News
Ace Global Markets appoints head of aviation
Ace Global Markets has announced the appointment of Malcolm Brett as product line head of aviation.
German giant linked to Quinn Insurance bid
German insurance giant Talanx has become the latest name linked with a bid for Quinn Insurance.
RFIB appoints divisional director
RFIB Group, the international Lloyd’s insurance and reinsurance broker, has announced the appointment of Toby Heppel to the role of divisional director in the political, credit and financial risks team.
Moorhouse targets £5m GWP broker acquisition
Welsh broker Moorhouse has announced that it is looking to complement its organic growth with the acquisition of an insurance broker up to £5m gross written premium (GWP).
Knowlden Titlow remains independent after sale
Norwich based commercial broker Knowlden Titlow Insurance Brokers has confirmed future growth plans following its acquisition by Robin Plaster for an undisclosed fee on 20 May.
NIG enhances package products
NIG has relaunched its package products suite within its NIG Network broker system, with revamped products, a new ‘professionals’ product and an enhanced quote system.
Travel insurance fraudster sentenced
A travel insurance fraudster, accused of making £40,000 worth of claims affecting eight insurance companies over five years, has been sentenced.
Calling all UK brokers
There are only two weeks left to get your entries in for the 2010 UK Broker Awards, the only industry awards dedicated to the broking community.
Crawford appoints new managing director
Crawford & Company has appointed Greg Gladwell to the newly-created international position of managing director, Crawford Home.
Bridle Insurance expands into Wales
Bridle Insurance has announced the purchase of Swansea-based broker Associated Householders Services, which is better known as AHS Insurance.
Hastings announces £20m cash injection
Broker Hastings Direct has agreed a £20m three-year financing facility with Lloyds TSB Corporate Markets.
Capita receives Lloyd's approval
Capita Managing Agency, part of the Capita Group, has announced that it has received approval from Lloyd’s to manage live syndicates.
CNA unveils senior hires
CNA Insurance Company has announced the appointments of Paul Dowling and John Taylor to the newly-created roles of chief underwriting officer, commercial lines and chief underwriting officer, specialty lines, respectively.
CCV snaps up broker
Cullum Capital Ventures (CCV) has announced the acquisition of Hertfordshire-based brokers Humbergrove and Humbergrove UK.
Marsh launches insolvency practice
Marsh has launched a dedicated practice to provide risk and insurance advice to insolvency practitioners in the UK.
Equity Red Star appoints underwriting manager for Scotland
Equity Red Star has announced the appointment of Iain Torrance as underwriting manager for Scotland, heading up its fleet and motor accounts in the region. He will be based in the insurer’s Glasgow office which opened in April 2008.
Majority of SMEs have inadequate cover
Less than one in three (30%) small to medium sized enterprises (SMEs) in Europe believe they are insured in the event that a professional mistake leads to them being sued, according to research from Hiscox.
QBE addresses market rumours
QBE has issued a statement regarding its potential exposure to the Gulf of Mexico oil rig disaster and Insurance Australia Group's (IAG) announcement on motor liability claims.
LV opens new broker office in Exeter
LV Broker has announced it is opening a new office in Exeter and has appointed Steve Meredith as regional manager for the South West.
FPB issues World Cup advice
With the football World Cup just over a week away, the Forum of Private Business has advised its members to plan ahead for the likelihood that some employees will take more of an interest in their team’s fortunes than their duties and want to watch games…
Junction reveals "ambitious" growth plans
Junction said it aimed to more than double compound sales in next three years.
Groupama appoints new chief actuary
Groupama has appointed Niraj Shah as chief actuary. He takes over from Steven Blake who will be leaving the company at the end of June to take up a senior management appointment at RSA.
Chubb announces £41.5m Lloyd’s Syndicate
Chubb Insurance has announced that it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882. It will commence underwriting from 14 June for business incepting from 1 July 2010.
IAG boosts UK claims reserves
Insurance Australia Group (IAG) said that due to a "significant deterioration in UK claim experience", in particular bodily injury claims, it has conducted an independent actuarial review of its UK business.