News
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Video: State of the Broking Nation Webinar
Service and the shift towards digital technology in the general insurance market were discussed in a lively webinar session hosted by Post and LV this week, which is now available to watch.
HCML calls for rehab code to promote early intervention
HCML is calling for the insurance industry working party to the rehabilitation code consultation to tackle delays in assessments, treatment and care which increase costs to insurers.
Fraud taskforce agrees terms of reference in first meeting
The government fraud taskforce has identified data protection as one area to focus on following its first meeting this week.
Ping An buys Marsh's UK head office building
Chinese insurer Ping An has bought office and shopping complex Tower Place in the City of London for £327m.
China's largest law firm to merge with Dentons
Dentons is to merge with China's largest firm Dacheng, to create the biggest law firm in the world by lawyer headcount.
Quindell confirms Slater & Gordon sales talks
Troubled insurance services provider Quindell has confirmed that it is in talks over disposals with law firm Slater & Gordon.
Treasury insurance boss slams industry for lack of self-promotion
HM Treasury’s head of insurance and savings has hit out at the failure of the insurance sector to attract young workers, calling for more self-promotion from the industry.
Miles Smith eyeing acquisitions after Clydesdale refinancing
London broker Miles Smith is laying out plans for growth after becoming the third insurance business to complete a Clydesdale Bank-back debt refinance in two months.
AA partners with Cigna on travel offering
AA Insurance has appointed Cigna Insurance Services to provide its travel underwriting, claims and marketing services.
Zurich appoints Sime to sales head role
Chris Sime has been appointed sales head for commercial broker and personal lines at Zurich.
Miller and Willis reach agreement on wholesale and specialty merger
Miller Insurance Services has reached an agreement with Willis Group Holdings to form a London wholesale specialist broking firm.
Insurance workers value job satisfaction over salary poll finds
Insurance industry workers value job satisfaction and work-life balance over their salary package, a YouGov and Reed poll has found.
PRA expects total UK insurance capital to drop under Solvency II
The Prudential Regulatory Authority’s executive director of insurance has forecast that total capital held by insurers in the UK will likely drop under incoming Solvency II rules.
Applied partners with Close Brothers on premium finance software integration
Software company Applied Systems has agreed a partnership with Close Brothers Premium Finance to integrate premium finance products into Applied’s management system TAM.
Admiral seeks more than 250 new recruits
Admiral is recruiting for more than 250 jobs across its contact centres, IT department and law firms.
BGL boss Donaldson heralds 'record profits' in 2013/14
BGL Group has chalked up a 6% annual increase in profit before tax to £94m for the year ending 30 June 2014 (previous 12 months: £88m).
NCI proposes ISDX withdrawal to shareholders
NCI Vehicle Rescue is proposing a withdrawal from the ISDX Growth Market in a letter sent to shareholders today (22 January).
Less motor emphasis will help spur China premiums, says Swiss Re
China's target of 5% insurance GDP penetration is achievable despite its ambitious target of doubling per capita premiums.
Man charged for attack on Aviva mobile phone system
A man who carried out an attack on Aviva's mobile phone system has been charged today (21 January) by the South East Regional Organised Crime Unit.
Brightside swoops for Hastings CIO Fairhurst
Hastings Insurance Services’ chief information officer James Fairhurst has been appointed to an equivalent role at broker Brightside Group.
Foil condemns MoJ court fees hike
The Forum of Insurance Lawyers has criticised a Ministry of Justice proposal to raise court fees in order to subsidise other parts of the court service.
Carole Nash offers bikers cheaper car insurance for road safety nous
Carole Nash is offering to beat motorcyclists' car insurance renewal quotes after research from the broker found bikers' knowledge of road safety is twice as good as car drivers.
Pen looking to expand product offering and branches in 2015
Arthur J Gallagher's Pen Underwriting has outlined plans to grow its product offering and branch network this year.