BMW Financial Services and Allianz Insurance have announced a new partnership to provide BMW and MINI drivers in the UK with Car, Home and Travel Insurance products. BMW has an arrangement with Allianz that includes Shortfall, Income Protection and Tyre Insurance and other services. Under the terms of the new agreement Allianz will underwrite the [...]
Lloyds Banking Group says it intends to make bancassurance a core part of its proposition, and will therefore be building specialised advisor teams to better address customers’ needs. The part taxpayer-owned bank has today announced the results of a strategic review that will cost 15,000 jobs worldwide and result in £1.5 billion of annual savings [...]
RFIB has established an office in Riyadh, having recently been granted an intermediary licence by the Saudi Arabian Monetary Agency to conduct insurance and reinsurance business in Saudi Arabia. The new unit is headed by Anthony Harris, a former British Ambassador to the United Arab Emirates, who has worked for RFIB in the Middle East [...]
JLT Specialty has launched a European real estate practice group, drawn from its established real estate team in London and its network partners throughout Europe. The move should enhance services to existing clients across Europe by improving understanding of the different insurance and legal regimes in various territories. It should also allow JLT to capitalise [...]
Businesses suffering a data breach will now be able to take advantage of a new offering from the the Chubb Group of Insurance Companies. Should a data breach occur, the service would refer business managers to a specialist law firm who would then carry out a free 30 minute assessment and suggest steps to help [...]
Marsh has been named the Insurance Broker of the Year at the St Nick North West Turnaround Awards. The Awards, held in Manchester’s Museum of Science and Industry, were given after voting by insolvency and turnaround professionals. Marsh was recognised for its Private Equity and Mergers & Acquisitions (PEMA) Practice and Insolvency Practice, provided to [...]
Jelf has been appointed as the approved broker for the Association of British Theatre Technicians (ABBT), its first partnership in the creative sector. The move supports Jelf’s expansion within the affinities market and is in line with its growth strategy. Jelf worked closely with the ABTT to develop a bespoke insurance package for their 1,700 [...]
New research from Grant Thornton suggests that most private equity managers are considering acquiring a financial services business in 2011, with nine out of ten respondents expecting deal volumes in the sector to increase in the short to medium term. The majority of those questioned also predicted that valuations will rise. In a report entitled [...]
Lloyd’s is organising a fact-finding mission to Turkey in July, to explore the market’s potential from a direct insurance perspective. The country is experiencing rapid economic development and over 40 underwriters and brokers are signed up for a visit to the “exceptional emerging market”. According to Lloyd’s head of southern and eastern Europe and Africa, [...]
Zurich has announced that Dieter Wemmer, its chief financial officer and regional chairman of Europe, is to pursue new opportunities elsewhere and will be leaving the group by the end of the year. Commenting on the news, Zurich chief executive officer, Martin Senn, says: “Dieter has made invaluable contributions in his many roles both in [...]
Aspen Insurance has announced the appointment of Jonny Atkinson as the firm’s new UK Distribution and Business Development manager. He brings more than two decades of experience to the position, and was most recently with RK Harrison Group where he helped establish the new ExecPro Division. Six years ago he joined Willis, leading the Bermuda [...]
Specialist loss adjuster QuestGates has launched a new Claims, Loss Adjusting and Risk Management service intended to cater to the needs of corporate organisations. Corporate Claims Solutions has been developed from feedback received from QuestGates’ clients, and builds upon the firm’s experience in the field of claims management services. The new service provides corporate clients [...]
Liberty Mutual Insurance (LMI) has announced the promotion of Martino D’Aliesio to the position of regional manager for its Bristol office. The appointment was made to fill the gap left by his predecessor, Jonathan Powell, who has moved back to Australia. D’Aliesio joined the firm six years ago and prior to his promotion was regional [...]
AXA has announced that it will no longer accept referral fees from personal injury lawyers, as it continues to call for whiplash injury reform. The insurer has never sold customer details to personal injury lawyers or accident management companies, and with immediate effect will no longer accept fees from personal injury lawyers when it puts [...]
In a trading update, Hiscox has announced that net claims arising from April and May tornadoes in the US will be in the region £35 million. In addition, the international specialist insurer has responded to “considerable uncertainty” around the Japanese earthquake by reserving $150 million, in accordance with the upper-end of its modelling range. With [...]
The Federation of European Risk Management Associations (FERMA) has elected three new board members, who will serve from now until June 2014. They are: Helle Friberg of the Danish association DARIM; Igor Mikhaylov from the Russian association RUSRISK and Arnout van der Veer from the Dutch association NARIM. Both Igor Mikhaylov and Arnout van der [...]
Lockton has launched a new unit in Memphis, US, that aims to provide commercial insurance, risk management and employee benefits services for clients regionally, nationally, and internationally. The business is headed by Joe Lammel, a Memphis community leader and long-time insurance brokerage executive who has spent more than 30 years with Marsh, most recently as [...]
Standard Life has announced the appointment of Julie Hutchison as the head of Technical Insight, a position that has been newly created in response to rising demand for the firm’s international propositions. In her new role Hutchison will be tasked with shaping the firm’s international offering, taking into account the wealth structuring needs of families [...]
