News
Towergate on course to double 2011 acquisitions total, says M&A boss Saulter
The acquisition of two more insurance brokers has seen Towergate match the total number of deals it closed in 2011 in the first seven months of this year.
Career development: Catlin sponsors school science scheme
Catlin is sponsoring a new scheme encouraging students to take an interest in science.
Telematics Expo: Telematics set for mainstream, claims SSP boss
Telematics has a "mainstream" future despite its niche beginnings, according to SSP's managing director of insurance.
Telematics Expo: Feedback not a quick fix for improving driving standards
Incorporating a telematics box into a driver's car does not necessarily make a policyholder a safer or better driver, despite claims to the contrary.
Telematics Expo: Data fears unfounded in a social media world
A fear of telematics owing to data protection and privacy issues is outdated in a world where people voluntarily share so much information online.
Telematics Expo: Industry must take the telematics plunge
Insurers were warned not to pontificate over the 'VHS or Betamax' debate and immerse themselves in telematics now or risk falling behind.
Aviva parts company with director as McFarlane's shake-up takes effect
Aviva chairman John McFarlane has pressed ahead with his pledge to streamline the insurer's hierarchy by making long-serving director Mark Hynes redundant.
£300m broker levy "affordable", says FSA
The proposal to double the threshold for claims within the Financial Services Compensation Scheme to £300m for the general insurance broking sub-class was based on the "affordability" of the figure rather than on the likelihood of high-value claims.
Confused unveils new telematics service and TV advert
Confused has launched new telematics service with five insurers and is due to go live with a sixth, Hastings Direct, tomorrow.
Fitch affirms Generali's 'A-' IFS rating
Fitch has affirmed Assicurazioni Generali SpA's insurer financial strength rating at 'A-' and long-term issuer default rating at 'BBB+' on account of its solid operating performance. The outlook for both ratings is negative.
Law firms attack mesothelioma victims scheme for excluding other asbestos sufferers
Law firms have attacked the government's plans for a mesothelioma victims support scheme that excludes other asbestos sufferers.
Industry divided over RTA Portal extension deadline after Fenn report
The Ministry of Justice is sticking to its April 2013 deadline for the extension of the RTA Portal to cover a wider spectrum of personal injury claims, despite industry concerns that any changes will be rushed through.
Speculation mounts that RBS personal lines business will go out to tender
A wave of activity in the affinity space has led to speculation over the future of Royal Bank of Scotland's arrangement with UK Insurance as a provider of personal insurance for its banking customers.
Apil: Mesothelioma scheme is 'missed opportunity'
The Association of Personal Injury Lawyers has spoken of its disappointment that the government's proposal for a support scheme for mesothelioma victims "stops short" of providing full compensation.
Eiopa launches registered insurer database
The European Insurance and Occupational Pensions Authority has published a database of registered financial institutions in a bid to improve public awareness.
Scor hails renewals success with 24% premium increase
French insurer Scor Global P&C delivered a strong 24% premium increase at constant exchange rates to €462m during the June-July renewals.
Axa and Accident Exchange head to court over Autofocus evidence
Three Autofocus test cases involving Axa are to be heard in the Court of Appeal in a three-day hearing in October.
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.
Insurance CEOs see Asia as most important for growth
Insurance chief executives see Asia as the most important growth region over the next 12-24 months, according to a survey by the Geneva Association.
DWP launches insurer-funded support scheme for mesothelioma victims
Newly diagnosed victims of mesothelioma who are unable to claim compensation because they cannot trace a liable employer or employers’ liability insurer will receive help from today through an insurer-funded support scheme.
Insurance Fraud Awards 2012 shortlist announced
Post can today reveal the shortlist for the 2012 Insurance Fraud Awards.
Hiscox combines media, entertainment and events operations
Specialist insurer Hiscox has merged its global media, entertainment and events operations in response to the changing nature of the sector.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Macmillan Sheikh unveils unoccupied properties scheme
Specialist broker and underwriting agent Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties.