Latest News – Page 736
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NewsBeach Point raises stake in ex-Quindell Watchstone
Beach Point Capital Management has increased its stake in Watchstone, formerly the Quindell group to more than 11%. The US hedge fund, which says it focuses on “complex and misunderstood opportunities” has more than doubled its holding in Watchstone since last September when new chief executive ...
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NewsHastings, Direct Line tipped as best motor performers post-Brexit
Hastings and Direct Line are better-positioned financially for Brexit than some of their motor insurer rivals, according to investment bank Berenberg. “Hastings and Direct Line look set to fare relatively well, while we note increasing pressure on esure’s solvency ratio and dividend,” analyst Iain Pierce wrote ...
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NewsPost-Brexit UK needs to match EU cyber protection rules
If the UK wants to compete with the EU on equal terms post-Brexit, UK data protection standards will have to match EU regulations, according to cyber protection firm NCC. “For the UK to do business with the EU, or any other country for that matter, it ...
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NewsCEGA expands fraud investigations team
Medical assistance and claims handling firm CEGA has appointed a special investigator and invested in fraud training. CEGA said George Laney will build on his experience in the company’s claims department and as senior claims advisor. High-level fraud training will be provided for claims and assistance ...
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NewsABI extends funding to initiative that tackles fraud
The ABI said it will extend the funding commitment to the Insurance Fraud Register (IFR) until 2020. The IFR, which is managed by the industry-sponsored Insurance Fraud Bureau (IFB), holds details of insurance fraudsters, suppliers and professional enablers. “The industry’s commitment to the IFR indicates that ...
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NewsMarsh appoints new global placement vice chair
Global insurance broker and risk adviser Marsh, a subsidiary of Marsh & McLennan Companies (MMC), has appointed Jeremy Cooke as vice chairman of global placement. Cooke will focus on critical growth areas including complex market negotiations on facilities, quota shares and key accounts. He was previously ...
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NewsAXA appoints new claims customer service director
AXA has appointed Kim Pearce as claims customer services director as part of its ongoing claims transformation programme. Pearce will be responsible for the operational management of mass motor, mass property and lifestyle claims. She was previously Allianz head of organisational management and has experience from ...
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NewsGallagher buys majority stake in Swedish broker
Arthur J Gallagher has bought an 85% stake in Swedish specialist insurance and reinsurance broker Brim. Gallagher said it is extending its investment in Scandinavia as it is an area of strategic development for the company. Brim was founded in 2001 and provides commercial property/casualty, credit/political risk ...
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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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NewsPound falls to new low amid insurer property fund suspensions
The pound has hit a new low after UK fund managers, including insurers Standard Life and Aviva, stopped investors withdrawing money from their commercial property funds. The pound was $1.2798 against the dollar on Wednesday, hitting a 31-year low. The BBC reported that the fall followed ...
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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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Online onlyInsurance Times Awards 2016 open for entries
There are 27 awards up for grabs at the UKGI’s most prestigious event!
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Online onlyIT Awards: No ‘higher accolade’ than Broker CEOs' CEO Award, says David Ross
Previous Broker CEOs’ CEO winner tells Insurance Times what it takes to be a good chief executive and the value of winning an award
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Online onlyIT Awards: David Newman on why being a specialist is key to growth
Previous Personal Lines Broker of the Year and IT Pack Member of the Year tells Insurance Times why it is ‘humbling’ to win two awards
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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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Online onlyIT Awards: Past winner Stevie Jeffrey on why passion is vital
Previous IT Pack Member of the Year winner tells Insurance Times why she won and why others should enter
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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 ...
