Latest News – Page 729
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NewsGable remuneration committee chair resigns
Non-executive diretor leaves troubled insurer’s board
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NewsLosing passporting will be ‘administrative nightmare’ says Biba
Biba outlines brokers’ key challenges as UK makes moves to exit the EU
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NewsAon broking profit rises 16% in first half
Aon’s broking division made an operating profit of $802m (£608m) in the first half of 2016, up 16% on the £691m it made in the same period last year. Revenue at the division, Risk Solutions, was flat at $3.7bn, but the profit was boosted by a ...
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NewsBrit profit almost triples as investment revamp pays off
Brit’s first-half profit nearly tripled as last year’s decision to invest more in government bonds paid off. The Lloyd’s insurer and reinsurer made an operating profit of $198.5m (£151m) in the first half of 2016, up 180% on the $70.9m it made in the same period ...
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NewsAXA replaces failed Enterprise on Bollington Underwriting products
AXA has replaced failed Gibraltar insurer Enterprise as capacity provider for certain commercial motor products offered by Bollington Underwriting, Insurance Times understands. Bollington Underwriting, an underwriting agency, is part of Macclesfield-based broking group Bollington. Bollington said in a statement that it had launched new single vehicle ...
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NewsBiba renews call for telematics IPT break as rates jump
Call comes after Q2 spike in motor premiums
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Online onlyWhat every insurer and broker should know: Sir Alex's people skills secrets that reduce risk
Sir Alex reveals some of the secrets to his success in his book Leading, and a major part of his strategy has been about eliminating risk
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Online onlySwiss Re slumps to underwriting loss as cat claims bite
New chief executive explains why world’s largest reinsurer had challenges in second quarter results
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Online onlyGallagher boss sees good market for growth as profits rise 5%
Gallagher chairman explains why broker is in a good position amid solid second quarter results
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NewsTighter regulation cuts CMC personal injury sector revenue by 31%
Government reveals why Personal injury CMC sector sector continues to shrink
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NewsWunelli selects Vodafone for telematics devices
Telematics provider Wunelli has chosen connected car services provider Vodafone Automotive as a supplier of hardware telematics devices and data. Wunelli’s products allow insurers and brokers to offer telematics-based motor insurance to customers. Vodafone will help Wunelli provide insurers with a greater choice of data collection ...
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NewsMarsh parent’s broking profit rises 7% in first half
The broking division of Marsh & McLennan Companies (MMC) made an operating profit of $1.03bn (£781m) in the first half of 2016, up 7% on the $960m it made in the same period last year. The division, which comprises insurance broker Marsh and reinsurance broker Guy ...
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NewsEnterprise liquidator advises policyholders to arrange new cover
The provisional liquidator of failed Gibraltar insurer Enterprise has advised policyholders to seek alternative cover. Frederick White, who was appointed provisional liquidator on Monday, said: “Insurance policies issued by Enterprise have not been cancelled or disclaimed but I am unable to currently pay any claims arising ...
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NewsAIG UK launches Brexit insurance
Insurer AIG UK has launched a Brexit add-on to its directors’ and officers’ liability (D&O) coverage. The add-on will cover the cost of legal challenges that might arise as a result of the UK’s decision to leave the European Union. For example, it would cover the ...
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NewsFCA probing former Quindell adviser Cenkos
Stockbroker Cenkos Securities has admitted that it is being investigated by the FCA following press reports that it faces a fine from the regulator over its work for insurance outsourcer Quindell. Cenkos was the house broker and nominated adviser for Quindell, now known as Watchstone, up ...
