News
Updated: Mass leadership reshuffle to follow Marsh/JLT acquisition
Global broker Marsh has unveiled a ream of senior people moves, effective once the JLT deal has completed.
Abbey Insurance owners acquire fellow Northern Ireland broker Autoline
Prestige Insurance Holdings, which owns Northern Irish personal lines broker Abbey Insurance, has reached an agreement to acquire Autoline Insurance.
CMA unveils raft of recommended reforms as insurance slammed over pricing practices
The Competition and Markets Authority has ‘uncovered a range of problems’ around the loyalty penalty and made several recommendations for change in its damning response to a super complaint on pricing practices, but some feel that insurers are catching…
RSA appoints Strickland as head of customer experience for Global Risk Solutions
RSA Group has named Neil Strickland as director of its new commercial customer experience following its restructure last month.
CBL shareholder in bid to save troubled firm from liquidation
CBL Corporation shareholder Oceanic Securities PTE has filed an opposition to the application to put the company in liquidation, leading to delays for the liquidation hearing.
Hiscox names former claims boss as UK CEO
Hiscox has named Bob Thaker as its UK CEO, succeeding Steve Langan.
Loss-making GRP spent £112.6m on acquisitions over its last financial year
Broking group GRP made a loss of £20m for the financial year ended 31 March 2018, in a year that saw it acquire fifteen businesses.
Mike Bruce promoted to GRP group managing director
GRP CEO of broking, Mike Bruce has been promoted to group managing director.
This week: God bless us, every one!
At a time of year when good cheer to all men is encouraged and Scrooge is forgiven all his wicked ways and most of the world has been out enjoying their Christmas parties (I know we have), it appears the insurance world is still seen as the Grinch.
Charles Taylor bolsters liability team by hiring senior sextet from Vericlaim
Charles Taylor Adjusting has bolstered its complex corporate liability function with the recruitment of six senior adjusters formerly with rival VRS Verclaim.
Marsh boss joins GRP-backed Marshall Wooldridge
Former Marsh regional boss Geoff Kirk has joined GRP-backed Marshall Wooldridge as managing director.
Finch and ICB owner on acquisition trail with sight set on €500m revenue by 2022
Adelaide, the owner of Finch and ICB Group, is looking to acquisitive growth as it aims to increase its revenue across Europe by 150% by 2022.
Gallagher Bassett acquires claims management firm
International risk services firm Gallagher Bassett has bought UK-based Property Claims Management Services.
Green light for UK-US insurance trade deal
Insurers have welcomed a deal that will preserve cross border insurance and reinsurance contracts between the UK and US.
Analysis: The mystery of the missing Insurance Fraud Taskforce report
Three years ago, the government established an Insurance Fraud Taskforce with much fanfare. However, in the last 18 months, the project has gone quiet. A report from the latter half of 2017 has yet to be published. Post looks at what the holdup is.
Travel insurtech Pluto begins beta test
Exclusive: Pluto, a travel insurtech that morphed out of the failure of chatbot Meet Mia, has started beta testing ahead of a full launch next year.
Majority of customers support a ban on dual pricing
Eight out of ten customers believe there should be a ban on insurers charging higher rates for renewals than for new customers.
O’Connor replaces Fairchild at the helm of Broker Network
Broker Network CEO Andy Fairchild has stepped down from the business, being replaced by Des O’Connor.
Stackhouse Poland makes fourth acquisition of the year
Stackhouse Poland has continued its acquisition drive by buying specialist real estate broker Property Insurance Initiatives.
Hyperion hires CFO to replace Oliver Corbett
Hyperion has hired Richard Houghton as chief financial officer, replacing Oliver Corbett.
Ed unveils CEO Hearn’s replacement and plots Bermuda office
Andrew Draycott will take on the role of Ed Broking CEO once its acquisition by Besso owner BGC Partners is complete, while the specialty, wholesale and reinsurance broker has also revealed plans to open a Bermuda office.
Home insurance insurtech Buzzvault launches
Insurtech Buzzvault, which claims to offer the ‘world’s first truly personalised home insurance policy’, launched today.
CBL Corporation expected to be placed in liquidation, sees further delays to watershed meeting
The New Zealand High Court has granted a further application by CBL Corporation administrator Kordamentha to push back a watershed administration meeting to February 2019, though it is expected the corporation will be placed into liquidation.
Trust Re ratings withdrawn due to financial statement delays
AM Best and S&P have withdrawn their financial strength ratings for Bahrain-based Trust Re, due to delays in the reinsurer publishing its financial statements for 2017.