News
$50bn fraud could hit insurance hard
JLT has warned that Bernard Madoff's alleged $50bn fraud could potentially have a huge impact on the insurance market.
Aon warns of claims hotspots
Aon has warned companies to brace themselves for several claims hotspots with fraud on the increase coupled with spiraling legal claims.
Zurich Financial changes name and status in Ireland move
Zurich Financial Services Group has confirmed that Zurich Insurance Ireland, the group's Ireland-based European general insurance risk carrier, will be changing its name and incorporation status to Zurich Insurance Public Limited Company (ZIP) with…
IIB slams unlimited compensation awards proposal
The Institute of Insurance Brokers (IIB) has voiced strong opposition to unlimited compensation awards as part of its response to the Financial Services Authority (FSA) consultation paper - Financial Services Compensation Scheme (FSCS): review of limits.
Flood defence plans brought forward a year
The Environment Agency has announced the flood defence projects in England are to be brought forward a year.
Maidment reappears at CNA
CNA Insurance Company has appointed former Allianz director, Paul Maidment, to the newly-created role of regional director, UK & Ireland.
Gocompare extends car insurance panel
Gocompare.com has added nine new insurance brands to its car insurance comparison service.
Bollington aims for 50% wholesale growth
Bollington has embarked on an ambitious program to grow its wholesale arm by 50% next year.
Unanimous approval for Liiba launch
London Market Brokers voted unanimously to form a new, independent organisation to be launched on 1 January.
Giles acquires Arnott Commercial Insurance and Arnott Marine
Giles has acquired Arnott Commercial Insurance Services and Arnott Marine (Arnott). Gerard O'Connor, managing director of Arnott will continue to run the business within Giles following the acquisition.
Sonae increases investment in Cooper Gay
Cooper Gay has announced that MDS, SGPS, SA a subsidiary of the Portugese corporation Sonae SGPS, has increased its investment and shareholding in the company from 13.68% to 32.12%. However, the terms of the further investment were not disclosed.
QBE appoints European Operations COO
QBE European Operations has confirmed that Kathy Lisson will be joining the company as chief operating officer from 1 June 2009.
Mason makes return after landing top Moneyextra role
Former director of insurance at Moneysupermarket.com, Richard Mason, has been appointed as MD of Moneyextra.com, Insurance Age has learnt.
Heath Lambert creates renewable energy team
Heath Lambert has formed a new renewable energy team within its retail national division, to be headed up by Paul Marsh.
RAC launches hybrid vehicle trial into fleet
RAC has claimed it is the first recovery company to introduce hybrid vehicles into its fleet as part of a wider initiative to reduce CO2 emissions.
Axa investigates 400 motor claims in anti-fraud effort
Axa has assembled a specialist anti-fraud team and begun investigating over 400 motor accident cases where fraudulent activity has been suspected, as part of a wider industry effort to curb so-called "crash for cash" scams.
“Crash for cash” conspirators sentenced to prison
A joint operation between the Insurance Fraud Bureau (IFB) and West Yorkshire Police has concluded at Bradford Crown Court.
Axis restructures specialist adjusting divisions
Axis has restructured its specialist adjusting divisions with the aim of strengthening its operations in the UK and internationally.
Up to 700 jobs to go as Aon completes acquisition of Benfield
As much as 700 jobs will go as part of Aon's takeover of Benfield, Aon said in a statement.
LV confirms expressions of interest for Hero business
LV has confirmed that it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance as exclusively reported by Insurance Age . LV completed the acquisition of Highway in October 2008.
Appointment at Allianz Insurance
Allianz Insurance has appointed Richard Foulerton as corporate social responsibility manager. Fouler...
Appointment at Cooper Gay
Cooper Gay has recruited Matthew Whyte. He joins the reinsurance division with 21 years' experience ...
Appointment at Liberty Mutual Insurance Europe
Liberty Mutual Insurance Europe has recruited Frederique-Marine Bannes as claims manager. Bannes joi...
Appointment at Hiscox
Hiscox has announced that Dr Carol Franklin Engler has retired as a non-executive director of Hiscox...