News
Allianz posts increased GWP and lower COR for Q1 2015
Allianz has reported a jump in gross written premiums and a reduced combined operating ratio for the first quarter of 2015, in figures published today.
Howden recruits five from JLT in Singapore
Howden International has recruited five senior brokers from rival JLT in Singapore.
Keey denies diverting Towergate acquisition opportunity
Christopher Keey, a former independent consultant to Arthur J Gallagher, has denied involvement in diverting an opportunity to acquire Towergate away from Gallagher and also rejected being any part of an orchestrated team move to the broker.
Ex-Gallagher CFO Mugge claims he had no restrictive covenants
Former Arthur J Gallagher International chief financial officer Mark Mugge has denied that he was subject to any post-termination restrictive covenants with his ex-employer.
Gallagher had ‘no appetite' for Towergate purchase, Ross claims
Arthur J Gallagher did not have the appetite or financial capacity to acquire Towergate due to a $30m (£19m) cap on acquistions, according to a High Court defence document signed by incoming Towergate CEO David Ross.
AIG replaced as Boots schemes travel provider by IIS
High-street chemist Boots has replaced AIG as the schemes provider for its travel insurance suite with Travel Insurance Facilities subsidiary Infinity Insurance Solutions.
Ross claims he felt unsafe at home after Gallagher surveillance
Incoming Towergate CEO David Ross has filed a counterclaim against former employer Arthur J Gallagher International alleging the broker misused his private information after having him followed by a surveillance company.
Quiz of the week - 15 May
Do you know your Biba from your BIA?
Hill Dickinson puts 30 insurance staff on redundancy risk
Law firm Hill Dickinson has placed 30 of its insurance staff on risk of redundancy, subject to a 30 day consultation period.
Healix International snaps up Capita Global Assistance
Healix International is to acquire medical and travel assistance company Capita Global Assistance.
Skuld's 2014 bottom line result drops 53%
Norwegian marine insurer Skuld has reported a bottom line result of $13.5m (£8.5m) for the 2014 financial year; a decrease on its 2013 result of $29m.
Generali loses motor market share in Italy and France
Italian insurer Generali saw a 4.6% property and casualty profit decline in the first quarter after it counted the cost of storms in Italy, Germany and Austria.
Guest promoted at XL Catlin in Singapore
David Guest, formerly underwriting manager, crisis management at XL has been promoted at newly formed XL Catlin.
Western Australia signs up to compulsory third party motor insurance
From 1 July 2016 motorists in Western Australia will be required to purchase third party (no-fault) insurance.
Singapore fraudster sentenced to six months in jail
27 year old Abdul Rahman Aziz has been sentenced to six months in jail for conspiring to defraud Axa after a staged traffic accident.
PMI broker Chase Templeton completes second M&A deal of the week
Acquisition-hungry Chase Templeton has sealed its second sizeable deal of the week with the purchase of Brighton-based intermediary Medical Insurance Advisers.
O’Roarke mulls non-exec role
LV general insurance managing director John O'Roarke is considering taking on a non-executive advisory position at the insurer when his current four-year deal comes to an end in 2016.
#BibaFever : Episode Seven - High jinks and highlights
Did anyone in Manchester just go to sleep last night? It appears not. Find out where and how Biba 2015 delegates spent the evening.
Carole Nash renews UMA with Ageas
Motorcycle broker Carole Nash has completed the early renewal of its underwriting management agreement with insurer Ageas.
ABI calls for one year minimum learning period for young drivers
The Association of British Insurers has reignited its lobbying campaign around the need to introduce graduated driving licencing and is calling for the new government to publish a green paper on the matter.
Godwin and Ingrouille join IUA board
AIG property casualty's UK chief operating officer Geoff Godwin and Nigel Ingrouille, UK branch manager for Swiss Re International, have been appointed to the board of the International Underwriting Association.
AA tipped to acquire XL Gibraltar arm to launch motor insurer
The AA has been tipped to swoop for XL Insurance (Gibraltar) in order to launch its new motor insurer.
#BibaFever: Episode Six – Marc Lafferty
As the second day of Biba 2015 gets underway, Auto Windscreens sales director Marc Lafferty explains why the Vegas-inspired Markerstudy stand is the place to be at this year’s conference, and what makes Auto Windscreens a great partner for brokers to do…
Axa courts brokers with new e-trading structure
Axa commercial lines and personal intermediary has developed a new structure to deliver upon its 2020 broker e-trading strategy.