News
Medco suspends 134 'shell' companies
As many as 134 ‘shell’ companies have been suspended from the Medco system following the implementation of revised qualifying criteria.
Bluefin continues acquisition spree with Northern Alliance
Bluefin has continued its string of acquisitions this year with the capture of West Yorkshire-based Northern Alliance Brokers.
Gallagher names Charles Crawford as UK operations director
Arthur J Gallagher has appointed Charles Crawford as UK operations director, subject to regulatory approval.
Esure reports 15.9% rise in Q3 gross written premiums
Esure Group has reported a 15.9% rise in gross written premiums for the first nine months of 2016.
UK insurers likely to be impacted if Trump triumphs as stock market faces a ‘battering’
The UK stock market is likely to take a “battering” tomorrow if US presidential hopeful Donald Trump wins the election and UK insurers will not be immune to the fallout.
JLT Group reports 'resilient' performance in its interim results
JLT Group has reported a "resilient" performance of its risk and insurance businesses, in its interim results for 2016, despite pricing pressures in multiple markets caused by global economic uncertainty.
LA Fitness owner offers to buy remaining shares in Towergate
The private equity firm which bought 17.9% of Towergate has issued an offer to buy all remaining shares in the company.
Direct Line Group sees GWP rise by 4.2%
Direct Line Group has seen a 4.2% rise in gross written premiums in the first nine months of the year, compared to the same period last year.
Enterprise issued thousands of policies without authorisation
Enterprise Insurance wrote 10,000 UK roadside assistance policies in the UK without authorisation.
Towergate sells 17.9% of shares to LA Fitness owner
Towergate has been partially bought out by LA Fitness-owner Madison Dearborn Partners.
Only one insurance product will take part in FCA's regulatory sandbox
Out of the 24 applications submitted to join the FCA’s regulatory sandbox, just one of those was an insurance product.
Space X satellite explosion creates £158m loss for insurers
The insurance claim for the destruction of an Amos 6 satellite will total $196m (£158m) according to the Tel Aviv Stock Exchange.
SSP appoints Scott Holmes as relationship manager
Broker platform SSP has appointed Scott Holmes as relationship manager to its data and distribution division.
Barbon insurance to cut jobs as part of business restructure
Barbon Insurance is holding a consultation over a dozen jobs in its business following its takeover by Carlyle Group.
Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
R&Q to take on the Law Society of Ireland's run-off portfolio
Randall and Quilter Investment Holdings has bought the portfolio of the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund.
Prime Ministerial trips to India see UK edging closer to trade agreements
Recent trips to India have seen London take a step closer to trade agreements, with Lloyd’s ready to set up an Indian branch in 2017 and Sheffield tech firm joining the Prime Minister on her first trade trip.
Lloyd's to open Indian reinsurance branch in 2017
India's Insurance Regulatory and Development Authority has approved Lloyd's application for a reinsurance service in India.
Pre-med settlements are routinely undercutting claimants
Accident victims are routinely offered settlements by insurance companies that are several hundred pounds lower than the amount they are awarded if the case goes to court.
Dual CEO Bains will be replaced by regional board of executives
Talbir Bains, the CEO and chief underwriting officer of Dual, will be replaced in his role by a regional board of senior executives.
Insurance Fraud Summit 2016: Time for brokers and insurers to collaborate
More needs to be done to enhance the collaboration between brokers and insurers when addressing policy holder fraud, as brokers currently feel alienated from discussions.
Aviva appoints Patrick Tiernan as CFO
Aviva has appointed Patrick Tiernan as CFO of Aviva UK General Insurance.
LMG adds three new lines to PPL
Three new lines of business will launch on the London Market electronic placing platform PPL on Monday.