Articles by Will Kirkman
Former RSA Ireland CFO fined and banned for misconduct
The former chief financial officer and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines following a Financial Reporting Council investigation.
Lloyds Banking Group's GI division takes hit from softening home market
Lloyds Banking Group’s general insurance division saw gross written premiums fall by 3% in 2016, to £1.1bn from £1.14bn in the previous year.
DAC Beachcroft acquires two complex injury teams from Clyde & Co
DAC Beachcroft has acquired two complex injury teams comprising six partners and 21 legal professionals from Clyde & Co to join its Claims Solutions Group.
Brokers have seen no loss of business from Brexit vote
Brokers have not seen a drop in appetite for UK insurance products since the EU referendum vote last June.
Quarter of insurance CEOs expect to make redundancies over the next 12 months, says PWC
A quarter of insurance CEOs expect their companies to make redundancies in the next 12 months, according to an extensive survey.
Hood Group opens Innovation Lab to attract start-ups
Hood Group has launched an Innovation Lab and created a number of new roles.
Allianz returns to 'business as usual' with strong 2016 profits
Allianz UK saw a marked increase in operating profit in 2016, climbing to £154m from £36.3m in the previous year.
Post People 20 - 24 February
Who's moved where this week?
James Hallam acquires Motor Race Consultants
James Hallam has completed the acquisition of Motor Race Consultants Insurance Services.
Discount rate change could cost motor insurers £4.9bn
Motor insurers and reinsurers could face reserve charges of £4.9bn as a result of changes to the Ogden discount rate.
Axa launches rolling news app for mid-market brokers
Axa has unveiled a rolling news app aimed at helping commercial brokers in the mid-market space better understand their clients.
FCA orders firm to reimburse 330,000 customers sold unnecessary insurance
The Financial Conduct Authority has ordered a direct mail order business with permission to sell general insurance products to pay £12.5m redress to approximately 330,000 customers.
Bishopsgate creates international binders division
Bishopsgate has made three appointments and revealed the creation of an international binders division.
Ex-Autofocus employees standing trial drop application as court case continues
Council representing six of the seven ex-Autofocus employees standing trial for contempt of court have withdrew an application to limit the scope of the case against their clients.
Zurich paid out almost £2bn in claims in 2016
Zurich paid out almost £2bn in UK claims payments over the course of last year, the group has revealed.
Building Block signs distribution deal with Icelandic broker Tryggja Ehf
Malta-based protected cell company Building Block has signed a distribution deal with Icelandic broker Tryggja Ehf for a Tenant Default product.
Watchstone issues claim against Aviva Canada
Watchstone Group’s Canadian subsidiary Hubio Solutions has issued a claim in the Ontario Superior Court of Justice against Aviva Canada.
Ageas to lift Rias age restrictions to channel business from closed brands
Ageas will lift the age limit on its Rias brand in order to channel business from its closed brands, CEO Andy Watson told Post.
Ageas results dampened by restructuring costs and discount rate review
Ageas UK made a €56m (£47.5m) loss in 2016, in sharp contrast to the €30m profit made in 2015.
Law firm to pay Axa £70,000 after systematically inflating legal costs
Claimant law firm Asons has agreed to repay almost £70,000 to Axa after admitting to falsely and systematically inflating its legal costs.
Sun Life ventures into general insurance with Junction partnership
Junction, part of BGL Group, has signed a five-year contract to provide home and motor insurance products to life insurer Sun Life.
Reinsurers increasing insurtech investment to counter growing competition
Reinsurers are increasingly investing in insurtech to mitigate external threats from venture capital investment, experts told Post.
Accelerate enters partnership with WK Insurance
Accelerate Underwriting has entered into a three-year deal with insurance brokers WK Insurance, part of the Willis Network.
Sovereign Capital backing management buy-out of Irish broker Arachas
UK private equity firm Sovereign Capital is backing the management buy-out of Irish brokerage Arachas Corporate Brokers.