News
Marshall Wooldridge acquires Sheffield-based ECS Brokers
Broker Marshall Wooldridge has acquired ECS Insurance Brokers a year on from itself being acquired by Global Risk Partners.
Mike Reeves joins Vericlaim's international business development board
Mike Reeves, has joined the international business development team of Vericlaim’s parent company, Sedgwick, after spending 40 years at Crawfords.
Zurich appoints Alison Martin as group chief risk officer
Zurich has appointed Alison Martin as group chief risk officer, effective January 2018.
Lloyd's premiums predicted to decline
Premium growth at Lloyd's is likely to slow as competition intensifies and economic growth remains tepid, according to Moody's Investors Service.
Consortium acquires Canopius from Sompo for $952m
Canopius has been acquired by a private equity consortium led by Centerbridge Partners and including the private investment firm Gallatin Point Capital for $952m (£736.5m).
JLT acquires Belgian broker Belgibo
JLT has acquired Belgian specialty broker Belgibo from Exmar Group to further secure a post-Brexit presence on the continent.
Ardonagh Group acquires Healthy Pets
The Ardonagh Group, the Towergate holding company, has acquired Petersfield-based Healthy Pets.
Quiz of the week: Old school insurance
Can you recognise these insurance industry figures in those old school pictures?
Obituary: Robert 'Bob' Newhouse
Former vice chairman of Marsh & McLennan Robert “Bob” Newhouse Jr. has passed away following a brief illness.
Neon looks to Hiscox for new property underwriter
Former Hiscox underwriter Ben Murphy has joined Neon’s property Insurance team in London.
Marsh appoints David Nayler as leader of UK Financial Institutions Industry Practice
Marsh has appointed David Nayler as leader of its UK Financial Institutions Industry Practice.
Ascot launches P&C MGA Vertical
Ascot Group has launched Vertical Underwriting Managers, a specialty managing general agent cell under Ethos Specialty Insurance Services.
CMC has license revoked by Claims Management Regulator
A holiday-sickness firm has had its license revoked by the Claims Management Regulator after it had encouraged holiday goers to fabricate gastric illness claims.
Lloyd's syndicates file counterclaim against Kanye West
Multiple Lloyd’s syndicates have filed a counterclaim against singer Kanye West.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
Allianz acquires Nigerian insurer Ensure
Allianz has acquired a 98% stake in Nigerian insurer Ensure Insurance, subject to regulatory approvals.
Market veteran Ian Burford joins Fidelis as specialised risks chairman
Ian Burford is joining Fidelis’ London underwriting team as chairman of specialised risks.
Vienna Insurance Group completes merger with Wiener Städtische Osiguranje
Vienna Insurance Group has completed its merger with Wiener Städtische Osiguranje and the two Axa companies it acquired last year.
Donegan steps down as Price Forbes CEO as Masterton steps up
Michael Donegan has stepped down as CEO of Price Forbes to become a strategic advisor of The Ardonagh Group.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Calling all brokers, there is still time to shape the 2017 Underwriting Service Awards
Brokers, there is still time left to shape the runners and riders for this year’s Underwriting Service Awards.
NFU Mutual ranks lowest for digital services in home and motor lines
Just 4% of leading insurers are providing digital services in their claims process within home and motor lines of business.
Brightside office relocation puts 90 jobs at risk
Brightside has revealed proposals to relocate its medical reporting business IQED from its present site in Cardiff to the group’s headquarters in Aust.
Jabsheh moves to London to take on role as IGI UK executive director
International General Insurance Holdings has appointed Waleed Jabsheh as executive director of its UK board.