News
Zurich appoints former RSA boss Robinson as chief underwriting officer
Former RSA commercial boss Hayley Robinson has joined Zurich as chief underwriting officer.
Biba signs deal to gain post-Brexit EU access
UK brokers will be granted an introduction to European brokers in order to continue to write business across the Channel, under a deal announced by the British Insurance Brokers’ Association.
Lloyd’s struck by £2bn loss from nat cats
Lloyd’s of London has been hit by a £2bn loss owing to an “exceptionally difficult year” of natural catastrophes.
Insurance leaders pledge to pass on personal injury reform savings
Insurance leaders have pledged to pass on all savings made through the Civil Liability Bill reforms to policyholders.
Claimant lawyers accuse government of ‘washing its hands’ of injured people
The government has been accused of taking a ‘sledgehammer approach’ to personal injury reform as it today introduces the Civil Liability Bill to parliament.
Tributes paid to former APPG insurance deputy chair Baroness Turner
A former chair of the All Party Parliamentary Group for Insurance and Financial Services has paid tribute to one of its longest serving members who sadly passed away last month.
Government to unveil discount rate reform
The government will today introduce reforms to the way the discount rate is set, although it is not known whether a new rate will also come as part of the legislation.
Broker Network makes fifth ‘powerhouse’ acquisition
Broker Network has bought a West Sussex commercial broker with turnover of £2.9m.
XL Catlin adds Brexit continuity clause to policies
Policies issued by XL Catlin’s London operations will include contract continuity clause to offset any fallout from the UK’s exit from the European Union.
Ombudsman launches review following undercover investigation
Thousands of complaints against insurers may need to be re-examined after a TV investigation found staff at the Financial Ombudsman Service were woefully undertrained.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Markel International to cease writing London open market property
Markel International has ceased writing London open market property business, making three redundancies.
Aston Lark buys masonic broker Ingram Hawkins & Nock
Aston Lark has bought specialist broker Ingram Hawkins & Nock in a deal that will add £10m of premium to the group.
Aviva hires LV and Zurich bosses in commercial growth plan
Exclusive: David Carey and Mark Campbell have left Zurich and LV respectively to join Aviva, as the company bolsters its commercial business.
MCE to pull out of Ireland following ‘incredibly disappointing’ loss of passporting
MCE Insurance will cease writing business in the Republic of Ireland from next year as a result of a loss of passporting from Brexit.
Axa denies U-turn after customer has excess refunded from Liverpool car park fire
Exclusive: Axa has denied it has made a U-turn after a customer had their excess refunded from the Liverpool car park fire.
UK General launches cyber personal lines product
UK General has launched a personal lines cyber insurance product to cover loss from cyber bullying, defamation and insured data held on smart devices.
Mark Collins replaces Robin Challand as CIO at Ageas
Mark Collins is to replace Robin Challand as chief information officer at Ageas following Challand’s appointment as claims director at the company in January of this year.
Canopius appoints Davison and Meyer to COO and CFO after buyout
Canopius has named Laurie Davison as group chief operating officer and Nigel Meyer as group chief financial officer.
Loss adjusting and insurtech gains fail to stem Charles Taylor profit decline at full year
Well-publicised gains in Charles Taylor’s loss adjusting and insurtech arms saw revenues jump 25% in 2017 but failed to push the insurance services provider to profit.
NMU to close Letchworth office in restructure
Munich Re service company NMU is closing its Letchworth office in a restructure of its Southern Region operations.
Motor premiums climbed by over 10% in 2017
Premiums for all types of motor insurance increased in Q4 2017.
Saffron acquires Hertford-based broker Continuum
Broker Network-owned Saffron Insurance has acquired Hertford business insurance broker Continuum.
Former Integro bosses to launch London market platform for Beach
Former Integro bosses John Sutton and Toby Humphreys have been appointed to lead a specialty and wholesale platform at broker Beach.