UK
Craig Thornton appointed chair of ABI’s General Insurance Council
Craig Thornton, general insurance and protection director for Lloyds Banking Group, succeeds former Ageas UK CEO Andy Watson as chair of the Association of British Insurers’ General Insurance Council.
Gefion to enter run-off as regulator revokes insurance license
Danish unrated insurer Gefion will enter solvent liquidation as the Danish regulator has chosen to withdraw its license, the insurer has said.
Profits nearly quadruple at Ecclesiastical in 2019
Ecclesiastical delivered £58m in post-tax profit last year, more than treble the £15.2m achieved in 2018, according to a filing at Companies House.
Mike Keating appointed MGAA managing director
Former Axa and UK General leader Mike Keating has been appointed managing director of the Managing General Agents’ Association, taking up the role on 8 September 2020.
Future Focus 2030: The future of personal injury claims
In the second of a new monthly series, Post looks into the future at how the insurance market might change, with each part focusing on a specific issue. Jonathan Swift fast forwards a decade to look at how a new era of collaboration and ethics changed…
Ardonagh moves forward with $500m notes offering
Ardonagh has placed $500m (£401m) of senior payment in kind toggle notes.
Davies appoints Jeff Chang as general counsel
Davies has appointed Jeff Chang to the recently created global role of general counsel.
Ex-Biba chair Lord Hunt steps up to GRP main board as NED
Lord Hunt, the former chair of the British Insurance Brokers’ Association, has stepped up to sit on the main board of Global Risk Partners as a non-executive director.
Analysis: Unpacking the Ardonagh deal
Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.
Markerstudy’s board directors take 50% pay cut
Amid almost 500 redundancies at Markerstudy, the group's board has taken a 50% pay cut, Post can reveal.
Malcolm Harvey's Qlaims unveils flooding parametric partnership
Qlaims has teamed up with Mason Owen Financial Services and parametric insurance specialist Floodflash in the first use of its claims service for a project management rather than advocacy solution.
Primary Group buys back UK General
Primary Group has bought back a majority stake in UK General Insurance having sold the business to private equity house JC Flowers in 2017.
LSE leader Nikhil Rathi named FCA CEO
The government has appointed former HM Treasury director Nikhil Rathi, currently the CEO of London Stock Exchange plc, as the new CEO of the Financial Conduct Authority.
Markel drops wholesale personal accident and contingency insurance
Markel International has stopped writing wholesale personal accident and contingency insurance as its refocuses the PACE portfolio exclusively on entertainment with immediate effect.
Das underwriting profit declines as it recovers £3.7m from ex-CEO legal proceedings
Gross written premiums at Das Legal Expenses Insurance dropped from £117.9m in 2018 to £114.8m last year according to the firm’s 2019 Solvency and Financial Condition Report which also revealed a £3.7m “recovery” from its involvement in a private…
FCA disputes BI ‘conflict of interest’ allegations
The Financial Conduct Authority has today denied there is any conflict of interest in relation to the law firm engaged on its business interruption test case.
Christian Nielsen named CFO for Hiscox London Market
Christian Nielsen has been appointed as chief financial officer for Hiscox London Market and Hiscox Syndicates moving across from his current role as CFO of Hiscox UK and a director of Hiscox Insurance Company.
LMG adds Atrium’s Harries to board replacing Paul Greensmith
The London Market Group has appointed Atrium CEO Richard Harries to its board replacing former UK CEO of Axa XL Paul Greensmith.
Digital Risks appoints Stewart Duncan as chief data officer
Insurtech start-up Digital Risks has recruited Stewart Duncan as chief data officer joining from insurance platform Wrisk.
Mike Bruce ascends to GRP CEO as Searchlight deal completes
Searchlight Capital’s GRP deal has completed, with former group managing director Mike Bruce becoming group CEO of the broker.
Atradius appoints Stuart Ramsden as UK and Ireland regional director
Credit insurance provider Atradius has promoted Stuart Ramsden to regional director of UK and Ireland succeeding Alun Sweeney who is set to retire.
Dive In unveils virtual format for 2020
Dive In, the insurance industry’s festival for diversity and inclusion, has been confirmed with a virtual format of online events for 2020 taking place from 22 to 24 September.
NI Assembly committee rails against insurer Covid-19 BI payouts as ABI grilled
There is a “real perception of intransigence from the insurance industry … [and] lack of willingness to engage and support business” during the coronavirus pandemic, according to Caoimhe Archibald, chair of the Northern Ireland Assembly’s Economy…
Arch names Simon Williams as active underwriter
Arch Insurance International has appointed Simon Williams as active underwriter of Syndicate 1955 and confirmed David Slade as deputy active underwriter after the parent company’s takeover of Barbican.