News
Liberty Insurance appoints new president in Singapore
Property and casualty insurer Liberty Mutual Insurance has appointed Luiz Francisco Campos as president of Liberty Insurance Singapore.
Former Barbon board member joins Let Alliance
John Boyle, ex-managing director of Home Let and board member of Barbon Insurance has joined Let Alliance as executive advisor to the board and senior management team.
General Legal Protection MD speaks out on claims culture
The ease with which the current insurance claims system can be abused contributes to the compensation culture in the UK, General Legal Protection managing director André Scruton says.
Towergate network division reports membership surge
Towergate-owned Broker Network and Countrywide have boosted membership by signing up nine broking businesses over the past two months.
Reinsurers underwriting gains offset by unrealised losses
A newly-published report shows reinsurers’ underwriting gains in H1 2013 were offset by unrealised investment losses.
Home & Legacy selects Allianz for family legal service
Allianz Legal Protection has been selected by Home & Legacy to provide a new family legal service for all new and renewal business.
Lloyds Bank completes €300m German life insurer sale
Lloyds Banking Group has completed the sale of life insurer Heidelberger Leben to a combination of Hannover Re and Cinven, a private equity group.
Deakin targets commercial retail growth at Arthur J Gallagher
Arthur J Gallagher UK commercial director Janice Deakin is confident of achieving growth in the commercial retail space after describing it as “an ideal time” to be targeting business.
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
Axa to offer settlement on Accident Exchange disputes
Axa is to make a third attempt to end all of its credit hire rate disputes with Accident Exchange through a global settlement, Post can reveal.
90% of insurance staff proud to work in the sector
Research by recruitment firm Randstad has revealed that 90% of insurance professionals are proud to work in the industry.
Ecclesiastical to focus on investment growth
Ecclesiastical is set to grow its investment arm on the back of its improved half year results.
Mike Lobb joins US Risk UK
Former Howden Broking Group chief of staff Mike Lobb has been appointed the first managing director of US Risk UK.
Hyperion stake sale nets £29m for BP Marsh
The sale of a 30% stake in Hyperion to General Atlantic has banked the private equity firm £29.2m according to accounts released today.
Aon opens new Cambridge office
Aon Risk Solutions is opening a new office in Cambridge as well as expanding the existing Aon offices based in St Albans and Chelmsford as part of regional expansion plans.
Banks in £1.3bn insurance mis-selling pay-out scheme
The Financial Conduct Authority has reached an agreement with Card Protection Plan Limited and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s card protection and identity…
Carole Nash turnover improves despite shrinking market
Turnover at motorcycle broker Carole Nash improved by nearly 5% in 2012 while the company’s profit dropped by £400 000.
Plumeri joins KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
Allianz Global Corporate & Specialty makes key appointment in Hong Kong
Allianz Global Corporate & Specialty Hong Kong has appointed Jack Jenner its new head of market management.
China's central bank to lead regulation meetings
The governor of People's Bank of China Zhou Xiaochuan is set to chair a regulatory committee made up of the regulators for banks, securities firms, insurance and the foreign exchange.
Ecclesiastical records sub-100% COR despite GWP reduction
Ecclesiastical has achieved a 95.6% UK combined operating ratio for the first half of the year(H1 2012: 109.9%).
N&G cover wins British Rowing endorsement
Rowing cover provided by Navigators and General through Elite Rowing Insurance has been backed by the governing body for the sport of rowing, allowing the insurer to offer cover to British Rowing’s 550 clubs.
VIG completes integration of former QBE Macedonia
The former QBE Macedonia firm has completed its integration into the Vienna Insurance Group and was renamed as Akcionersko Društvo za Osiguruvanje i Reosiguruvanje Makedonija Skopje.
Marsh networks boss looking north for new members
Marsh’s networks leader Martyn Denney has vowed to boost membership in the north of England and in Scotland.