Articles by Callum Brodie
Savesure shareholder Whittington banned and fined by FCA
The Financial Conduct Authority has fined Savesure shareholder Ralph Whittington £42,111 and banned him from performing any function in relation to regulated activity for failing to act with integrity in carrying out his controlled functions.
Insurers encouraged to promote reward schemes to tempt customers
Introducing a loyalty or reward scheme could improve insurers’ chances of increasing consumer take-up, despite the overriding importance of price, according to a survey conducted by M&S for business.
Over-capacity and pricing pressure sees reinsurance capital growth stabilise
The growth in global capital dedicated to reinsurance has stabilised during the first half of the year, amid over-capacity and widespread pricing pressure, according to the latest reinsurance market report from Willis Re.
Internet of Things could see insurers become force for good for policyholders
The so-called ‘Internet of Things’ could see insurers become a force for good in society, in effect providing a duty of care to policyholders.
LV exploring reinsurance opportunities amid increased market appetite
LV general insurance managing director John O’Roarke says his firm may seek to take advantage of an increased appetite among reinsurers to write primary business amid an uptick in alternative capital entering the reinsurance space.
Market Moves - 10 September 2015
All the latest recruitment news from the world of insurance.
Towergate broking boss Lawton departs after three year stint
Towergate insurance broking CEO Mike Lawton is to exit the business three years after joining from RSA.
SAS to create 150 jobs in Ireland amid €40m investment
Business analytics firm SAS will create 150 jobs over three years as part of the expansion of its operations in Ireland in an investment of around €40m (£29.1m).
Elite follows Helphire in exiting 'commercially unviable' GTA
Elite Insurance Company has withdrawn its subscription to the General Terms of Agreement, with the insurer’s CEO describing the cost benefit of using the agreement as “commercially unviable”.
ABI urges MOJ to regulate MROs in Medco review
The Association of British Insurers is calling for the regulation of medical reporting agencies in its submission to the Ministry of Justice review of the operation of Medco.
County Group eyes further acqusitions following hire of Swinton M&A boss
Former Swinton acquisitions manager Keith Frost has joined The County Group amid plans to support the firm’s appetite to acquire UK based brokers.
Bluefin appoints Thistle COO Watson as operational performance director
Thistle Insurance Services chief operating officer Anita Watson has been appointed to the newly created role of operational performance director at Bluefin.
Axa study calculates £34bn of savings from driverless HGVs
The development of automated haulage and logistics vehicles could save the haulage industry almost £34bn, according to a study undertaken by Axa UK.
14 million UK motor policyholders tipped to switch provider per year
Up to 320 million motor insurance policies could be up for grabs across Europe by 2020, according to research by Deloitte, as an increased willingness to switch provider takes hold across the continent.
Hiscox names Eva Berg-Winters as head of UK claims
Hiscox has appointed strategy consultants OC&C’s associate partner Eva Berg-Winters as head of UK claims.
Quindell exploring name change as Rose takes aim at ex-CEO Terry
Former Quindell CEO and chairman Rob Terry has come under fire from non-executive chairman Richard Rose, who has revealed the troubled outsourcer will change its name later this year.
Markerstudy acquires Birmingham broker Lionheart
Markerstudy has gained approval from the Financial Conduct Authority to acquire Birmingham-based Lionheart Insurance.
Insurers remain at odds with Apil over whiplash figures despite talk of collaboration
Insurers have welcomed calls by the president of the Association of Personal Injury Lawyers for greater collaboration, but have roundly rejected his argument that whiplash claims are on a downward trajectory.
Co-op's GI business incurs £17m loss due to costs of IBM deal
The costs associated with the £55m deal with IBM to build an integrated insurance platform were behind Co-op general insurance's £17m operating loss in the first half of 2015.
Survey ranks insurance as top performing sector in dodging hackers
The insurance industry is outperforming other sectors in the battle to combat data breaches, according to a survey that revealed just 17% of insurance companies have been hacked –although lost data remains an issue.
Telematics firm Ingenie adds LV Broker to insurer panel
LV Broker is joining Ingenie’s panel of insurers providing underwriting capacity for the telematics car insurance brand aimed at younger drivers.
Ex-Gallagher execs to fork out £2m in settlement costs
The settlement between Arthur J Gallagher and former international division CEO David Ross and others will cost some of the broker's former executives £2m.
Consumers remain unconvinced by driverless cars as Google suffers latest setback
More than a third of motorists polled by U Switch believe the introduction of autonomous vehicles will drive up their car insurance premiums.
National Crime Agency targeted in revenge cyber attack
A group of hackers who were behind previous cyber attacks on Microsoft and Sony have claimed responsibility for downing the website of the UK’s National Crime Agency in an apparent revenge attack.