News
Towergate troubles fail to dent insurer support for Broker Network
Previous financial instability at Towergate has not deterred Broker Network's insurer partners standing by the organisation and its CEO Andy Fairchild, despite concerns members would be tempted to defect to other networks.
Pool Re modernisation initiatives to launch in October
Pool Re modernisation initiatives including an updated SME proposition, risk reflective pricing and enhancements to the customer experience will take effect from 1 October.
Arista picks Davies as claims handling partner
Arista Insurance has partnered with Davies Managed Systems to handle all of its property and liability claims.
Hiscox sees Q1 GWP rise 12%
Hiscox has reported a 12% increase in gross written premiums for the three months ended 31 March 2015 to £561.7m (Q1 2014: £501.6m).
Biba 2015: As it happened
Whether you couldn’t make it to Manchester, or just want to revisit the conference, we bring you all the news and views from Biba 2015 as they happened.
Biba 2015: Biba and Mactavish to unveil Insurance Act guide for brokers
The British Insurance Brokers’ Association and insurance governance specialist Mactavish are set to launch an introductory guide to the Insurance Act 2015 at the annual Biba conference tomorrow (13 May).
Claims Awards Asia - entries open today
Post is excited to bring you the Claims Awards Asia 2015 and entries open today (12 May).
Exemplary damages awarded for ‘very serious' exaggerated claim
Defendant law firm Keoghs has represented insurance company Esure in a case which resulted in both the claimant and their accident management company being ordered to pay exemplary damages totalling £67,250.
Biba 2015: Lorega Solutions launches broker business continuity offering
Loss recovery insurer Lorega Solutions has partnered with Basinger Consultants to produce a business continuity service for the broker market which will be launched at the 2015 British Insurance Brokers' Association conference this week.
PE investment and consolidation to continue in broking following flurry of deals
Consolidation and private equity investment are far from reaching their zenith in the broking sector, according to market insiders, who have tipped brokers Be Wiser, Jelf and Autonet Insurance Services as attractive prospects for buyers.
ULR Additions to rebrand as Motorplus
ULR Additions has vowed to refocus on the products and services “in which it excels” following a rebrand that will see the company name changed to Motorplus.
Brightside and Southern Rock reach out of court settlement
Brightside and Southern Rock bosses have reached an “amicable” settlement of all claims following a dispute in a number of areas that commenced in May last year.
Client demand tipped to trigger broader coverage for terrorism 'non-events'
The changing face of global terrorism is likely to cause an influx of insurance products to target terror-related threats as the scale and scope of terror events expand.
Allianz Global Assistance repatriates 55 travellers following Nepal quake
Travel assistance provider Allianz Global Assistance is continuing to provide assistance to travelers affected by last month’s earthquake in Nepal.
Gallagher merges GIS with UK retail and creates single underwriting unit
Gallagher Insurance Solutions managing director Martin Oliver will report in to incoming UK retail CEO Stuart Reid following a restructure at Arthur J Gallagher International.
IRM unveils guidance to ensure Solvency II risk models are 'fit for purpose'
The Institute of Risk Management’s Internal Model Industry Forum has published a guidance document based on its research into the effective validation of risk models created by the insurance industry to comply with the requirements of Solvency II.
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Davies forges claims handling deal with MGA Imperium
Managing general agent Imperium Insurance Management has appointed Davies Group to handle its property and liability claims as well as providing loss adjusting and supply chain services.
Towergate agrees five-year partnership with Allianz worth £770m
Towergate Insurance has extended its underwriting partnership with Allianz for a further five years.
Marintec and Partner Re strike strategic partnership
Italian underwriting agency Marintec has announced a strategic partnership with Partner Re Wholesale, the specialist SME division of global reinsurer Partner Re.
Biba unveils holiday home scheme alongside Intasure
The British Insurance Brokers’ Association has launched its first ever holiday home scheme in partnership with specialist Arthur J Gallagher subsidiary Intasure.
FCA finds insurers and brokers wanting on premium finance advice
The Financial Conduct Authority has found insurers and brokers do not always provide customers with clear information about payment options for general insurance products.
Jelf Group's H1 revenues jump 11%
Jelf Group's revenues have jumped 11% to £43.7m for the six months ended 31 March 2015 from £39.3m in 2014.
Chase Templeton snaps up SME broker Get Private
Private medical insurance specialist Chase Templeton has boosted its presence in the SME sector with the acquisition of London-based intermediary Get Private.