News
Gallagher sues Scottish broker over client poaching
Arthur J Gallagher is suing a former member of staff and his new employer over allegations of client poaching.
Former RSA Ireland CFO fined and banned for misconduct
The former chief financial officer and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines following a Financial Reporting Council investigation.
Ex-Brightside boss to ‘breathe life’ into Towergate partnerships
Towergate has hired ex-Brightside distribution boss Colin Wallace to “breathe life” back into the business’ partnerships proposition.
Lloyds Banking Group's GI division takes hit from softening home market
Lloyds Banking Group’s general insurance division saw gross written premiums fall by 3% in 2016, to £1.1bn from £1.14bn in the previous year.
Suncorp buys 11% of New Zealand's Tower following Fairfax bid
Australian giant Suncorp has bought 11% of listed New Zealand general insurer Tower and is offering NZ$219m (£126m) for a full acquisition of the firm.
New Zealand's insurers paid out £1.5bn in Christchurch claims last year
New Zealand's insurers are still paying out huge sums for the devastating earthquakes in Christchurch in 2010 and 2011.
Steadfast's EBITA climbs 11% to A$66.7m
Australian broker group Steadfast saw another six months of strong growth in the first half of the 2017 financial year.
IAG's first half pre-tax profit dips 6.4%
Australian giant IAG saw pre-tax profit fall to A$571m (£351m) in the first half of the 2017 financial year compared with A$610m in H1 2016.
La Playa achieves Lloyd’s status
Boutique broker La Playa has been approved as a registered Lloyd’s broker.
DAC Beachcroft acquires two complex injury teams from Clyde & Co
DAC Beachcroft has acquired two complex injury teams comprising six partners and 21 legal professionals from Clyde & Co to join its Claims Solutions Group.
Axis appoints Brown to lead London PL and MGA growth
Axis has appointed Julian Brown to lead its London market professional lines managing general agency growth.
Tax and exchange rates set to push up home insurance costs
Tax and exchange rates will push up home insurance costs with the average premium rising by 1.8% to £124.
Brokers have seen no loss of business from Brexit vote
Brokers have not seen a drop in appetite for UK insurance products since the EU referendum vote last June.
Tesco Bank to exit life, GI unaffected
Tesco Bank is to withdraw from the life insurance market, but its general insurance offering will not be affected.
Fowle succeeds Slabbert as Chaucer CEO
Chaucer's Chief underwriting officer John Fowle has been promoted to CEO of Chaucer Syndicates, parent company Hanover has announced.
Quarter of insurance CEOs expect to make redundancies over the next 12 months, says PWC
A quarter of insurance CEOs expect their companies to make redundancies in the next 12 months, according to an extensive survey.
Hood Group opens Innovation Lab to attract start-ups
Hood Group has launched an Innovation Lab and created a number of new roles.
Johnson to lead FP Marine as broker joins RKH Specialty
Former CEO of JLT Thailand Mark Johnson is to become CEO of Hyperion-owned specialist marine broker FP Marine starting on 1 March.
Insurance Council of Australia to review Code of Practice
With two Senate general insurance inquiries underway and criticism around the selling of add-ons, the Insurance Council of Australia has launched a review of the General Insurance Code of Practice.
Traity launches chatbot to help people insure P2P transactions
Insurance start-up Traity has launched a new blockchain-based chatbot that could help people insure their online peer-to-peer transactions.
Bruce Carnegie-Brown confirmed as next chairman of Lloyd’s
Bruce Carnegie-Brown is to become the chairman of Lloyd’s of London.
Allianz open to making acquisitions following strong results
Allianz has said that it is open to mergers and acquisitions within the UK market following a return to profit in its full year results.
Willis Towers Watson eyes French aviation broker
Broker Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business.
Chubb appoints Matthews as Europe COO
Chubb has appointed Adrian Matthews as chief operating officer for Continental Europe.