News
Arc slams MoJ employment tribunal fees proposals
Arc Legal Assistance has called on the Ministry of Justice (MoJ) to rethink proposals to charge individuals fees of up to £2,000 or more to bring employment tribunal cases.
Tokio Marine continues with regional focus
Tokio Marine Europe Insurance has made two additions to its UK underwriting team.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
Axa offloads Denplan to rival firm
Axa has sold its Denplan business to the Simplyhealth Group for £115m.
Gallagher buys Oxygen’s corporate risks team
Arthur J Gallagher International has bought Oxygen’s Leeds-based corporate risks team, Insurance Age's sister title Postonline has revealed.
Zurich launches new product through aggregator
Zurich has launched a new online motor insurance product, which will be available direct via the insurer’s website and through Confused.com.
Brit streamlines business ahead of possible sale
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
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.