News
Hancock starts AIG CEO role
As of yesterday, Peter Hancock assumed the role of president and CEO of AIG, and has joined AIG’s board of directors.
CIB partners with Aviva on affinity product
The Collinson Group's broking division CIB has partnered with Aviva to offer affinity home insurance to corporate partners.
Fracking touted as 'attractive source of business' for insurers
Fracking could be an attractive source of new business for insurers if rules and guidelines are closely adhered to, according to DAC Beachcroft.
Software re-launch sees Validus tackle £6m of motor fraud in 18 months
Updates to Validus fraud tools have seen the firm investigate nearly 700 claims over 18 months, worth a total of £6m.
Airmic in partnership to tackle reputational risk
Airmic is to work with the Reputation Institute to tackle reputational risk.
Ageas joins Carrot’s motor underwriting panel
Ageas has joined the motor underwriting panel for broker Carrot Insurance’s telematics product.
Biba appoints consumer advocate as NED
The British Insurance Brokers' Association has appointed personal finance consumer advocate Teresa Fritz as an independent non-executive director on its main board.
McManus eyeing Q1 2015 for start-up return
Former Giles chief executive Brendan McManus is plotting a return to the insurance industry in early 2015 leading a new start-up project, Post understands.
Xchanging promotes Lamb to broking director
Xchanging has appointed Nick Lamb as broking director and Xchanging Broking Services managing director.
Lloyd's extends Construction Consortium for Asia
After launching last year in London, Lloyd's has extended its Construction Consortium to Asia.
Barbican follows Cathedral in signing up for Charles Taylor claims service
Barbican has become the second managing agent to sign up for Charles Taylors’s elective claims service.
Entry opportunities available as reinsurance market continues to soften
A softening reinsurance market is expected to continue to impact the reinsurance and Lloyd’s subsectors in 2015, according to a note published by Berenberg, which states that previous underperformance presents opportunities.
Latitude launches after out-of-court settlement
After gaining regulatory approval, a Cooper Gay-backed Hong Kong marine broker has opened as a separate entity.
RAC recruits CBI president ahead of IPO plans
RAC has recruited the president of the Confederation of British Industry as its new chairman as uit readies plans to enter the London Stock Exchange.
NCI Vehicle Rescue notches record pre-tax profits
Motor and pet specialist NCI Vehicle Rescue recorded its best ever pre -tax profits for the year ending 31 March 2014.
Innovation Group boosting UK workforce by more than 10% with Caerphilly HQ
Innovation Group is to create a new divisional headquarters in Caerphilly, Wales, creating 77 jobs and investing £1.6m.
Pulp Fiction’s Harvey Keitel fronts Direct Line campaign
Hollywood star Harvey Keitel is leading a new advertising campaign for Direct Line, reprising his role from Quentin Tarantino’s Pulp Fiction.
China endorses Hong Kong voting rules for 2017
The National People's Congress in China has approved a framework for Hong Kong voting reforms for 2017 which could lead to street protests in Hong Kong.
Former LAS CEO Cooper exits Innovation Group
The former chief executive and founder of LAS has departed the business less than six months after it was acquired by Innovation Group, Post can reveal.
JLT to retain specialty focus as it eyes US expansion
The acquisition of Towers Watson Re was the catalyst for JLT’s US expansion plan, according to the broker’s chief executive Dominic Burke.
CGSC rolls out cost cutting plans following year of stunted growth
Cooper Gay Swett & Crawford is working on plans to streamline costs in a bid to address “profit reducing inefficiencies” related to 18 months of organic and acquisitive growth.
Marsh appoints former RSA construction head
Marsh has appointed Mike Spencer to the role of senior global construction specialist.
Charles Taylor CEO 'quietly confident' despite benign claims environment
Charles Taylor chief executive David Marock said the firm remained “quietly confident” for the full year despite shrinking adjusting revenue as a result of lower than average insured losses in the first half.
2.5m PPI complaints set for re-assessment
More than 2.5m complaints relating to payment protection cover will be re-assessed by banks, credit card providers and loan companies following a request from the Financial Conduct Authority.