What are the big stories hitting the headlines this week?

Bill

Ex-justice secretary Jack Straw’s 10-minute bill to reform motor insurance regulation ran into the sand this week after the government objected to its further progress through the House of Commons.

Restructure

AIG-owned Chartis has restructured itself into three regional groups: the Americas, Asia and Europe, the Middle East and Africa (EMEA). Chief financial officer Robert Schimek has been named EMEA chief executive officer, with current Europe head Lex Baugh becoming chief risk officer.

Tussle

AXA and ACE are battling to buy HSBC’s Holdings Plc’s non-life insurance operations, while QBE is considering a bid for the business, according to Bloomberg.

Go ahead

The High Court has approved US broking group AmWINS’ acquisition of Lloyd’s broker THB. It takes the deal, struck between the two brokers last November, a step closer to completion.

Appointment

Talbot Underwriting chief executive Rupert Atkin has been appointed the new chairman of the Lloyd’s Market Association. He takes over from Barnabas Hurst-Bannister next Wednesday (1 February).

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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