News
Analysis: Business interruption late payment claims a 'live issue'
Insurers could still face claims for damages relating to the late payment of Covid-19 business interruption claims under an as yet untested part of the law, according to lawyers.
AIG CEO Peter Zaffino to add chair role as Brian Duppereault retires
Peter Zaffino, president and CEO of American International Group, will take on the additional role of chairman of the board of directors on 1 January 2022, the provider has announced.
Thompson & Richardson hires Stuart Williams as MD
Ethos Broking-owned Thompson & Richardson has recruited Stuart Williams as managing director joining from Konsileo, Post can reveal.
Markerstudy appoints Neil Utley and Matthew Donaldson as NEDs
Former BGL boss Matthew Donaldson and ex-Hastings chairman Neil Utley have been appointed as non-executive directors at Markerstudy Group.
BGL confirms Fenchurch appointment after report of approaches for insurance arm
BGL Group has confirmed the appointment of Fenchurch Advisory Partners as Sky News revealed the business was looking at offers for its insurance arm.
Last chance to decide Industry Impact winner at 2021 British Insurance Awards
The voting is open for you to decide who should win the Industry Impact Award at tomorrow’s British Insurance Awards. But be quick as the poll closes at noon tomorrow.
MS Amlin AG adds Michael Koller as CRO
MS Amlin AG has appointed Michael Koller as chief risk officer replacing Catherine Farnworth who is leaving after more than eight years with the business.
Rebranded broker Lucida ready for deals
Right Choice Holdings, owner of Right Choice Insurance Brokers, Bennetts and Moorhouse has rebranded as Lucida.
PIB deals cost £92.8m in 2020
The cost of buying eight businesses and three books of business totalled £92.8m in 2020 for PIB Group, a filing at Companies House has revealed.
Zurich UK takes Caroline Dunn from Lloyd’s as chief underwriting officer
Zurich has recruited Caroline Dunn as chief underwriting officer in the UK joining from Lloyd’s where she was head of market development.
All Clear acquires Insure & Go; Liberty supports WTW sustainability accreditation; PIB buys again; Zurich enters UK PMI market
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Vast majority of public unaware of whiplash portal
Exclusive: Most of the general public are unaware of the new Official Injury Claim whiplash portal, a survey commissioned by Post has shown.
FCA warns public about broker Professional Construction Risks
The Financial Conduct Authority has warned consumers not to do business with Weston-super-Mare broker Professional Construction Risks Limited or any of its representatives.
Zurich promotes Paolo Mantero to group chief strategy officer
Zurich Insurance Group has appointed Paolo Mantero as group chief strategy officer succeeding Giovanni Giuliani who is moving to be CEO of Zurich Italy.
Allianz to run work experience programme in 2022 after inaugural success
Allianz has confirmed that it will offer work experience placements to students aged 14 to 18 next year after the success of its first formal programme this summer.
UK tops carrier M&A in Europe for first half of 2021
The UK was the leading European country – and second most active worldwide behind the US – for insurance carrier mergers and acquisitions in the first half of 2021, according to research by Clyde & Co.
Willis Towers Watson revamps global management structure after collapsed Aon deal
Willis Towers Watson has set out a three geographies and two segments approach as it restructured its global leadership team in the wake of the aborted merger with Aon.
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
WH Smith to launch ‘digital first’ insurance lines; WTW lines up first acquisition after Aon merger collapse; Converys Europe strikes fourth deal and Higos buys in Cornwall
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva invites applications for largest ever Broker Community Fund pot of £300,000
The Aviva Broker Community fund will return in September with £300,000 ready to be distributed to local causes and groups, the largest total to date on top of over £1.3m already given out across more than 320 grants since 2011.
Government names John Edwards as preferred pick to lead ICO
The government has named John Edwards, currently New Zealand’s privacy commissioner, as its choice to succeed Elizabeth Denham as the next information commissioner and revealed plans to consult on reforms to the UK’s data regime.
GRP swoops for Duncan Carter from Marsh as retail CEO
Global Risk Partners has appointed Duncan Carter as retail CEO joining from Marsh UK where he was head of placement and networks.
FCA fires fair value warning shot
The Financial Conduct Authority has raised concerns that some insurers and intermediaries are showing slow progress in making sure products meet customer needs.
Swiss Re signs $10m carbon removal deal to tackle climate change
Swiss Re has partnered with Climeworks in a $10m (£7.3m) deal over 10 years to combat climate change using direct air capture and storage of carbon dioxide technology.