News
Hiscox report finds one in five small businesses are not insured
One in five small business owners and managers do not have any insurance, according to a survey carried out across six countries by Hiscox.
Hindson joins Argo as chief risk officer
Alex Hindson has been appointed chief risk officer at Argo.
Market Moves – 3 September 2015
All the latest recruitment news from the world of insurance.
Bluefin delivers £23m statutory loss in 2014 as Ebitda margin narrows
Bluefin Insurance Group’s statutory results for last year, including gross revenue and a goodwill amortisation charge of £16m, show a reported loss of £23m.
Former Hiscox COO Langley becomes Gallagher non-exec chair
Arthur J Gallagher International has hired Sue Langley as non-executive chairman of the Gallagher Holdings UK board.
Carlyle to acquire Innovation Group at 40p per share
A 40p per share price has been agreed for private equity firm Carlyle to acquire the Innovation Group.
Swiss insurer Helvetia increases profits and records dynamic growth
Helvetia has recorded a "very satisfying business performance" for the first half of 2015, which it claims reflects the successful acquisitions of Nationale Suisse and Basler Austria last year.
Apil president calls for collaboration on CMCs and young driver safety
The president of the Association of Personal Injury Lawyers wants to “ratchet down the rhetoric” and create greater collaboration between insurers and claimant solicitors by targeting mutual priorities.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
SMEs rate insurers among the top three most transparent institutions
A survey of SME directors carried out by Axa found that the least transparent institution that they have regular dealings with is their local council. The most transparent in order were accountants, lawyers, and insurers.
Insurers risk losing customers amid demand for smartphone interaction
General insurers are in danger of losing their customers to new entrants unless they step up their digital game, according to research carried out by Deloitte.
LMA poll highlights casualty underwriters' fears for reinsurance market
The majority of casualty treaty underwriters polled by the Lloyd’s Market Association believe the international reinsurance market is in danger of repeating historical mistakes by offering more relaxed terms and conditions.
Build up to Aviva and Friends Life merger probed by FCA, claims report
The Financial Conduct Authority is investigating the build up to Aviva’s merger with Friends Life and has asked investment bankers involved in the deal to hand over records.
Octo Telematics unveils smartphone app at British Motor GP
Octo Telematics has launched a smartphone app that allows motorists to track, score and improve their driving and riding behaviour, while also delivering drivers with a qualified risk profile to its insurance partners.
RDG to bolster commercial and SME presence following Astle hire
Ageas’ head of broker development James Astle is to join insurance services firm Ryan Direct Group as broker development director for personal and commercial lines business.
Fosun's insurance profits increased 15-fold in first half
Chinese conglomerate Fosun's insurance profits in the first six months of 2015 climbed 1463% to 1.79bn yuan (£182m) compared to the same period last year.
QBE confirms Lingafelter appointment in Asia-Pacific
QBE has confirmed the appointment of Mark Lingafelter, previously managing director and CEO of Chubb in Australia.
Ageas sells Hong Kong division to Chinese private equity firm
Ageas has sold its Hong Kong division to China's largest private equity firm JD Capital for HK$10.7bn (£895m).
Peak Re grows strongly in Europe and the US
Hong Kong-based reinsurer Peak Re is growing strongly in Europe and the US.
Bollington back in the black in 2014 with £1.1m profit
Bollington Insurance Brokers has bounced back from a loss of £586,471 in 2013 to record an after tax profit of £1.1m for the year ended 31 December 2014.
Old wounds re-opened as Accident Exchange raises dishonest evidence concerns
Six years after the Autofocus fraud scandal, Accident Exchange is to write an open letter to defendant law firms and insurance companies it believes are engaged in dishonest car hire rate evidence activity.
Innovation Group in takeover talks with Carlyle
Software and outsourcing provider Innovation Group is in talks with US firm Carlyle about a potential takeover.
Allianz and BMW launch shortfall product covering up to 100% of invoice price
Allianz and BMW have launched a shortfall insurance product with which UK customers no longer need to select the traditional £10,000 or £20,000 worth of cover.
NAH data shows 92% of claimants in contact within first year of RTA
One of the personal injury firms behind the launch of the Ethical Marketing Charter has defended its record amid suggestions by insurers that the number of late claims has tripled in recent times.