News
LV Broker recruits DLG underwriting manager
LV Broker has swooped for a Direct Line Group portfolio underwriting boss to serve as its new technical underwriting manager.
RSA UK & Europe finance boss heads to energy sector
RSA’s UK and Western Europe finance director is to leave the insurance industry, moving to a Wiltshire-based energy company.
R&Q promotes Morris to US captive CEO
R&Q has named Rod Morris as chief executive of its US captive operation, Quest USA.
Towergate strikes five-year motor claims deal with BGL
BGL Group has agreed a new five-year agreement with Towergate to manage motor claims for the 200 000 customers of the consolidator’s broker distribution network.
Allianz and DAC Beachcroft launch motor safety paper for fleet drivers
Allianz Commercial has teamed up with law firm DAC Beachcroft to launch a white paper aimed at raising awareness of motoring offences and their penalties among fleet managers and business drivers.
Bollington recruits from Circle for sales and affinities boss
Bollington has recruited Circle Insurance sales director Neil Newman to lead its commercial sales and affinities business.
Rural plants seeds of expansion with second Farm Web swoop
Rural Insurance has expanded its regional development underwriter team with the appointment of Sarah Robinson from NIG Farm Web.
Government U-turn on mesothelioma exemption roundly condemned
A government U-turn that will result in mesothelioma sufferers no longer being able to pocket the total amount of a claim has been slammed by opposition MPs and claimant lawyers.
Argenta’s Paul Hunt to step back from exec roles
Argenta Syndicate Management executive director and underwriting director Paul Hunt is to step back from his executive roles within the group over the next two months.
Swinton recruits former Direct Line MD Moat as non-exec
Swinton has named former Direct Line motor managing director Chris Moat as a non-executive director, Post can reveal.
Private sector contributes 25% of flood defence partnership funding
Private sector funding has generated £37m for flood defences according to a report from the Guardian.
Markel promotes two on property treaty team
Markel International has promoted Nick Hillman and Nick James to senior underwriters on the property treaty account in its specialty division.
Ace recruits from Sportscover for UK & Ireland environment underwriter
Ace has recruited a former sports and leisure underwriter to bolster its environmental risk division.
W B Baxter achieves chartered status
Essex broker W B Baxter has been awarded chartered insurance broker status by the Chartered Insurance Institute.
Axa Ireland handed Moody's upgrade
Axa’s Irish general insurance operation has been upgraded by Moody’s to an Insurer Financial Strength Rating of A2, with a stable outlook.
AIG bailout lawsuit dismissal upheld
A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.
Video: Audatex director insists insurers should accept 80% of subrogated motor claims
Insurers should automatically accept at least four in five of subrogated motor claims.
Markham recruits UN specialist for kidnap push
High net worth broker Markham Private Clients has appointed a European Parliament and United Nations risk specialist to head up a new kidnap and ransom facility underwritten by AIG.
Law Commission proposals should not 'strike fear' into insurers
Insurers have little to fear from proposals to reform the law governing commercial insurance according to DAC Beachcroft partner Nick Young.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.
Miller recruits XL Re’s Poon to head Asia claims
Insurance and reinsurance broker Miller has appointed XL Re’s claims manager to lead its claims operations in Asia.
CII to engage LV, Admiral and Esure in retail standards scheme
The Chartered Insurance Institute will kick-start its retail standards initiative by asking senior executives at firms including LV, Admiral and Esure whether such a scheme is likely to generate industry-wide support.
Law Commission issues draft proposals on commercial insurance
The Law Commission yesterday unveiled draft clauses of the Insurance Contracts Act 2015 which would redefine the circumstances under which insurers could refuse to pay out on commercial policies.
More Than launches telematics app
More Than has launched a telematics app giving drivers up to 20% off their car insurance after it has analysed their driving technique for 200 miles.