News
CHO boss says ‘self interested’ insurers are hampering fight against fraud
DAC Beachcroft estimates credit hire fraud is worth up to £75m a year
Gallagher to axe Giles brand in May
Arthur J Gallagher is planning to drop the Giles brand in two months, with the Oval name set to disappear further down the line, commercial director Janice Deakin has told Post.
Enstar completes Torus acquisition
Enstar Group has completed the previously announced acquisition of global specialty insurer, Torus Insurance.
Osborne slams FCA over leaked review details
Chancellor George Osborne has written to the Financial Conduct Authority to express frustration after the leaking of market sensitive details by the watchdog led to a sharp drop in insurer share prices, the Financial Times reported.
Gallagher acquires Oval for £199m
Gallagher has completed a deal to acquire Oval for £199m, with Peter Blanc serving as Gallagher’s new chief executive of UK retail.
Endsleigh MD Passmore makes way as Zurich streamlines structure
Zurich has revealed that UK managing director for personal lines Tim Holliday will lead combined personal lines and Endsleigh businesses following the integration to a single management structure.
Bradshaw takes Biba consultancy role
Barbara Bradshaw has moved to a consultancy role at the British Insurance Brokers' Association focusing on member engagement and contributing to the smaller brokers' advisory board.
The Jackson reforms one year on: What impact have they had?
The Jackson reforms were implemented a year ago through the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
April Fool’s: No telematics deal in the pipeline for cyclists
While there may be some truth in there being a long-running battle between motorists and cyclists on Britain’s roads – it will not be solved by a telematics offering from a major motor insurer.
London market insurer WR Berkley plots regional expansion
WR Berkley Europe has revealed plans to expand its UK distribution channels via open market, online and schemes with a view to providing the firm with increased access to regional business.
Chubb appoints Barr as environment head
Chubb has appointed David Barr as European environmental manager.
Major motor insurer close to telematics deal for bicycles
A major motor insurer is close to launching a telematics offering for cyclists, in partnership with a telematics specialist, Post has learnt.
Hansen elevated to Skuld CEO
Ståle Hansen is to take over as chief executive of Skuld from 1 February 2015.
Ex-RSA director Wilkinson takes on consultancy role at Perkins Slade
Former RSA mid-market regions director Dan Wilkinson has resurfaced at independent broker Perkins Slade where he will work on a consultancy basis to support delivery of the company’s business development strategy.
Ace unveils head of life in Korea
Ace Life has appointed Young Ho Lee as the new country president to lead its life operations in Korea effective 14 April.
Gallagher completes £210m deal for Oval, claims report
The acquisition of Oval by Arthur J Gallagher has been completed with the American firm paying approximately £210m to acquire the Wakefield-based broker, according to reports this morning.
Sums insured across European windstorm markets rise by 2.3%
The total sums insured across eleven European windstorm markets increased by 2.3% on last year, according to the 2014 Perils Europe Industry Exposure Database.
Insurers urged to question use of double-handed care
Pay-outs for insurers’ personal injury claims are being inflated due to blanket policies requiring two carers being present to manually move a patient rather than one, according to a new report.
Peak Re appoints from Marsh for head of claims
Peak Re has appointed Sophia Chiu as senior vice president for claims.
XL partners with risk specialists on K&R offering
XL Group’s crisis management team now offers cover for kidnap and ransom risks partnering with risk consultancy Terra Firma Risk Management.
One third of flood victims without home insurance survey finds
One third of British adults affected by the recent UK floods don’t have insurance that protects their home from flooding, a PWC and You Gov survey has found.
LV boss O'Roarke targets home and commercial growth in 2014
LV will focus its efforts in 2014 on home and commercial insurance “where conditions are not so brutally competitive”, according to general insurance managing director John O’Roarke.
Liberty Mutual Europe CFO Prince resigns
David Prince, chief financial officer of Liberty Mutual Insurance Europe has resigned after a decade with the insurer, Post can reveal.
Ageas confirms more than 14 500 interim flood payments made
Ageas has made more than 14 500 interim payments to victims of winter flooding in the UK, chief executive Andy Watson says.