News
Liberty Mutual appoints chief underwriter
Liberty Mutual Insurance (LMI) has appointed a new chief underwriter of its commercial operations.
FSA issues £2.8m fine for TCF breaches
The Financial Services Authority (FSA) has doled out a near £3m fine to an American insurer operating in the UK.
AEGIS brings in new non-exec
AEGIS London has appointed former HCC chief underwriter as non-executive director.
R K Harrison takes on ex Marsh chief for HNW drive
R K Harrison has appointed Marcus Rennick, the former head of private clients at Marsh and HSBC, to support the growth of its UK high net worth business with a particular focus on the south east.
Towergate Underwriting builds corporate partnership team
Towergate Underwriting has appointed Eileen McFadden as corporate partner development manager.
Quinn's wife ordered to repay €3m loan
Patricia Quinn, wife of bankrupt businessman Sean Quinn, has been ordered to repay more than €3m (£2.6m), to the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, according to the Irish Times.
Ex-ABI man to head up new FSA department
Peter Vipond has been appointed as head of department, insurance sector and prudential support, at the Financial Services Authority (FSA).
Insurance Age blog: Go compare
I don’t often get the chance to write about lovely Norn Iron (say Northern Ireland in the accent if you don’t get it), the place where I was born, grew up, and will very soon be heading back to for a typically hectic Christmas, therefore when I see an…
Quinn family continue to fight €2.3bn loan claim
The wife of bankrupt businessman Sean Quinn claims she does not have to repay a €3m bank loan because she is a homemaker, was unduly influenced by her husband and regularly signed documents he put in front of her without reading them.
RAC loses managing director
Angela Seymour-Jackson has resigned from the managing director role at RAC and will be leaving the group in January 2012 to pursue other business interests.
Groupama clings on to investment grade status as Aviva is monitored
Groupama SA has suffered a further downgrade to its credit rating as Standard & Poor’s (S&P) lowered the insurer’s status from BBB to BBB-, the final grade before junk bond status.
ABI questions Ombudsman's publishing policy
The Association of British Insurers (ABI) has questioned the Ombudsman’s policy of publishing all its decisions.
Canopius appoints new UK chief
Canopius Group has appointed a new group chief executive responsible for the UK business.
Powerplace director put on gardening leave
Powerplace and its sales and marketing director have parted company, Insurance Age can reveal.
Biba throws weight behind OFT motor investigation
The British Insurance Brokers’ Association (Biba) has added its support to the Office of Fair Trading’s (OFT) investigation into credit hire and vehicle repair.
Three new directors for MGAA
The Managing General Agents Association (MGAA) has appointed three new directors to its board.
Finances improving at Oval despite £3m loss
The Oval Group is still making a loss but has improved its position on last year, according to the latest set of results.
Groupama claims financial strength boost with sales
Groupama SA is to sell its share in real estate company Silic to government owned finance organisation Caisse des Dépôts (CDC) who will also be making a €300m (£251.9m) investment in the French insurer.
ABI welcomes launch of OFT motor investigation
The Association of British Insurers (ABI) has responded to the news of a further investigation into the UK motor market by insisting that insurers were committed to providing the best possible deal for customers.
Marsh unveils Norwich leader
Marsh has appointed Keith Fenwick to lead the broker's Norwich office, its largest UK branch outside of London.
Chubb expands roles of specialty insurance team
Chubb Insurance has made four senior appointments to its UK and Ireland specialty insurance division.
Chubb enters European cyber protection market
Chubb has launched a cyber security insurance product for companies in Europe.
OFT launches third party repair and credit hire investigation
The Office of Fair Trading (OFT) has launched an investigation into the provision of third party vehicle repairs and credit hire replacement vehicles in the UK motor market.
Patrick Smith not involved in Swinton share drama, says internal memo
Covea, the French insurer and ultimate parent of Swinton Group, has moved to distance chairman Patrick Smith from any wrongdoing associated with the sacking of the Swinton board.