News
MA Group invites Guest to lead new property venture
Flood repair specialists the MA Group have hired Ian Guest from Allianz to head up a new property venture.
David Ross lined up for Towergate CEO role
Arthur J Gallagher International CEO David Ross is set to leave the company and take over at Towergate.
Improved social media engagement a 'key priority' for insurers
Insurance companies have conceded more needs to be done to embrace social media as a tool to engage with consumers after a survey ranked the industry among the worst performing sectors in terms of online presence.
The County Group reports growth and targets acquisitions
Broker The County Group has reported an 18% increase in organic growth for its financial year 2013/2014
Insurers vow to learn from CMA report blow to combat credit repair inflation
The Competition and Markets Authority’s decision not to address the rising cost of credit hire has led to a “free for all” in credit repair cost inflation, according to insurers, who have vowed to unite to tackle the issue.
Driverless cars could mean the end of third-party insurance
A Government report due this week is expected to say that third-party insurance could be eliminated as road trials of driverless cars in the UK are set to begin.
Bermuda ‘surprised and disappointed' by Miliband tax comments
The Government of Bermuda is "surprised and disappointed" that the island has been included in the list of referenced territories which lack openness in such areas as ultimate beneficial ownership of companies.
ABI welcomes Supreme Court rebuff of Welsh asbestos plans
The Association of British Insurers has welcomed a Supreme Court Judgement denying the Welsh Assembly the right to bill insurers for the treatment costs of patients with asbestos-related illnesses.
Aon creates SME division and strengthens affinity offering
Aon Risk Solutions has launched an SME division bringing together small-business focused areas enterprise and partners, in a bid to broaden its client proposition and create a centre of client excellence.
Reform needed to target industrial deafness claims, says Aviva
Aviva is calling for a significant shakeup into how industrial deafness claims are settled after reporting that 85% of such claims fail to demonstrate any link to workplace noise-induced hearing loss.
Ex-Ifed boss Wood to lead Hastings Direct fraud investigation team
Former Insurance Fraud Enforcement Department head DCI Dave Wood has been hired to lead a specialist investigation team within Hastings Direct’s counter fraud division.
Global CCO forum to be chaired by Allianz chief compliance officer
Allianz group’s chief compliance officer Dr Thomas Loesler, has been appointed chairman of the newly-founded Global Insurance Chief Compliance Officers Forum.
CFC launches new piracy cover with quote-and-buy portal
CFC Underwriting has launched a new marine piracy product, designed to streamline the quoting and buying process.
Six from Keighley charged over crash-for-cash fraud
Six people from Keighley are to appear in court this week after being charged over an alleged conspiracy to commit insurance fraud over a three-year period.
Video: Flood Re CEO Brendan McCafferty
Flood Re CEO Brendan McCafferty tells Post reporter Katie Marriner what attracted him to take on the role as well as what has been keeping him busy since taking the helm of Flood Re in October 2014.
Northcourt launches £65.5m capacity nuclear liability facility
Lloyd's managing general agent Northcourt has launched a global nuclear liability insurance facility initially offering up to $100m (£65.5m) of capacity.
Principal to open Dublin office after Yorkshire Bank backing
Manchester broker Principal Insurance is to open a Dublin office in spring offering a range of motorcycle insurance products.
Anthem Insurance recovering from huge security breach
A huge amount of personal information of employees and customers was stolen from US health insurer Anthem last week.
China's Sunshine buys unopened New York hotel
Sunshine Insurance is set to pay $230m (£151m) for luxury New York property the Baccarat Hotel.
MMC CEO Glaser hails 'outstanding performance' of broking arm Marsh
Marsh & McLennan’s risk and insurance services business has reported revenue of $6.9bn (£4.5bn) in 2014, an increase of 5%, or 3% underlying revenue growth.
Towergate's Lyons hails creditor deal as ‘vote of confidence’ in the broker
Alastair Lyons, Towergate interim CEO, has hailed the deal reached with secured and unsecured creditors as “a vote of confidence” in Towergate and its future strategic plans.
Towergate confirms unsecured bondholders to purchase majority share
Towergate has confirmed that it has reached an agreement to be acquired by its senior unsecured creditors.
Towergate approves creditor takeover
Towergate has formally agreed a deal with its bondholders that will see the company taken over by its unsecured creditors, according to a Reuters report.
Aon posts 3% increase in revenue in Q4
Aon posted a 3% increase in revenue to $3.3bn (£2.16bn) in the final quarter of 2014, primarily driven by 6% organic revenue growth. organic revenue grow by 6% to $3.3bn (£2.16bn) in the final quarter of 2014, the broker’s results published today…