News
Chilton encouraged to answer retail question mark with senior hires
Arthur J Gallagher International CEO Grahame Chilton must prioritise replenishing his senior team if he is to thrive at the broker, according to market peers, who have highlighted a lack of UK retail experience as a potential obstacle.
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Aviva Investors fined £17.6m by FCA
The Financial Conduct Authority has fined Aviva Investors £17.6m for systems and controls failings that meant it failed to manage conflicts of interest fairly.
Online court proposal queried as a 'white elephant' for insurance claims
The proposal to introduce an online dispute resolution system for civil claims below £25,000 has been branded "overly ambitious" and a "potential white elephant" by industry commentators who have called for thorough testing before such a system is…
Detriment to genuine claimants cited as insurers push for industrial deafness reform
Claimant solicitors have told insurers to “stop bleating” about the need to introduce reform to address the growing number of industrial deafness claims, amid concerns regarding the impact on genuine claimants.
Money Supermarket lays down renewals challenge for insurers
Aggregator Money Supermarket is challenging the insurance industry to adopt eight recommendations it has put forward to make the auto-renewal process fairer for consumers.
Ascot and Beazley named among claims service improvers in Gracechurch report
Ascot, Beazley and RSA are among the London market insurers that have increased their net satisfaction ranking for claims service, according to research from Gracechurch consulting.
Ombudsman publishes complaints data for H2 2014
The Financial Ombudsman Service has published details of complaints it received from consumers in the second half of 2014.
Insurers tried to influence child abuse inquiries, says former social services director
Councils and insurers have been criticised following an investigation into the set-up of child abuse inquiries at children's homes.
Former FSA boss in frame to replace Lyons at Towergate
John Tiner, former CEO of the Financial Services Authority, is a contender to replace Alastair Lyons as chairman of Towergate according to a report.
Ironshore hires Asia-Pacific managing director from Catlin
Ironshore International has named Hui Yun Boo as managing director Asia-Pacific and principal officer for Singapore.
Claims rising from Cyclone Marcia
So far almost 9000 claims have been lodged in Queensland as a result of last weekend's Cyclone Marcia according to the Insurance Council of Australia.
QBE bounced back to profit in 2014; GWP fell 9%
Australian giant QBE secured an after tax profit of $742m (£480m) in 2014 after seeing a pre-tax loss of $254m in 2013 but missed profit expectations.
AJG International CEO Chilton defends retail credentials
New Arthur J Gallagher international CEO Grahame ‘Chily’ Chilton has hit back at claims he lacks retail experience in his first interview since assuming the role.
Competition watchdog approves Esure's Go Compare purchase
The Competition and Markets Authority has approved Esure's proposed £95m acquisition of the remaining 50% share of aggregator Go Compare with the deal expected to complete on 31 March.
CMA inviting comments on Willis and Miller merger
The Competition and Markets Authority is asking for comments on the anticipated acquisition by Willis Group Holdings of Miller Insurance Services.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
SII insurer NEDs to face same regulation as banks
Changes to the banking industry's senior managers regime that affect non-executive directors are to be implemented for Solvency II insurers, the Financial Conduct Authority says.
Brown and Deakin to join Towergate
Arthur J Gallagher’s commercial director Janice Deakin and executive chairman of underwriting and distribution Adrian Brown have both agreed to follow former boss David Ross to Towergate.
Company policies failing to protect vulnerable consumers finds FCA
The Financial Conduct Authority has challenged financial services firms to develop new approaches to support vulnerable consumers.
Defendant ordered to pay costs in fraudulent whiplash case
A judge in Portsmouth has thrown out a case that involved a motorist trying to claim fraudulent damages for whiplash.
Charlin moves to Axa UK investment officer role
Bruno Charlin has been appointed Axa UK chief investment officer; having moved over from his role at Axa Group.
Lloyd's appoints first representative in South Korea
Lloyd's has appointed Jin-Yung Sun as its first representative in South Korea.
Quindell still in talks to sell division
Insurance outsourcer Quindell has extended Slater & Gordon's exclusivity period relating to the possible purchase of its professional services arm.