News
Departing Lloyd's CEO Ward named chairman of Brit
Lloyd’s chief executive Richard Ward will take up the position of chairman at Brit Insurance Holdings once he steps down from his current role at the end of the year.
Lockton expands global technology practice
Broker Lockton is expanding its global technology and privacy practice with three staff moves in major cities to support clients on cyber liability and related risk management issues.
Miller boosts non-marine treaty offering with Willis Re hire
London broker Miller has recruited a former regional director at Willis Re to strengthen its reinsurance offerings.
DWF strengthens Cat-PI team with former BLM partner
DWF has appointed Paul Greaves, a specialist in large loss personal injury litigation, to its London-based catastrophic Personal Injury team.
Simply Business creates 100 new insurance jobs
Simply Business has embarked in a recruitment drive that will result in the creation of 100 insurance jobs within the firm's Northampton HQ.
Axa enhances its management liability product
Axa has extended the cover offered through its management liability product and added a 24 hour risk management service for clients.
Insurance think tank head to step down
The Geneva Association's Secretary General, John Fitzpatrick, has informed the board he will not stand for reelection at its General Assembly in May 2014.
Silentnight to receive insurance advice from Aon Risk Solutions
Aon Risk Solutions has been appointed to provide risk management services and insurance advice to bed and mattress manufacturer Silentnight.
Hancock heralds launch of Yutree's underwriting binder with WR Berkley
Yutree managing director Kevin Hancock believes the launch by the firm’s underwriting arm of a new dedicated authority facility with WR Berkley will enable Yutree to respond to brokers with commercial terms in record time.
Jelf CEO not averse to more M&A activity despite organic investment
Jelf Group chief executive Alex Alway has vowed to continue to invest in organic growth within the insurance broking division, despite the successful integration of The Insurance Partnership contributing to an uptick in 2013 revenues.
NCI boosts dividend by 20% after strong half
Service provider NCI Vehicle Rescue has pledged an interim dividend of 0.6p per share, up 20% from last year, after seeing pre-tax profits climb 21.3%.
Domino's Pizza CEO to lead Saga to market flotation
Saga is expected to unveil outgoing Domino’s Pizza chief executive Lance Batchelor as its new CEO in May next year, as the over 50s travel and health insurer steps up plans for a market float.
Admiral extends Munich Re underwriting deal until 2018
Admiral has agreed to extend its underwriting arrangements with Munich Re for its UK car insurance business for a minimum or five years.
QBE to make full year loss after writedown
QBE has announced it will make a full year loss of $250m after a significant writedown on the value of its US operation.
Jelf insurance revenues up £2.2m in 2013 amid strong Purple Partnership performance
Jelf increased its EBITAE margin from 12.8% to 14% year on year within its insurance broking business in 2013, where revenues were also ahead of 2012 (£46.1m) at £48.3m for the full year ended 30 September.
Saulter pledges organic growth focus after Garwyn buy
Davies chief executive Dan Saulter says his business will focus on growing through contract wins and recruitment rather than acquisition after it today sealed a deal to acquire Garwyn.
Claims Portal boss Wallis responds to TPA criticisms
Claims Portal chairman Tim Wallis has clarified there are various options available for third party administrators within the portal.
Higos expands footprint with John Morgan acquisition
High street broker Higos Insurance Services has expanded its footprint with the acquisition of John Morgan Insurance Consultants in Dorset.
IFR still expected to go live before 2014
The Insurance Fraud Register is still planned to go live before the end of the year despite market rumours several insurers are holding up its progress.
RSA deploys emergency vehicle in Lincolnshire
RSA has deployed its emergency response vehicle to Boston in Lincolnshire to assist people affected by flooding.
Client focus rated most highly prized attribute for leading London underwriters
A strong client focus is valued more highly by brokers than technical underwriting, according to a survey conducted by Gracechurch Consulting of more than 500 intermediaries.
Davies confirms Garwyn acquisition
Davies has confirmed a deal to acquire specialist loss adjuster Garwyn.
Brokerbility gains controlling interest in Broker Tech
Independent broker network Brokerbility has acquired 100% of the share capital of Broker Tech, the Maidstone based software solutions provider.
Loss adjusters seeing steady flow of storm claims
Loss adjusters are praising flood defence mechanisms in standing up to yesterday’s storm which has seen the east coast of the UK battered by surges and high tides.