United Kingdom (UK)
Applied Systems plots UK growth
Brokers using Applied Systems software can expect to see growth in the US firm's UK arm in its product offering and staff numbers, according to the company's senior leaders.
UK expected to lead on Solvency II related disposals in 2015
The impact of the Solvency II directive has been attributed for an expected sixth year of growth in the European run-off market, according to PWC’s annual survey.
R&Q posts pre-tax loss of £600 000 for H1
Insurance investor and underwriting manager Randall & Quilter posted a pre-tax loss of £600 000 for the first six months of 2014 (H1 2013: £3m profit) following an increase in legal expense reserves.
Mastek UK appoints Khanolkar to lead insurance and financial services
Global enterprise application specialist Mastek UK has appointed Vidyesh Khanolkar as head of insurance and financial services division.
Ana Cap completes Brightside acquisition
European private equity firm Ana Cap Financial Partners has completed its acquisition of broker Brightside Group.
Quindell founder committed to pursuing legal action against Gotham
Quindell will continue to pursue legal action against Delaware-based research firm Gotham City, despite the difficulty given their US jurisdiction, executive chairman Rob Terry has confirmed.
Willis deputy CEO Hearn handed UK leadership
Willis UK chief executive David Martin has been handed a newly created role as the broker’s global leader of placement, with deputy group CEO Steve Hearn replacing him in leading the UK business.
Ghost broker who targeted Yorkshire's Asian community jailed
A ghost broker who sold invalid car insurance policies to more than 100 Yorkshire-based motorists was today jailed for fraud.
UK growth behind W.R Berkley Europe's MGAA membership
W.R. Berkley Insurance Europe has joined the Managing General Agent’s Association in a bid to help drive the firm’s UK development.
Motor premiums predicted to rise in line with inflation
Motor insurance premiums are likely to start rising over the next 12 months after two years of falling prices, according to Deloitte insurance partner James Rakow.
Esure IPO highlights UK prominence in private equity domain
The UK has asserted itself as a key market for private equity activity, according to a study by international law firm White & Chase.
Q&A: RSA boss Stephen Hester gives Post the inside track
Four months after taking over the reins at RSA, group chief executive Stephen Hester talks to Post about the reasons behind his decision to take the plunge into the general insurance industry, how the firm’s strategic action plan is progressing, life…
Ace launches mobile app for web trading platform
Ace has launched a mobile ipad app for its web-trading platform, Ace Online, which allows brokers to quote and bind new business on behalf of clients.
More M&A activity predicted for 2014 as UK leads the way in Europe
Mergers and acquisitions completed within the UK insurance market last year dwarfed similar deals in the rest of Europe, according to Grant Thornton, which is predicting more acquisitive activity in 2014.
Aviva appoints Lovely as claims director
Aviva has appointed David Lovely as its claims director, reporting to Maurice Tulloch, chief executive for UK and Ireland general insurance.
London market insurer WR Berkley plots regional expansion
WR Berkley Europe has revealed plans to expand its UK distribution channels via open market, online and schemes with a view to providing the firm with increased access to regional business.
Aerospace players to receive IPT exemption
Aerospace insurers received a boost in Wednesday’s budget after Chancellor George Osborne said the government would exempt certain space risks from insurance premium tax.
KPMG makes senior insurance hires from McKinsey & EY
KPMG has appointed Navdeep Arora and Justin Balcombe to its insurance advisory practice.
UK pet insurance market expected to remain stable
The outlook for UK pet insurers remains positive over the next five years following a 35% increase in the market between 2008 to 2012, according to an insurance software provider.
Marsh report highlights falling UK insurance rates last quarter
Insurance rates in the UK mirrored those of Continental Europe and Asia-Pacific in falling in the fourth quarter of last year, according to Marsh’s latest global insurance market quarterly briefing.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
Marsh boss raises doubts over customer benefit of quota share deals
Marsh UK and Ireland chief executive Mark Weil has admitted that doubts remain over the customer benefits of quota share deals, such as the arrangement made last year between Aon and Berkshire Hathaway.
Equinox Global hires Ahinful to develop UK & Ireland portfolio
Equinox Global has recruited Genevieve Ahinful as senior underwriter effective immediately.
Aspen merges UK property and liability teams
Global insurer Aspen will merge its UK property and liability underwriting teams from 1 January 2014.