News
Markel acquires Abbey Protection
Markel Corporation has completed a deal to acquire legal expenses insurer Abbey Protection after being granted approval by courts.
SRA publishes names of 136 solicitors forced to close
The Solicitors Regulation Authority has named the 136 firms that failed to secure professional indemnity cover by the 1 October deadline and did not obtain cover during the extended policy period.
Ex-Aviva partnerships boss Middle to start at Ageas next week
Former Aviva strategic partnerships director Ant Middle will begin his new role as Ageas retail and distribution partnerships director next week.
Cunningham Lindsey appointed on Yorkshire plant fire
Firefighters in North Yorkshire are tackling a blaze at a recycling plant near Sherburn in Elmet.
Open GI poaches QBE’s Alexander for sales role
Technology provider Open GI has appointed Kelli Alexander as its new business sales consultant.
LV's Venus promoted to head of broker services
LV Broker has made two new appointments to supports its planned growth in 2014.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
Cunningham Lindsey hails training after 55% increase in CILA passes
Seventy-three members of Cunningham Lindsey’s claims handling staff gained their CILA qualifications in 2013, over 55% more than the previous year.
Aviva teams up with Astra to sell life products
Astra International, a large publicly listed Indonesian conglomerate and Aviva, has signed an agreement to form Astra Aviva Life, a 50-50 joint venture to sell and distribute life insurance products in Indonesia.
Hong Kong 'could become reinsurance centre'
Speaking at this week's Asian Financial Forum, China Investment Corporation (Hong Kong) chairman Laurence Lau Juen-yee said Hong Kong could develop into a reinsurance hub by utilising the large capital pool of the mainland.
Floods and landslides hit the Philippines and Indonesia
Over 30 people have died and tens of thousands of people have been displaced in the Philippines and Indonesia following torrential rain causing floods and landslides.
JLT eyes more acquistions in Hong Kong
Following the broker's acquisition of Lambert Brothers, JLT's acquisitive nature could lead to more acquisitions in the SAR according to its Hong Kong managing director.
UK car insurance premiums fall by 12.5%
Rate reductions in the fourth quarter contributed to average annual savings on a comprehensive motor policy of £92 but selective price increases are beginning to appear, the most recent Confused index has shown.
GB chairman eyes long-term gains following product expansion
GB Underwriting has penned a new underwriting arrangement with WR Berkley Europe to provide a comprehensive range of products to meet the needs of its construction-focussed customer base.
Cunningham Lindsey opens Chiang Mai office
Loss adjuster Cunningham Lindsey has opened its fourth office in Thailand situated in Chiang Mai.
AIG names banking boss who quit over "hostile environment" as non-exec
AIG Europe has boosted its board with a trio of appointments, including a former Banque AIG boss whose resignation in 2009 almost triggered crisis at the insurer.
Elite launches in-house anti- fraud team
Elite Insurance has launched a new in-house fraud prevention department in a bit to combat rising insurance premiums for honest policyholders.
Cooper Gay launches Australian wholesale division
Cooper Gay (Australia) has launched a new wholesale division for the Australian insurance market.
ABI to launch motor premium tracker this month
The Association of British Insurers is to launch a motor premium tracker at the end of the month which will publish quarterly findings.
NFU Mutual recruits former Scottish Life boss as non-exec
NFU Mutual has appointed former Scottish Life group chief executive Brian Duffin to serve on its board of directors, Post can reveal.
Car dealers took €16.3m from insurance services in 2012
Europe's car dealers sold policies worth an estimated €16.3bn in 2012 across six major insurance, warranty and assistance types plus niche insurance products available in some countries, according to research by Finaccord.
Public sector growth plans boosted by Gallagher Heath sales hire
Gallagher Heath has appointed Anthony Needham to the newly created role of sales director in its public sector and education practice.
Companies urged to take strategic approach to cyber risk
Cyber-attacks and government surveillance are eroding trust in the internet as a place for communication and commerce, according to Zurich’s chief risk officer Axel Lehmann.
Ex-FSA boss Sants selected to lead credit union task force
Former Financial Services Authority chief executive Sir Hector Sants has accepted an invitation from the Archbishop of Canterbury to chair a task group to help support the growth of credit unions.