Groupama offers tips to avert burst pipes
by Richard Kilner
Story link: Groupama offers tips to avert burst pipes
Groupama Insurances has alerted policy householders to pre-emptive measures they should take to help avert burst pipes due to the freezing winter weather. The firm advises homeowners to keep their heating on a high enough level to prevent freezing occurring, lagging pipes and insulating vulnerable areas, and to check plumbing joints. Head of Household at [...]
£2.4bn of presents to be hidden in cars this year
by Richard Kilner
Story link: £2.4bn of presents to be hidden in cars this year
New research from Allianz Your Cover has found that Britons will hide Christmas presents worth a total of £2.4bn in their cars this year. The survey of 2,000 people found that 30% hid their presents in the car, and 28% left them on display and unsecured in the vehicle, heightening the risk of theft. Toys [...]
BGL appoints HR director
by Richard Kilner
Story link: BGL appoints HR director
The BGL Group has announced the appointment of Catherine Lynch as a new Executive Team member and the firm’s Human Resources director. She joins the firm from Barclaycard, where she worked most recently as HR director for the UK and Europe. Earlier in her career Lynch worked for seven years as Santander’s HR director, as [...]
Beazley announces new property division leader
by Richard Kilner
Story link: Beazley announces new property division leader
Beazley plc has announced that Jonathan Gray, leader of the property division for 20 years and a director for the last 11, has indictaed his intention to resign from the board in July of 2013. Gray will retain his position as a director of the group’s Lloyd’s managing agency, Beazley Furlonge Limited. He is to [...]
ABI welcomes Government moves on whiplash fraud
by Richard Kilner
Story link: ABI welcomes Government moves on whiplash fraud
The Association of British Insurers (ABI) has said that the Government is on the right track to respond to rising whiplash claims. ABI Head of Motor and Liability James Dalton responded to the publication of a Government consultation to tackle rising whiplash claims by saying the organisation was pleased the Government recognised the need for [...]
AIG to sell up to 90% of ILFC
by Richard Kilner
Story link: AIG to sell up to 90% of ILFC
American International Group, Inc. (AIG) and an investor group led by Mr. Weng Xianding, New China Trust Co. Ltd. chairman, have announced an agreement whereby AIG will sell up to a 90% stake in International Lease Finance Corporation (ILFC) to the investor group. The transaction would value ILFC, a non-core asset for AIG, at US$5.28bn. [...]
LIU Europe appoints Switzerland sales manager
by Richard Kilner
Story link: LIU Europe appoints Switzerland sales manager
Liberty International Underwriters Europe (LIU Europe) has announced the appointment of Eric Maltonti as sales manager of Suisse Romande. Maltonti, who is to be based in Zurich, will report directly to Felix Böni, the branch manager for Switzerland. Maltonti will take on a sales role for all business lines written in the mostly French-speaking part [...]
Cost of UK flooding hits five year high
by Richard Kilner
Story link: Cost of UK flooding hits five year high
Aon Benfield’s catastrophe model development centre of excellence has released its latest monthly Global Catastrophe Recap report. The report reveals that the recent floods to hit the UK damaged over 1,100 homes, and, according to a PricewaterhouseCoopers’ report, are likely to cost insurers up to £500m. This will increase the total cost of floods to [...]
Drivers confused about drink drive limits
by Richard Kilner
Story link: Drivers confused about drink drive limits
LV= car insurance has commissioned research which reveals that the number of drivers who have driven whilst under the influence of alcohol has almost doubled since 2009. The vast majority (88%) realise drink driving affects their driving ability, but 15% nevertheless admit to having driven whilst over the legal limit. The rise in drink driving [...]
Howden names future non-executive chairman
by Richard Kilner
Story link: Howden names future non-executive chairman
Howden Broking Group Limited has announced that next year Adrian Colosso is to become non-executive chairman of the Board of Directors. Colosso was previously chief executive officer of Heath Lambert, and after the firm was acquired by AJ Gallagher he served as chief executive officer of UK Retail for Gallagher Heath. Howden Broking Group Chief [...]
