News
Ellis Clowes looks to Axa PPP for new commercial director
Ellis Clowes & Company has appointed Karen Woodley as commercial director of the group and board director of Ellis Clowes (Commercial).
Income down at Willis UK
Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.
Three top insurers suffer from Irish downgrade
Aviva, RSA and Allianz have all been restricted from providing cover for Irish state companies due to the country’s demotion by credit rating agencies.
Willis promotes from within to replace McManus
Willis has appointed Daniel Wilkinson as chief executive officer for Willis United Kingdom & Ireland (WUKI).
Zurich creates new underwriting role for SME
Zurich’s UK General Insurance business has appointed Russell Corbould-Warren to the newly created role of head of SME underwriting.
Groupama targets PA cross selling
Groupama has released a personal accident (PA) broker toolkit in a move it said was designed to help the 61% of brokers who claimed they had difficulty selling the cover.
QBE sets up new environmental liability team
QBE has created a new team to launch an environmental impairment liability (EIL) product.
NIG hires from rivals to grow London SME book
NIG has made two senior appointments to its London office in a bid to secure a greater share of the London SME market.
Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.
Mitsui Sumitomo completes regional office network
Mitsui Sumitomo at Lloyd’s has confirmed the completion of its regional office network with the opening of branches in Belfast and Glasgow.
Social media preying on minds of risk managers
Social media presents significant potential risks to the reputations of European businesses and their protection of confidential information, according to two risk management organisations.
LV appoints new leader in Exeter
LV broker has appointed Kevin Wildman to the new role of branch manager for its Exeter office.
King quits RFIB
RFIB has confirmed that chief executive officer and minority shareholder Marshall King will be leaving the company and that current group chief financial officer Jonathan Turnbull will take up the position of CEO with immediate effect.
Lord Turner calls for debate on higher FCA costs
Lord Turner, chairman of the Financial Services Authority, has called on parliament to give the Financial Conduct Authority (FCA) “the powers and teeth to act early to intervene and prevent customer detriment from occurring”.
Insurance Age blog: McManus for Towergate?
Well the big news this week is the departure of Brendan McManus, CEO of Willis UK, from the company.
Zurich appoints new chief underwriting officer
Zurich has appointed Nick Major as chief underwriting officer (CUO) for its global corporate in the UK (GCUK) business area, effective immediately.
Towergate losses accelerate to £21.3m
A Towergate report to bondholders for the second quarter of 2011 has revealed the broking giant lost £21.3m in the first half of 2011, up from £13.7m in the same period of 2010.
Brendan McManus parts company with Willis
Willis has announced the departure of Brendan McManus, CEO of Willis.
Video: What the Papers Say
Joining Insurance Age editor, Martin Friel, for this month's round-up is Dan Tunna, external communications at Allianz, and Emmanuel Kenning, features editor at Insurance Age.
Insurance sector paying bills later
Companies in the insurance sector paid their bills an average of 19.78 days late in the third quarter of 2011, an increase of nearly 1.5 days on the previous three months, according to research from Experian.
New name for Quinn following sale
Quinn Insurance will begin trading under the new name Liberty Direct on 7 November, according to reports.
North West top for bodily injury claims
Research from the Institute and Faculty of Actuaries has shown the North West of England to be the leading hot spot for private car insurance claims involving bodily injury.
RSA appoints More Than man to head up e-business
RSA has appointed Ian Hood as group e-business director with responsibility for broker self servicing options.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.