News
Zurich & Ageas increase market share in household at expense of top five
Competitive mid-tier household insurers have been gaining market shares and market power at the expense of the top five UK household insurers, according to a report by Timetric UK FS Intelligence Center.
Axa renews £20m deal with Cherish Insurance Brokers
Axa Commercial Lines and Personal Intermediary has renewed a long-standing relationship with Essex-based Cherish Insurance Brokers.
Catlin agrees to sell Insure The Box stake to Aioi Nissay Dowa
Catlin Group has agreed to sell its stake in Box Innovation Group, to Aioi Nissay Dowa Insurance Company of Europe, a subsidiary of Japanese insurance giant MS & AD.
Home and motor premiums continue to fall shows Biba price index
The cost of home and motor insurance has continued to reduce in the last year, figures from the British Insurance Brokers' Association and Acturis Insurance Price Index show.
Insolvency Service investigating conduct of Drive Assist directors
The Insolvency Service is believed to be conducting an investigation into the behaviour and transactions of the directors of credit hire firm Drive Assist, according to the company’s liquidator Zolfo Cooper.
Plowman appointed chair of Older Drivers Task Force, which will seek evidence in New Year
The Road Safety Foundation has confirmed that its trustee and former civil servant John Plowman will chair the Older Drivers Task Force.
Easy Jet renews travel insurance contract with Allianz
Allianz Global Assistance in the UK has secured a three-year contract renewal with low cost airline Easy Jet.
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
Doctors urged to submit applications for Medco portal
Doctors wishing to provide medical reports under the new civil procedure rules have been asked to complete an expression of interest survey on the Medco website by 4 January 2015.
Tesco fraudster sentenced to three years after Operation Catcher sting
A fraudster who staged accidents with Tesco delivery vans has been sentenced to three years in prison.
Top Mark co-founder Marchetti exits the company
Martino Marchetti has left Scottish loss adjuster Top Mark with immediate effect.
Stackhouse Poland completes MBO, as Hester exits
Stackhouse Poland Holdings has completed a management buy-out by current equity holders, Jeremy Cary and James Agnew, together with recently appointed CEO Tim Johnson.
Generali enters Malaysia market with 49% acquisition
Italian giant Generali has bought a 49% stake in general insurer Multi-Purpose Insurance owned by Multi-Purpose Capital Holdings.
Suspected insurance fraudsters dealt with by Ifed tops 1000
The number of suspected insurance fraudsters dealt with by the Insurance Fraud Enforcement Department topped 1000 this week after detectives arrested four men in Wales.
Ex-SSL directors launch 'phoenix' company despite outstanding debts
The former directors of defunct SSL Loss Adjusting and Nimbus Contractors Network have launched a new business, despite owing outstanding debts to previous suppliers, Post understands.
Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
Insurers prepared for post-TRIPRA environment
Insurers operating in the US have reassured clients they will be covered for terrorism events once the US federal terrorism programme expires on 31 December.
RSA sells stake in Thai insurer Syn Mun Kong
RSA has completed the sale of its 21.75% holding in Thailand-based insurer Syn Mun Kong.
More than 250 Quindell investors seek class action
Law firm Your Legal Friend says it has been contacted by more than 250 current and former Quindell shareholders who are interested in pursuing a class action against the outsourcing company.
Aviva's commercial lines MD Foy exits business
Aviva’s commercial lines managing director Ian Foy is to depart after less than a year at the company.
Barbican launches new SPV at Lloyd's
Barbican Insurance Group is to launch a new special purpose syndicate following approval from Lloyd’s.
Integro acquires entertainment broker Ventura
Integro has acquired New York-based Ventura Insurance Brokerage a day after it announced its acquisition of Howard Global Insurance Services.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.