News
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.
Axa COO Carruthers Joins Acturis
Max Carruthers, chief operating officer of Axa commercial lines and personal intermediary, has joined the board of IT provider Acturis as a non-executive director.
Davies inks Garwyn deal
Loss adjuster Davies last night completed a deal to acquire Garwyn, Post understands.
Paymentshield hands director role to Co-op customer relations boss
Paymentshield has appointed the Co-operative Banking Group’s head of customer relations to the newly created role of customer service director.
Aviva's McFarlane to become First Group chairman
Aviva chairman John McFarlane has been named chair of transport firm First Group.
Plan to double R&Q's 2014 capacity to £150m gains Qatari support
Randall & Quilter has secured the capital to support its business plan to double its capacity to £150m for the 2014 underwriting year of account for its first party syndicate DTW 1991.
Severe flood warnings in place across the UK as storm sees thousands evacuated
Two people are known to have died while thousands more were evacuated from their homes as a tidal surge battered coastal towns along the east coast of Britain.
Philippines typhoon dominates November catastrophes
Super typhoon Haiyan which killed over 5 000 people dominated the November global catastrophe list.
L&G accused of infringement of Travelers' 'iconic' red umbrella logo
Travelers has filed a lawsuit against Legal & General in the United States following a long-running dispute over the UK-based firm’s use of its multi-coloured umbrella logo in the US.
Kennedys concerned about lack of costs control for asbestos claims
Insurance law firm Kennedys has expressed concerns that the government has showed no intention to consider the issue of recoverable fees for asbestos claims.
GAB Robins issues amber alert on east coast weather warnings
Loss adjuster GAB Robins will be mobilising additional field teams to the east coast in preparation for the predicted storm expected to bring gale-force winds, heavy rainfall and possible coastal flooding to the area.
Government's growth plan tipped to boost takaful market
The government's insurance growth action plan could provide a much needed boost to the UK's commercial Islamic insurance market, according to PwC's Mohammad Khan.