News
Lloyds cuts 1250 jobs as it changes insurance sales strategy
Lloyds Banking Group has announced 1250 job losses alongside a change in the way it sells insurance products in its branches.
Court orders for £48,975 to be confiscated from Yorkshire ghost broker
The Insurance Fraud Enforcement Department has today had £48,975 confiscated from a ghost broker jailed in July for selling invalid car insurance to more than 100 motorists in the Bradford and Leeds areas of Yorkshire.
Legal Ombudsman to hear CMC complaints
The Legal Ombudsman is to offer consumers a free route of redress if they have a complaint about a regulated claims management company.
Environment Agency awards £300m flood risk contract
The Environment Agency has awarded a £300m flood risk management contract aimed at protecting £200bn of property to engineering company CH2M Hill.
AIG's Aubert appointed Willis UK CEO designate
Willis has appointed AIG EMEA chief operating officer Nicolas Aubert as CEO designate of its UK insurance business.
McLarens Aviation handling Virgin Galactic claims
McLarens Aviation has been appointed to handle claims emanating from the Virgin Galactic Space Ship Two crash, Post understands.
Insight and AGS to create national network of licensed investigators
Insurance anti-fraud specialists Insight and AGS Risk Solutions intend to employ up to 50 licensed investigators by the end of the second quarter of next year ahead of planned regulation of the sector.
Insurance Europe hopeful IMD II will not burden insurers
The final revised text of the second edition of the Insurance Mediation Directive should result in a solution that both benefits policyholders and is not unnecessarily burdensome for the insurance industry, according to Insurance Europe.
Creditors of liquidated broker EPLS owed more than £500,000
Blocked London insurance broker EPLS Risk Solutions is in more than £500,000 of debt to creditors, according to its liquidators.
Job cuts expected as Aviva prepares to close Belfast claims function
Aviva has confirmed it will close its Belfast claims function by the end of April next year in a move that is expected to result in around 30 redundancies.
Tokio Marine Kiln syndicates forecast to deliver profits for 2012 and 2013
Tokio Marine Kiln Syndicates 510 and 557 remain forecast to deliver profits for the 2012 and 2013 years of account, according to updated forecasts for the two years of account.
BMS hires Cooper Gay's Hitchings to head specialty reinsurance
BMS Group has launched a specialty reinsurance division with the appointment of Cooper Gay’s Andrew Hitchings as managing director.
Axa unveils big data tool for brokers targeting commercial business
Brokers are expected to be able to provide a more bespoke offering to clients following the launch of a big data tool by Axa that pools company information from public sources.
R&Q expects full year pre-tax result to be below expectations
Lower than anticipated investment income and a “disappointing” trading performance in the US have contributed to Randall & Quilter predicting its full year pre-tax result will be materially below market expectations.
Large losses below expectations at Catlin despite aviation disasters
Catlin has achieved third quarter gross written premium growth in line with its business strategy after chalking up a GWP rise of 11% to $4.89bn (£3.1bn) (Q3 2013: $4.42bn) for the period.
Markel expands trade credit team in Singapore
Markel has appointed Linda Naili as business development manager, trade credit for Asia-Pacific.
RSG hires Argo underwriter to lead London MGA
Chicago-based insurance services business Ryan Specialty Group has recruited Argo Re underwriter Mark Peeters to lead a new London-based managing general agent specializing in directors and officers liability cover.
Swinton unlikely to be last broker to face add-ons penalties
The sales practices that saw three former Swinton executives fined and banned remain widespread and the broker is unlikely to be the last to face sanctions, according to compliance specialists.
QBE Europe motor director Bains exits
QBE European Operations has confirmed the departure of retail motor and business performance director Talbir Bains.
Duplication inflating Claims Portal figures
The Claims Portal has warned that duplication is inflating the total number of claims registered with the claims portal, but cautioned it is unable to estimate the scale of the problem.
Fusion looks to Aviva for Glasgow-based underwriting hire
Fusion has appointed Richard Daubney as Scotland and Northern Ireland regional underwriting manager as it announces a move to larger premises in Glasgow.
Gallagher grows D&O offering with two products
Arthur J Gallagher has expanded its directors and officers insurance offering with two further products.
Hood Group looks to Axa for new sales boss
Hood Group has swooped for an Axa account manager to lead its sales operations in a newly created group-wide role.
Sawyer joins Barbican international property team
Barbican Insurance Group has appointed John Sawyer as an underwriter to lead property binders in its international property division.