News
A$8.4m of losses from cyclone Ita
According to the Insurance Council of Australia, insurers have received 680 claims (by noon on 15 April) in the aftermath of cyclone Ita, with insurance losses estimated at A$8.4m.
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
RSA will not replace departing CMO Markey
RSA has no plans to recruit a new chief marketing officer when long-time incumbent Pete Markey departs on April 25.
Towergate claims boss Gifford resigns
Towergate’s long-serving claims director is to leave the broker at the end of the month after resigning, Post can reveal.
Consolidation expected as China relaxes M&A rules
KPMG is predicting an increase in sector consolidation following China’s decision to relax merger and acquisition rules for its insurance industry.
Hodges to build on 'fantastic track record' with future acquisitions
Towergate group chief executive Mark Hodges remains confident in his firm’s ability to acquire businesses in the wake of Arthur J Gallagher snapping up brokers Oval and Giles.
Unrated insurers tighten grip on solicitors' PI market, states report
Unrated carriers have consolidated their market share within the solicitors’ professional indemnity arena, according to an annual study by the Law Society.
Thompson appointed to Argenta Syndicate Management board
Argenta Syndicate Management has appointed David Thompson to its board with effect from 1 April 2014.
Towergate to axe 750 branch jobs
Towergate is to cut 750 roles across its branch network as part of a process to transfer business to a new Manchester call centre.
Biba appoints ES Risk for engineering scheme
The British Insurance Brokers’ Association has appointed ES Risks to provide its new engineering insurance and inspection scheme.
Capita hires former Staysure deputy to head specialist insurance businesses
Capita has appointed Andy Bord as managing director of its specialist insurance businesses which include National Dental Plan, Fish and Capita Specialist Insurance Solutions.
Ball exits Cunningham Lindsey for break from industry
Cunningham Lindsey building claims services director Geoff Ball has stood down from the company's board and is to leave the business with immediate effect.
New PI report seeks to dubunk myth of 'compensation culture'
Personal injury sufferers in the UK face losses of thousands of pounds, as well as financial and emotional hardship, according to a report commissioned by National Accident Helpline.
Bluefin hires former JLT business development manager
Bluefin has expanded its affinity development team with the appointment of Toni Dines as business development manager, effective 1 April.
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
Aviva sells stake in South Korean life business
Aviva has sold its 47% stake in South Korean business Woori Aviva Life Insurance to Nong Hyup Financial Group.
Judge dismisses £60k claim for nightclub accident
A judge has thrown out a £60 000 claim for an alleged nightclub dance floor accident citing lack of credible evidence.
Marsh France COO Cipiere to lead RSA's French business
RSA has appointed Marsh France chief operating officer Corinne Cipiere as its new managing director in France.
Zurich UK CRO Dodds exits the business
Zurich’s chief risk officer for UK general insurance Gerald Dodds has left the company after 10 years in the role.
Aon CEO defends merits of sidecar deal
Aon’s chief executive has defended the firm’s sidecar deal with Berkshire Hathaway in his first speech at Lloyd's since the broker moved its headquarters to London.
Bodyshops launch fairness campaign
The National Association of Bodyshops has begun a new campaign to rebuild relationships with insurers and claims management companies under the umbrella of "treating bodyshops fairly".
BGL follows Les Furet with Hoy Hoy for Dutch market
BGL Group has rebranded its price comparison business in the Netherlands as Hoy Hoy.
Brightside CEO puts ball in Markerstudy's court on potential sale
Brightside chief executive Paul Williams has refused to hang a 'for sale' sign over the broker as he plots to launch a managing general agent this summer.