Category: info

BGL float ‘very likely’ next year – Matthew Donaldson

BGL float will happen when conditions are right, says chief executive Broking and price comparison group BGL is “very likely” to float on the stock exchange in 2018 if it decides this is the right course of action, according to chief executive Matthew Donaldson (pictured). The company, which owns UK price comparison site Comparethemarket as […]

JLT’s James Twining resurfaces to head up specialist broker

James Twining takes over from current chief executive of contractors insurance broker Former JLT commercial director James Twining has been appointed the new chief executive of Tewkesbury-based specialist broker Kingsbridge Group. Twining, who left JLT last April, is taking over from Kingsbridge founder and chief executive Steve Wynne, who will become deputy chairman. Wynne will […]

Hastings held failed merger talks with AA Insurance

Hastings and AA Insurance held preliminary merger talks Insurance Group Hastings held merger talks in the early summer with breakdown firm AA’s insurance business, the two companies revealed in stock exchange announcements this morning. Hastings said the talks with AA Insurance Services have now stopped. Both firms described the talks as “preliminary”. Hastings said: “Whilst Hastings […]

CFC launches dark web cyber tool

CFC Underwriting has launched a dark web cyber tool to monitor data breaches CFC Underwriting has launched a free dark web monitoring tool for its cyber insurance policyholders. CFC BreachAlert will notify policyholders in real time if any of their data is posted on the dark web or on other data breach, leak and dump […]

Admiral UK price comparison site names new chief executive

Change at the top for Admiral UK price comparison site Confused Admiral UK price comparison site Confused has promoted its finance director Louise O’Shea to chief executive, replacing existing chief executive Martin Coriat. Coriat is leaving Confused to head up sister Admiral-owned price comparison site LeLynx, which serves the French market. O’Shea has worked in the […]

Chubb bucks trend with choice of post-Brexit EU headquarters

Chubb chooses location for post-Brexit EU headquarters Insurance group Chubb has chosen Paris, France as the location for its post-Brexit EU headquarters. The company has bucked the trend set by many of its peers, which have largely opted for Belgium or Luxembourg for their new European hubs. Like many large global insurers, such as AIG and […]

Property scandal driving new wave of solicitors PI claims

Solicitors PI claims are surging because of new scandal, law firm and Institute of Directors warn A scandal in the property market could unleash a new wave of solicitors professional indemnity (PI) claims, law firm BLM and the Institute of Directors have warned. The scandal centres on ground rents – annual payments that leaseholders of […]

RSA claims specialist faces jail for defrauding his company

RSA claims specialist and one other sentenced for £280,000 fraud A former RSA claims specialist and an accomplice are facing jail after defrauding RSA of nearly £280,000 over a four-year period. Former RSA claims specialist Kevin Macey, 49, of Pennington Way in Fareham, was sentenced to three years and four months’ imprisonment for one count of […]

Insurers could face £100m extra GDPR costs

Insurers who don’t prepare for the new legislation could face £100m extra GDPR costs Home and motor insurers could face £100m extra costs from no longer being able to contact historic customers once the new GDPR data regulations come into effect – unless they take action now, warns Consumer Intelligence. When GDPR comes into effect next […]