Latest News – Page 746
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NewsEsure to review possible demerger of Gocompare.com
Esure announced a strategic review of its Gocompare.com business, including the possible demerger of the price comparison site it acquired full control over a year ago. The company said it has also appointed Matthew Crummack as chief executive of Gocompare.com, subject to to regulatory approval. “Now ...
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NewsBluefin Network hires new recruits
Bluefin Network said it has hired three new recruits to join its broking desk and insurer relationship teams. Andy Chapman, Chris Dawson and Danny Beeson join the Network from The Underwriting Exchange, Churchill and Hamilton Leigh respectively. Chapman and Dawson are based in Milton Keynes ...
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NewsTech & Innovation Awards 2016: Entry deadline next week
The deadline for entering the Insurance Times Tech & Innovation Awards is approaching fast, so be sure to get your entries in soon.
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NewsJLT hires professional indemnity veteran Martin Ellis from Willis
Jardine Lloyd Thompson (JLT) Specialty has hired professional indemnity veteran Martin Ellis as head of UK Professions in its financial lines division. Ellis who has 30 years’ experience in the market joins from Willis where he led the UK professional indemnity practice. He is the co-founder ...
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NewsGRP buys professional indemnity broker Cavendish Munro
Peter Cullum-backed consolidator Global Risk Partners (GRP) has bought London-based specialist professional indemnity retail broker Cavendish Munro Professional Risks. The acquisition is GRP’s fourth transaction this year following the Lonmar, McGrady and Synergy deals. The new deal will take GRP’s annual gross written premium to over ...
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NewsRSA hires Swiss Re underwriters to risk management team
RSA has hired Kevin Demmon as specialist underwriting leader and Rosie Dalton as property underwriter in its UK risk management team. Both join the insurer from Swiss Re. Demmon was a senior underwriter there, and Dalton was a property underwriter at the reinsurer’s insurance division, Swiss ...
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NewsGallagher bolsters aviation team with Willis hires
Arthur J Gallagher has hired long-serving Willis Towers Watson executives Mark Champion and Paul Rogers as divisional directors of its aviation unit. Champion has joined Gallagher this week after serving as Regional Director for Continental Europe for Willis Towers Watson, where he was responsible for a ...
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NewsJLT's Thistle PI team exits for MGA EUNA
Former members of the Towergate Underwriting PI team that left to join JLT-owned managing general agency (MGA) Thistle Insurance have now left the MGA to join underwriting firm EUNA. The team led by Peter Newson and supported by Mark Richardson and Allison Britz had joined Thistle ...
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NewsIngenie a bright spot in tough year for former Quindell
Telematics broker Ingenie was the only division of recovering technology firm Watchstone to report an underlying profit for 2015. Ingenie reported underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of £484,000 in 2015, a turnaround from the £820,000 loss it made the previous year. ...
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NewsTysers chairman questions client value of big broker facilities
Lloyd’s broker Tysers chairman Christopher Spratt has called into question to client value offered by big brokers’ placement facilities. The facilities, which include the Aon Client Treaty and Willis Global 360, grant participating underwriters access to certain sections of brokers’ business on pre-agreed terms. The facilities ...
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Online onlyTech & Innovation Awards: Looking for this year’s technology stars
Nominations for the 2016 Tech & Innovation Awards close soon. Last year’s winners talk about the difference an Insurance Times Technology Award has made
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NewsBrexit poses ‘grave threat’ to London insurance market
Britain leaving the European Union poses “a grave threat” to jobs and business in the London insurance market, according to Lloyd’s, the International Underwriting Association of London (IUA) and insurer Fidelis. UK voters will decide whether or not to leave the EU in a referendum on ...
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NewsEx-AIG chief Hank Greenberg faces New York fraud trial
Former AIG chief executive Maurice ‘Hank’ Greenberg faces a civil fraud trial in New York relating to his tenure at the insurance group. The New York Court of Appeals ruled yesterday that Greenberg, currently chief executive of insurance group CV Starr, must stand trial over 11-year-old ...
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NewsTeenage 'ghost broker' jailed for a year for faking Allianz policies
A 19-year-old ‘ghost broker’ from Walsall has been jailed for a year for selling fake motor insurance to unsuspecting customers, leaving them uninsured and illegally driving on the roads. An investigation by the Insurance Fraud Enforcement Department (IFED) discovered that Azeem Mahmood Hussain was selling false ...
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NewsBroker Service Survey: Have your say about insurer partners
Insurance Times is launching the survey for the 2016/17 Broker Service Survey (BSS), now in its 11th year. Over the next few weeks, more than 1,000 brokers across the UK will be asked to rank the performance of their insurer partners across a wide spectrum of ...
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NewsBarclays Corporate Banking names new UK insurance heads
Barclays Corporate Banking has named James Morris as head and Dan Broome as deputy head of its UK insurance team. The team manages banking relationships with insurers and brokers and provides financing, banking and financial risk management services. The new roles were created following a team ...
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NewsSwiss Re insurance arm launches UK-specific cyber cover
Swiss Re’s insurance unit Swiss Re Corporate Solutions has launched a primary cyber risk protection product specifically for the UK market. The new product, called CyberSolutions UK, combines insurance with risk mitigation and remediation services and is aimed at mid-sized and large companies. Swiss Re Corporate ...
