News
Telford succeeds Rocks in Liberty management reshuffle
Liberty Specialty Markets has announced Alan Telford will succeed Sean Rocks as chief underwriting officer of its commercial division.
Lloyd's supportive of syndicates that expect to turn motor profit
Lloyd’s motor book produced a calendar year combined ratio of 106.4% (2013: 108.6%) in a market described as competitive by Lloyd’s director of finance, John Parry.
Cathedral leads consortia for Germanwings A320 war policy
Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
Roughead named Ellis Clowes CEO
Ellis Clowes, the specialist Lloyd's of London insurance broker, has appointed Ann Roughead to its board as CEO for the group.
Gumtree ghost broker jailed for two years
A car rental firm owner who made £65,000 selling invalid motor insurance was jailed today for two years at the Old Bailey (26 March).
Heritage Insurance granted Lloyd's registered broker status
Heritage Insurance has been granted Lloyd's registered broker status; a move that allows Heritage Insurance Solutions, the Financial Conduct Authority-regulated arm of Guernsey-headquartered Heritage Group, to place business directly with Lloyd's…
Ageas unveils consolidated commercial claims panel
Crawford & Company and its recently acquired business GAB Robins are among the big winners following the consolidation of Ageas’ commercial claims panels.
Aviva eyes Belfast relocation as claims function closes
Aviva is to move to a new office development in Belfast after notifying regional brokers of the closure of its claims function a month ahead of schedule.
FCA funding requirement increases 8.4%
The Financial Conduct Authority's annual funding requirement has increased by 8.4% to £481.6m for the year 2015/16.
Claims Awards 2015: shortlist revealed
Today Post is pleased to reveal the shortlist for the 2015 Claims Awards.
Devon-based Pavey Group buys Exeter broker
Devon-based Pavey Group has acquired broker Buddens Westinsure to expand its operations in Exeter.
CII CEO Sandy Scott to stand down
Sandy Scott is to relinquish his role as CEO at the Chartered Insurance Institute.
CEO Beale hails 'strong' result despite flat Lloyd's profit of £3.2bn
Lloyd's has posted a pre-tax profit of £3.2bn for 2014 in what CEO Inga Beale has described as a "strong set of results" for the specialist insurance market.
Nicholls replaces Gladwell as Crawford UK & Ireland CEO
Clive Nicholls has been appointed as CEO of Crawford & Company UK & Ireland in a leadership reshuffle following its acquisition of GAB Robins.
Redress for opt-out add-on buyers mooted
Redress for consumers who bought add-ons unnecessarily through the opt-out process would be a "logical conclusion" of the Financial Conduct Authority consultation into the sales practice, according to PWC.
AA refuses to rule out Gibraltar for "well advanced" new insurer launch plan
The AA is “well advanced” in its plans to launch a new insurance company vehicle to quote on its broker panel for motor insurance, with a launch expected within months.
Property bodies call for delay to final Flood Re regulations
A coalition of property industry bodies have written to Secretary of State Liz Truss calling for the government to delay laying the final regulations of its flood insurance scheme, Flood Re, to ensure that homeowners are not left exposed to rocketing…
Industry warned of potential class suit from rugby concussion claims
A predicted big "storm" of concussion injury claims from rugby union players has the potential to lead to a costly class action lawsuit, legal experts have warned.
Money Supermarket's Nixon backs out of share sale
Money Supermarket founder Simon Nixon has decided against selling a 6.4% stake in the company one day after it was proposed.
Tulloch concerned over climate change
Aviva's CEO Maurice Tulloch has voiced his concerns over climate change at the Association of British Insurers' event on the subject on 24 March.
AA posts 1% increase in revenue as it unveils refinancing plan
The AA posted a 1% increase in revenue to £983.5m for the year ended 31 January 2015, preliminary figures published today revealed.
ERS puts 380 staff on notice as it targets 90% COR
Specialist motor insurer ERS today put 380 staff on notice of redundancy ahead of the closure of its Brentwood office.
Ageas promotes Middle to head up retail division
Ageas Retail’s Partnership director Ant Middle has been appointed as CEO of Ageas Retail.
FCA mulls ban on opt-out selling of add-ons
The Financial Conduct Authority has sounded the death knell for the opt-out method of selling of add-ons, following its market study last year.