News
Hiscox expands in Germany with online platform
Hiscox has launched a new direct and online insurance offering in Germany, aimed at businesses with up to €2.5m annual revenue in knowledge-based professions including IT, management and business consulting.
Zurich launches policy validation unit for brokers to help tackle fraud
Zurich has launched a dedicated policy validation unit in a bid to help personal lines brokers tackle fraud at the quote stage.
FCA will act on 'competition mandate' Wheatley warns
The Financial Conduct Authority’s plan to drive effective competition in all financial services markets is the biggest break with the old regime, chief executive Martin Wheatley said today.
FCA puts competition at the heart of new regime
Ensuring that there is effective competition in financial services markets is the most significant change to the Financial Conduct Authority’s new regulatory regime, chief executive Martin Wheatley said today.
Solvency II voted biggest regulatory challenge by EMEA insurers
Over 90% of insurers in Europe, the Middle East and Asia view Solvency II as the biggest regulatory challenge facing their organisation, according to a study by the Economist Intelligence Unit.
Solvency II is "biggest challenge" for 90% of EMEA insurers
Solvency II tops the list of the biggest regulatory challenge for insurers in Europe, the Middle East and Asia, according to a study by the Economist Intelligence Unit.
The Insurance Fraud Awards shortlist 2013
Growing once again in popularity, the fifth annual Insurance Fraud Awards received a record number of entries and we are delighted to announce the shortlist.
Volvo AEB system sparks reduced premiums for drivers
Volvo claims that its autonomous emergency braking system could save motorists up to £160 per year on their car insurance premiums, after the manufacturer declared the system will be fitted on most new models.
SSP revenues in marginal decline amid 'sluggish market'
Technology firm SSP’s annual results reveal a fall in revenue to £70.7m (2012: £71.7m) for the 12 months ended 31 March 2010.
Ghost broking battle gains impetus as Gumtree closes insurance platform
Brokers welcome the decision to dispense with the category
AIG appoints Jason Beelders to lead new partner network
Jason Beelders has been named head of AIG Europe’s newly formed multinational network partner practice, based in London.
Aviva faces cost backlash over adjusting panel cuts
Redundancies feared at Crawford after lost business.
Insurers left perplexed by FSB’s ‘global systematically important’ tag
Report highlights potential ratings impact for implicated insurers.
Plum in Northern Ireland move to grow footprint
Plum Underwriting is expanding its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
Oval secures £43m four year refinance deal
Oval has secured a £43m refinance package to support its growth plans, with Barclays and Lloyds providing the funding.
Paedophile teacher leaves council picking up £300 000 liability excess
North Somerset Council is facing the possibility of paying out £300 000 in insurance excesses professional indemnity claims relating to the victims of a paedophile teacher.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Guernsey's First Central considering bond issuance to fund growth plans
Guernsey-based motor underwriter First Central Insurance Services is looking into a bond issuance to help it raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
First Central considering bond issuance to help firm to go 'next level'
Guernsey-based motor underwriter First Central Insurance Services is considering a bond issuance in a bid to raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
Plum eyes further expansion after Northern Ireland move
Plum Underwriting has moved ahead with plans to expand its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
DirectAsia.com enters Hong Kong motorbike market
DirectAsia.com is entering the Hong Kong bike market by offering a reimbursement of the price difference if bikers can find cheaper motorcycle insurance elsewhere.
AIR appoints COO
Catastrophe modeling firm AIR Worldwide has appointed Bill Churney to the position of chief operating officer.
Willis says cat bond market needs to expand
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
L&G hires replacement customer services director
Legal & General has appointed Vanessa Sallows as customer services director for group protection, replacing Steve Ellis who has moved to another role within the company.