News
Mitsui to complete Amlin takeover next month
Mitsui Sumitomo Insurance Company's £3.47bn acquisition of Amlin is expected to complete on 1 February.
IPT pushes up home and motor rates, says AA
Home and motor premiums increased in Q4 2015, with the AA’s index pointing to the increase in Insurance Premium Tax shouldering at least some of the rise.
Mid-market push in Manchester for Axa
Andy Williamson has been appointed as Axa’s Manchester branch manager in a move to push the company’s ambitions in the region.
Apil president accuses insurers of 'hijacking' fraud taskforce
The Association of Personal Injury Lawyers’ president Jonathan Wheeler has accused the insurance industry of “hijacking” the insurance fraud taskforce and has expressed disappointment at its final recommendations.
Aviva Ventures backs UK parking app
Aviva's innovation fund, Aviva Ventures, has invested $1.5m (£1m) in an app that helps UK drivers find parking spaces.
NAHL says taskforce report no threat to short-term performance
National Accident Helpline generated reduced revenue in the second half of 2015, according to a trading update from NAHL Group which expects to report that revenues are up 15.7% for the year ended 31 December 2015.
UK and Ireland winter storms to cost Zurich $275m
Zurich is expecting to record an operating loss in general insurance for the fourth quarter of its financial year as a result of strong storms across the UK and Ireland.
XL Catlin opens Brisbane office
XL Catlin is adding to its offices in Melbourne and Sydney by opening a third Australian office in Brisbane.
Broking jobs to stay in Wales with government investment
Government backing for Welsh-based commercial broker Moorhouse Group will see almost 90 jobs created in the country, with the company previously considering outsourcing to South Africa.
Axa Corporate Solutions plans UK push under new CEO Brown
Axa Corporate Solutions, the global division of the French insurer that focuses on large corporate risks, is planning to grow the volume of business it sources from the UK market following the hiring of London market veteran and former Aon EMEA head Rob…
SRA backs fraud taskforce call to review fining powers
The Solicitors Regulation Authority has agreed with the Insurance Fraud Taskforce recommendation to review its fining abilities in order to make tackling fraud more effective.
The road to repair: how the industry has responded to flooding in Cumbria
The government is making grants available for flood resilient repairs.
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
AA puts two-year-old ABS into run-off
The AA's alternative business structure, which started trading in December 2013, has entered into run-off following a strategic review.
Increase in FSCS levy to be greatest for insurers
Insurers will see the largest increase in the Financial Services Compensation Scheme levy when compared to other financial sectors, with the industry set to pay an extra £32m according to the FSCS’s 2016/17 plan.
Biba Manifesto 2016: Biba spotlights regulatory cost as members face new hike in fees
The cost of regulation continues to feature prominently in the British Insurance Brokers’ Association’s manifesto for 2016, alongside emerging areas such as a European referendum, the implications of the Vnuk tractor case and Flood Re exclusions.
EC Insurance Group CEO Brown to retire in June
EC Insurance Group CEO Roger Brown is to retire in June after seven years with the business, Post can reveal.
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
MGA Imperium launches farm division with QIC Europe capacity
Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe.
Fraud detection program goes live at Swedish insurer Folksam
Claims fraud detection program FRISS is now live at major Swedish insurer, Folksam.
Impact of driverless cars to be discussed by industry group
Insurance and liability issues stemming from the development of driverless cars will be discussed by a group of 11 UK motor insurers led by the Association of British Insurers and Thatcham Research.
Biba index shows rise in private car premiums
Broker-led private car policies have seen a significant spike in premiums, according to the latest insurance price index from the British Insurance Brokers’ Association and Acturis.
Fraud Taskforce report hailed by insurers
Insurers have welcomed the final report published by the Insurance Fraud Taskforce, particularly the recognition of the complexities of tackling insurance fraud.
RSA pushes wholesale presence in Lloyd's market
RSA is the latest insurer to push its wholesale business, with a move into the Lloyd’s building.