News
Palatine completes £14m MBO of Towergate Financial Planning and John Charcol
Palatine Private Equity has completed the management buy-out of Towergate Financial Planning and mortgage broking business John Charcol.
Rate hikes touted as product recall review points to increased insurer exposure
A review into the way companies handle product recall could trigger premium inflation and compound administrative burden as insurers' exposure to recall costs increases significantly, legal experts have warned.
Spanish MGA launches with Partner Re support
Spanish managing general agent Iberian Insurance Group has launched as part of a five-year commercial agreement with Partner Re Wholesale.
Laspo benefits questioned as industry rallies behind Aviva whiplash proposals
Insurers have backed Aviva's proposals to reduce the volume and cost of whiplash claims against a backdrop of criticism around the effectiveness of the government's civil justice reforms and aggressive tactics by third parties.
Swinton provides travel cover with no upper age limit
Swinton has launched a travel insurance product with no upper age limit on single trips and additional cover for cruises included as standard.
New underwriting agency launched for waste management sector
A new underwriting facility backed by Lloyd's capacity has been launched to deliver a range of products targeted at the UK, Ireland and Germany.
RSA looking to offload Latin American arm - report
RSA has instructed Goldman Sachs to sell its Latin American business, according to a report.
Aviva's Wilson sees 2014 bonus rise 15%
Aviva group CEO Mark Wilson was awarded a £1.27m bonus for 2014; a 15% increase on his 2013 bonus.
Brokerbility next to pilot Axa claims tool
A web-based claims tracking tool for brokers is entering its second pilot phase with members of the Brokerbility network with a wide release planned for the second quarter of this year.
Berkshire recruits from Zurich in Singapore
Berkshire Hathaway Specialty Insurance has appointed Min Ong regional head of energy for Asia.
Singapore's Stamford Law partners with Morgan Lewis
US law firm Morgan Lewis & Bockius is combining, but not merging, with Stamford Law in Singapore.
Lloyd's opens licensed Beijing branch
Lloyd's has opened a branch in Beijing to capitalise on growth opportunities in China.
QBE leads Hong Kong underwriting profitability for 2014
QBE made a $41m (£27.6m) underwriting profit in Hong Kong last year according to provisional figures released by the Office of the Commissioner of Insurance.
Swinton appoints Rob Harding as chief financial officer
Swinton has appointed Rob Harding as its chief financial officer following the resignation of Chris Plumer, pending regulatory approval.
Insurers fear 'floodgates' will open if scope for psychiatric claims is widened
Insurers have expressed concern that Association of Personal Injury Lawyers proposals to broaden the scope of who is able to lodge a claim for psychiatric harm could “open the floodgates” to spurious claims.
Smith verdict due in May - report
An employment tribunal will reconvene in May to deliver its findings into Philip Smith's departure from RSA Ireland.
Insurers told to expedite sales call backs
Customers that have requested a call back from a contact centre about an insurance purchase will lose interest in the sale if they wait more than 24 hours for the call, research from Callstream has found.
Memorial service planned for centenary CII president Kellett
Former industry colleagues of the Chartered Insurance Institute’s centenary president Bryan Kellett have been invited to attend a City memorial service following his passing in January.
DLG director Jones to step down at AGM
Direct Line Group senior independent director Glyn Jones will not be submitting himself for re-election as a director at the company's 2015 annual general meeting.
Zurich unveils cyber policy
Zurich has launched its new cyber protection policy in the face of international demand for such a product.
Staff on shared paternal leave from Aon to receive enhanced pay
Aon has introduced enhanced pay for shared parental leave for all its employees ensuring that parents can receive enhanced pay in a similar way to enhanced maternity pay.
Flood campaign urges defence spending boost in Budget
The Association of British Insurers' Flood Free Homes campaign is urging government to increase spending on flood defences and maintenance ahead of the Budget announcement on 18 March.
Apollo-backed bid for Chaucer motor book stalls as Markerstudy revs up interest
Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled, Post understands.
Helvetia celebrates ‘very good' performance for 2014
Helvetia Group has reported an increase in underlying earnings after tax and a lower combined ratio for 2014.