New risk consulting head for Marsh UK
by Richard Kilner
Story link: New risk consulting head for Marsh UK
Jeff Colburn has been appointed by Marsh to serve as its head of risk consulting practice, to take the place of George Davies who has moved on to become leader of the risk management practice.
Colburn’s London-based role will make him directly responsible to Marsh UK’s chief executive officer, Martin South, as well as John Merkovsky, […]
Marsh name Davies UK risk management chief
by Richard Kilner
Story link: Marsh name Davies UK risk management chief
Marsh has announced the appointment of George Davies to the position of risk management head for the UK.
Previously Davies held the role of risk consulting practice leader.
In his new post as risk management practice leader, he is to report directly to Artur Niemczewski, Marsh UK’s chief executive of Multinational.
Niemczewski has welcomed Davies’ appointment, praising his […]
Cowan joins Aon Consulting in Chicago
by Richard Kilner
Story link: Cowan joins Aon Consulting in Chicago
Aon Consulting Worldwide, the human capital consulting arm of Aon Corporation, has announced the appointment of Grace Cowan to the post of senior vice president and national director of the Life, Disability and Elective Benefits practice.
Cowan, who joins the Chicago office, brings a quarter of a century of experience to her new post.
She will be […]
Wheeler strengthens LIU’s D&O team
by Richard Kilner
Story link: Wheeler strengthens LIU’s D&O team
Liberty International Underwriters (LIU) have named Oliver Wheeler as the new vice president of Directors and Officers’ Liability.
He joins LIU, leaving behind a position in Spain with Chubb where he served as Madrid financial lines manager.
During his time with Chubb he also served as a D&O underwriter, and brings over a decade of industry experience […]
JLT acquires Harman Wicks & Swayne businesses
by Gill Montia
Story link: JLT acquires Harman Wicks & Swayne businesses
Jardine Lloyd Thompson (JLT), the insurance and reinsurance broker, has acquired HWS Holdings, a private owned broking firm based in London.
The purchase includes HWS’ Lloyd’s Broker subsidiaries, Harman Wicks & Swayne Limited (a London based reinsurance broker) and Harman Wicks & Swayne International Limited (a wholesale provider of insurance products for small and medium sized […]
AIG name Willumstad CEO
by Richard Kilner
Story link: AIG name Willumstad CEO
Yesterday American International Group (AIG) announced that Chairman Robert B. Willumstad had been appointed by the board of directors to the position of chief executive officer.
He is to succeed Martin J. Sullivan, who parts ways with both the firm and the board.
Sullivan successfully led AIG through a crisis three years ago, when he first assumed […]
NU withdraws “pay as you drive” policy
by Gill Montia
Story link: NU withdraws “pay as you drive” policy
Norwich Union has withdrawn its “pay-as-you-drive” motor insurance scheme.
The policy was launched at the end of 2006 and used new technology to lower accident rates by changing motorists’ driving patterns, and subsequently lower their insurance premiums.
With a global positioning system fitted in each policyholder’s vehicle, premiums were based on the distance driven, the time at […]
AIG chief resigns amid mounting losses
by Gill Montia
Story link: AIG chief resigns amid mounting losses
The world’s biggest insurance company, AIG, has lost its chief executive.
Following days of speculation, Martin Sullivan, who began his career as a clerk in AIG’s London Office, has resigned.
After nearly forty years with the company, he is being replaced with immediate effect by the group’s chairman, Robert Willumstad.
Mr Sullivan’s position became untenable as the […]
Allianz Commercial names new operations director
by Richard Kilner
Story link: Allianz Commercial names new operations director
Andrew Clayton has been named by Allianz Commercial as the firm’s new operations director.
The entirety of the operations conducted by the commercial division will become Clayton’s responsibility.
He joins the firm from Allianz SE in Munich, and will report directly to Chris Hanks, general manager.
In his previous job, he was tasked with leading Allianz SE’s global […]
Kroll’s founder retires from MMC
by Richard Kilner
Story link: Kroll’s founder retires from MMC
On Friday, MMC (Marsh & McLennan Companies) announced the retirement of Kroll’s founder, Jules B. Kroll, from MMC in July.
Chief executive officer and president of MMC, Brian Duperreault, praised Kroll’s contribution to the risk mitigation field.
