The stories hitting the headlines this week ...
Departure
Aon-owned broker Footman James’s managing director, Paul Matthews, has resigned, Insurance Times reported. Matthews, who spent six and a half years as boss of the classic car broker, is currently on gardening leave.
Retirement
Beazley co-founder Nicholas Furlonge has retired from the board of the Lloyd’s insurer. Furlonge, who was executive director in charge of risk management, co-founded Beazley, Furlonge & Hiscox in 1986.
Rebrand
Heath Lambert has rebadged as Gallagher Heath following its acquisition by Arthur J Gallagher in May.
Shake-up
Under a Treasury reform of the Controlled Foreign Company rules, unveiled last week, UK-based companies will no longer be subject to UK taxes on profits arising from genuinely offshore economic activities. The move is part of a package of proposals, which is out for consultation.
Exodus
A four-strong team from Towergate Risk Solutions has quit to establish a new corporate risks division at Oyygen Insurance Brokers. The new division will cover London, East Anglia and the South East.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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