News
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
Starling running insurance consultancy business
Former Association of British Insurers general insurance director Nick Starling has set up an independent consulting business after leaving the organisation last year.
Ex-Astbury Wren CEO banned and fined for misuse of funds
The director of Astbury Wren has been found to have breached a fundamental regulatory principle and has been subsequently banned from undertaking any regulated activity and fined £70 000 by the Financial Conduct Authority.
Devine launches ‘tech savvy’ motor broker
Former Ageas retail commercial director Brendan Devine has formally launched his new motor broker Sure Thing, targeting a best in class online experience.
Allianz Insurance's retail business granted chartered status
Allianz Insurance’s retail business has been awarded chartered insurer status by the Chartered Insurance Institute.
AIG restructures EMEA management team
AIG has made several appointments as part of a restructure of its Europe, Middle East and Africa division.
L&G GI finance boss moves to Wesleyan
Legal and General's general insurance finance director John Nickson has departed for a new role at Wesleyan Assurance.
Charles Taylor CFO quits for PE role
Charles Taylor finance boss Tito Soso has resigned for a senior leadehip role in a “leading” private equity firm.
Berenberg restates hold rating on DLG despite motor warning
Berenberg Bank has restated its hold rating on Direct Line Group and raised its target price on the listed insurer from 230p to 254p despite seeing “only modest absolute valuation upside”.
Randall appointed senior vice president of Lockton
Lockton has appointed Mark Randall as senior vice president, who joins the MENA operation in the Dubai International Finance Centre.
Towergate recruits from G4S for IT director
Towergate has named a new IT director from G4S with responsibility for service across underwriting, finance, HR, legal, risk and compliance.
Bluefin recruits Thistle CUO to lead MGA
Bluefin has recruited Thistle’s chief underwriting officer to lead its new managing general agent.
FCA to relocate to Olympic Park in 2018
The Financial Conduct Authority is to relocate from its headquarters in Canary Wharf to a new business district at the former Olympic Park in Stratford.
Claimant solicitors accused of fuelling workplace stress claims
Other claims 'hotspots' said to include industrial deafness and EL/PL
Pro completes Tawa demerger as Niemczewski eyes global focus
Pro Insurance Solutions has confirmed the demerger of Tawa’s risk and investment divisions.
Swinton extends Quindell contract until March 2015
Outsourcing provider Quindell has agreed an extension of a material contract with high street broker Swinton.
China's property and casualty premiums grew 17% in 2013
According to ratings agency Moody's total Chinese property and casualty premiums increased 17.2% in 2013.
Reinsurance rates softened at April renewals, says Willis Re
According to reinsurance broker Willis Re, reinsurance rates softened across all lines at the 1 April renewals including reductions of up to 20%.
ICA asks Australian financial inquiry to focus on regulation
The Insurance Council of Australia has asked Australia's Financial System Inquiry to focus on more efficient industry regulation, less restrictive prudential requirements and tax reform.
Chile earthquake damage expected to be limited
According to AIR Worldwide, several homes have been destroyed but overall there have been no major reports of damage from the 8.2 magnitude earthquake that struck off the coast of Chile earlier in the week.
AA survey highlights pothole 'crisis' as claims skyrocket
AA president Edmund King is calling on politicians to recognise the “crisis” impacting UK roads after a survey by his organisation showed that a rising number of motorists rate local roads as being in a ‘terrible condition’.
TSC chair Ellman raises ABS concerns
Select committee chair calls for ABS loophole scrutiny
Penny Speed Meets RSA global specialty lines director UK, Paul Greensmith
Super Speed Meets RSA global specialty lines director UK, Paul Greensmith
Mass concerned at court fee proposals
The Motor Accident Solicitors Society is concerned at the increasing cost of court fees following the release of a Ministry of Justice report today announcing a sliding fee scale for monetary claims.