News
Axa strikes data access deal with Callcredit
Axa has partnered with Callcredit Information Group giving the insurer better access to credit checking and behavioural data tools.
Aviva mobile phones hit by third-party cyber attack
Hundreds of Aviva staff were hit by a cyber attack on the insurer's mobile phone technology supplier last month.
Compton leaves KPMG to join Mapfre in China
KPMG's head of insurance consulting for Mainland China Tony Compton is leaving the consultancy to join Spanish insurer Mapfre's Chinese operations.
Hong Kong ferry crashes in Macau
A TurboJet ferry traveling from Hong Kong to Macau crashed into a breakwater in Macau harbour on Friday morning injuring 70 people.
England fans excluded from World Cup elimination insurance
Chinese insurer Ancheng Insurance is offering World Cup insurance for fans to compensate for the disappointment of being eliminated from the tournament.
Manchester City partners with Indonesian insurer
English Premiership football champions Manchester City are partnering with Indonesian insurer Jiwasraya.
Legal & General shuts Belfast office
Legal & General has confirmed the closure of its Belfast office with the claims and customer service work carried out at the branch moved to Birmingham and Ipswich.
Liberty Insurance acquires Northern Ireland broker Hughes
Liberty Insurance has acquired Northern Ireland broker Hughes Insurance, according to Post's sister publication Insurance Age.
Wunelli targets US after striking deal with Chinese insurer
UK telematics provider Wunelli has signalled its intention to launch into the American and Chinese insurance markets following its takeover by US firm Lexis Nexis.
19 staff impacted as Towergate shifts Leeds HNW business to Surrey
Towergate is shifting high net worth business carried out by Premier Home Solutions in Leeds to Surrey with up to 19 staff expected to be affected by the move.
Swinton promotes two to account exec roles
Swinton has made two promotions within its Manchester head office elevating Matthew Collings and Ben Travis to personal lines account executive roles.
Balbinot’s Insurance Europe presidency extended
The chief insurance officer of Generali will serve an additional year as president of Insurance Europe after a vote at the European insurance and reinsurance federation’s General Assembly in Malta.
Biba welcomes ‘encouraging’ competition proposals
The British Insurance Brokers’ Association has issued its support to proposals from the Competition and Markets Authority to improve the UK’s dysfunctional motor market.
CHO hails competition probe backing for modified GTA
The Credit Hire Organisation has welcomed the Competition Market Authority’s proposals this morning as a validation for the general terms of agreement held between insurers and credit hire firms.
ABI heralds credit hire cap plans
The Association of British Insurers has welcomed plans to limit the cost of providing a replacement vehicle as an at-fault insurer as part of package of reforms unveiled the Competition and Markets Authority.
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.
RSA names Bergander permanent Scandinavia CEO
RSA has handed the permanent leadership of its Scandinavian unit to interim chief executive Patrick Bergander.
Competition watchdog calls for credit hire cap and 'wide' MFN ban
The Competition and Markets Authority has today revealed proposed changes for the UK’s private motor insurance market in a bid to increase competition and reduce costs for drivers.
China Life in talks to buy Canary Wharf property
China's largest life insurer China Life is in talks to buy a Canary Wharf property which law firm Clifford Chance uses as its headquarters.
AJ Gallagher gains regulatory approval for Wesfarmers broker deal
Regulatory approval has been granted for the A$1.1bn ($928m) acquisition by Arthur J Gallagher of Wesfarmers insurance broking operations.
XL bolsters Asia fine art and specie underwriting arm
Paul Le Boutillier, a senior fine art and specie underwriter, is relocating from London to Singapore.
Quindell shares down 20% at close after premium listing block
The value of Quindell’s stock has plummeted by 20% following the revelation the firm would not be able to attain a premium listing.
Profit margin slips by 1% at Tysers as chair eyes 'opportunities'
Tysers saw its Ebitda profit margin slip on a year-on-year basis from 19% in 2012 to 18%, despite recording 3% growth in overall revenues to £38.7m in 2013 (2012: £37.6m).