News
Kwik-Fit to axe up to 170 jobs
Kwik-Fit Financial Services (KFFS) has confirmed plans to merge its insurance business onto one site with the loss of up to 170 jobs.
Ageas looks to Groupama for new household underwriting chief
Ageas has appointed Groupama’s head of household as its new head of household underwriting.
FSA to increase regulatory fees once again
The Financial Services Authority (FSA) is to increase the level of fees firms will be required to pay for 2012/13 under its annual funding requirement (AFR).
Giles not headed for IPO chief exec insists
Brendan McManus, chief executive of Giles Insurance Brokers, has hit back at claims the company’s backers are looking for an exit as he moved to dampen rumours of an imminent market flotation.
Giles losses for 2011 come in at £37m
Giles group has reported a further loss of £37.4m for the year to 31 August 2011 compared to £37.1m in 2010.
CCV wins chartered status
Cullum Capital Ventures (CCV) has been awarded chartered status by the Chartered Insurance Institute (CII).
Trade body demands greater clarity over new regulators
The International Underwriting Association (IUA) has called for greater clarity on how the two new insurance regulators are going to cooperate.
Direct Line to pay shareholders £500m dividend
Direct Line Insurance Group has declared an interim dividend with an aggregate amount of £500m.
Coversure opens first of several new offices
Coversure Insurance Services has opened a new office in Ilfracombe in Devon.
Three arrests in Liverpool over cash for crash fraud
Three people have been arrested in Liverpool as part of an on-going investigation into a suspected cash for crash fraud operation estimated to be worth more than £1m.
Scottish referral fee ban produces UK's lowest rate of whiplash claims
A ban on referral fees under Law Society of Scotland rules of practice has resulted in the country recording the lowest rate of whiplash claims in the UK.
Insurers behaving in 'morally repugnant' fashion over PI auctions
A solicitor’s firm has branded the practice of auctioning books of personal injury claims morally repugnant and bankrupt.
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.