News
Helvetia names new CEO as Stefan Loacker steps down
Helvetia Group CEO Stefan Loacker is stepping down after nine years in the position.
Insurers mobilise contingency plans following Brexit vote
Deloitte has released a statement claiming that insurers are mobilising their contingency plans in response to last Thursday’s Brexit vote.
Cooper Gay could see widespread job cuts
Cooper Gay CEO Steve Hearn said that the company will make redundancies as a result of restructuring.
Brightside restructuring could place 50 jobs at risk
Brightside has put 50 jobs at risk pending a restructuring programme affecting the Group’s non-customer-facing functions.
Ecclesiastical publishes statement of principles for abuse claims
Ecclesiastical has published a statement of principles outlining its approach to managing claims brought against organisations for physical and sexual abuse.
Mike Bruce and GRP settle with Bluefin after ‘fruitful’ negotiations
GRP and Mike Bruce have reached a ”fruitful” but undisclosed settlement with Bluefin, a court heard on Tuesday.
Peter Hacker appointed as group innovation officer at Cooper Gay
Cooper Gay has appointed Peter Hacker as group chief innovation officer, reporting to group CEO Steve Hearn.
ABI reassures sector is 'well capitalised' as market volatility continues following Brexit
The Association of British Insurers has attempted to calm fluctuating financial markets following the Brexit vote.
XL Catlin launches global mergers and acquisitions insurance division
XL Catlin has launched its global mergers and acquisitions insurance division, to be headed by Brian Benjamin as global head.
Bluefin, Bruce and GRP in 'advanced stages' of settlement
A trial between Bluefin and its former CEO Mike Bruce was adjourned briefly this morning as all parties were said to be in "advanced stages" of settlement.
London floods are manageable, insurers say
Despite putting a dampener on summer, flooding last week in London is small-scale, according to insurers.
Advisers warn of 'messy divorce' ahead with EU
Post-Brexit negotiations will be tough going and UK businesses must cooperate with EU member states.
#postpeople 27th June - 1st July
Find out this week's movers
Legal & General appoints Sir John Kingman as chairman
The board of Legal and General Group has announced Sir John Kingman as group chairman of Legal & General.
MGA looking to redomicile to Ireland following Brexit vote
A Kent-based intermediary has said “all options are open” following a Brexit vote, as its parent company CBL Insurance said the firm could redomicile to Dublin.
RSA appoints Isabel Hudson as non-executive board director
RSA will appoint Isabel Hudson as non-executive board director this week.
Insurers see shares fall on second day of post-Brexit trading
The country’s top insurers saw shares fall on the second day of trading following the Brexit vote, despite efforts to calm the market.
Insurance saleswoman sentenced after £31,500 commission scam
An insurance saleswoman has been sentenced after a £31,500 commission scam in which she deliberately mis-sold large numbers of corporate health plan policies.
Hiscox launches renovation and extension product
Hiscox has launched a new renovation and extension insurance product, which protects homeowners undertaking sizeable building works on their property.
Grimsby businessman jailed over £114k insurance scam
A businessman has been jailed for faking and forging a number of invoices and documents as part of a £114,000 insurance fraud linked to his kitchen sales business.
Markel International Spain restructures underwriting department
Markel International Spain has restructured its underwriting department into two areas, personal accident and liability.
QBE attempts to reassure investors following Brexit
QBE Insurance Group attempted to calm investors ahead of the opening of the Australian stock exchange this morning with a statement claiming they do not anticipate any material impact on their day to day operations following the UK’s vote to leave the EU.
Aviva upgraded after insurer moves to quell investor concerns post Brexit vote
Investment adviser Macquarie has lowered its price target for Aviva to 442p from 502p and upgraded the stock to 'outperform' from 'neutral' following the UK’s vote to leave the EU last week.
UK faces future from "position of strength", says Osborne
Chancellor George Osborne has said there are no immediate plans for an emergency budget and that he will stay on in his role.