Articles by Katie Marriner
Bailey challenged to prove his independence in FCA role
Incoming Financial Conduct Authority CEO Andrew Bailey has been challenged by an MP to prove his independence from the government after accusations he was "hand-picked" by Chancellor of the Exchequer George Osborne to take on the role.
80% of UK insurers mulling aggregator launch
More than 80% of UK insurers are considering setting up their own aggregator site, according to Accenture.
Hefty FCA fines highlight importance of delegated authority chain controls
The £15.5m of fines handed to individuals and firms involved in the collapse of several unrated insurers operating in the solicitors' professional indemnity market have highlighted the need for all parties involved in the delegated authority chain to…
Flood Re completes reinsurance procurement
Flood Re has secured the remaining reinsurance capacity required for its three-year £2.1bn programme.
Pen launches improved coverholder offering
Pen Underwriting has launched an improved coverholder offering for delegated commercial lines business after a review of its service and support framework.
Fraudsters sentenced over £38,000 Direct Line claim
Three fraudsters have been sentenced for planning a crash-for-cash scam that would have resulted in Direct Line Group paying out more than £38,000 in insurance claims.
Personal and commercial profit pressures spark insurers' wholesale interest
Growth ambitions have been pegged as the main driver behind prominent UK insurers expanding their wholesale market presence with competitive personal and commercial lines conditions forcing insurers to deploy capital elsewhere.
Towergate appoints Stephenson Harwood partner as general counsel
Towergate has appointed Geoff Gouriet to its executive committee as general counsel.
Henderson reveals AIM listing interest on 30th anniversary
Henderson is exploring listing on the AIM market and is expecting to announce a "significant" acquisition as it celebrates its 30th anniversary of operation.
Government pledges £20m for driverless cars projects
The government has announced a further £20m of funding for projects developing driverless cars with consortia including members such as Axa and Direct Line Group among the beneficiaries.
Chubb announces distribution managers and regional leaders
Chubb has announced two distribution management appointments for the UK and Ireland in the hires of Jon Houghton and Jon Nottingham.
Heathrow pods to be modified for London driverless car trials
Driverless "pods" currently being used at Heathrow Airport will be adapted to navigate the streets of Greenwich, in London, as part of the Gateway driverless car project.
Parents to access kids' driving scores through Wunelli deal
Parents will be given access to their children's driving scores and behaviour data through a new agreement between broker Autosaint and Wunelli.
Union planning to intervene in RSA's Birmingham closure
Unite Union is planning to enter into discussions with RSA over its decision to close its Birmingham office putting 190 staff at risk of redundancy.
Bailey planning more moderate FCA approach
Incoming Financial Conduct Authority CEO Andrew Bailey will not take the "shoot first ask questions later" approach of his predecessor Martin Wheatley when he joins the regulator in July.
Compass acquires 10 members in January
Ten brokers have joined Arthur J Gallagher's UK network Compass this month, taking total gross written premium controlled by its members to £660m.
Staff put on notice as RSA closes Birmingham site
RSA has confirmed it is closing its current Birmingham office with approximately 190 staff put at risk of redundancy.
CII urges insurer proactivity in climate report
The insurance sector must be more proactive and collaborate with external stakeholders in working to combat the effects of climate change, a Chartered Insurance Institute report has urged.
Value of £1bn mooted as analysts give thumbs up to BGL float
Market analysts have given their seal of approval to BGL Group’s potential listing on the London Stock Exchange, with one analyst suggesting the entry could be valued at more than £1bn.
Demand for M&A assets to outweigh supply, survey finds
Competition for attractive insurance industry merger and acquisition targets is set to intensify in the next three years as more than 80% of insurers plan to acquire while only one third plan to divest, a Willis Towers Watson survey has found.
Henderson announces new MD and CEO
Henderson Insurance Brokers has hired Andy White, formerly of Zurich, as its new managing director.
Anti-competition concerns quelled as insurers back subrogation portal
The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology.
Covéa confirms involvement in subrogation portal pilot
Covéa Insurance has confirmed it is piloting the electronic subrogation portal on which Aviva and Ageas went live last week.
Hubbard to exit UK General
UK General group CEO Peter Hubbard is to step down from his role in February, the company has confirmed.