Insurer News – Page 286
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News
Hamilton to take over Sportscover’s Lloyd's agent and sister broker
Sportscover will continue to provide its Lloyd’s syndicate with sport and leisure business
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TEn 'secures future' as it completes employee-ownership programme
TEn’s employee benefits trust owns almost 70% of the shares in the company
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DUAL hires Stephen Bonnington to head up PI division
The MGA has also hired professional indemnity veteran Peter Holt as chairman
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Hiscox launches new bike offering on broker comparison site
Bikmo Plus will be available through Butterworth Spengler’s aggregator Bikmo.com
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Direct Commercial extends capacity with Great Lakes deal
Third capacity provider for motor fleet MGA
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Brightside hires Lloyds Bank underwriting manager to grow home book
Chris Gardner will be responsible for building and pricing home insurance products
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Markel launches first solo cyber product and new technology liability cover
Insurer targeting emerging market risks
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Lloyd's broker EPG expands and rebrands to Shepherd Compello
Shepherd Compello wants to expand into marine cargo, high net-worth and commercial property
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Allianz UK appoints head of telematics
Corporate partner strategy manager Glen Clarke promoted to new role
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LV= to get closer to brokers with marketing director promotion
The insurer says its new insight programme will help it gain a better understanding of brokers’ changing needs
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Online only
Two-thirds of motorists making driving blunders during floods
AA warns that 60% of drivers are still taking unnecessary risks by driving through flood water
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Capita Insurance boss Nick Greatorex promoted to group finance director
Greatorex will be replaced by executive director of health and wellbeing Jim Vincent
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Gibraltar insurer Octagon seeks capital as solvency margin drops below 100%
In another development, sources suggest firm is seeking a buyer
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Lloyds Bank to cut 1,250 critical illness and income protection roles
Bank to stop selling protection insurance as a standalone product
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Nicolas Aubert to replace Steve Hearn as Willis UK Insurance boss
Aubert is currently AIG Europe, Middle East and Africa (EMEA) chief operating officer
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AXA launches new data tool to help brokers assess risk of new business
Brokers will get to see information ranging from; financial performance to flood, subsidence and theft issues
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Aviva to axe 30 jobs from Belfast office
The roles affected will be in the claims department - according to reports
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Former Bluefin director completes MBO of Bradford-based broker
Marshall Sugden wants to grow Packetts, formerly Sydney Packett & Sons, to be a £20m premium income broker
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Diversification boosts Catlin GWP by 11% despite rates decrease
The rates across Catlin’s entire portfolio decreased by 2.9% during the nine-month period
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Insurance companies owed £429,051 by collapsed London broker
The FCA cancelled EPLS’ permission to sell financial services in September