Duperreault went on to congratulate Kroll on his firm’s leading position and wished him well for the future.
Kroll himself has […]
AXA launches PMI policy for under 18s
by Gill Montia
Story link: AXA launches PMI policy for under 18s
AXA has launched a private medical insurance (PMI) policy designed for children.
The group’s First Healthcare plan provides cover for children and young people up to the age of 18.
Existing PMI family policies do cover children but this new policy is believed to be the first of its kind because the premium reflects the age group […]
Genetic testing moratorium extended to 2014
by Gill Montia
Story link: Genetic testing moratorium extended to 2014
The Association of British Insurers (ABI) is extending its moratorium on the use of predictive genetic testing, to 2014.
The moratorium was established in 2001 and covers policies worth up to £500,000 for life insurance; £300,000 for critical illness insurance and £30,000 a year for income protection insurance.
The extension leaves consumers free to apply for […]
Corporate PMI cover lacks clarity on cancer cover
by Gill Montia
Story link: Corporate PMI cover lacks clarity on cancer cover
Private medical insurance providers (PMI) have been criticised for being less than clear about the cover they provide for members of company health insurance schemes who develop cancer.
Employee benefit consultant Mercer and charity Cancerbackup, have examined the corporate medical insurance offered by 11 leading UK PMI providers for transparency and clarity in the terms they […]
Equity launches insureblue for male cancer sufferers
by Gill Montia
Story link: Equity launches insureblue for male cancer sufferers
Equity Insurance Group has extended its personal lines range with the launch of insureblue, a travel insurance product aimed at men with prostate and testicular cancers.
The move follows the introduction last autumn of insurepink, a travel policy for women who have breast cancer.
Insureblue is aimed at the 55,000 men diagnosed with prostrate and testicular cancer […]
LV= promises annuity pension planners cash in five days
by Gill Montia
Story link: LV= promises annuity pension planners cash in five days
LV=, the mutual formerly known as Liverpool Victoria, has promised to pay all annuity pension planners their tax-free cash within five working days of receiving all funds and/or documentation.
The move forms part of LV=’s “money where its mouth is” campaign, which it launched in February.
The society is so confident of meeting its target that it […]
Brown & Brown announces Alpha Benefits acquisition
by David Masters
Story link: Brown & Brown announces Alpha Benefits acquisition
Brown & Brown, a US-based provider of insurance and reinsurance, has reported acquiring the assets of Alpha Benefits Group through a company subsidiary.
Pennsylvania-based Alpha Benefits Group provides individual and group employee benefits insurance. Its annual revenues are around $5 million.
Alpha Benefits will continue operating in its Pennsylvania offices as a freestanding independent branch of […]
Heath Lambert loses staff to Gallagher
by Richard Kilner
Story link: Heath Lambert loses staff to Gallagher
Heath Lambert has confirmed that it has permitted a number of employees from its international wholesale division Global Business Solutions to be freed from their contracts in order to join Arthur J. Gallagher International.
It is not known what sum was involved for the contractual release.
The move marks the last stage in Heath Lambert’s strategic direction […]
Insurance fraudsters identified as Flatliners
by Gill Montia
Story link: Insurance fraudsters identified as Flatliners
Absolute Fraud Management, which specialises in fraud prevention, has launched Flatline, a new product aimed at the insurance sector.
The company introduced psychology based methods into fighting fraud in the insurance industry in 2001 and its Flatline solution works by examining multiple layers of information using forensic, linguistic, behavioural and cognitive indicators.
It also incorporates data […]
L&G advise families to take protection insurance
by Richard Kilner
Story link: L&G advise families to take protection insurance
With the financial markets continuing to experience difficulties, Legal & General is advising families to take out suitable insurance to help protect their mortgage and lifestyle.
Anyone with a mortgage is likely to be worried about the situation should they need to remortgage soon, Bonnie Burns (product marketing director), said.
Burns went on to say that increasing […]
Raft of changes in Beazley’s upper echelons
by Richard Kilner
Story link: Raft of changes in Beazley’s upper echelons
Today Beazley Group plc has announced a number of executive personnel changes, with Andrew Beazley appointed deputy chairman.
Beazley’s present position of chief executive will be occupied by Andrew Horton, currently group finance director.
Both changes will take effect on 1 September of this year.
No successor is in place for the role of group finance director, although […]
