News
Generali accepts G-SII designation
Italian insurer Generali has acknowledged its designation as a global systemically important insurer by the Financial Stability Board.
Generali accepts G-SII designation
Italian insurer Generali has acknowledged its designation as a global systemically important insurer by the Financial Stability Board.
Brokers should review their processes following Swinton fine, says UKGI
UK General's compliance arm UKGI has called for brokers to review their process and internal policies in the light of Swinton’s £7.4m fine by the Financial Conduct Authority.
Generali, Prudential and Ping An among list of global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Aviva, Allianz and Axa named as global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Cunningham and Crawford roles cut following Aviva adjuster panel review
Aviva has reduced the roles of the UK’s two largest loss adjusters Cunningham Lindsey and Crawford on its commercial and specialist property adjuster panels - making room for more smaller firms - in response to broker feedback.
JLT Insurance Management strengthens board
Guernsey-based JLT Insurance Management has appointed Shaun Le Prevost to the board of the company with immediate effect.
Lloyd’s renews deal with FCA to avoid regulatory duplication
Lloyd’s of London has renewed an agreement originally signed with the Financial Services Authority in a bid to avoid duplicating regulation.
Lum appointed to Beazley Asia-Pacific role
Beazley has internally filled its political risks and trade credit underwriter role for Asia-Pacific, appointing Michael Lum.
Chinese insurers to trade in government bond futures
The Chinese Insurance Regulatory Commission has given approval to insurers to trade in government bond futures.
QBE Europe appoints Zurich’s Joe Gordon as COO
Joe Gordon has been appointed chief operations officer at QBE European Operations.
Zurich’s Joe Gordon new QBE Europe COO
QBE European Operations has appointed Joe Gordon as chief operations officer.
Bruce focusing on consultancy after short-lived RSA role
RSA has confirmed the departure of former distribution manager Cathie Bruce, four months after she left the firm on a “mutually agreed” basis.
ABI welcomes elderly care scheme
The Association of British Insurers has welcomed a scheme to cap the cost of care and support at £72 000 from 2016, with funding coming from the Treasury.
Beazley appoints Michael Lum to Asia Pacific role
Beazley has internally filled its political risks and trade credit underwriter role, appointing Michael Lum.
E-trading boss Thornton to leave NIG
NIG's director of e-trading is set to leave the Direct Line Group-owned business in October, Post can reveal.
Slough top fraud spot in UK – Keoghs
Slough has been identified by law firm Keoghs as the top UK spot of fraud activity based on claimant location.
BLM grows policy unit with former MOD claims chief
Berrymans Lace Mawer has expanded its policy development team with the appointment of new consultant Jef Mitchell.
Simply Business MBO to realise the ‘full potential’ of business
Simply Business chief executive Jason Stockwood has revealed the recent management buy out was prompted by a desire to clarify its shareholder structure.
Oval completes shift to Acturis system
Oval has completely shifted its business to the Acturis system in a move to bring the company’s users, accounting functions and e-traded products together on the same platform.
National speed limit database still some way off, claims OS
Ordnance Survey has distanced itself from suggestions the launch of a national speed limit database is imminent, but has vowed to work to “better understand” complex information held on speed limits.
LV to pay £7m PPO after newlywed hit by uninsured driver
LV will today be ordered to pay a £7m settlement to a bride who suffered brain damage when knocked off a motorbike by an uninsured driver.
Allianz launches extreme weather app
Allianz has launched a free smartphone app which provides severe weather alerts and risk advice for businesses and householders.
Sterling teams up with Purple Partnership
Sterling Insurance Group has joined independent broker network the Purple Partnership’s preferred partner list.