in 2013
Total general insurance gross written premiums in Singapore were S$3.5bn ($2.77bn) last year up 5.4% over 2012 according to the General Insurance Association of Singapore.
Suncorp raises concerns over IAG's Lumley acquisition
Australian financial group Suncorp which owns general insurer Vero in New Zealand has serious concerns about IAG's potential acquisition of Lumley in the country.
Flood Re changes 'arbitrary' claims BPF
Changes to include blocks of three or fewer flats into Flood Re are “arbitrary” and “difficult to understand” according to the British Property Federation.
Halo launches French retail site
Halo Insurance Services has launched a retail site in France selling excess car hire insurance direct to the customer.
Allianz agrees to pay missing plane claim
Allianz has agreed to pay the hull and liability claim for Malaysia Airlines flight MH370, despite ongoing uncertainty about the fate of the aircraft along with its passengers and crew, Post understands.
Ecclesiastical appoints Hutcheon to lead Australian business
Ecclesiastical has appointed Warren Hutcheon as chief executive of its Australian business Ansvar.
JLT Towers Re Bermuda launches following acquisition
JLT Towers Re has launched a combined operation in Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Nixon pockets £129.5m from Moneysupermarket share sale
Moneysupermarket co-founder Simon Nixon is cashing in another £129.5m of shares, representing a 12.9% stake in the business.
Advent appoints Cooke as cargo underwriter
Lloyd’s insurer Advent has appointed Gary Cooke as a cargo underwriter in its marine division.
Malaysia Airlines loss at least $500m says Credit Suisse
A Credit Suisse report has estimated the total insurance loss of Malaysia Airlines flight MH370 at between $500m (£301m) and $600m.
Aviva publishes customer reviews online
Aviva is publishing customer car and home claims service reviews on its website, giving buyers the opportunity to see how others rate the insurer before buying its products.
Macau and China combined motor policies unlikely
The chairman of the Monetary Authority of Macau Anselmo Teng Lin Seng has said single motor policies for cars with dual Macau and Guangdong registration plates are unlikely to gain approval.
QBE rebrands and expands in Philippines
QBE's Philippines majority owned business QBE Seaboard has received its operation license from the Insurance Commissioner’s Office and is expanding its number of branches.
Ace Life appoints Asia-Pacific regional partnership officer
Ace Life, the global life insurance division of Ace Group, has appointed Graeme Pearson as regional chief partnership officer in Asia-Pacific.