News
Janice Deakin joins Arthur J Gallagher
Arthur J Gallagher International has appointed Janice Deakin to the new role of UK commercial director.
APC sets up London market team
Underwriting agency APC has launched a London market broking team to place risks that cannot be facilitated under its regular binding authorities with regional brokers.
PWC names Bichard London market leader
PWC has followed January’s appointment of Jonathan Howe as UK insurance leader by naming a new London market boss.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Law firms urged to go global to secure place on London market insurer panels
Law firms must improve their international focus if they are to earn a position on London market insurers’ panels, as claims bosses plan reviews of their legal partners.
Facebook backer provides Hyperion ‘vital stepping stone’ towards IPO
An initial public offering is firmly back on the agenda at Hyperion after it struck a deal that sees public company investment specialist General Atlantic take a 30% stake in the international intermediary.
Market Moves: Bollington and Miller help keep brokers at the top of the recruitment table
It was a quiet week for insurers as the broking sector once again dominated the recruitment landscape. There were notable hires not just at Bollington, but also at Miller where a pair of placement specialists joined the expanding team. The Lloyd’s market…
XL restructures Asia Pacific operations after review
XL Group plans to restructure its Asia Pacific unit, integrating operations in Australia, Singapore, Labuan, Hong Kong and China.
Axa to buy HSBC Singapore's life and medical insurance business
HSBC Insurance (Singapore) Pte, a wholly-owned subsidiary of HSBC Holdings, has agreed to sell its group term life insurance and group medical insurance portfolios in Singapore to Axa Life Insurance Singapore.
GAB CEO Rigby hails "opportunities" after deal to rid adjuster of pension liabilities
Talks between GAB Robins, its benefit pension scheme trustees and The Pension Regulator have led to the elimination of the firm’s sponsorship of and liabilities for the closed scheme, in exchange for an “affordable consideration” plus a minority…
Crawford hires Singapore MD from Russian insurer
Claims management firm Crawford & Company has appointed Andrew Tait as managing director of its Singapore office.
Ageas and New Law Solicitors launch non-fault personal injury partnership
Ageas has teamed up with personal injury law firm New Law Solicitors to provide legal services for customers making non-fault personal injury claims.
Bluefin names ex-Towergate boss Philip as Organ successor
Bluefin has appointed Tim Philip as interim chief financial officer, reporting directly to chief executive Stuart Reid.
Davies names Towergate M&A boss as chief exec
Davies Group has recruited Towergate’s group mergers & acquisitions director Dan Saulter to serve as its new chief executive, Post can reveal.
VIG posts record profit for second year running
Vienna Insurance Group posted a 5.1% increase in profit before taxes to €587.4m in 2012, the highest profit in the company's history.
Brightside duo join Gallagher with view to doubling revenue
Two former Brightside directors have joined Gallagher Heath Insurance Services with a view to expanding its UK schemes and affinities business.
Tevez trial prompts MIB outcry on uninsured drivers
Carlos Tevez' trial for driving while disqualified and without insurance has prompted the Motor Insurers' Bureau chief executive to call on footballers to set a better example to young drivers.
Higos to more than double branch its network by 2018
Higos Insurance Services plans to more than double in size over the next five years.
Barbican joins Home & Legacy panel
Barbican is set to join the household insurance panel of high net worth specialist Home & Legacy.
RSA boss wins pay boost despite dividend drop
RSA group chief executive Simon Lee has seen his total remuneration increase over the course of 2012 in spite of the insurer’s final dividend falling by almost 2p this year.
Parabis opens Edinburgh office after attracting team from rival firm
Parabis has opened its second office in Scotland in less than six months after attracting an Edinburgh-based team from Brodies.
York International hands MD role to ex-Axis boss Jacob
York International has appointed Alistair Jacob as managing director, where he will be responsible for the strategic business development across all territories outside of North America.
Ace UK & Ireland swoops for Chubb casualty manager
Mark Roberts has been appointed casualty manager for Ace UK & Ireland as it invests in building its liability insurance capabilities across the region.