News
Insurers can 'breathe easier' as Supreme Court clarifies the use of compulsory motor insurance
Supreme Court has ruled against Axa in a landmark dispute between a property damage insurer and a motor insurer over £2m fire claim.
More than a third of consumers feel no loyalty to their insurance provider
A third of UK consumers feel no loyalty to their insurance provider, according to a report.
FCA takes over CMC regulation
The Financial Conduct Authority now oversees regulation for claims management companies in England, Scotland and Wales.
April Fool's: Minion launches 'social media influencer' cover
Exclusive: Social media influencers can now be insured against the risk of losing followers on Twitter or Instagram, under a newly-launched product.
Brokers reluctant to talk about mental health issues in the workplace
Exclusive: Brokers are reluctant to discuss mental health issues in the workplace, research has shown.
Marsh completes JLT acquisition
Marsh & McLennan has completed its $5.6bn acquisition of JLT.
Axa loses ground to new entrants in Northern Ireland motor market
Axa dominates nearly a quarter of motor premium in Northern Ireland, but its hold is slipping owing to new market entrants, unofficial figures show.
Mactavish should share its cyber policy analysis if it has ‘true evidence’ of flaws: ABI
The Association of British Insurers has criticised Mactavish’s cyber challenge to insurers and brokers in a response to its CEO, saying it should share its analysis if it has ‘true evidence’ of flaws.
MoJ looks to extend fixed recoverable costs to £100,000
The Ministry of Justice has launched a consultation into extending fixed recoverable costs.
French insurer to set up UK branch as Brexit fail-safe
French insurance company La Parisienne Assurances will establish a third-country branch in the UK, in order to continuing operating in the country after Brexit.
Insurers criticised for ‘voiding’ of Irish policies
Insurers have been rebuked for “voiding” policies on the basis of non-disclosure.
Jelf CEO Phil Barton replaced by Anthony Gruppo
Marsh has appointed Anthony Gruppo as CEO of Jelf, as Phil Barton steps down with immediate effect.
Sabre posts £61.9m profit as it predicts 'uncertainty' for 2019
Sabre Insurance group posted a profit before tax of £61.9m for the year ended 31 December 2018, from £53.3m in 2017.
Vince Cable urges Premiership Rugby to review Gallagher sponsorship over UK CEO’s ‘complicated fat Arab’ slur
Liberal Democrat leader Vince Cable has written to Premiership Rugby CEO Mark McCafferty, urging the sport to review its commercial relationship with Gallagher after its UK CEO Simon Matson was revealed to have referred to an employee as a ‘complicated…
Claims Apprentice 2019: Episode 3 - Diversity & Inclusion
With Team Fortitudo emerging successful after the Debate challenge last week, the apprentices now move onto their second task.
Hyperion appoints Rebecca Scott as COO
Hyperion has appointed Rebecca Scott as group chief operating officer.
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Wrisk eyes £3m raise as it looks to launch car insurance
Exclusive: Insurtech Wrisk has launched a crowdfunding campaign to raise £750,000 as part of a series A round, as it gears up to begin offering car insurance.
New claimant sector trade body aims to 'detoxify the compensation culture'
Exclusive: A trade association has been launched to represent businesses that look after customers in the civil justice system, when they make a claim for insurance, injury, negligence and mis-selling.
David Ross denies 'implausible' allegation he tried to hire Matson
David Ross returned to the Royal Courts of Justice yesterday to finish giving evidence in the hearing of a dispute between Gallagher and Ardonagh.
Lloyd’s hit with £1bn loss in 2018
Lloyd’s of London was slammed with another vast loss in 2018, following on from its £2bn loss in 2017.
Industry could face ‘heavy-handed’ regulation if dual pricing isn’t fixed: Citizens Advice Bureau
The industry could see a “heavy handed” approach to dual pricing from the government, if it doesn’t do enough to tackle the issue by itself, the Citizens Advice Bureau warned at Post’s inaugural Reputation event.
Lloyd's will ban perpetrators of sexual harassment for life
Lloyd’s has developed a plan of action to create a ‘safe and inclusive’ working environment, following reports of sexual harassment, which could include lifetime bans for perpetrators.
Former Marsh and JLT employees air concerns over merger
Former employees have expressed concerns over the impact of the Marsh/JLT deal on the market and the brokers themselves, after a former main board director of JLT slated the deal as a potential ‘train wreck’ in a Linkedin blog.