News
ABI Motor 2011: Cheaper ‘work journeys only’ car insurance proposed
Speaking at the Association of British Insurers Motor Insurance Conference tomorrow, John Woodcock, MP, Labour's shadow transport minister will propose that unemployed young people should be offered the choice of cheaper "work journeys only" car…
Anglo Irish to challenge Quinn bankruptcy
The Irish Bank Resolution Corporation, formerly the Anglo Irish Bank, is set to challenge Sean Quinn’s insolvency proceedings in Northern Ireland, according to the Irish Independent.
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
PPI complaints climb to over 3000 a week
The Financial Ombudsman Service said that the rate of payment protection insurance claims has been “pretty unsettling”.
RSA's CFO quits to join Lloyds Banking Group
George Culmer, director and chief financial officer of RSA has resigned to take up the position of group finance director of Lloyds Banking Group.
Generali and its main subsidiaries placed on negative watch
Ratings service AM Best has placed the financial strength rating of “A+” (Superior) and issuer credit rating of “AA” of Assicurazioni Generali SpA and its main subsidiaries under review with negative implications.
RSA CFO quits for Lloyds Banking job
RSA’s director and chief financial officer George Culmer has resigned from his post to work as group finance director of Lloyds Banking.
Evolution promotes three
Commercial underwriting specialist Evolution Underwriting has promoted three of its senior staff.
Allianz makes leap into space travel
Allianz Global Assistance will accompany future space travellers before, during and after their space flight with bespoke space travel insurance.
Marsh first Manx chartered broker
Marsh has become the first Manx insurance broker to achieve chartered insurance broker status from the Chartered Insurance Institute.
Willis Group appoints CEO of Global Analytics
Willis Group Holdings has appointed Rowan Douglas as chief executive officer of Global Analytics.
Argo International appoints head of casualty treaty reinsurance
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has appointed Stuart Dale as head of casualty treaty reinsurance.
EU and FEMA agree on risk reduction and disaster response
The European Union and the US Federal Emergency Management Agency have signed an agreement to cooperate on disaster management and emergency response.
Travel insurer offers 15% discount to skiers wearing helmets
A travel insurance company is trying to entice winter sports participants to wear helmets, by offering a 15% policy discount to skiers and snowboarders who commit to using head protection.
Keoghs warns of Laspo bill’s “limited scope”
Keoghs has spoken out about the Legal Aid, Sentencing and Punishment of Offenders Bill as it goes through its second reading in the House of Lords.
Terry Moyes quits Oval to go it alone
Terry Moyes, managing director of Oval's corporate business, has resigned from the Oval Group to set-up a multi-niche general insurance broker focusing on commercial, aviation and high net worth.
Argent recruits and promotes internally
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.
Garwyn appoints ex-Marsh chief to CEO
Liability loss adjuster Garwyn, has appointed former Marsh boss Artur Niemczewski as CEO.
LMA readies Baker for standards role
The Lloyd’s Market Association’s has promoted senior underwriting executive, Ben Baker, to the role of professional standards manager following the announcement that Terry Hayday is to retire as head of professional services in June.
Darwin Clayton announces new MD
Tunbridge Wells-based schemes broker Darwin Clayton has appointed Simon Henderson as managing director.
Harrison to head Travelers’ risk control
Richard Harrison has switched from Chubb to lead the risk control function for Travelers in the UK and Ireland.
Money Supermarket launches car insurance app
Money Supermarket has launched a “front-end” motor insurance app for the Iphone.
Hotter, wetter and windier weather poses a threat to insurers
The Inter-governmental panel on climate change has identified rising temperatures, heavier rain and stronger winds as threats to insurers.
JLT Re recruits MD for Asia Pacific expansion
JLT Reinsurance Brokers has appointed Stuart Beatty as managing director, Asia Pacific, JLT Re Fac.