News
Ramsey to replace Oliver as Barbon CEO
Barbon Insurance Group has recruited Mike Ramsey as its new chief executive officer to replace Martin Oliver.
Underinsured flooding risks costing £1bn a year
Uninsured or underinsured flooding risks are costing £1bn a year in England and Wales according to new figures.
Lloyd’s preparing for euro disintegration
Richard Ward, chief executive at Lloyd’s, has confirmed the insurance market has prepared for the collapse of the Euro and put a multi-currency settlement option in place and ready to go.
Cobra takeover deadline extended for Alto
The deadline for a deal between Cobra Holdings and Alto Intermediary Group has been extended until 7 June 2012.
QBE bags public sector contract
QBE has signed a deal to underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners (RMP).
Arista reports improved GWP and turnover for 2011
Arista has reported gross written premium (GWP) of £74m for 2011, a 10.5% improvement on the £67m it recorded in 2010.
RSA teams up with fish and shellfish specialists
RSA has agreed to provide Global Aquaculture Insurance Consortium (GAIC) with capacity to underwrite aquaculture business on a global basis alongside an existing Lloyd’s panel.
Admiral Group wins top spot on best workplaces list
Admiral Group has been named the best large place to work in the UK in the Great Place to Work Institute’s Best Workplaces list.
Aviva finance officer leaves to join Torus
Torus has appointed Tim Harris as its new group chief financial officer.
Former Zurich financial officer joins Deloitte
Deloitte has appointed a new partner in its general insurance actuarial team.
Miller targets corporate sector expansion with new hire
Miller Insurance Services has recruited Warren Dann from Jardine Lloyd Thompson as it looks to expand its book of large corporate clients.
APC extends cover for cleaning sector
APC has launched a new scheme for cleaning contractors.
UK motor insurance industry COR improves to 106%
UK motor insurers reported a net combined ratio of 106% as the market grew by 10% to reach £14bn in premiums in 2011, according to figures from Deloitte.
CII launches apprenticeships guide
The Chartered Insurance Institute (CII) has launched a guide to hiring and getting the best from apprentice employees.
UK economy shrank more than predicted in first quarter
The UK economy shrank by 0.3% in the first quarter of 2012, according to figures from the Office of National Statistics (ONS).
2012 British Insurance Awards shortlist revealed
The brokers shortlisted for the British Insurance Awards (BIA) have been revealed by sister publication Postonline.
Aviva confirms branch sale in Ireland
Aviva Ireland has agreed to sell 23 branches to One Direct, reducing its Irish presence to three.
Police arrest fraudster posing as insurance broker
A bogus broker has been charged with insurance fraud by the City of London Police.
Canopius launches new property underwriting team
Canopius Group has appointed a new UK property facilities underwriting team.
Giles lures senior Towergate director to head up Scottish operation
Towergate’s acquisitions and projects director has left the company to become Giles’ regional managing director for Scotland and Northern Ireland.
CNA targets mid to large companies with new products
CNA Europe has launched a new transport and logistics (T&L) package product aimed at mid to large-freight forwarders and contract logistics companies.
Chubb adds active underwriter to syndicate
Chubb Insurance has appointed Kevin Docherty as active underwriter for its Lloyd’s Syndicate, 1882.
HomeServe suffers blow to UK revenue following regulatory problems
HomeServe has reported improved revenue of £534.7m for the year ended March 2012, but regulatory difficulties in the UK business made an impact.
Aon Risk Solutions appoints Oval man for sales job
Aon Risk Solutions has appointed Matthew Alcott as sales and marketing director for its UK business.