Company news
Axa to reshape claims leadership following exit of Aviva-bound MD
Axa will not directly replace outgoing executive managing director for claims Waseem Malik, instead splitting responsibility for retail and commercial claims.
Competition watchdog clears Gallagher/Willis Re deal
The Competition and Markets Authority has given the green light to the merger between Gallagher and Willis Towers Watson’s treaty reinsurance business.
Dominic Burke to retire from Marsh McLennan in series of executive changes
Dominic Burke, vice-chair of Marsh McLennan, will retire in mid-January, the broking giant has confirmed.
Hiscox appoints Liz Breeze as interim CFO
Liz Breeze will take on the role of interim chief financial officer at Hiscox while the insurer searches for a permanent replacement for soon-to-be CEO Aki Hussain.
Aviva plots Lloyd’s return: sources
Aviva is said to be closely assessing the viability of re-entering the Lloyd’s market.
Atradius UK appoints country manager
Oliver Ford has been named country manager at Atradius UK.
Rob Gibbs leaves RSA as Lee Mooney and Steve Watson step up in Intact specialty integration
Rob Gibbs, commercial lines managing director at RSA, has decided to leave after 23 years with the business, the insurer has confirmed.
Allianz recognised in first Laureus Sport for Good Index
Allianz was the only insurer among 29 brands listed in the inaugural Laureus Sport for Good index launched at the UN Climate Change Conference, COP26 in Glasgow.
Top 30 Asia Insurers 2021: Resilience under pressure
Asia Pacific non-life insurers have proven their agility and tenacity in overcoming headwinds over the past year to deliver solid results. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, discusses the region’s scorecard
Gallagher adds Derek Henry to head up micro SME and personal lines
Gallagher has appointed former managing director for broking at Brightside Derek Henry as MD of micro SME and personal lines within its UK retail division.
AIG promotes Fitzsimons to CFO and shuffles senior leadership team
AIG has promoted Shane Fitzsimons to group chief financial officer amid senior leadership team changes, effective from 1 January 2022.
Covéa to buy Partner Re; Lloyd’s joins net zero alliance; another record for insurtech investment; crime tops insurer concerns; and Flood Re on tour
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Gefion administrators seek appeal in €26m Charterline case
Gefion's administrators are looking to appeal against a German ruling that it is bound by an insurance framework agreement with Charterline.
Europe 'big enough' for us sets out Getsafe boss Wiens
Getsafe intends to keep its sights set firmly on Europe, founder and CEO Christian Wiens told Post as the business bagged its German insurance licence and a $93m capital raise.
QBE names Chris Wallace as UK insurance business head
Chris Wallace has been appointed executive director of QBE’s UK insurance business taking over from Cécile Fresneau, who was promoted to run the European Operations insurance division earlier this year.
Das appoints Tony Coram as UK CEO
Das UK has appointed Tony Coram as CEO replacing Andrew Burke who is stepping down at the end of the year.
Tradewise and Prometheus in £13.1m commission clawback dispute
The administrators of Gibraltar insurer Prometheus, formerly Tradewise Insurance Company, are engaged in discussions over disputed commission clawbacks.
Tesco Underwriting 'well positioned' for success post Ageas exit: Duggan
Tesco Underwriting is 'well positioned' for customer satisfaction and market success following its joint venture buyout from Ageas, the insurance arm's boss told Post as it reported its first post-deal results.
Editor's comment: The ups and downs of 2020
2020 was a year of ups and downs for everyone. The Covid-19 pandemic struck, lockdowns began, and many were separated from loved ones. But kindness prevailed, communities were reunited, people met and talked to their neighbours. Home schooling took its…
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Chaucer appoints Xamira Groves as head of insurance
Xamira Groves has joined Chaucer from Axa XL as head of insurance.
Direct Line swoops for Ash Jokhoo from Virgin Atlantic as CIO
Direct Line Group has recruited Ash Jokhoo as chief information officer joining from Virgin Atlantic where he was chief data and information officer.
MUM the ideal complementary buy, says Pen boss Tom Downey
Pen Underwriting has bought Manchester Underwriting Management for an undisclosed sum adding 50 staff and over £60m of gross written premium to the Gallagher-owned managing general agent.
Parhelion adds David Foreman as chair
Howden-backed Parhelion has appointed industry veteran and founding member of Ark Syndicate Management David Foreman as chair.