News
Broking giants tipped for M&A moves as sector looks to follow Gallagher’s lead
Observers say economic recovery is behind several firms adopting new strategies
Industry warns over negative impact of independent Scotland
EU membership and regulation among major concerns
Lloyd’s set to benefit from increased investment as eastern markets mature
Analysts say eastern interest is ‘clearly a trend’ after completion of several deals
County Insurance buys Clement Gallagher & Co
County Insurance has purchased the goodwill of Merseyside-based broker Clement Gallagher & Co.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
APC plotting underwriting return for Towergate owned-Folgate
Commercial managing general agent APC has acquired Folgate Insurance from Towergate, where the firm was in run-off, with an eye to returning the firm to active underwriting.
Cost of insurance sees cut backs on cover, finds research
More than a quarter of people have cut back on their insurance cover in the past 12 months because they could not afford it, according to research from Close Brothers Premium Finance.
Quindell shares boosted by RAC JV exit
Quindell’s share price has responded positively to news that RAC has exited a joint-venture on telematics.
BLM announces flagship London office plans
Insurance law firm BLM has unveiled plans to relocate staff in its London operation to a single EC3 office in Q1 next year.
UK casualty claims boss Donna Willis exits QBE
QBE Europe’s head of UK casualty claims Donna Willis has left the insurer after three and a half years in the role.
Keelan Westall MD Tonge resigns
Keelan Westall managing director Wayne Tonge has resigned from his post, Arthur J Gallagher has confirmed.
Ombudsman sees non-PPI complaints rise 3% in H1
The Financial Ombudsman Service has reported a 3% increase in complaints about financial products other than PPI from the second half of 2013, including a 1% increase in insurance cases.
Quindell buys out RAC in telematics JV
Quindell is to acquire all of RAC's shares in the companies' telematics joint venture after the businesses concluded it was not a good use of capital to finance a free roll-out to customers.
Research centre warns on Australia summer bushfire risk
The Natural Hazards Cooperative Research Centre in Australia is warning of a greater than normal chance of bushfires across much of Australia for summer 2014-15.
Suspected Japanese crime groups to be offered motor cover
General insurers in Japan will be allowed to sell motor cover to suspected crime syndicates from next month according to a report from the Japan Times.
Hancock starts AIG CEO role
As of yesterday, Peter Hancock assumed the role of president and CEO of AIG, and has joined AIG’s board of directors.
CIB partners with Aviva on affinity product
The Collinson Group's broking division CIB has partnered with Aviva to offer affinity home insurance to corporate partners.
Fracking touted as 'attractive source of business' for insurers
Fracking could be an attractive source of new business for insurers if rules and guidelines are closely adhered to, according to DAC Beachcroft.
Software re-launch sees Validus tackle £6m of motor fraud in 18 months
Updates to Validus fraud tools have seen the firm investigate nearly 700 claims over 18 months, worth a total of £6m.
Airmic in partnership to tackle reputational risk
Airmic is to work with the Reputation Institute to tackle reputational risk.
Ageas joins Carrot’s motor underwriting panel
Ageas has joined the motor underwriting panel for broker Carrot Insurance’s telematics product.
Biba appoints consumer advocate as NED
The British Insurance Brokers' Association has appointed personal finance consumer advocate Teresa Fritz as an independent non-executive director on its main board.
McManus eyeing Q1 2015 for start-up return
Former Giles chief executive Brendan McManus is plotting a return to the insurance industry in early 2015 leading a new start-up project, Post understands.
Xchanging promotes Lamb to broking director
Xchanging has appointed Nick Lamb as broking director and Xchanging Broking Services managing director.