Company news
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
Victor International appoints Anthony Stevens as president
Victor Insurance Holdings has appointed Anthony Stevens as president of Victor International, effective immediately. He succeeds Paul Drake, who previously announced his plans to retire from the firm in September.
CBL Corporation placed into liquidation
The New Zealand high court has placed CBL Corporation into liquidation.
First Central will not appeal £13,000 ‘unfair dismissal’ judgment
Exclusive: First Central has been hit with a compensation order, after a former employee claimed they were dismissed unfairly.
McLarens expands leadership team
McLarens has announced six management appointments within its UK and Ireland business.
Fourth acquisition in two weeks caps off recent cluster of GRP broker buys
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
Chris Guillaume steps down as CEO of Open GI
Open GI CEO Chris Guillaume is set to step down and take on a non-executive role on the company’s main board.
Brightside CFO steps down
Brightside’s chief financial officer, Ian Sutherland has left the broker.
L&G appoints Darren Prior as head of broker
Legal & General has promoted Darren Prior to head of broker within its general insurance division.
Canopius attracts investment from Samsung
Canopius has partnered with Samsung Fire & Marine Insurance to offer “innovative customer-focused” insurance solutions across the globe.
AIG Europe posts profit of £59.5m despite a fall in premiums
AIG Europe has reported a profit before tax of £59.5m for the 12 months to 30 November 2018, up from a loss of £431.5m the previous year.
Former Cunningham Lindsey boss Pigot joins McLarens
McLarens has appointed David Pigot to the newly created role of director of London Markets and global head of specialty.
Senior departures at RSA as it announces management shakeup
RSA has announced a number of senior role changes in its UK and international business.
Eldon Insurance director no longer at the broker
Jacobus Coetzee no longer holds a directorship at Arron Banks’ Eldon Insurance.
GRP brokers make three acquisitions
GRP-owned Cavendish Munro has made one acquisition, while Green Insurance Group has bought two businesses.
Allianz proposes office closures that put 97 staff at risk of redundancy
Allianz has proposed shutting its Woking and Luton offices, which could lead to 97 people being made redundant.
BMS appoints Nick Moss as chief financial officer
BMS has appointed Nick Moss as chief financial officer of the group.
KPMG fined £6m over Equity Syndicate Management audit
The Financial Reporting Council has issued sanctions against KPMG and others in relation to its Equity Syndicate Management audit.
Axa places 125 jobs at risk following claims restructure
Axa has placed 125 roles at risk of redundancy as a result of further restructuring of its claims business.
Allianz in talks to buy L&G general insurance business – report
Allianz is in talks to buy Legal & General general insurance business, according to Sky News.
Scor shareholders reject CIAM’s proposed resolutions
Scor's shareholders express their opposition to the “destabilisation” attempt led by the activist fund CIAM.
MS Amlin names replacement for CFO John Worth
MS Amlin has named former Old Mutual executive Iain Pearce as its chief financial officer.
Hastings sees bump in revenue despite loss ratio warning
Hastings has reported a 4% rise in gross written premiums for the first three months of 2019.
Edam Group invests in 18 month leadership scheme
UK specialist provider of credit hire and post-accident services, Edam Group, has invested in an 18 month leadership scheme built to boost its employees’ personal development.