Telematics insurance becomes more popular
by Richard Kilner
Story link: Telematics insurance becomes more popular
Figures from car insurance comparison website Tiger.co.uk have revealed that telematics insurance policies are becoming increasingly popular with drivers aged 24 and under. Sales data from February to September 2012 indicates that younger drivers are increasingly opting for telematics policies, suggesting that the more affordable pricing weighs more heavily with drivers than the so-called ‘big [...]
ABI responds to the Autumn Statement
by Richard Kilner
Story link: ABI responds to the Autumn Statement
Otto Thoresen, Director General of the Association of British Insurers (ABI), has responded to the reduction in pensions tax relief contained within yesterday’s Autumn Statement. Thoresen said that whilst the organisation recognised the economic pressures the Government faced a second change in pensions tax allowance in three years was frustrating. He called on the Coalition [...]
Miller appoints Nicholls to downstream energy team
by Richard Kilner
Story link: Miller appoints Nicholls to downstream energy team
Miller has announced that it has bolstered its downstream energy team with the appointment of Daniel Nicholls. The appointment of Nicholls, a specialist in production and broking, was warmly welcomed by Julian Taylor, Head of Energy at Miller. Taylor praised his excellent broking and production skills, which cover several classes, and said that his appointment [...]
AIG appoints Global Consumer CUO
by Richard Kilner
Story link: AIG appoints Global Consumer CUO
American International Group, Inc. (AIG) has announced the appointment of Kim Garland as the new chief underwriting officer for Global Consumer Insurance. Garland joins AIG Property Causalty from AIG’s United Guaranty Corporation (UGC) where he was president and chief executive officer. In his new role he will assume responsibility for the worldwide Consumer book of [...]
Beazley launches Gulf of Guinea piracy product
by Richard Kilner
Story link: Beazley launches Gulf of Guinea piracy product
Beazley has responded to the recent increase in hijacking in the Gulf of Guinea by launching Gulf of Guinea Piracy Plus, the first tailored pirate policy designed specifically for ship-owners whose vessels are active in the area. The product provides coverage for the kidnapping of crew for ransom and the illegal seizure of the vessel [...]
Willis makes European leadership appointments
by Richard Kilner
Story link: Willis makes European leadership appointments
Global insurance broker Willis Group Holdings has announced a number of senior leadership appointments in its Willis International business unit focusing on its UK and wider European operations. Willis’ Continental European operations is to be divided into two separate regions, namely Western Europe and Central and Eastern Europe. Director General of Willis Iberia Alberto Gallego [...]
RSA appoints Mid Market Regions Director
by Richard Kilner
Story link: RSA appoints Mid Market Regions Director
Global insurer RSA has announced the appointment of Dan Wilkinson as the firm’s new Mid Market Regions Director. Wilkinson will assume responsibility for leadership of the firm’s UK Mid Market business, which trades through a strong regional footprint. He brings more than two decades of experience in the industry to his new position, and prior [...]
AIG acquires Woodbury Financial Services
by Richard Kilner
Story link: AIG acquires Woodbury Financial Services
American International Group, Inc. (AIG) has announced that its life and retirement business AIG Life and Retirement has acquired Woodbury Financial Services, Inc. from The Hartford. A definitive agreement for the acquisition was signed on 31 July 2012, and the deal means that Woodbury Financial Services now forms part of AIG Life and Retirement’s Advisor [...]
Towergate completes acquisition of NPIB
by Richard Kilner
Story link: Towergate completes acquisition of NPIB
Towergate Insurance has announced that it has acquired the business and assets of Norwich and Peterborough Insurance Brokers (NPIB). The acquisition of the non-life insurance broking operation of the Norwich and Peterborough Building Society is Towergate’s 25th this year and follows the acquisition last month of Dawson Whyte. NPIB was founded 18 years ago after [...]
QuestGates announces plethora of hires
by Richard Kilner
Story link: QuestGates announces plethora of hires
Specialist loss adjuster QuestGates has announced a raft of appointments, including that of Dave Clare, who joins the firm from Merlin, as does his colleague David Hession. Gemma Larkin has been hired by the Corporate Claims Solutions team as a liability claims handler, having previously worked for Allianz where she worked in internal audit. The [...]
