News
GRP backs MBO at Lloyd's broker Ropner
London market consolidator Global Risk Partners has backed its second management buyout in three months after agreeing to support an MBO by Lloyd’s marine broker Ropner Insurance Services.
William Hague tops the billing as Biba unveils 2015 conference line-up
The Leader of the House of Commons William Hague MP and Professor Brian Cox have been named among the keynote speakers for the British Insurance Brokers' Association's 2015 conference in Manchester.
Allianz Commercial promotes Dixon as casualty boss Dee departs
Allianz Commercial’s head of property insurance Catherine Dixon has had her remit extended to cover property and casualty following the role departure of casualty boss Chris Dee.
Broking profits rise $59m at Gallagher as acquisition costs spiral upwards
US giant Arthur J Gallagher’s broking operation chalked up net earnings of $263.8m (£174.1m) for the year ended 31 December 2014, compared to $204.8m over the previous 12 months.
Tysers aviation MD Walters jets off to Gallagher
Arthur J Gallagher has hired Tysers’ aviation managing director Mark Walters to lead its own aviation division.
At least 31 dead in Taiwan plane crash
At least 31 people have been confirmed dead after a TransAsia Airways plane clipped a bridge near Taipei, Taiwan's capital, this morning.
Charles Taylor recruits four for Singapore energy team
Charles Taylor Adjusting has recruited four senior members to its Asia-Pacific energy team after losing four of its team to rival LWI last year.
Duff and Phelps to acquire American Appraisal
Global valuation and corporate finance advisor Duff & Phelps Corporation has agreed to acquire global full-service valuation and fixed asset management advisor American Appraisal.
Ageas confirms Stanley’s departure after ‘consultation process’
Ageas’ change and development director will be leaving the business at the end of March, the insurer confirmed today.
Insurance Bill awaits royal assent after passing in Commons
The Insurance Bill passed unanimously in the House of Commons today (3 February) and is now only waiting for Royal Assent to become law.
Profits soar at Davies as CEO Saulter eyes growth
Loss adjuster Davies Group has reported a year-on-year jump in operating profits, cash flow and revenue in its latest annual results.
IUA calls for clarity on individual responsibilities
The International Underwriting Association has called on UK insurance regulators to clearly state the prime authority of company boards over individual responsibilities for complying with industry rules.
Principal Insurance plans to grow following £250k funding
Manchester-based specialist motorcycle broker Principal Insurance has secured a £250,000 loan to fund its growth plans.
RSA holds motor event at the House of Commons
MPs, transport officials, road safety and telematics specialists met in the House of Commons today (3 February) to discuss how government and businesses can work together to ensure emerging technologies benefits drivers.
Voluntary code mooted to tackle automatism loophole
Insurers should consider adopting a voluntary code to ensure injured policyholders are compensated even in situations where negligence cannot be established, according to the firm at the centre of an automatism loophole dispute.
Audio: Lyons on rival Towergate bids
Towergate interim CEO Alastair Lyons discusses the firm's various former suitors and why the debt-for-equity swap deal with senior creditors was its preferred bid.
Gallagher announces interim CFO for international business
Arthur J Gallagher has appointed Ian Story as interim chief financial officer for the company’s international business, subject to regulatory approval.
Quindell assures market over ongoing sales talks
Insurance outsourcer Quindell has confirmed that talks to sell its legal services arm to Australian law firm Slater & Gordon are ongoing.
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
Video: Chairman of UK Spill Stewart Ower
OHES Environmental founder and chairman of UK Spill Stewart Ower speaks with Post about raising the profile of UK Spill, the benefits of good spill response, and life as part of Arthur J Gallagher.
Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
Insurance industry failing to engage on social media as UK lags behind US
UK companies are being outperformed by their US counterparts in their use of social media for corporate communications, according to an Investis review, which ranked the insurance industry as one of the lowest performing sectors.
India's Insurance Bill could open door for Lloyd's
Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.
Pacific Prime hails Axa Singapore medical product
Axa's product for pre-existing conditions is a "major shift" in the market, according to the broker's Pacific Prime manager Singapore, Olivier Zeller.