All Insurance Times articles in On-Line Archive – Page 1913
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NewsInsurers lose legal battle over Sony warehouse riot fire
Insurers have lost their battle with London mayor Boris Johnson over the payout for the Sony warehouse fire in Enfield following the August 2011 riots. This means insurers, not Johnson’s office, will have to foot the bill for loss of profit and rent related to the ...
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NewsMarkerstudy’s Russell Bence joins Brightside
Markerstudy retail managing director Russell Bence, whose departure was announced yesterday, is to join broking group Brightside as managing director of volume lines. Bence will start his new role in May. Brightside executive chairman Mark Cliff said: “I was looking for an MD with broking in ...
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NewsAviva relaunches high net worth unit as Aviva Private Clients
Aviva has relaunched its high net worth business under the brand Aviva Private Clients. The division will have a dedicated managing director, Adam Beckett, and a dedicated team, of underwriters. The insurer will upgrade its suite of high net worth products, which are branded Distinct, and ...
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NewsPensioner behind Munich Re agency bomb hoax jailed
A pensioner who carried out a bomb hoax against a Munich-Re owned underwriting agency has been jailed for 16 months. Liverpool Crown Court heard David Norris, 74, had long harboured a grudge against Groves, John & Westrup (GJW), which had rejected his £168,000 claim after his ...
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NewsEnterprise to expand in UK following Italy and Ireland exits
Enterprise Insurance Company (EIC) is planning to expanding its niche commercial vehicle products to UK brokers on the Open GI and SSP platforms as it has exited a number of partnership in Italy and Ireland. Underwriting director Martin Kennedy said the exits had provided the insurer ...
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NewsTony Allen shifts focus to A&A’s Gibraltar insurer in reshuffle
A&A Group chief executive Tony Allen is shifting his focus to the group’s Gibraltar-based insurer, Mulsanne Insurance Company, as part of a reshuffle. The company has also named Paul Twilley as Mulsanne’s claims director. Key points A&A has bought failed Gibraltar insurer Service’s UK ...
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NewsMarsh-owned Jelf names new direct and network heads
Marsh-owned Jelf has appointed Duncan Carter to the role of Direct and Partnership (D&P) chief executive. The newly created division comprises Jelf’s Purple Partnership and Marsh’s three networks: Marsh ProBroker, Marsh Labyrinth, and Marsh Connections. It also includes Marsh and Jelf’s affinities businesses and online broker ...
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NewsRSA planning to halve UK staff redundancy payouts
RSA is planning to halve the amount of redundancy pay for staff who joined the company before April 2013. The insurance group is also planning to stop paying new contributions into its defined benefits pension schemes from 31 October 2016. RSA will consult staff on the ...
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FeaturesAnalysis: Staying relevant is key issue for Broker 50
Insurers want brokers to demonstrate the value they add, and creating innovative new products is one way for brokers to stay relevant – if insurers will back them
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Online onlyHiscox poaches UK finance chief from Pru
Hiscox has landed a recruitment coup by poaching Prudential’s UK and European financial officer. Hiscox has landed Hamayou Akbar Hussain, known as Aki, to head up its finance. Hussain will lead the and development of the financial team and oversee the insurer’s investments. Bronek Masojada, chief ...
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NewsCullum's MVP takes stake in broker Kingsway
Peter Cullum-backed investment vehicle Minority Venture Partners (MVP) has bought a stake in commercial insurance broker Kingsway Insurance Services. The size of the stake was not disclosed but MVP typically buys minority holdings in brokers of between 20% and 30%. Kingsway plans to use the new ...
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NewsEx-manager to get £45,942 from broker for unfair dismissal
A broker has won an unfair constructive dismissal case against her former employer Abbey Insurance Brokers. Anne McLarnin, who worked had worked for Northern Ireland broker Abbey for 12 years, claimed she felt ‘shafted’ and was forced to resign as manager of Abbey’s Newforge branch. The ...
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NewsCovéa’s Carol Geldard promoted to personal lines director
Covéa Insurance retail distribution director Carol Geldard (pictured) has been promoted to personal lines director. Geldard will take up the newly-created role on 1 June this year. In her new job Geldard will have executive responsibility for the UK insurer’s direct and brokered personal lines offering. ...
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NewsPIB completes Fish and Cooke & Mason deals
PIB Insurance Brokers has completed its previously-announced acquisitions of commercial broker Cooke & Mason and specialist personal lines broker Fish Insurance. The deals, which were announced in February, have received regulatory approval. They are the first acquisitions PIB has made since private equity house Carlyle Group ...
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NewsBrightside names ex-rugby player as head of ProSport business
Brightside has hired ex-rugby player Guy Horchover as head of ProSport, a subsidiary of the broker that places insurance for professional and amateur sports people. Prior to joining ProSport Horchover has held sales and marketing roles at Aegon (2005-2015), Marsh, Willis, GE Insurance and Prudential. In his new role Horchover ...
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NewsInsurance Times scoops award at CII Public Interest Awards 2016
Insurance Times Fraud Charter won The Best Campaign in the Public Interest – Press award at the CII Public Interest Awards last night. Receiving the award [pictured] from left to right are: Insurance Times brand editor Martin Kornacki, senior reporter Ima Jackson-obot, Covéa head ...
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NewsMan used fake policies to steal £200k-worth of hire cars
A Lancashire man has pleaded guilty after being caught stealing identities, setting up fake insurance policies and stealing hire cars with a collective value of more than £200,000. Naveed Shah, 37, of Blackburn Road, Great Harwood, Lancashire, pleaded guilty to two counts of conspiracy to make ...
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NewsUK General: Technology driving growth in schemes market
Technology is driving growth and change in the UK schemes market, according to the latest survey of scheme brokers by personal lines schemes underwriting agency UK General. The survey 314 broking firms, conducted in association with Insurance Times between 15 February and 27 March this year, ...
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NewsHenry Engelhardt and Peter Wood rise up Rich List
Outgoing Admiral chief executive Henry Engelhardt is the richest insurance executive in the UK, according to the latest edition of the Sunday Times Rich List. According to the list, Engelhardt and his family are worth £700m, up from £590m in 2015’s list. This has pushed them ...
