News
Ageas UK exits life market as net profit drops £22.8m
Storms in the first half of 2014 led to a net profit loss for Ageas UK of £22.8m despite strong second quarter results.
Towergate losses grow 52% as redundancy programme expands
Towergate has announced increased pre-tax losses for the first half of 2014, alongside adding an extra 100 staff to expected headcount reduction by year end.
Impact on market uncertain after commission ban on indemnity policies
Upfront commission payments on long-term indemnity policies are to be banned in Hong Kong from 1 January 2015.
Indian Insurance Bill caught in parliamentary disagreements
The long awaited reforms to open up India's insurance industry to more foreign capital have yet again been held up.
Insurers call for ‘fundamentally dishonest’ wording to be scrapped
House of Lords agreed to clause 45 of Criminal Justice and Courts Bill
Motor sector told to brace for new era as autonomous cars edge into view
Trials of driverless cars on UK roads set to commence early next year
Industry frustrated as CMA considers U-turn on capping credit hire costs
CHO boss Evans launches complaint to CMA over direct hire practices
ABI warns of financial hardship from Riot Act reforms
The Association of British Insurers has estimated for every £10 paid out in compensation after the London 2011 riots only £1 would be paid out under the reformed Riot (Damages) Act.
Gallagher adds two senior roles to growing Midlands division
Arthur J Gallagher has created two new regional management roles in the Midlands to drive growth in what is now its largest UK regional hub.
Novae profit rises despite rating and currency conditions
Novae Group has attributed a five percentage-point improvement to its combined ratio to 90.8% (H1 2013: 95.8%) in the first half of this year to a positive claims experience, resulting in an 89.4% increase in underwriting contribution to £19.7m (H1 2013:…
UK General offers protection against holiday home scams
Leeds-based insurer UK General has launched a policy protecting holidaymakers from unsatisfactory or non-existent holiday homes.
Evacuations ordered as Typhoon Halong approaches Japan
Half a million people have been ordered to evacuate from Japan's Shikoku island as Super Typhoon Halong approaches the shore.
Quindell shares down 12% on RAC deal rumours
Quindell’s share price has dropped 11.56% in one day’s trading after reports suggest a £100m telematics deal with RAC may have hit the rocks.
East England drivers UK’s worst says Aviva
Drivers in Aviva’s home territory of the East of England are among the UK’s worst according to figures produced by the insurer’s Drive smartphone app.
Covéa partners with VFM for fraud detection
Covéa has completed a deal with VFM to improve fraud detection across the insurer’s business.
RSA job cuts suggested by report
RSA is refusing to comment on a report suggesting it will announce "hundreds" of job cuts at its interim results on Thursday (7 August).
Chase Templeton continues growth strategy with three new deals
Private medical insurance group Chase Templeton has secure an additional £4.2m in annual premium income after completing three new deals.
Ex-Paymentshield CEO Johnson to lead Stackhouse Poland
Stackhouse Poland has appointed former Paymentshield chief executive Tim Johnson as group CEO.
Quindell denies RAC fall-out
Quindell has dismissed claims it has fallen-out with the RAC amid reports the roll-out of the companies' telematics joint venture has stalled.
Cunningham Lindsey hires RMA engineering team
Cunningham Lindsey has taken on RMA's engineering team which it calls a key development for the business.
Rehab code to be reviewed amid personal injury developments
The changing personal injury landscape has triggered the first review of the rehabilitation code in more than seven years.
Flood Re managing agent contract worth £6m per year
The tender for a managing agent for the Flood Re scheme has been published with an estimated annual contract value of £6m.
MoJ capping whiplash report costs at £180
The Ministry of Justice has laid out plans to limit the cost of whiplash medical assessment fees in England and Wales at £180.
Hiscox launches updated cyber product
Hiscox has launched an updated cyber and data insurance product giving more comprehensive cover.