News
DLG proposing 236 role cuts
Newly floated insurer Direct Line Group is set to begin the second phase of its cost cutting programme and has put 236 roles at risk.
Aviva puts 120 Sheffield jobs at risk
Aviva has announced that 120 roles in its Sheffield-based Asprea property claims centre are at risk as the insurer plans to simplify its claims process.
Ace study highlights business travel risk
The increasingly globalised business environment is driving concern about business travel risk among European companies, according to research published by Ace Group.
CII issues equality and diversity good practice guidance
The Chartered Insurance Institute has launched a new equality and diversity good practice guide for members, employers and the insurance and financial services professions to raise awareness and encourage best practice.
ABI’s Dalton slams claimant lawyers on Laspo review
The Association of British Insurers’ head of motor and liability James Dalton has condemned calls for a review of the Legal Aid, Sentencing and Punishment of Offenders Act.
Groupama passes £3m in declined motor premiums
Groupama Insurances has returned more than £3m in premiums through cancelling or voiding policies, as a result of new data screening processes.
South heads to Asia Pacific to run enlarged Marsh business
Former Marsh UK chief executive Martin South has been appointed CEO of Marsh Asia-Pacific, following a restructure of its international regions, which also sees a dedicated leader brought in to head up an enlarged European operation.
Biba appoints Jackson Lee Underwriting as GAP provider
The British Insurance Brokers’ Association has appointed Jackson Lee Underwriting as the exclusive provider of its new GAP insurance scheme which provides enhanced cover and levels of commission for association members.
Marsh reshuffles leadership of international divisions
Broker Marsh has combined its Asia and Pacific regions and appointed a dedicated leader for continental Europe, the commonwealth of independent states, and Turkey.
New partner joins Kennedys Hong Kong office
Kennedys Hong Kong office has welcomed a new partner in its Corporate and Commercial Group.
Hagen secures five more years as Vienna Insurance head
Peter Hagen has been reappointed chairman of the managing board of Vienna Insurance Group.
MPs challenge Paterson on flood stand-off
The Environment Food and Rural Affairs Committee has called on the government to act quickly to resolve its stand-off with insurers over the provision of affordable flood cover.
Broker sales on back-burner
The sale of Groupama-owned brokers Bollington and Carole Nash are said to be on the back-burner while the dust settles on Ageas’ acquisition of the UK insurance arm.
BGL prepares for gender-neutral pricing
The BGL Group has offered support to insurers as they implement gender-neutral premium rates to accommodate a legal shift that it describes as "the single biggest change in insurance rating in modern times".
Aggregator meerkats get into character on the Corrie set
Compare the Market has this week released a series of short video clips depicting the famous meerkats clan on the set of Coronation Street.
Purely sets sights on carving motor niche after Zenith capacity win
Motor intermediary looks to follow Sabre’s lead in ‘sticking to its knitting’
Tens of thousands face being priced out of flood cover
ABI admits its Flood Re model is dead in the water
Penny speed meets... Garry Simmons, associate director, head of property & liability claims, Sterling Insurance Group
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Three-year court battle results in double-edged compensation precedent
Expansion of potential defendants could spark abuse claim increase
Foil seeks collaboration with industry specialists in bid to maintain relevance
Association proclaims ‘important step for industry harmonisation’
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Square Mile obtains CII broking status
Commercial insurance brokers Square Mile has been awarded Chartered Insurance Institute status, having met the criteria relating to professionalism and capability.
China underinsured by $80bn: Lloyd's
China represents half of global underinsurance, according to a study from the Centre for Economic Business Research and Lloyd's.
Flood zones could see premiums rise 50%
PWC has warned that insurance premiums for flood cover could rise by as much as 50% depending on the severity of damage.