News
Kingsbridge sells minority stake to private equity firm
Insurance broker Kingsbridge Risk Solutions has sold a minority stake to Isis Equity Partners, in a deal preserving the structure of the business.
Oval staff informed of Gallagher talks ahead of March deal
Oval staff have been informed about the broker being in exclusive acquisition talks with Arthur J Gallagher, a source close to Oval has said.
Compass targeting South East growth following Joy hire
Arthur J Gallagher is targeting regional network growth following the appointment of former MMA network and partnership manager Steve Joy to the role of business development manager for Compass Broker Services in the South East.
Questgates questions EL and PL portal benchmarking
Loss adjuster Questgates has questioned the practice of benchmarking performance based on the retention rates for employer's liability and public liability claims within the Ministry of Justice's portal.
Am Trust replaces Allianz as Affinion's underwriting partner
Am Trust Europe has reached an agreement with Affinion International to underwrite the customer loyalty and engagement products provider’s UK insurance products.
Skuld bolsters casualty management with new role
Norwegian marine insurer Skuld has appointed Sandro Vuylsteke to a new role of global casualty co-ordinator.
US politicians demand investigation into Target data breach
US House Democrats have requested a probe into the data breach which resulted in at least 110 million customers of US retailer Target having personal information stolen.
Town joins Barbican as non-marine reinsurance underwriter
Barbican Insurance Group has appointed Lucy Town as an underwriter in the firm’s non-marine reinsurance department, with immediate effect.
One dead and 52 homes destroyed by bushfires in Western Australia
A man has died on the roof of his home and 52 homes have been destroyed in the Perth hills as Australia suffers a serious heatwave.
Japan's regulator to ban subcontractors selling insurance
The Financial Services Agency in Japan is expected to to ban insurance agencies from allowing subcontractors to sell insurance products.
Outstanding catastrophe bonds hit record
As at 31 December 31 2013, total catastrophe bond limit outstanding had reached $20.3bn the highest level in insurance-linked securities market history according to Aon Benfield Securities.
Towergate completes triple acquisition
Towergate has inked deals to acquire Canworth Commercial, Irvine Insurance Services and John Fairley Insurance.
Health & Case Management hires customer relations director
Rehabilitation and treatment firm Health & Case Management has appointed healthcare specialist Kelly Sallows to its newly created customer relations director role.
Electrical contractors’ group launches dental plan
Electrical Contractors Insurance Services has launched a dental plan in association with National Dental Plan to increase access to affordable care.
HCC swoops for QBE man Railton to lead Leeds office
Specialty insurer HCC International has hired QBE’s Colin Railton to head up its newly opened Leeds office.
FCA insurance fines rise 160% in 2013
Fines imposed on the insurance sector by the regulator rose to £44.6m last year, up 160% on the previous year.
RSA serves up restaurants and hotels policy
RSA has launched a new restaurants and hotels insurance policy offering designed to provide cover for small-unlicensed hotels with up to six rooms or restaurants with up to 150 seats.
Dual recruits from Jubilee for European business development boss
Hyperion-owned Dual has recruited Jubilee’s group head of marketing for a role as director of European business development.
RSA facing potential £35m fine from Irish regulator
RSA could still be hit with a £35m fine as the Central Bank of Ireland continues its investigation into the control failures in the insurer’s subsidiary.
Covéa hands Dixon commercial claims role
Covéa Insurance has appointed Hannah Dixon to the newly created role of commercial claims account manager.
At least 110 million hit by Target data breach
US retailer Target has been left reeling after the discovery that at least 110 million customers had personal details stolen in one of the largest data breaches ever seen.
BP loses court appeal and faces further Deepwater Horizon claims
BP has lost an appeal to the US federal appeals court to limit the compensation payouts for the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
Costa Concordia removal operation set for June
Stricken cruise liner the Costa Concordia will be taken away for scrapping in an operation beginning in June.
Howden recruits trio to pilot aviation division
Hyperion-owned insurance broker Howden has recruited two from Gallagher and a further specialist from Marsh to bolster its aviation unit.