News
ABI calls on government for action on young driver safety
The Association of British Insurers has warned that Government stalling on its promise to improve young driver safety.
PPI investigation uncovers serious complaints handling issues
The Financial Conduct Authority has referred an unnamed firm to its enforcement division following an investigation into payment protection insurance, which found serious problems with complaint handling decisions and communications to customers at the…
Insurers invest in riskier assets amid QE uncertainty
Uncertainty around the quantitative easing introduced by central banks is hurting insurers’ income streams and driving them to invest in riskier assets, according to a Black Rock study.
Sartorel appointed CEO of Allianz Asia-Pacific
George Sartorel, currently CEO of Allianz in Italy, will assume new responsibility as regional CEO for the Asia Pacific region, effective 1 January 2014.
Cooper Gay posts organic growth of 5% for 2012
Cooper Gay and Company posted organic growth of 5% for the full year 2012.
Asta preparing to launch owner managed Lloyd's syndicate
Asta has been granted ‘in principle’ approval by the Lloyd’s Franchise Board for Asta Managing Agency to establish and manage a new owner managed syndicate.
Brokers confident they have professional indemnity gap covered
Many small website providers remain unaware of professional risks.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.
Money Supermarket slams rivals’ use of wide ‘most favoured nation’ clauses
Comparison site tells Competition Commission wide MFNs are ‘anti-competitive’.
Insurers rubbish accusation of Claims Portal bias against non-English names
Defendant solicitor says 60% of claims from ethnic names get flagged as fraud.
Quindell picks up 22.5% Nationwide Accident stake
Quindell has inked a deal for a 22.5% stake in Nationwide Accident Repair Services, the UK’s largest dedicated provider of accident repair.
Hill Dickinson Fraud Unit gains access to Met Police data set
The Metropolitan Police Service Amberhill is going to provide Hill Dickinson Fraud Unit with false identity data secured from illegal “identity and counterfeiting factories”.
Market Moves: Lockton among the major movers as new hires are made across the sector
Recruitment activity was spread across all sectors of the insurance industry this week. Busy among brokers was Lockton, with two appointments coming in the form of a new business development executive and an incoming senior yacht consultant. Loss…
Zurich to merge Middle East and Africa regional office with Europe
From 1 January 2014, Zurich's general insurance Middle East and Africa office based in Dubai will be merged with Zurich's Europe office in Dublin.
Landslides and floods kill 19 in the Philippines
Heavy monsoon rains in the Philippines have left at least 19 people dead, most of them children, according to state media.
Flooding reaches 23 Thai provinces
As a result of a heavier than usual monsoon season, 23 Thai floods are now experiencing flooding affecting 1.5m people.
Esure changes "unfair" policy terms at FCA's behest
Esure has agreed to change two of the terms and conditions in its home and motor insurance policies, following intervention from the Financial Conduct Authority.
Robin Spencer replaced at Aviva by Canadian CEO Tulloch
Aviva has replaced UK and Ireland general insurance chief executive Robin Spencer with the CEO of its Canadian business Maurice Tulloch.
Oxford swoops for RFIB team
Oxford Insurance Brokers has hired Dominic Hagger, Duncan Hopegood, Adrian Mortley, Mark Stanbury and Eloise Sanderson in a bid to drive growth in North America.
Asbestos victims must not be quick to dismiss Mesothelioma scheme
Asbestos victims must not make swift judgements unfairly condemning the mesothelioma scheme, Derek Adamson, partner, insurance head of occupational health and casualty at DWF said.
Allianz issues warning to businesses ahead of firefighters' strike
Businesses across the UK have been issued with risk management advice relating to fire safety precautions by Allianz, ahead of the first national firefighters' strike in more than a decade.
Premex Group reshuffles management team
Bolton-based Premex Group has announced a number of changes to its senior management structure.
Bereavement damages are a ‘postcode lottery’ say lawyers
Bereaved people in Scotland are treated more fairly than those in England and Wales when claiming damages for the loss of a family member, according to research by the Association of Personal Injury Lawyers.