News
CNA regions boss Somers joins AIG as head of sales in the north
AIG has named CNA Insurance head of UK regions Phil Somers as head of sales for the north.
Attracting next generation of industry leaders key CII priority in 2015
The insurance industry must stop “underselling” itself if it is going to turn the corner in attracting young talent to the sector, according to Chartered Insurance Institute president Ashwin Mistry.
Average motor policy saw £51 drop in 2014
The average cost of a new comprehensive UK motor insurance policy fell by £51 in 2014 to £594, despite late year price increases, according to the Towers Watson and Confused insurance price index.
IUA to issue IPT guidance as rates continue to rise across Europe
The International Underwriting Association is preparing to launch an online information service providing monthly updates on insurance premium tax following a rise in the levy across Europe last year.
Kennedys opens two Scottish offices
Law firm Kennedys has expanded its geographic footprint with the opening of two Scottish offices in Edinburgh and Glasgow.
Rural looks to Gallagher for COO hire
Rural Insurance has hired former Arthur J Gallagher operations director Peter Cooper as its chief operating officer.
MSIG confirms Hudson exit
Mitsui Sumitomo underwriting director Martin Hudson has resigned from the company.
Quindell appoints former Helphire chairman and Prudential CEO
Quindell has made two senior appointments to assist in the development of the outsourcing firm's accounting policies.
Indonesia insurers prepare for Air Asia payout
Two Indonesia insurers are preparing to pay out around $70m (£46.3m) as result of Air Asia flight QZ8501 crashing into the sea killing all 162 people on board.
LeapFrog eyes further investments after RSA Thailand deal
Leapfrog Investment has around $400m (£265m) to spend on investments as it seeks out further stakes in Asian insurers.
Partner Re obtains Singapore license
Reinsurer Partner Re has been granted a life and non-life license in Singapore by the Monetary Authority of Singapore.
Post Office creates 75 insurance jobs in Glasgow
Post Office Travel Insurance is to create 75 new jobs in Glasgow over the coming months with further jobs planned for later in the year.
Notable rate rises unlikely in 2015 despite hardening UK market
The soft UK insurance market has been tipped to harden in 2015, although there is still insufficient “pain” across the industry to spark material rate increases, according to sector commentators.
Environment agencies call for ‘immediate action’ with spate of flood warnings
The Environment Agency and the Scottish Environment Protection Agency have issued a dozen flood warnings across the UK as the country braces for further disruptive weather.
90% of 2013/14 winter flood and storm claimants satisfied with service
Nine out of ten customers that made a flood or storm claim last winter were satisfied with the way it was handled, according to a study by the General Insurance Market Research Association.
Legal services CEO quits Quindell
Quindell Legal Services CEO Phil Hodgkinson has left after almost two years with the troubled business.
Transactor launches MGA division
Software provider Transactor Global Solutions has established a division solely for managing general agents and underwriting agencies.
Ex-Gallagher colleagues launch e-trading MGA Modus
A new managing general agent set up by three former Arthur J Gallagher colleagues focused on e-trading has opened for business.
XL's £2.79bn Catlin takeover confirmed
XL Group's acquisition of Lloyd's heavyweight Catlin has been confirmed in a note to the London Stock Exchange valuing Catlin at £2.79bn.
Helios completes £1m Lloyd’s Nameco buy
Helios Underwriting has formally completed a deal to acquire a Lloyd’s limited liability vehicle, Nameco (No 311).
Towergate to shift Hexham roles to Newcastle after office closure
Towergate is to close its Hexham operation at the end of the month with the office's eight staff being offered roles at the company's Newcastle premises.
Insurers warned over SSL phoenix company as ex-staff hit out at former bosses
Former insurer clients of defunct loss adjusting firm SSL have been warned to avoid phoenix company Artemis amid criticism of the company directors’ business practices.
Howden acquires 49% stake in Malaysian bank's broking business
Hyperion broking subsidiary Howden has entered into a partnership with Malaysia-headquartered South East Asian bank CIMB Group.
Absolute hires ex-Axa COO Carruthers as non-exec chairman
Former Axa commercial lines and personal intermediary chief operating officer Max Carruthers has joined the board of private investigation firm Absolute Partnership as non-executive chairman.