Axa Corporate Solutions has appointed Aon's Rob Brown as CEO
with effect from 1 March, it announced today (19 January).
Brown was previously Aon Risk Solutions CEO for Europe, the Middle
East and Africa. His departure from Aon in October last year
brought an end to a 15-year stint at the broker, where he was also
Aon UK CEO.Brown succeeds Philippe Rocard, who was at the helm of the Axa
Corporate Solutions for seven years. Rocard now moves into...
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-
Rob Brown named Axa Corporate Solutions CEO
-
AIG comes under fresh attack from activist investor Icahn
Billionaire investor says AIG must be carved up as soon as possible -
Editor's Comment: Writing a new chapter
Stephanie Denton Postonline A new year and a new start; time to ring in the new; the new year is like a blank book and you have the pen to fill the pages – you probably heard all of these and more as Big Ben chimed in the New Year and you planned your resolutions. -
Aon’s Rob Brown resurfaces at AXA
Broker’s former EMEA head named chief executive of AXA Corporate Solutions -
Rokicki the latest to join Aspen from Liberty
Robert Rokicki has become the latest underwriter at Liberty
International Underwriters (LIU) to defect to rival Aspen.
Rokicki will join the Bermudian's primary insurance division
as senior vice president and head of onshore energy and
construction for the Americas.
Based in New York, Rokicki will be responsible for driving
growth in the region and will report to Tim Kania, the
carrier's global head of energy and construction.
"With nearly 30 years of experience as both a chemical
engineer and u -
BTG Pactual income up 45% in Q4
Troubled Brazilian investment bank BTG Pactual has reported that
its combined net income grew 45 percent to 1.23bn reais ($305mn),
or 1.34 reais a share, in the fourth quarter.
Total assets fell from 302.8bn reais to 266.6bn reais, which
reflected the asset sales the bank has made in recent months. Total
liabilities also decreased from 280.7bn reais to 244.1bn reais.
The bank released its earnings results early in an attempt to
provide transparency for panicky investors who may have considered.. -
AJG hires Marsh UK trade credit head
Global broker AJ Gallagher has appointed Tim Fisher as joint
managing director of its UK specialist trade credit and surety
practice, it announced today (19 January).
Fisher joins from Marsh, where he was head of the broker's
UK and Ireland trade credit practice for nearly five years. Before
that he held various leadership roles within Marsh's wider
general insurance business.
Prior to this he worked at Aon trade finance and before that was
at specialist trade credit insurers Euler Hermes... -
AIG raises commercial property limit to $2.5bn
American International Group (AIG) has increased its global
commercial property limit to $2.5bn per occurrence, it announced
today (19 January).
The previous $1.5bn limit had been in place since 2012.
AIG said the $1bn increase was in response to "growing
demand for capacity and services by clients managing more complex
global risks and increasing property values".
"It also reflects AIG's greater appetite for property
risk based on its ongoing expansion of risk engineering and data
analytics cap -
AIG management credibility 'all but gone': Icahn
Carl Icahn has accused American International Group (AIG)'s
management of either being "purposely misleading" or
"negligently uninformed" in their public disclosures on
the feasibility of a plan to split up the insurance giant.
In an open letter to the AIG board, Icahn upped the pressure on
the insurer's management as he suggested their credibility with
shareholders was "all but gone" - just a week before the
firm is due to provide a strategic update to investors.
The activist investor also... -
Biba calls on FSCS to change its model
CEO Steve White disappointed in possible £19m levy rise. -
The road to repair: how the industry has responded to flooding in Cumbria
Peta Fuller Postonline The government is making grants available for flood resilient repairs. -
Parabis woes highlight importance of finding right ABS partner
Katie Marriner Postonline The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off. -
JLT Specialty names Steve Fox as Midlands sales chief
20-year insurance veteran will lead Birmingham and Nottingham teams -
Increase in FSCS levy to be greatest for insurers
Peta Fuller Postonline Insurers will see the largest increase in Financial Services Compensation Scheme levy when compared to other financial sectors, with the industry set to pay an extra £32m according to the FSCS’s 2016/17 plan. -
EC Insurance Group CEO Brown to retire in June
Callum BrodiePostonline EC Insurance Group CEO Roger Brown is to retire in June after seven years with the business, Post can reveal. -
Brokers: Insurance Act guidance from insurers is not enough
More than two thirds of brokers polled are in the dark about the Act BLM has said -
Biba/IBSC tie-up ‘close at hand’
Biba chief executive Steve White said formal announcement would come shortly -
Government challenged to instigate fraud taskforce recommendations
Katie Marriner Postonline The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms. -
MGA Imperium launches farm division with QIC Europe capacity
Callum BrodiePostonline Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe. -
Brokers face £19m FSCS compensation levy for 2016/17
Insurers’ levy jumps 52% despite almost flat compensation costs -
Ward joins Direct Line board
UK personal lines insurer Direct Line Group has appointed former
Lloyd's CEO Richard Ward to its board as a senior independent
director.
Ward is chairman of Brit, executive chairman of Cunningham
Lindsey and a non-executive director and chairman of the
remuneration committee at Partnership Assurance. He is also a
member of the Prudential Regulation Authority's Practitioner
Panel.
