News
Bluefin recruits for Leeds, Stockport business development
Axa-owned broker Bluefin has recruited two news business development directors to be based in its Leeds and Stockport offices.
Marsh opens office in Birmingham city centre
Global insurance broker Marsh has moved into new premises at the Colmore Plaza development in Birmingham city centre as part of its expansion across the Midlands.
European floods to cost insurers £3.3bn
The insurance industry will faces losses of €4bn (£3.3bn) following flooding across Central Europe are, with most of the claims coming in Germany.
European flood payout tops £3.3bn
Insured losses from flooding across Central Europe are estimated at €4bn (£3.3bn), with most of the claims coming in Germany.
Transactor turnover increases 15%
Transactor Global Solutions reported a turnover in excess of £7.7m for the year from 1 April 2012 to 31 March 2013.
Sterling launches online complaints management system
Sterling Technologies has launched an off the shelf online complaints management system designed to provide a tailored solution to the UK insurance industry.
France looking to insurers to boost lending
France’s finance ministry is to relax rules on insurer’s ability to lend, allowing firms to devote up to 5% of their balance sheets to corporate loans.
Lloyd’s insurer Advent names Fitzgerald CEO
Nigel Fitzgerald has completed a six month transition period to take the reigns as chief executive officer at Advent.
Generali takes control of Germany’s second-largest insurer
The Generali Group has struck a deal to purchase a minority stake in Generali Deutschland, taking it beyond a 95% holding and triggering a full buy out.
Ten teams up with Prism for disaster recovery and repair offering
Ten Insurance Services has joined forces with Prism Network to provide disaster recovery and repair services to its members.
E&Y: Finance firms fight bribery better
Financial service firms are leading the way in battling corruption and bribery according to a study from Ernst & Young.
CEO Rowell departs Jubilee
Johnny Rowell, chief executive of Jubilee Group is to step down, replaced on an interim basis by the firm’s chief operating officer.
Giles hires NIG corporate motor specialist
Giles has appointed Anne Norrie as corporate development executive.
Crawford makes three appointments
Crawford & Company UK has appointed three senior international adjusters within its international market team.
Insurer wins lawsuit to sue Lance Armstrong
Acceptance Insurance Holdings has won the right to sue disgraced cyclist Lance Armstrong after a judge in Texas refused Armstrong’s request to dismiss the case.
Foil sector focus teams to concentrate on property claims and retail
The Forum of Insurance Lawyers has created two new specialist sector focus teams, targeting property claims and the retail sector.
Data 2013: OS discussing possibility of speed limit database
Telematics providers have been given a boost after Ordnance Survey revealed that firms may no longer need to rely on outdated resources such as Google Street View in order to generate speed limit data.
Liberty appoints new non-executive
Liberty Syndicates has appointed Richard Reid as non-executive director.
Towergate telematics offering implicated in teen driving deaths
A coroner is to write to Towergate Smart Motor with concerns about telematics rules following the death of two teenagers who sped home to meet the curfew set by their insurer.
BLM opens EC3 office
Law firm Berrymans Lace Mawer is to open a new office on Leadenhall Street in a bid to better service the London market.
Aviva to almost halve offices as underwriters move into broker sites
Aviva is to shrink its office locations from 30 to 17 and cut staff following a decision to put more underwriting decision-makers in brokers’ offices.
FSA bosses Sants and Turner paid £0.5m for gardening leave
The Financial Services Authority paid its former chief executive Hector Sants and chairman Adair Turner a total of £552 178 in compensation for being unable to take on another financial services role.
TV boss waits for sentencing over insurance con
A UK-based Bengali TV channel boss is facing jail time for accepting at least £500 000 from a crash-for-cash scam knowing the money had been conned out of insurance companies.
Howden appoints head of Asia retail business
International broker Howden has appointed of V. Harikes as managing director of its retail businesses across Asia.