News
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).
MPs briefed on benefits of upgrading 'broken' fire alarm system
Pressure is growing on politicians on the issue of introducing a low cost upgrade to automated fire alarms in a bid to improve reliability from 5% to 80%.
Hanks bolsters NED portfolio with Open GI and Powerplace role
Former Allianz Commercial general manager Chris Hanks has added to his non-executive portfolio after agreeing to join the board as a NED of Open GI and Powerplace.
Quindell blocked from premium listing move
Quindell will not be allowed to move to the London Stock Exchange’s main market, it has emerged, as a result of its rapid expansion.
DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
UK ranks 20th in global survey on supply chain resilience
The UK has been ranked 20th in FM Global's 2014 survey grading countries on their resilience to supply chain disruption.
Henderson sets up marine division
Henderson Insurance Brokers has established a marine division to take advantage of growing opportunities in the UK maritime and ports sector.
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
RMS opens Singapore office
Risk modeling firm RMS has opened their fourth office in Asia with a Singapore branch.
AIG appoints Hancock as CEO
AIG has announced its head of property and casualty Peter Hancock will replace outgoing CEO Robert Benmosche.
UK businesses missing growth opportunities through data breach fears
Organisations are more concerned with defending their information against data breaches or legal action than they are with using it to drive competitive advantage and growth, according to a new report by information management company Iron Mountain and…
Riot Act compensation cap threatens ‘ghettoisation’ of UK towns and cities
£2m turnover limit ‘not reflective’ of small businesses in 2014
‘User pays’ fees mooted for Claims Portal must be treated with caution
System is expected to be introduced in the fourth quarter of 2015
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Disaster Risk and Response Forum News - 12 June 2014
All the news from Post’s 2014 Disaster Risk and Response Forum
Lloyd’s upgraded to ‘AA-‘ by Fitch
Lloyd’s has been handed an improved insurer financial strength rating by Fitch, moving from “A+” to “AA-“.