Company news
Admiral rakes in bumper profit
Admiral’s 2021 profit soared with staff to receive free shares worth up to £3600.
Aviva UK grows commercial GWP by 15%
Aviva UK grew gross written premiums and saw operating profit improve in 2021.
Aviva confirms 80 Fenchurch Street move
UK insurance giant Aviva has confirmed it is leaving its London St Helen’s headquarters for a Fenchurch Street location.
Aviva to give staff £1000 each in shares
Aviva has reported its highest gross written premium from continuing operations in "over a decade" and will grant its 22,000 employees £1000 each in shares.
Lloyd's appoints special advisor to boost investor access
Lloyd’s has appointed former Guy Carpenter executive Des Potter as a special advisor to chief financial officer and chief operating officer Burkhard Keese, with a focus on making it easier for investors to access Lloyd’s.
Four-day work week a 'natural step' for motor broker Igo4
Car insurance broker Igo4 has adopted a four-day working week, saying that it made the change out of a strong preference on the part of staff for flexible working that has been emphasised during the pandemic.
PIB fine-tunes management structure as it sets sights on rapid Europe expansion
PIB Group has made a number of changes to its management structure in anticipation of accelerated growth during the course of 2022.
Aubert appointed CEO of Howden France
Howden has appointed Nicolas Aubert as CEO of its operations in France as the broker continues to expand its European platform.
Ex-ERS boss Ian Parker joins Catalina as group CEO
Ian Parker has been appointed as group CEO of run-off specialist insurer Catalina Holdings (Bermuda).
Gallagher enters motorcycle and motorhome space with first acquisition of the year
Gallagher has acquired Devitt Insurance Services marking the group’s entry into the motorcycle and motorhome space.
Chubb promotes Jon Houghton to head of distribution for UK and Ireland
Chubb has made Jon Houghton head of distribution for the UK and Ireland expanding his previous role as distribution manager for national brokers in the region.
Hastings Direct adds Mark Cliff as non-exec chair after Peter Blanc departure
Hastings Direct, the broking entity within the Hastings Group, has appointed former Ageas and Brightside leader Mark Cliff as independent non-executive director – chair designate.
Howden 'the British powerhouse' says CEO as organic growth hits 19%
Howden Group has reported a 48% increase in revenue to £1.15bn and a 50% rise in Ebitda to £335m for the year ended 30 September 2021.
Gallagher adds Elliot Miller to lead Scotland, Northern Ireland and the North East of England
Gallagher has appointed Elliot Miller, formerly of CNA Hardy and QBE, as regional managing director for Scotland, Northern Ireland and the North East of England, Post can reveal.
Aviva on hunt for CFO as Windsor heads to Persimmon
Jason Windsor has resigned as chief financial officer and director of Aviva with effect from July 2022.
Brit appoints Bilge Mert as chief technology officer
Brit has appointed Bilge Mert, formerly senior director of Swiss Re's insurtech Iptiq, as chief technology officer.
Neil Robertson steps up to Canopius group CEO role
Canopius has appointed Neil Robertson as group CEO with Michael Watson continuing as group chairman.
Mike Crane replaces Steve Maddock as MIB chairman
The Motor Insurers Bureau has named the managing director of LV Broker and CEO of Legal & General general insurance Mike Crane as its next chairman, succeeding Direct Line Group’s chief operating officer Steve Maddock.
AIG takes Graham Fulcher from Chubb as international GI chief actuary
American International Group has recruited Graham Fulcher for the newly created role of international general insurance chief actuary.
Paul Cooper to return to Hiscox as group CFO
Hiscox has named Paul Cooper as group chief financial officer joining from asset manager and life insurer M&G where he is currently interim group CFO.
Ardonagh valued at $7.5bn as Abu Dhabi Investment Authority joins investor roster
The Ardonagh Group has secured investment from the Abu Dhabi Investment Authority and “several other large global institutions”, giving the group a multi-billion dollar valuation.
Bought By Many doubles GWP and reveals now live in 28 US states
Bought By Many owner Many Group wrote £146m of gross written premium in 2020/21 with turnover up 113% at £37.13m, the business has revealed.
Incoming Norgrove praised amid market surprise at Egan's RSA departure
Market specialists were surprised by RSA UK & International CEO Scott Egan’s departure but welcomed Ken Norgrove as the new RSA leader and urged him to push on with making the provider more outward looking.
Lloyd's to limit cyber exposures to 'best in class' syndicates as it approves £44bn GWP plans
Lloyd’s will remain open to new cyber business in 2022 but only “best in class” syndicates will be permitted to grow their exposures, its chief of markets Patrick Tiernan has said.