News
Snowball to leave Suncorp in October
Patrick Snowball is set to relinquish his role as CEO of Suncorp in October with Michael Cameron, CEO of property group GPT, replacing him.
Generali hires from Prudential for Asia GI and life role
Generali has appointed Jack Howell as regional officer for Asia after Sergio di Caro was promoted to global head of employee benefits.
Axa expands Singapore post office offering
Axa is to increase its insurance offering to 44 SingPost branches and will include general insurance.
Euler Hermes names new UK CEO
Trade credit insurance firm Euler Hermes has appointed Valerio Perinelli as the new CEO of its UK operation.
Markerstudy GWP to move north of £900m following Chaucer deal
Markerstudy has reached an agreement to acquire Chaucer’s UK motor business in a deal that will extend the insurer’s grow written premium to in excess of £900m and increase its headcount by 430.
Non-Solvency II insurers to avoid PRA regulatory burden
Smaller insurers will not be over-burdened with excessive regulation under the Prudential Regulation Authority's proposals for companies outside the scope of Solvency II, according to market observers.
XL Group launches Shariah-compliant equine policy
XL Group, together with Cobalt Underwriting, has launched the first Shariah-compliant product to be available through Lloyd's of London.
Shareholder concern sees Aviva revise remuneration awards
Aviva group CEO Mark Wilson and chief financial officer Tom Stoddard have decided to reject the long term incentive plan awards proposed for the year ended 2014 after concerns were raised by a shareholder voting agency.
Hiscox CFO Bridges to exit
Hiscox chief financial officer Stuart Bridges is to the leave the insurer after 16 years to join ICAP as group finance director.
Fraudster ordered to pay costs after phantom trip
A Wembley man has been found guilty of trying to defraud the London Borough of Brent after trying to claim damages for a fictitious injury.
Digital strategy key for Co-op after 'transition' year
The 2014 financial year was “a transition year” for The Co-operative’s general insurance business as it took action to improve its loss ratio, according to chief financial officer Kieran O’Keefe.
Next government urged to take long-term approach by industry
Industry figures have implored the next government to take a long term approach to issues affecting insurance and to resist the temptation to unpick reforms that are starting to have a positive impact.
Peter Cullum departs Towergate
Towergate founder Peter Cullum has left the firm, along with former CEO Andy Homer.
MIB to take action as decline in uninsured drivers slows
Insurers have conceded they are largely powerless to prevent an uptick in uninsured drivers after the Motor Insurers' Bureau reported the number of motorists without insurance had “plateaued out” after a decade of steep decline.
Moore Stephens and Chantrey Vellacot to merge
Consultancy Moore Stephens is to merge with mid-tier accountants Chantrey Vellacot, the firms have announced.
Insurance fraudster given suspended sentence
A Liverpool man who manipulated an insurer's website to get £10,000 worth of car insurance for £10 has been sentenced.
Quiz of the week - 10 April
Test your knowledge of this week's news with our just for fun quiz.
Brit syndicate bolsters position at Lloyd's as QBE slips down GWP list
The axing of unprofitable business by QBE has seen the insurer’s largest individual Lloyd’s syndicate plummet in terms of its top ten standing by gross written premium, as Brit moves up the rankings.
Pool Re CEO says cyber risk warrants public-private partnership
A public-private partnership in the area of cyber risk should be considered given the potentially systemic nature of the loss, according to Pool Re CEO Julian Enoizi.
Motor to be overtaken by home insurance growth at Hastings
Hastings CEO Gary Hoffman has targeted growth in the company's home insurance book after reporting "more than satisfactory" results for 2014.
Injury claim judged to be 'fundamentally dishonest'
A judge has found a woman's injury claim against her employer to be fundamentally dishonest.
Ignoring PCI-DSS rules could cost brokers 75% of new business
Research from call management specialists Callstream has shown that brokers failing to comply with Payment Card Industry-Data Security Standard regulations are seriously at risk of losing business as a result.
Pre-tax profit and GWP up in ‘strong' year for Hastings
Hastings has reported increases in net revenue, profit before tax and gross written premiums for 2014.
Charles Taylor announces result of rights issue
Professional services firm Charles Taylor has announced that it received valid acceptances in respect of 17,638,808 of the 19,722,762 new ordinary shares offered to qualifying shareholders in its three for seven rights issue, representing approximately…