News
QBE Europe chairman steps down after joining main board
QBE’s chairman of European operations Brian Pomeroy has stepped down after eight years in the role.
IFR retains insurer support despite membership delays
Insurers have reiterated their support for the Insurance Fraud Register despite onerous data standards meaning that half of the UK’s largest motor players are yet to become members.
Flood Re live date delayed to Q4 2015
The organisation in charge of implementing Flood Re is now progressing towards the scheme launching in Q4 2015 rather than next summer as planned.
Zurich UK GI CEO Smith replaced by group controller Sharma
Zurich has announced that Switzerland-based group controller Vibhu Sharma will replace Dave Smith as UK general insurance chief executive from April next year.
Welsh government help fund expansion of broker Penn Insure
Penn Insure has become the latest insurance company to benefit from financial backing by the Welsh government after the Pontypool-based firm unveiled plans to move to larger premises and create 17 new jobs.
RSA CRO Weymouth replaced by McDonnell ahead of retirement
RSA has promoted group risk director William McDonnell to the role of group chief risk officer ahead of incumbent CRO David Weymouth’s retirement in May next year.
28% of consumers cutting back on insurance because of cost
Almost a third of Britons have cut back on their insurance purchasing because they could not afford it, according to figures from Close Brothers Premium Finance.
Ironshore boosts Japan Lloyd's M&A team
P&C insurer Ironshore has appointed former lawyer Steven Harwood as Ironshore's Lloyd's syndicate Pembroke's dedicated underwriter in Tokyo.
Hilton sells iconic New York hotel to Chinese insurer for £1.2bn
Beijing-based insurer Anbang Insurance Group has purchased the Waldorf Astoria for £1.2bn ($1.95bn) from Hilton Worldwide owned by the Blackstone Group.
Lockton recruits from JLT for Greater China CEO role
Alex Yip, former chairman and general manager of China at JLT, has joined Lockton to become CEO of Greater China.
Insurers urged to gather evidence on the impact of Laspo on Meso claims
Insurers have been advised to gather evidence on the effect of introducing the Laspo reforms to mesothelioma claims, despite last week’s ruling that attempts to abolish recoverability of success fees and insurance premiums were unlawful.
Canopius acquires ANV team to run consumer products business
Canopius Group has launched a consumer products business for the UK affinity market.
Former AIG CEO Sullivan named Cooper Gay chairman
Martin Sullivan has been named as the new non-executive chairman of Cooper Gay Swett & Crawford, effectively immediately.
Willis appoints Best to Guernsey role
Willis Group Holdings has appointed Martin Best as the managing director of Willis Management in Guernsey.
Kiln hires intellectual property underwriter
Kiln has appointed Ian Lewis as enterprise risk underwriter specialising in intellectual property.
Lloyd’s quartet partner with US homeland security chief to launch cyber insurer
Four Lloyd’s insurers will reportedly partner with the US’s first ever homeland security chief to set up a venture specialising in corporate cyber security policies.
FCA contacted after Das audit leads to double staff suspension
Das has informed the Financial Conduct Authority after a routine internal audit within the firm’s after the event division led to two employees being suspended.
UK General boosts East of England presence with schemes deal
Leeds-based managing general agent UK General has partnered with Cambridge broker 2gether Insurance on an excess protection ancillary schemes deal.
Axa swoops for Perkins Slade director Ramos
Axa has recruited Perkins Slade’s Bert Ramos to serve as sales manager, as the insurer continues to grow its Birmingham branch.
Charles Taylor recruits Hurst-Bannister for non-exec chair
Claims specialist Charles Taylor has named former Lloyd’s Market Association chairman and Lloyd’s council member Barnabas Hurst-Bannister as a non-executive director.
Property director Fice quits QBE
QBE’s property director Peter Fice has quit the Australian insurer after six years.
Innovation Group in property division re-brand
Innovation Group is to consolidate the identity of its UK property businesses under the new banner of Innovation Property UK.
Ryan Direct Group snaps up Assurant Intermediary
Doncaster-based Ryan Direct Group is acquiring the entire share capital of Assurant Intermediary along with its 55 000 policies and £20m of gross written premiums for its home and protection books.
Protests cost Hong Kong retailers at least £161m says ANZ
Hong Kong's pro-democracy protests cost the city's retailers at least £161m (HK$2bn) according to figures from bank ANZ.