All Insurance Times articles in On-Line Archive – Page 1912
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NewsLaw firm DWF takes over insurance lawyers Fox Hartley
Law firm DWF said it is acquiring insurance lawyers Fox Hartley. Fox Hartley, which has 16 people including three partners, provides dispute resolution services for major insurer and manufacturer clients. The firm acts for UK and global insurers on catastrophic injury, aviation claims, property damage, business ...
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NewsMotor rates stall in first quarter - Confused.com
The rising cost of motor insurance has stalled for the first time in a year, according to the latest Confused.com Car Insurance Price Index. But the halt in price increases could just be a seasonal effect, the survey compilers said. The average comprehensive premium held at ...
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NewsBluefin buys four regional brokers
Bluefin has acquired four regional brokers since the start of this year. The AXA-owned broking group’s largest and most recent purchase is Liverpool-based commercial broker Exchange Insurance Services. It has also bought Yorkshire-based Alverton Insurance Brokers in January, and Scotland-based companies Wilbourn Insurance Services and Grampian ...
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NewsCooper Gay’s Lloyd’s broking chief to step down
Gordon Newman is to step down as chief executive of CGNMB, the Lloyd’s broking unit of Cooper Gay Swett & Crawford (CGSC), on 20 April. His responsibilities will be assumed by CGSC group chief executive Steve Hearn, subject to regulatory approval. Newman will remain at CGNMB ...
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AgendaInnovation blog: Work with start-ups, not against them
Kathy Yu of KPMG’s high growth technology group argues corporates need to follow in Google’s footsteps and embrace the ’soul, passion and speed’ of start-ups
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AgendaInnovation blog: 'Our job is not to explain the past, but to give you a guide to the future'
Dr Will Pettigrew and Dr Edmond Smith of Kent University’s Centre for the Study of the Political Economies of International Commerce (PEIC) explain how they plan to use pioneering research techniques to map the future of innovation in insurance
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AgendaInnovation blog: Diversity hits the bottom line
Let’s make 2016 the year for action on diversity, urges Dominic Christian, chief executive of Aon UK and chair of Inclusion@Lloyd’s
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NewsWatchstone rejects acquisition offer
Watchstone has rejected an ‘unworkable’ bid from a private company to buy all of its assets, excluding the actual and contingent liabilities. But the insurance technology firm has not ruled out further proposals from the company. In a statement the company said: ”Watchstone notes the recent ...
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NewsMarsh Networks boss Martyn Denney departs
Marsh UK head of networks Martyn Denney has left the company. Denney joined Marsh in May 2010 from Towergate where he was managing director of Broker Network Insurance Services. At Marsh he was responsible for the broker’s three main networks; Marsh Pro Broker, Marsh Labyrinth and ...
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NewsSaga motor unit reports 74.4% COR and 10.3% profit growth
Over 50s insurance provider Saga’s motor underwriting business made an operating profit of £82.8m in the year ended 31 January 31 2016, up 10.3% on the £75.1m it made the previous financial year. The division’s combined operating ratio was 74.4% an improvement of 3.5 percentage points ...
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NewsAXA expands African operations in joint venture with Chaucer
AXA is expanding its reach into Africa with the launch of a joint venture with Lloyd’s insurer Chaucer. The new venture, AXA Africa Specialty Risks, will be dedicated to covering specialty insurance lines in Africa, covering business such as political risks, energy and infrastructures. The partnership ...
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NewsDecline in reserve releases to hit motor insurer profits
A slow down in premiums in the first quarter of 2016 will hit motor insurer profits as prior year reserve releases from the highly profitable 2011-2013 period come to an end, analysts from investment bank Macquarie have said. Yesterday, the Confused.com price index showed that prices ...
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NewsMarkerstudy restructures retail division as Russell Bence resigns
Markerstudy’s retail division managing director Russell Bence is to leave on 30 April after 7 years with the company, triggering a restructure. Bence will not be replaced directly. The retail division, which employs 700 staff, will be restructured into four units. The four existing operations directors ...
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NewsAmTrust to buy Lloyd’s insurer ANV for £154m
US financial services group AmTrust has agreed to buy Lloyd’s insurer ANV for $218.7m (£154m) in cash from its current owner, Ontario Teachers’ Pension Plan. The deal is awaiting regulatory approval and is expected to be complete in either the third or fourth quarter this year. ...
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NewsMotorists do not trust driverless cars – survey
Most motorists do not trust the technology behind driverless cars, a new survey by motoring publication What Car? has found. Some 51% of respondents to the survey, published today, said they would feel unsafe or very unsafe behind the wheel of a self-driving car, while 45% ...
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NewsAnalysis: Insurers must deliver in a world of increasingly complex risk
Insurers need to work out how to offer the best cover in a world where risks are becoming more interconnected and increasingly volatile, writes sister publication Global Reinsurance
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NewsFCA strikes off two brokers for not paying fees
The FCA has cancelled the permissions of two general insurance brokers because they failed to pay outstanding fees. As a result, neither are allowed to continuing operating as brokers. Lester Evans of Barnet owed the FCA £1,694.44 in periodic fees and levies, which had been due ...
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NewsJohn O’Roarke gets £10m share of £39m award to LV= GI bosses
LV=’s outgoing general insurance managing director John O’Roarke has been paid a £10.1m share of a total £39.4m long-term incentive award paid to “certain key management personnel” of the company’s general insurance (GI) division. This meant O’Roarke had a total pay package from LV= of £10.7m ...
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NewsAdrian Colosso to support MGA’s UK broker push
Broking industry veteran and former Howden UK chief executive Adrian Colosso has joined specialist property managing general agent Inet3 as non-executive chairman. The MGA said Colosso, who left Howden at the end of July 2015, said Colosso will play a “pivotal role” in supporting it as ...
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NewsAndy Wallin joins Cooper Gay as commercial director
Former Brightside chief executive Andy Wallin has joined broking groups Cooper Gay Swett & Crawford (CGSC) as group commercial director. Wallin left Brightside in September 2015 after only eight months as chief executive. Before joining Brightside Wallin was managing director of Arthur J Gallagher’s direct business ...
