News
Ryan Direct Group snaps up Assurant Intermediary
Doncaster-based Ryan Direct Group is acquiring the entire share capital of Assurant Intermediary along with its 55 000 policies and £20m of gross written premiums for its home and protection books.
Protests cost Hong Kong retailers at least £161m says ANZ
Hong Kong's pro-democracy protests cost the city's retailers at least £161m (HK$2bn) according to figures from bank ANZ.
Deadly typhoon causes heavy disruption in Japan
Two US airmen are missing and one is dead after heavy surf from Typhoon Phanfone pulled them out to sea on the island of Okinawa.
ABI refuses to 'take lectures' from CHOs on credit hire portal
The Association of British Insurers has lashed out at the Credit Hire Organisation following its plea for insurers to back an electronic portal.
Post Office hires Aston Scott's Adams for sales support role
Aston Scott business development boss Sarah Adams has joined the Post Office to take on the role of channel support and delivery manager.
LV adds quads, trikes and buggies cover to Open GI
LV Broker’s highway quads, trikes and buggies product is now available on Open GI.
ABI 'frustrated' after high court judgment delays Meso reform
The Association of British Insurers has criticised a high court ruling which found government plans to deduct legal fees from the damages paid to mesothelioma suffers were unlawful.
Escott hands former Davies boss Crawford COO role
Former Davies chief executive Charles Crawford has taken on a new role as group chief operating officer of CPP Group.
AA director Simon Douglas resigns
AA Insurance director Simon Douglas has resigned from his post to explore other career options, the broker has confirmed.
McGurk to head MSIG Glasgow branch
Mitsui Sumitomo Insurance Group at Lloyd's has appointed Magnus McGurk as manager of its Glasgow branch.
Jelf targets £1m Scottish income as it opens shop in Glasgow
Jelf has recruited two former Marsh executives to lead a new office in Glasgow, which gives the Bristol-based intermediary its first base in Scotland.
Saga selects Arc Legal for landlord legal expenses cover
Saga has chosen Arc Legal Assistance to provide a landlord legal expenses policy within its landlord home insurance product.
Generali announces double resignation
Italian insurer Generali has announced two resignations of top executives including group chief insurance officer Sergio Balbinot.
Insurance Fraud Awards 2014: The winners
Ageas was acclaimed as having the fraud investigation team of the year at last night's Insurance Fraud Awards.
CHO calls for motor execs to back launch of GTA portal
Senior motor insurance executives have been sounded out by the Credit Hire Organisation on plans to push ahead with the launch of an electronic portal to complement the existing general terms of agreement protocol.
AGCS names Hirs as CEO as Booth retires
Allianz Global Corporate and Specialty is to promote chief financial officer Chris Fischer Hirs to chief executive as the insurer restructures following the retirement of Clement Booth.
Cooper Gay recruits from Willis for Hong Kong managing director
Cooper Gay Asia has appointed Karen Lieu managing director of its Hong Kong business to bolster its SME offering.
Less than a third of customers trust insurance providers, finds PWC research
Less than a third of customers trust insurance providers, according to research from PWC, leading to the sector being ranked lower than retail banks and financial advisers.
Suspension of Xchanging merger could trigger commercial costs
The suspension of Xchanging’s merger with Agencyport could be costly for the firm, according to John Milligan, partner in EU and competition law at Clyde & Co.
Scale not an issue for Aon as UK boss Christian targets acquisitions
Aon has the investment and inclination to make a substantial UK acquisition, providing the culture of target businesses aligns with the broking giant’s own operational philosophy.
Women's network 'too strident' for some members of Worshipful Company of Insurers
The Independent Women in Insurance Network has been criticised as being “too strident” by some members of the insurance industry, according to steering committee chair Barbara Merry.
Aviva claims boss Scott follows Clayden to QBE
QBE has recruited Aviva’s Paul Scott as its head of motor and liability claims, to work with the Norwich insurer’s former GI claims director Dominic Clayden.
Banks hikes Ukip funding to £1m after ‘nobody’ jibe
Brightside and Go Skippy founder Arron Banks has pledged to increase his backing for the UK Independence Party ten-fold, citing Conservative MP William Hague calling him a “nobody”.
Insurers struggling to grasp flood exposures says S&P
Home insurers may be at risk of understating their flooding exposures due to a combination of poor data and a lack of models, according to Standard & Poor's.