Between 2006 and 2013 Ward was CEO of Lloyd's, having
previously been CEO and later vice chairman of ICE Futures. He -
RSA to move into Lloyd's company box
UK carrier RSA has announced it will take a 10-desk company box in
the Lloyd's underwriting room.
By establishing a presence in Lloyd's RSA hopes to develop
and grow its London market wholesale business.
From 25 January RSA's underwriters will on be the fourth
floor of Lloyd's to write all classes of marine, property,
construction, engineering, power, renewable energy, accident and
health, and financial risks from their new box.
Jon Hancock, managing director of UK Commercial at RSA said:
"Feedb -
Mark de Saram to retire
Mark de Saram, managing director and CEO of Everest Re Bermuda,
will retire in April, the company announced today (19 January).
Having worked at Everest since 1995, de Saram also serves as
director and deputy chairman of Everest Re Bermuda and Everest
International Reinsurance.
In addition, he is chairman of the board of Everest Re Ireland
and a director on the board of Everest Underwriting Group
(Ireland).
Sanjoy Mukherjee has been appointed to replace de Saram as
managing director and... -
Brokers 'in the dark' over UK Insurance Act
More than two-thirds of UK brokers feel insurers haven't
provided them with enough guidance around the upcoming
implementation of the Insurance Act, according to a survey
conducted by law firm BLM.
Some 70 percent of the 60 respondents felt that underwriters had
not provided them with enough information to enable them to assist
customers on the duty of fair presentation and on issues around the
knowledge of the insured, including the brokers as their
agents.
The duty of fair presentation... -
Berkshire Hathaway launches D&O and PI in Australia
Berkshire Hathaway Specialty Insurance has launched a
directors' and officers' and professional indemnity
offering in Australia, it announced today (19 January).
Sami Jaghbir has been named as senior underwriting manager for
executive and professional lines in Brisbane. Richard Johnson has
been appointed to the same role in Melbourne.
Jaghbir joins Berkshire Hathaway from New Zealand retail insurer
Vero, where he was most recently underwriting manager for
professional and financial lines.
Johnso -
Brokers face £19m FSCS levy hit for 2016/17
Fee projected to increase from zero in 2015/16 with overall funding levy rising to £363m. -
Henderson sued over ‘poor advice’ in underinsurance claim
Henderson argues client failed to provide accurate details -
Biba working with Capita and Landmark on SME flood solution
Trade body aiming to find cover for those excluded from Flood Re -
Biba launches 2016 manifesto
Manifesto focuses on accessing insurance, cyber risks, claims, motor, flood, Europe and fair regulation. -
Broker FSCS management fees to increase
Sector expected to pay £9.5m towards management expenses in 2016/17, up from £6.6m for 2015/16. -
Impact of driverless cars to be discussed by industry group
Callum BrodiePostonline Insurance and liability issues stemming from the development of driverless cars will be discussed by a group of 11 UK motor insurers led by the Association of British Insurers and Thatcham Research. -
C-Suite - Insurer: A climate of hope
John Dye Postonline Following the floods, the COP21 agreement offers a glimmer of optimism over climate change -
Insurers to look at safety, liability issues of driverless cars
ABI, Thatcham, insurers to look at potential changes to traffic laws -
Personal motor rose 8.6% in fourth quarter – Biba/Acturis
Household rates fell 4.8% and commercial rates were down 0.5% -
Fraud Taskforce report hailed by insurers
Katie Marriner Postonline Insurers have welcomed the final report published by the Insurance Fraud Taskforce, particularly the recognition of the complexities of tackling insurance fraud. -
Brokers ‘in the dark’ regarding Insurance Act, says law firm
Research finds that more guidance is needed ahead of August 2016 implementation. -
RSA pushes wholesale presence in Lloyd's market
Peta Fuller Postonline RSA is the latest insurer to push their wholesale business, with a move into the Lloyd’s building. -
RSA moves into Lloyd's building
Insurer takes ten desks to grow London Market wholesale business -
Be Wiser sets 350 new jobs target
Recruitment would take the broker to over 1,000 staff. -
Questgates appoints two new loss directors
Loss adjuster reviewing working practices to deliver more cost effective service -
Gallagher names Fisher to lead trade credit team
He will work alongside existing team managing director Martin Holland -
Lloyd's sets new common standards for cyber risks
Collaboration with risk modellers produces common terminology and definitions -
Insurance industry welcomes Fraud Taskforce report
’Insurers will do whatever it takes to protect honest customers,’ says ABI -
Aviva partners with parking app as insurers step up tech investment
AppyParking investment is part of $1bn global drive by insurers to harness new technology -
QBE's Cloney promoted to director general in Vietnam
Andrew Tjaardstra Postonline Anthony Cloney, a QBE veteran, has been promoted to director general in Vietnam. -
Zurich appoints Australia and New Zealand CEO
Andrew Tjaardstra Postonline Zurich has appointed Rajbir Singh Nanra as its CEO for Australia and New Zealand.
25 Jan 201623 Jan 201622 Jan 201621 Jan 201620 Jan 201618 Jan 201616 Jan 201615 Jan 201614 Jan 201613 Jan 2016
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