News
Samengo-Turner appointed Marsh UK specialty CEO as Moody moves to Guy Carpenter
Dominic Samengo-Turner has been appointed CEO of Marsh specialty UK and Ireland replacing Paul Moody who is moving to become UK CEO of Guy Carpenter.
EU scraps mandatory green cards for UK motorists
The European Commission will waive the obligation for motorists from the UK to show green cards, a move that has been welcomed by insurers.
CII AGM resolutions pass but organisation declines to hold no confidence vote
The Chartered Insurance Institute opted not to put two motions to members at its annual general meeting yesterday that called for a halt to the implementation of the 2016 strategic manifesto and for a vote of no confidence in CEO Sian Fisher.
Gallagher confirms personal data accessed in cyber attack
Gallagher is notifying “potentially affected” individuals and entities after an investigation showed systems affected by last year’s cyber incident held medical information, credit card information and more.
Government watching Bill to remove effects of Vnuk ruling 'with interest'
A Bill that aims to remove the effects of the European Court of Justice’s controversial Vnuk ruling from British law has been introduced to parliament.
Covéa expected to do 'anything and everything' to make an Axa XL Re deal happen
Covéa is reportedly mulling a third attempt in four years to buy a reinsurer as it eyes Axa XL Re, with experts noting the insurer would look 'pretty hapless' if it failed to get another deal over the line.
Peter Blanc elected CII president
The Chartered Insurance Institute has named Aston Lark CEO Peter Blanc as president for 2022.
Ardonagh to launch reinsurance broker Inver Re
Ardonagh is looking to launch a reinsurance broker in the second half of the year following its purchase of BGC's insurance business.
Jensten Group adds £50m GWP with 'slam dunk' Tasker acquisition
Jensten Group has acquired Tasker Insurance Group for an undisclosed sum, adding businesses to its retail broking, wholesale broking and managing general agent divisions.
QOCS comes into force in Scotland prompting claims uptick concerns
Insurers are expecting claims volumes to rise in Scotland as Qualified One Way Costs Shifting goes live.
CII members push for AGM motions to suspend body's CEO and manifesto
The Chartered Insurance Institute has received a request for motions to be tabled at its annual general meeting that call for the body’s strategic manifesto to be suspended and audited and for the suspension of CEO Sian Fisher.
Brokers 'essential' to Aviva’s growth plans says Winslow
Adam Winslow, UK & Ireland general insurance CEO at Aviva, has confirmed the insurer’s commitment to brokers as it looks to commercial growth.
CMC fined £110,000 for nuisance calls
Claims Management Company Crosfill & Archer Claims has been fined £110,000 by the Financial Conduct Authority for historic unsolicited telemarketing calls.
Markel names Wilson as Stovin's successor
Markel has appointed Simon Wilson as the next president of its international insurance division, succeeding William Stovin.
Competitors see opportunities as Aon-WTW delay risks leaving the brokers in 'no man’s land'
Further delays to the Aon-Willis Towers Watson merger caused by the decision by the US Department of Justice to file a civil antitrust lawsuit to block the transaction will lead to opportunities to snap up staff and clients, according to UK brokers.
PIB presses 'pause' on recommending Hiscox to clients after Covid crisis response
PIB has hit pause on recommending Hiscox to customers but has not ended its agency with the insurer, Post can reveal.
Hiscox settles arbitration with business interruption action group
Hiscox has reached a settlement in arbitration proceedings brought against it by an action group of businesses for business interruption losses suffered during last year’s first coronavirus lockdown.
Carnegie-Brown: Every conversation should be about sustainability, climate and inclusion
Lloyd’s chairman Bruce Carnegie-Brown urged that “every conversation” should be about sustainability, climate and inclusion as the insurance industry partnered with the Prince of Wales for his Sustainable Markets Initiative Insurance Task Force.
Sky takes majority Neos stake from Aviva
Exclusive: Sky UK has taken a significant stake in smart home insurtech Neos from Aviva.
Past presidents call on PFS members to vote against CII AGM proposals
Four past presidents of the Personal Finance Society are among those that have put their names to a website urging members to vote against elements of the Chartered Insurance Institute’s upcoming annual general meeting, as the rows over deregistering the…
Fewer lead underwriters in London market 'an inevitability', says Hiscox's Lawrence
The pool of lead underwriters in the London market shrinking over the next decade is an “inevitability”, Hiscox London Market chief underwriting officer Paul Lawrence has said.
Prince of Wales launches sustainable insurance task force; Aviva joins forces with WWF; Ford links up with By Miles; and LV reveals PI panel
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FCA urged by Treasury Select Committee to set out timeline for culture-changing transformation
Politicians have called for the Financial Conduct Authority to set an end date for a transformation programme that seeks, among other things, to tackle the “siloed” culture within the regulator.
Treasury Select Committee calls for fraudulent ads to be tackled in Online Safety Bill
The Treasury Select Committee has criticised the government for a “missed opportunity” to tackle fraudulent online adverts and prevent customers being scammed by fake financial products.