News
LV Broker targets truck market
LV Broker has launched a truck product with increased cover and e-trading capability.
London company market income totals £24bn
Premium income written in the London company market reached nearly £18bn in 2012, according to a survey by the International Underwriting Association.
Recruitment agencies accused of mis-selling insurance
Recruitment agencies came under fire after the BBC claimed they are mis-selling personal accident insurance to temporary workers.
Zurich inks Accident Exchange settlement
Zurich has reached a settlement with credit hire firm Accident Exchange over more than 50 cases of disputed rates.
Helphire set to begin Autofocus settlement negotiations
Helphire Group will seek to make good its losses from the Autofocus debacle once it finishes examining documents for ‘several thousand’ cases.
Savage: Lloyd’s happy with cautious GWP growth
Lloyd’s director of finance and operations Luke Savage has declared himself satisfied with small increases in the gross written premiums recorded in the London market.
Go Skippy and Open GI strike five-year partnership
Insurance technology provider Go Skippy has signed a deal with Open GI to provide a range of technology such as M Commerce and Document Portal.
Road deaths fall 8% but serious injuries remain stable
A total of 195 723 people were killed or injured in road accidents reported to the police in 2012, down 4% on 2011, according to the Reported Road Casualties in Great Britain Annual Report.
China's telematics boom could take up to five years
The emergence of telematics in China will take three to five years, as the China Insurance Regulatory Commission begins to liberalize insurance terms and rates, according to technology research firm Celent.
Insurers could help tackle implications of global food security
The insurance industry could play a major role in ensuring global food security, as concerns over the food supply intensify in coming decades, according to Aon Benfield.
Nick Metcalf to lead new Liberty operation
Nick Metcalf has been named president and group managing director of Liberty Specialty Markets, a new operation created by integrating Liberty Mutual Insurance Group’s existing Lloyd’s Syndicate, Liberty Mutual Insurance Europe/LIU Europe, and its US…
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
Magnitude 7.7 quake hits Pakistan
A magnitude 7.7 earthquake struck southern Pakistan on Tuesday at 4:29pm local time, according to catastrophe modeling firm AIR Worldwide.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.
New claims firm rises from Quinn's ashes
A new claims settlement firm established by claims managers left “in limbo” following Liberty’s acquisition of Quinn’s UK portfolio, plans to replicate the Quinn model across the UK.
Woman jailed for bogus insurance claims
A London woman has today been jailed after making bogus travel and home insurance claims in an attempt to get £50 000.
Barbon names Totty CEO
Barbon Insurance Group has appointed former First Assist chief executive Martin Totty as its new CEO.
R&Q hires new underwriter from Beaufort
Randall & Quilter has appointed Gordon Breslin as class underwriter at Syndicate 1991.
Quindell acquires 26% stake in Canadian health group
Outsourcing firm Quindell Portfolio has extended its presence in North American with a 26% investment and option to acquire Canadian company PT Healthcare Solutions.
Four crash-for-cash scammers convicted of fraud
Four people involved in a crash-for-cash scam worth nearly £500 000 were found guilty of conspiracy to defraud insurance companies yesterday at the Sheffield Crown Court.
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Aviva tops lists of most valuable insurance brands
Aviva, RSA and Axa have topped a list of the UK’s top 50 most valuable insurance brands compiled by brand valuation agency Brand Finance.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.