News
Moore Stephens eyes Asia expansion for Rulebook
Advisory firm Moore Stephens' insurance arm is offering its underwriting tool to the Asian market.
Hurricane Matthew could cost insurers $8.8bn
Hurricane Matthew may cost insurers as much as $8.8bn, according to AIR Worldwide.
Foo Fighters withdraw suit against Lloyd’s insurers
A legal battle between the Foo Fighters and Lloyd’s of London insurers over compensation for cancellation of shows has been settled.
MPs call for stricter recall process on 'fire risk' white goods
MPs are being urged to back a recall list in order to make white goods safer as they pose a considerable fire risk to households.
Shareholders bring £155m suit against Slater & Gordon over Quindell purchase
Shareholders are seeking £155m in damages from law firm Slater and Gordon over its purchase of the professional services arm of Quindell.
Italian government extends funding to fix damage cause by quake
Damages caused by the recent earthquake in Italy will be paid out by the state, the Italian government decided earlier this week.
Asta promotes Peter Brightman to syndicate finance head
Asta has promoted Peter Brightman to head of syndicate finance succeeding Anthony Gordon, who is retiring.
CSC reduces headcount by 4% following acquisition of Xchanging
CSC has carried out a “swift” integration with Xchanging following its acquisition in May.
Bupa opens office in Switzerland
Bupa has opened a new office in Zurich in order to cater to the growing expatriate base in Switzerland.
Government to outline ‘further plans’ to tackle whiplash
The government will outline new plans for tackling whiplash “in due course”, the Ministry of Justice said.
Asian insurers urged to improve customer-centricity
Insurers need to have deeper engagement with their customers and understand the technology involved according to a senior panel discussion on customer-centricity at the East Asia Insurance Congress 2016.
Whiplash reforms 'have been shelved'
Whiplash reforms have been shelved by the Ministry of Justice, the Association of British Insurers has said.
Gable administration was 'inevitable', say brokers
Brokers have described Gable’s administration as “inevitable”, with those who still hold policies with the troubled Liechtenstein insurer being advised to immediately find new cover.
Insurer Gable goes into administration
Troubled insurer Gable has gone into administration because it couldn’t meet the obligations of Solvency II.
Claims Club Summit 2016: Historical sex abuse claims handling may need to be reformed
Insurers are being called on to reassess how historic abuse claims are handled so that they give more justice to abuse victims.
SSP calls for ‘increased scrutiny’ over software houses
SSP will welcome “increased scrutiny” from the Financial Conduct Authority in the wake of an outage that has affected a third of its customer base.
Matthew Stuttard to leave Swinton
Matthew Stuttard, Swinton’s regional commercial manager, has left the broker it has been confirmed.
Claims Club Summit 2016: Access to Justice extends olive branch to insurers
Access to Justice spokesman Craig Budsworth has extended an olive branch to insurers by suggesting that a middle ground can be found over whiplash reform.
Claims Club Summit 2016: Artificial intelligence could bring increased accuracy
Artificial intelligence could be used to make the claims process more efficient as robots are said to be able to complete tasks quicker and without errors.
Man injured in park gets compensation claim thrown out
A man who fell from an ornamental bridge in a park has had his compensation claim quashed in what Zurich has described as a “victory for common sense”.
Gallagher enters deal with University of Glasgow
Arthur J Gallagher is to provide risk management and insurance broking services to the University of Glasgow.
Marsh hires Wilis executive Ailsa King
Marsh has hired Ailsa King as chief client officer from Willis Towers Watson.
Brexit a 'stumbling block' for globalisation, Lloyd's Asia boss warns
The head of Lloyd's Asia-Pacific has described Brexit as "one of the biggest stumbling blocks for globalisation".
'Smart contracts' could mean lower premiums and efficient claims management
'Smart contracts' could help insurers settle claims quicker and provide better services and potentially save $21bn (£17bn) worth of claims costs globally.