News
Career File: Brian Kirwan named CEO at AGCS UK
Allianz Global Corporate and Specialty has promoted Brian Kirwan, regional unit London head of market management and communications, to CEO of AGCS UK. He will report directly to Carsten Scheffel, chief regions and markets officer and member of the board…
Market Moves - 1 October 2015
Who has moved where in the world of insurance this week?
Industry leaders hammer out key conference season concerns
Less government intervention in business, the cost of regulation and the planned increase in insurance premium tax top the list of topics that the insurance industry wants addressed ahead of the annual political conference season.
Nimmo to take on Lockton CEO role as Hammond becomes exec chair
Lockton international operations' deputy CEO Neil Nimmo is set to replace Mike Hammond as CEO of the privately held broker in the UK and internationally.
Insurers told to embrace the connected home or lose out
Deutsche Telekom is calling on the insurance industry to seize the opportunity that the connected home represents, in terms of future growth, before the enabling technology is exploited by others.
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Quindell will 'vigorously defend' claimant lawsuit
A claimant group has written to Quindell informing the embattled outsourcing company it intends to sue it for up to £9m before costs.
Aon's Christian to focus on diversity as IIL president
Aon's UK CEO Dominic Christian has been appointed president of the Insurance Institute of London and will focus on diversity and inclusion as the theme of his term.
Dual targets more private clients with rebranding
Dual is targeting more private client business as it wraps its Aqua and Aarun private clients' portfolios with Dual's global reach.
Lim moves from Allied World to ArgoGlobal Asia
David Lim has been appointed head of marine at ArgoGlobal Asia.
Sun Life enters GI market with pet and home offerings
Direct to consumer financial services provider Sun Life has underlined its entry into the general insurance market with the unveiling of a pet insurance proposition.
Am Trust to acquire Republic for £153m
Am Trust has reached an agreement to acquire Texas-based property and casualty insurer Republic from its owners Delek Group for $233m (£153m).
Reid to join Gallagher on 12 October
Incoming Arthur J Gallagher UK retail CEO Stuart Reid is to join the broker on 12 October.
Simply Business boosts pre-tax profits for 2014
Xbridge, the online insurance broker for small businesses operating under the Simply Business name, has reported an 8% increase in pre-tax profits for 2014, according to documents filed at Companies House.
RSA considering Russia and Middle East exit
RSA is looking to offload its operations in Russia and the Middle East with reports deeming such activity as a bid to strengthen its balance sheet after the collapse of Zurich's proposed takeover of the company.
QM Costs opens London office amid growth plans
Liverpool-based Legal cost solutions provider QM Costs has secured new premises in London.
Ageas and Age UK extend partnership for another decade
Ageas has extended its partnership with Age UK for another 10 years, with customers now having the opportunity to manage their insurance policies online.
IMIA publishes best practice for engineering claims
The International Association for Engineering Insurers (IMIA) has published a best practice protocol to enable claims to be paid promptly and efficiently.
Insurers predict lower M&A level than previously expected
Optimism among general insurers and brokers about their overall business situation has dipped, according to the results of the latest CBI/PWC Financial Services survey.
Updated rehab code to become operational from December
An updated version of the rehabilitation code has been published that includes a section for lower-value claims and a separate guide for rehab case managers and people who commission them.
CIS survey shows 100,000 parents 'fronting' offspring's motor polices
The number of parents currently ‘fronting’ motor insurance for their offspring has hit 100,000, according to research from The Co-operative Insurance.
Industry veteran Jeremy Adams joins NUML
Specialist managing general agent Nexus Underwriting Management has hired industry veteran Jeremy Adams as an independent non-executive director.
Advent expands global footprint with Australian joint venture
Advent Insurance Management has established a presence in Australia through a joint venture with Sydney-based regulatory and outsourcing provider Littlewoods Services.
Berenberg advises investors to avoid UK motor market
Berenberg analysts are advising investors to avoid the UK motor insurance market due to challenging operating dynamics and several "under-appreciated headwinds" they have identified.