News
Ecclesiastical to focus on investment growth
Ecclesiastical is set to grow its investment arm on the back of its improved half year results.
Mike Lobb joins US Risk UK
Former Howden Broking Group chief of staff Mike Lobb has been appointed the first managing director of US Risk UK.
Hyperion stake sale nets £29m for BP Marsh
The sale of a 30% stake in Hyperion to General Atlantic has banked the private equity firm £29.2m according to accounts released today.
Aon opens new Cambridge office
Aon Risk Solutions is opening a new office in Cambridge as well as expanding the existing Aon offices based in St Albans and Chelmsford as part of regional expansion plans.
Banks in £1.3bn insurance mis-selling pay-out scheme
The Financial Conduct Authority has reached an agreement with Card Protection Plan Limited and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s card protection and identity…
Carole Nash turnover improves despite shrinking market
Turnover at motorcycle broker Carole Nash improved by nearly 5% in 2012 while the company’s profit dropped by £400 000.
Plumeri joins KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
Allianz Global Corporate & Specialty makes key appointment in Hong Kong
Allianz Global Corporate & Specialty Hong Kong has appointed Jack Jenner its new head of market management.
China's central bank to lead regulation meetings
The governor of People's Bank of China Zhou Xiaochuan is set to chair a regulatory committee made up of the regulators for banks, securities firms, insurance and the foreign exchange.
Ecclesiastical records sub-100% COR despite GWP reduction
Ecclesiastical has achieved a 95.6% UK combined operating ratio for the first half of the year(H1 2012: 109.9%).
N&G cover wins British Rowing endorsement
Rowing cover provided by Navigators and General through Elite Rowing Insurance has been backed by the governing body for the sport of rowing, allowing the insurer to offer cover to British Rowing’s 550 clubs.
VIG completes integration of former QBE Macedonia
The former QBE Macedonia firm has completed its integration into the Vienna Insurance Group and was renamed as Akcionersko Društvo za Osiguruvanje i Reosiguruvanje Makedonija Skopje.
Marsh networks boss looking north for new members
Marsh’s networks leader Martyn Denney has vowed to boost membership in the north of England and in Scotland.
Health Shield launches consumer cash plan
Health Shield has launched Connect, a direct health cash plan targeting individuals across the UK.
Ex-Aviva PI team members launch MGA
Members of the former Aviva SME professional indemnity underwriting team today launched Pinpoint Underwriting, an MGA specialising in PI for small to medium sized businesses.
Prisoners paid to gather insurance details
Prisoners are being paid to gather insurance details and other other personal details as part of market research for insurance companies, the BBC has reported.
FP Marine in China aquaculture move
PICC and Dalian Zhangzi Island Fishery Group initiated a wind index marine aquaculture insurance which is the first policy of its kind.
Ascent launches SME general liability extension
Managing general agent Ascent Underwriting, which specialises in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business clients.
Plumeri joins investment firm KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
SGI Law acquires Challinors’ PI portfolio
Liverpool-based SGI Legal has acquired the personal injury caseload of Midlands-based firm Challinors.
Three men plead guilty to ‘crash for cash’ £150k fraud
Three friends from Liverpool have admitted deliberately causing a crash between a coach and a car on a Manchester motorway in a bid to make a fraudulent claim for personal injuries.
Chinese broker boss found in Fiji
Chen Yi, the head of Shanghai Fanxin Insurance Agency, has been found in Fiji and has been extradited to China after it is alleged she had fled the country.
QBE European GWP up 15% to $3.1bn after Brit acquisition
QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).
CII launches equality strategy
The Chartered Insurance Institute board has approved a new equality strategy as part of its commitment to creating a diversity-aware and inclusive professional body for people working in financial services.