News
Ageas sees profits fall on back of summer storm damage
Ageas has seen profits of £43m in the third quarter, a fall 8% from £46.9m in the same period last year.
Over 80,000 landslides complicate New Zealand earthquake recovery
Australian, Canadian and US warships are heading to New Zealand's coastal town Kaikoura to help with evacuations following Monday's powerful earthquake.
Fully autonomous vehicles could be legal in Australia by 2020
The Australian government is pushing ahead with trials of autonomous vehicles which could see major legal changes over the next five years.
Almost all motor claims made last year were successful
The UK insurance market paid out £15bn to policyholders last year with 99% of private motor claims made being successful.
SSP fails in initial attempt to fix latest system outage
An initial attempt to fix the glitch that has plagued SSP users since late last week was unsuccessful, the software house warned brokers.
Three ex-IFED detectives boost Hastings' Specialist Investigations Unit
Hastings Insurance has hired three former police detectives to expand its counter-fraud capabilities and further develop its Specialist Investigations Unit, a dedicated team focused on tackling instances of serious and organised fraud.
Growth in SME market could offer opportunity for insurers
The UK small and medium-sized enterprises insurance market has continued to grow in light of a growing economy which has facilitated an increase in the number of enterprises and the opportunity to sell commercial insurance.
Towergate signs deal with safety scheme provider
Towergate has signed a "pivotal" deal with a national health and safety scheme provider.
Lloyd's appoints Paolo Vagnone as strategy and change director
Lloyd’s of London has appointed Paolo Vagnone to the newly created role of strategy and change director.
Brokers outraged as SSP's Pure platform outage continues
Brokers remain in the dark over what is causing connection issues with SSP’s Pure broking platform as for a third day in the space of a week customers have experienced connection problems.
Ex-RSA claims handler handed prison sentence and £37,000 fine
A former insurance claims handler has been ordered by Liverpool Crown Court to pay back £37,000 after being found guilty of illegally passing on customer details to a law firm.
RSA issues ultimatum to staff over redundancy terms
Union bosses are urging action against RSA after the insurer issued an ultimatum to staff over proposed changes to redundancy terms.
Mildura hailstorm costs insurers A$71m
The Insurance Council of Australia has declared a catastrophe in Mildura after a severe hailstorm on 11 November.
NAH leads calls for blanket ban on cold-calling
Over 70 organisations are calling on the government to put in place a blanket ban on cold-calling in the upcoming Autumn Statement.
FSCS pays out £2m to UK Enterprise motor policyholders
The Financial Services Compensation Scheme has paid out over £2m in return of motor premium claims to Enterprise policyholders in the past two weeks.
Norwegian Hull Club opens Lime Street office
The Norwegian Hull Club has opened its first underwriting office outside of Norway.
JLT to sell majority of Thistle UK to PIB Group
JLT will sell the majority of its Thistle UK business to PIB Group, subject to regulatory approval.
Argo Group acquires Ariel Re for £187m
Argo Group is to acquire Ariel Re for approximately $235m (£187m).
Weil: SME market 'great opportunity' for Marsh
Marsh’s UK CEO Mark Weil said the UK SME market is a “great opportunity” following Marsh’s acquisition of Bluefin from Axa.
Gable to take ‘robust’ defence against insolvency petition
Gable is taking “the most robust” action against its administrators over any petition to declare the company insolvent.
Dye: Allianz will be back in the black on personal lines
Allianz will see its profit boosted after eight months when its withdrawal from direct home and motor is completed.
Brokers offline again after SSP goes down
Brokers have been hit by further connectivity issues affecting SSP’s Pure Broking platform this morning.
Marsh's Bluefin acquisition raises concerns over customer choice
Marsh’s acquisition of Bluefin from Axa has seen a mixed reaction from rival broker networks.
#Post People 14 - 18 November 2016
Check out the latest movers and shakers.