News
Ethics breaches up 22% in CII figures
Latest figures from the Chartered Insurance Institute show a 22% spike in ethics breaches punished by its professional standards board.
Friendsurance looks to Hong Kong billionaire for backing
German peer-to-peer insurer Friendsurance has received funding from two new investors including a Hong Kong billionaire.
Motor MGA Hawkwell launches
Managing general agent Hawkwell Motor is targeting brokers across the UK and Northern Ireland after opening its doors for business.
Gallagher acquires in New Zealand
Arthur J. Gallagher has acquired commercial insurance broker Auckland-based Mike Henry Insurance Brokers.
Markel explores Asian contingency insurance opportunities
Lloyd's insurer Markel International is seeking opportunities to provide event cancellation insurance cover in Asia.
Malaysian GI sector grew 6.4% in 2013
The Malaysian general insurance sector grew gross written premiums 6.4% in 2013 to 16.2bn ringgit ($4.94bn) in 2013.
Guidewire secures Axa Tianping as first customer in China
Chinese motor insurer Axa Tianping (recently renamed) has selected Guidewire ClaimCenter as its new claims management system.
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
Starling running insurance consultancy business
Former Association of British Insurers general insurance director Nick Starling has set up an independent consulting business after leaving the organisation last year.
Ex-Astbury Wren CEO banned and fined for misuse of funds
The director of Astbury Wren has been found to have breached a fundamental regulatory principle and has been subsequently banned from undertaking any regulated activity and fined £70 000 by the Financial Conduct Authority.
Devine launches ‘tech savvy’ motor broker
Former Ageas retail commercial director Brendan Devine has formally launched his new motor broker Sure Thing, targeting a best in class online experience.
Allianz Insurance's retail business granted chartered status
Allianz Insurance’s retail business has been awarded chartered insurer status by the Chartered Insurance Institute.
AIG restructures EMEA management team
AIG has made several appointments as part of a restructure of its Europe, Middle East and Africa division.
L&G GI finance boss moves to Wesleyan
Legal and General's general insurance finance director John Nickson has departed for a new role at Wesleyan Assurance.
Charles Taylor CFO quits for PE role
Charles Taylor finance boss Tito Soso has resigned for a senior leadehip role in a “leading” private equity firm.
Berenberg restates hold rating on DLG despite motor warning
Berenberg Bank has restated its hold rating on Direct Line Group and raised its target price on the listed insurer from 230p to 254p despite seeing “only modest absolute valuation upside”.
Randall appointed senior vice president of Lockton
Lockton has appointed Mark Randall as senior vice president, who joins the MENA operation in the Dubai International Finance Centre.
Towergate recruits from G4S for IT director
Towergate has named a new IT director from G4S with responsibility for service across underwriting, finance, HR, legal, risk and compliance.
Bluefin recruits Thistle CUO to lead MGA
Bluefin has recruited Thistle’s chief underwriting officer to lead its new managing general agent.
FCA to relocate to Olympic Park in 2018
The Financial Conduct Authority is to relocate from its headquarters in Canary Wharf to a new business district at the former Olympic Park in Stratford.
Claimant solicitors accused of fuelling workplace stress claims
Other claims 'hotspots' said to include industrial deafness and EL/PL
Pro completes Tawa demerger as Niemczewski eyes global focus
Pro Insurance Solutions has confirmed the demerger of Tawa’s risk and investment divisions.
Swinton extends Quindell contract until March 2015
Outsourcing provider Quindell has agreed an extension of a material contract with high street broker Swinton.
China's property and casualty premiums grew 17% in 2013
According to ratings agency Moody's total Chinese property and casualty premiums increased 17.2% in 2013.