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Insurance
Insurance broker Besso has been ordered to pay a £315,000 fine to the Financial Conduct Authority (FCA) after the Authority found the broker’s bribery risk procedures to be inadequate. 20 March 2014
Insurance
Bermuda-based insurer Ironshore has opened a Financial Institutions unit which will be led by Christopher Brown of Ironshore’s Pembroke Managing Agency. 20 March 2014
Insurance
Allianz Deutschland AG has appointed a new CEO to oversee Central and Eastern Europe and the Middle East. Manfred Knof, who is also the member of the management board responsible for operations, will succeed Bruce Bowers. 20 March 2014
Insurance
Most re/insurers are now managing capital using metric-based frameworks and are publishing more about their risk management targets than ever before. 20 March 2014
News
Munich Re has appointed two new board members. 20 March 2014
Insurance
Lloyd’s insurer Advent has strengthened its specialty line offering with the appointment of Gary Cooke to its marine division as cargo underwriter. The division currently underwrites marine hull, war, liability, aviation war and specie insurance and reinsurance. 19 March 2014
Insurance
Allianz Global Corporate & Specialty SE (AGCS), the industrial and specialist risk insurer of Allianz Group, has created a new chief claims officer position on its Management Board. 19 March 2014
Insurance
The former head of risk management at pharmaceuticals manufacturer GlaxoSmithKline (GSK), Ian Thomson, has joined RK Harrison Group’s Healthcare team as a divisional director. 19 March 2014
Insurance
Industry leader Clive Cowdery has set his sights on Europe and the US for his latest ventures, after recently stepping down from the board of Resolution. 19 March 2014
Insurance
The Irish Government is said to be considering an additional levy on all non-life insurance policies to create a distress fund for those who have been denied flood insurance. 19 March 2014
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