All articles by Ben Dyson – Page 40
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NewsHowden UK chief operating officer departs
Howden UK Group’s chief operating officer Stephen Reid has left the company, Insurance Times has learned. A spokeswoman for parent group Hyperion confirmed Reid’s departure and said that the company wished him well. Reid joined Howden UK as chief operating officer in June 2014. He had ...
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NewsInsurers ‘leading charge’ on Women in Finance Charter
Fifteen companies from the insurance industry have signed up to the government’s new Women in Finance charter, unveiled today. This means that the insurance industry is “leading the charge” for gender diversity, the Treasury said in a statement announcing the charter. The list includes big-name insurers ...
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NewsGovernment launches automated car insurance consultation
The government has launched a consultation on rule changes that will pave the way for automated cars to be used on the country’s roads. Under the proposals, rules will be changed so automated vehicles can be insured for road use. The Highway Code and regulations will ...
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NewsLondon market electronic placing platform goes live
PPL, an electronic placement platform for the whole London market, has started trading today. Brokers and underwriters are now exchanging information on standalone terrorism risks, the first class of business to go live on PPL. Electronic placement of risks has long been an aim of the ...
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NewsBluefin buys former network member Osbornes
Bluefin has bought former Bluefin Network member Osbornes Insurance Oxford for an undisclosed sum. The broking group said the acquisition of the Thame-based company would add a “significant” commercial broking office to its presence in the Oxford area. Bluefin has retained all Osbornes staff and Osbornes ...
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NewsAviva unveils UK GI profit growth targets for 2020
Aviva has outlined the underwriting profit growth targets it wants to achieve in its UK general insurance business between now and 2020. The insurer told analysts at its capital markets day on Wednesday that it expected its personal specialty business to produce the most profit growth ...
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NewsTowergate names new chief risk officer
Towergate has hired former Chubb Europe executive Brian Hardwick as its new chief risk officer. He replaces Sarah Dalgarno, who was appointed head of a new unit to tackle the broking group’s old liabilities in May. Hardwick has been chief risk officer at insurer Chubb Europe ...
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NewsMark Wilson confident of Aviva growth despite Brexit
Aviva group chief executive Mark Wilson has said that his company will continue to grow despite the UK’s pending exit from the European Union. Wilson (pictured) made the comments ahead of Aviva’s capital markets day today, where the company will update investors and analysts on group ...
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NewsMalta's Building Block hopeful of keeping UK trade links post-Brexit
Maltese insurer Building Block is hopeful of maintaining trade links with the UK once the UK leaves the European Union (EU), chief executive Paul Brierley said. Malta is an EU member state and Building Block writes business in the UK through the European Economic Area (EEA) ...
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NewsABI to attend Sajid Javid’s Brexit roundtable tomorrow
The ABI will join Lloyd’s at the Department for Business, Innovation and Skills Brexit roundtable tomorrow morning. The roundtable will be chaired by business secretary Sajid Javid. Lloyd’s revealed last week that it had been invited to the roundtable. Other attendees will include financial services lobby ...
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NewsBrightside to launch online van product on aggregators
Brightside will launch its online van product on price comparison site Compare the Market tomorrow (6 July). The broking group’s van proposition director Neil Laird said the company is expecting to sign deals with other major price comparison sites “during the next few months”. Brightside launched ...
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NewsBrightside to sell and lease back Bristol HQ in £7.7m deal
Broking group Brightside is to sell and lease back its headquarters in Aust, Bristol (pictured) to free up cash, Insurance Times has learned. The property agent for the deal, Jones Lang LaSalle, said it has been instructed to seek offers of more than £7.68m for the ...
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NewsBrightside loses Co-op commercial vehicle deal to Miles Smith
Brightside has lost the deal to arrange van, taxi and minibus cover for Co-op customers to Lloyd’s broker Miles Smith, Insurance Times can reveal. Previously, Brightside brand Commercial Vehicle Direct (CVD) arranged the van cover, while the broking group’s One Insurance Solution brand arranged the taxi ...
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NewsAXA’s Blanc and RSA’s Lewis join ABI board as Evans and Hester exit
AXA UK chief executive Amanda Blanc and RSA UK and western Europe chief executive Steve Lewis have joined ABI’s board. Former AXA UK chief Paul Evans, who has moved to become AXA’s global life, health and savings head, will step down as ABI chairman at the ...
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NewsZurich UK GI boss Vibhu Sharma to leave
Zurich UK general insurance chief executive Vibhu Sharma is leaving the company “to continue his career outside the group”. Conor Brennan, currently Ireland general insurance chief executive, will take over from Sharma from the end of July. The move closely follows the appointment of Anne Torry ...
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NewsGRP agrees not to hire Bluefin staff until next year
Broking group Global Risk Partners (GRP) has agreed not to approach, recruit or hire any staff from rival broker Bluefin until next year following the pair’s recent court battle. Bluefin sued GRP, its broking chief executive Mike Bruce (pictured), Bluefin executives Mark Rogers and Suzanne Powell, ...
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NewsCooper Gay puts 70 jobs at risk as turnaround continues
Cooper Gay has put 70 London-based jobs at risk of redundancy as it continues to restructure, Insurance Times understands. The broking group employs 400 staff in London, where it is headquartered. The news comes as Cooper Gay continues work to turn itself around under new chief ...
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NewsBrightside puts 50 jobs at risk in restructuring
Broking group Brightside has put 50 jobs at risk as part of a restructuring programme for its non-customer-facing functions. The functions affected by the restructure include IT, marketing and finance. The formal consultation period for the potential cuts will begin mid-July and the final decision announced ...
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NewsQBE: Brexit may require “revised approach” for £500m of premium
QBE has warned that it may have to take a “revised approach” to around £500m of the insurance and reinsurance premium it sources from the EU following the UK’s decision to leave the bloc. This could involve writing the business through new EU-licensed entities, the insurer ...
