Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 21st of January 2018
June 30, 2011

BMW and Allianz announce new partnership

by Richard Kilner

Story link: BMW and Allianz announce new partnership

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 […]



Bancassurance “core part” of revitalised Lloyds proposition

by Gill Montia

Story link: Bancassurance “core part” of revitalised Lloyds proposition

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 establishes Saudi base

by Gill Montia

Story link: RFIB establishes Saudi base

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 launches European real estate practice group

by Gill Montia

Story link: JLT launches European real estate practice group

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 […]



June 29, 2011

Chubb launches data breach service

by Richard Kilner

Story link: Chubb launches data breach service

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 named Insurance Broker of the Year

by Richard Kilner

Story link: Marsh named Insurance Broker of the Year

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 teams up with ABBT

by Brian Turner

Story link: Jelf teams up with ABBT

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 […]



Financial services consolidation tempts private equity managers

by Gill Montia

Story link: Financial services consolidation tempts private equity managers

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 embarks on Turkey mission

by Gill Montia

Story link: Lloyd’s embarks on Turkey mission

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 announces CFO departure

by Gill Montia

Story link: Zurich announces CFO departure

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 […]



June 28, 2011

Aspen appoints UK Distribution Manager

by Richard Kilner

Story link: Aspen appoints UK Distribution Manager

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 […]



QuestGates launches Corporate Claims Solutions

by Richard Kilner

Story link: QuestGates launches Corporate Claims Solutions

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 […]



LMI appoints Bristol regional manager

by Richard Kilner

Story link: LMI appoints Bristol regional manager

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 bans referral fees

by Gill Montia

Story link: AXA bans referral fees

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 […]



Hiscox estimates US tornado claims at £35m

by Gill Montia

Story link: Hiscox estimates US tornado claims at £35m

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 […]



Risk managers’ federation elects new board members

by Gill Montia

Story link: Risk managers’ federation elects new board members

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 launches Memphis unit

by Gill Montia

Story link: Lockton launches Memphis unit

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 […]



Barclays appoints insurance & investments commercial director

by Gill Montia

Story link: Barclays appoints insurance & investments commercial director

Barclays has appointed Greg Beecham to the newly-created position of commercial director, UK insurance and investments. Mr Beecham joined the bank as a graduate in 1987 and henceforth will lead the development of products in these areas of business, reporting to the group’s managing director of insurance and investments, Paul McNamara. In other Barclays news, […]



June 27, 2011

Standard Life appoints Technical Insight head

by Richard Kilner

Story link: Standard Life appoints Technical Insight head

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 […]



New regulator to be tougher and bolder

by Gill Montia

Story link: New regulator to be tougher and bolder

The Financial Services Authority (FSA) has today outlined the approach of its successor body, the Financial Conduct Authority (FCA), which promises to be “tougher, bolder and more engaged with consumers”. The FCA will assume responsibility for protecting consumers and for markets’ regulation from the end of 2012, and in line with a recently published government […]