News
Towergate appoints CFO Egan as interim CEO
Towergate has appointed chief financial officer Scott Egan as interim CEO, following news of David Ross’ departure.
Ferma secretary general Meyer credited for contribution to industry
The Federation of European Risk Management Associations' secretary general Edwin Meyer has died, the organisation announced on 9 February.
Catlin sees 2014 profits jump 13% to £320m
Catlin has reported a 13% increase in profit before tax to $488m (£320m) for the year ended 31 December 2014 (2013: $432m).
Cybercrime cost Singapore companies S$2bn in 2014
Cybercrime cost businesses in Singapore S$2bn (£980m) last year according to official figures.
XL's Vigar leaving Singapore for Japan
Andrew Vigar, country manager Singapore, XL is relocating to become the specialist insurer's country manager for Japan.
Ex-Gallagher boss Ross begins Towergate journey after Highbridge confirms swoop
David Ross, CEO at Arthur J Gallagher International, has resigned after 25 years at the broker to join Towergate's investment vehicle.
LMA claims committee elects new members
Tony Rai of Hiscox, Simon White of Apollo, Sharon Long of Catlin and Ashley Lawrence of Argo have been elected to the Lloyd’s Market Association Claims Committee for a two year term starting from 31 January 2015.
MA Group invites Guest to lead new property venture
Flood repair specialists the MA Group have hired Ian Guest from Allianz to head up a new property venture.
David Ross lined up for Towergate CEO role
Arthur J Gallagher International CEO David Ross is set to leave the company and take over at Towergate.
Improved social media engagement a 'key priority' for insurers
Insurance companies have conceded more needs to be done to embrace social media as a tool to engage with consumers after a survey ranked the industry among the worst performing sectors in terms of online presence.
The County Group reports growth and targets acquisitions
Broker The County Group has reported an 18% increase in organic growth for its financial year 2013/2014
Insurers vow to learn from CMA report blow to combat credit repair inflation
The Competition and Markets Authority’s decision not to address the rising cost of credit hire has led to a “free for all” in credit repair cost inflation, according to insurers, who have vowed to unite to tackle the issue.
Driverless cars could mean the end of third-party insurance
A Government report due this week is expected to say that third-party insurance could be eliminated as road trials of driverless cars in the UK are set to begin.
Bermuda ‘surprised and disappointed' by Miliband tax comments
The Government of Bermuda is "surprised and disappointed" that the island has been included in the list of referenced territories which lack openness in such areas as ultimate beneficial ownership of companies.
ABI welcomes Supreme Court rebuff of Welsh asbestos plans
The Association of British Insurers has welcomed a Supreme Court Judgement denying the Welsh Assembly the right to bill insurers for the treatment costs of patients with asbestos-related illnesses.
Aon creates SME division and strengthens affinity offering
Aon Risk Solutions has launched an SME division bringing together small-business focused areas enterprise and partners, in a bid to broaden its client proposition and create a centre of client excellence.
Reform needed to target industrial deafness claims, says Aviva
Aviva is calling for a significant shakeup into how industrial deafness claims are settled after reporting that 85% of such claims fail to demonstrate any link to workplace noise-induced hearing loss.
Ex-Ifed boss Wood to lead Hastings Direct fraud investigation team
Former Insurance Fraud Enforcement Department head DCI Dave Wood has been hired to lead a specialist investigation team within Hastings Direct’s counter fraud division.
Global CCO forum to be chaired by Allianz chief compliance officer
Allianz group’s chief compliance officer Dr Thomas Loesler, has been appointed chairman of the newly-founded Global Insurance Chief Compliance Officers Forum.
CFC launches new piracy cover with quote-and-buy portal
CFC Underwriting has launched a new marine piracy product, designed to streamline the quoting and buying process.
Six from Keighley charged over crash-for-cash fraud
Six people from Keighley are to appear in court this week after being charged over an alleged conspiracy to commit insurance fraud over a three-year period.
Video: Flood Re CEO Brendan McCafferty
Flood Re CEO Brendan McCafferty tells Post reporter Katie Marriner what attracted him to take on the role as well as what has been keeping him busy since taking the helm of Flood Re in October 2014.
Northcourt launches £65.5m capacity nuclear liability facility
Lloyd's managing general agent Northcourt has launched a global nuclear liability insurance facility initially offering up to $100m (£65.5m) of capacity.
Principal to open Dublin office after Yorkshire Bank backing
Manchester broker Principal Insurance is to open a Dublin office in spring offering a range of motorcycle insurance products.