Cornhill to set a new course

New Allianz Cornhill ceo Andrew Torrance has spelt out his vision forthe company's future as the ins...

New Allianz Cornhill ceo Andrew Torrance has spelt out his vision forthe company's future as the insurer announced a restructuring ofoperations.

Mr Torrance, who takes over from outgoing chief Ray Treen this month, saidthat he believed the insurer had to devise a long-term strategy that wouldposition it to meet market cycles, rather than trying to react to the manychanges it undergoes. "I see it like navigating a big liner - you have tokeep steering in the right direction, you cannot tack and

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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