News
Ifed investigation leads to 18 month jail sentence for Southampton con man
A Southampton man who claimed £25,000 on insurance after creating fake invoices for items that he alleged had been stolen during a burglary at his home has been jailed for 18 months.
CMA private healthcare inquiry expected to rumble on despite positive findings
Health insurers are supporting the latest Competition and Markets Authority provisional findings released following an appeal of its final report into the private healthcare market, despite concerns the inquiry could rumble on for several more years.
Space support for planned subsidence mapping tool
A UK-based service to assess the risk of subsidence using satellite observations and property data is a step closer following a study.
Falling PPOs could bring good news for motor insurers
Motor insurers could see a strengthening of their position in coming cycles with one of the key factors inflating re/insurance prices levelling off for the first time.
XL Catlin recruits from AIG to bolster Australia crisis capabilities
Shelley Devane has joined XL Catlin to become its head of crisis management for Australia.
Aon opens global HQ in London's Cheesegrater
Aon has officially opened the Aon Centre at 122 Leadenhall Street, London, commonly known as the Cheesegrater.
Cobra Holdings acquires BKG West
Cobra Holdings has acquired independent commercial insurance broker BKG West.
Insurers invite CHO to discuss GTA issues next week
The Association of British Insurers General Terms of Agreement Technical Committee has invited the Credit Hire Organisation to meet with insurers on 24 November in an attempt to bring the stalemate over 2015/16 rates to a conclusion.
Collingwood receives PE backing to grow new product lines
Collingwood Insurance Company has confirmed private equity firm JZ International has become a majority investor in the business to help accelerate its growth plans.
Paris attacks to cost French economy up to $12bn
The deadly attacks in Paris on Friday night will cost the French economy between $9bn and $12bn over the next nine months, predicts Andrew Coburn, from the Cambridge Centre for Risk Studies.
Companies warned to prepare for steeper fines and custodial sentences for H&S breaches
Companies and individuals convicted of health and safety offences will respectively face steeper fines and be subject to custodial sentences when new sentencing guidelines come into effect in February 2016, according to law firm Kennedys.
#Wakeupinsurance: What is the Post Digital Insurance Collective?
This week Post launches a new exciting initiative, backed by a host of major players in the digital insurance space from start-ups, brokers and forward thinking composites.
Parabis Group confirms Plexus sale to original founders
Parabis Group has confirmed it is selling its defendant and consumer law firms to a consortium of private individuals led by two of its original founders.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.
Broker Network offers enhanced services to Premier and Advantage members
Broker Network is to enhance its services including business planning and training based on member feedback.
Arista's Earle joins Advent Solutions as non-executive chairman
Advent Solutions Holdings has appointed former Arista chairman Charles Earle as non-executive chairman.
Cobra UK and Ireland finalises MBO
Insurance broker Cobra UK and Ireland has finalised a management buyout, with the company to trade under its previous name, UK and Ireland Insurance Services.
Innovation Group rebrands software products
Outsourcing provider Innovation Group has rebranded its suite of software products as 1 Insurer.
Insurance scammers diversifying as crash-for-cash claims drop
Crash-for-cash claims have fallen by £60m since 2012, according to the Insurance Fraud Bureau, but liability fraud is on the rise.
Helvetia concludes withdrawal from Belgian market
Swiss insurer Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.
Risk mapping software for underwriters launched by Business Insight
Business Insight has launched a new risk mapping software for insurers.
Garwyn Ireland and Associated Loss Adjusters to rebrand as Davies Ireland
Garwyn Ireland and Associated Loss Adjusters will trade as Davies Ireland with managing director of Garwyn Ireland Peter Haran to lead the new group.
Groveland looks to expand following Hong Kong acquisition
Groveland Financial Services wants to partner with more brokers and talk to retiring brokers after integrating Swiss Insurance Partners' Hong Kong book.
Cooper Gay to sell US arm
Wholesale and specialty (re)insurance broker Cooper Gay Swett & Crawford has confirmed that it is putting its US business unit up for sale.