News
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Tom de Swaan appointed Zurich chair
Zurich Insurance Group has appointed Tom de Swaan as its chairman after Josef Ackermann stepped down last month following the death of the group’s chief financial officer.
Swinton profits to remain flat until 2015: Bardet
Swinton chief executive Christrophe Bardet said the broker may not post improved figures until 2015 after a steep drop in profits and turnover for 2012.
Unscrupulous 'slam on' fraudster set for sentencing
A crash for cash fraudster who put lives at risk after deliberately pulling out in front of a bus is awaiting sentencing after claims investigators referred the case to the Metropolitan Police.
DAS reports lack of interest in 'rights for shares' scheme
Legal challenges relating to legislation that enables employees to sacrifice certain employment rights in return for company shares are expected to increase in the long-term, despite a limited take-up in the scheme so far.
Spain dispute designed to distract says Gibraltar
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from internal problems, according to Gibraltar finance minister Albert Isola.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
85 changes to funding Scottish civil litigation recommended
A review into the expenses and funding of civil litigation in Scotland has recommended 85 changes to the current system including solicitors being able to offer their clients "no win, no-fee" agreements.
Ecclesiastical reveals increasing trend in specialisms
Around 60% of brokers across the UK believe there is an increased trend towards specialising, Ecclesiastical’s Specialist Broker Barometer has revealed.
Spain tensions designed to distract says Gibraltar government
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from its own internal problems, according to Gibraltar finance minister Albert Isola.
BGL extends relationship with National Accident Helpline on PI claims
BGL and National Accident Helpline have reached an agreement, which will see Minster Law, part of BGL’s legal services business, and NAH work in closer harmony on personal injury claims.
Solicitors face premium hike following Berliner exit
Firms forced to shop around following Berliner’s exit from the solicitors' professional indemnity market could face significantly higher premiums for replacement cover, according to Marsh.
Axa reveals regional trading teams following broker feedback
Axa has unveiled its commercial lines and personal intermediary regional broking managers responsible for leading sales teams across the country.
Bluefin Network poaches pair of former Westinsure members
Bluefin Network has signed up two former Westinsure members from opposite ends of the country.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Crawford names Lafeyette to head GTS in USA
Adjusting giant Crawford has named Richard Lafayette as the new leader of its global technical services in the US.
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Redundancies predicted as Gallagher seeks synergies following Giles deal
Sources expect AJG to reduce number of regional offices to cut costs
Four on trial for involvement in ghost broking scam
Four men who were allegedly part of a motor insurance ghost broking scam are on trial in London for either laundering the proceeds or being directly involved in the scam.
Aon seeking buyer for Footman James
Aon-owned classic car and motorcycle broker Footman James is understood to be up for sale, according to sources close to the matter.
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Allianz’s Chris Hanks re-emerges as Liberty non-exec
Chris Hanks, previously commercial general manager at Allianz, is set to return to the insurance industry as a non-executive director at Liberty Mutual, sources have told Post.
Two men admit to laundering proceeds
Two men have pleaded guilty to laundering the proceeds of a nationwide motor insurance scam, which amassed over £5000 000.