News
R&Q appoints Aon's Matthews as MD for Gibraltar platform
Randall and Quilter has appointed Andrew Matthews as managing director of R&Q Insurance Management (Gibraltar) previously known as R&Q Caledonian.
Sirius launches Lloyd’s managing agency
Sirius International Insurance Corporation has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency effective 1st July.
Direct Group signs five year home affinity deal with Shop Direct
Ryan Speciality Group business Direct Group has penned a five year home insurance affinity deal with multi-brand digital retailer Shop Direct.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
Fusion expansion leaves 50 roles at risk
Towergate’s decision to expand its Fusion brand across its bespoke underwriting portfolio has left approximately 50 roles at risk of redundancy.
Southern Rock becomes latest insurer to join IFB
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
LV most recommended insurer by consumers
LV is the most recommended insurer in the UK, according to research conducted by You Gov.
Dwindling volumes contribute to lack of optimism in GI
General insurers have bucked the trend of growing optimism across the financial services industry, according to the latest CBI/PWC survey.
Moody’s downgrades Cunningham Lindsey over low claims volumes
Ratings agency Moody’s has downgraded Cunningham Lindsey in response to declining projected revenues based on lower global insured claims volumes.
Hastings Direct launches household cover
Hastings Direct has created a new household insurance product in collaboration with Axa, Sterling and Towergate Underwriting.
Helios agrees new reinsurance deals to free-up capital
Lloyd's-focused investment and underwriting outfit Helios Underwriting has secured several new collateralised reinsurance deals.
Brokers' knowledge of latent defects insurance growing
One third of commercial insurance brokers are concerned about income protection for tenants in a development in the event of a building defect arising, a BLP Insurance survey has found.
Croatia flood losses expected to top €200m
Floods which hit Croatia in mid-May have caused an estimated €224.5m (£160m) in economic losses, according to the local Hina news agency.
Allianz appoints Wilson global head of energy claims
Allianz Global Corporate & Specialty has appointed David Wilson as global head of energy claims based in London.
Besso opens Brazil office
Besso Insurance Group has received licenses to begin trading in its newly opened office in Rio de Janeiro, Brazil.
Competition leads reinsurers to drop terrorism exclusion clauses
Heightened competition for reinsurance renewal has resulted in reinsurers withdrawing the terrorism exclusion clauses that were introduced after the September 11 attacks.
Sportscover and Haverford end sale talks
Acquisition talks between Sportscover and financial services company Haverford have ended with both parties expressing disappointment no deal was agreed.
Rogue CMCs face thousands of pounds in fines
Rogue claims firms who bombard people with nuisance calls could face large fines under plans announced by Justice Minister Lord Faulks QC.
Industry and government to meet on sharing society insurance solution
Insurance industry representatives are to meet with government and asset-sharing companies next month to discuss insurance solutions for people who share their homes and vehicles.
Chase Templeton promotes two as acquisition drive continues
Chase Templeton finance director Jeff Tate has taken on the new role of mergers and acquisitions director.
SSL recruits former Crawford fraud boss
Northampton-based SSL Loss Adjusting has recruited a former head of fraud from Crawford to helm its own anti crime operations.
Partnerships predicted for home telematics offerings
Insurers are likely to enter into partnerships when considering home telematics solutions due to the cost of devices and the likely benefits from shared data, industry experts have claimed.
Oval finance boss Story heads for the exit
Oval’s group finance director Ian Story is to depart parent Arthur J Gallagher at the end of this month.
FCA boss Wheatley defers bonus over life investigation blunder
Financial Conduct Authority chief executive Martin Wheatley and eight senior colleagues have decided to defer their annual bonus following the regulator’s blunder in announcing a life insurance investigation that sent share prices tumbling.