News
Biba urges government to ring-fence further IPT revenue for flood defences
The British Insurance Brokers' Association is calling on the government to ring-fence extra revenue from the Insurance Premium Tax for flood defences.
Government 'does not understand' cyber threat to driverless cars
The government does not fully understand the risk posed to driverless cars by hackers, Parliament heard.
Insurers 'must adapt lines to changing terrorist threat'
Insurers must create new lines of cover to protect against the changing threat of terrorism, according to a new report.
Nephila Capital and Blenheim strike capital deal
Nephila Capital and Blenheim Syndicate have entered into a capital relationship.
XL Catlin reports decrease in GWP in Q3 2016
XL Catlin has seen a decrease in its gross written premiums due to higher premiums costs.
Insurance Europe sets out demands for IPID
Insurance Europe has published an insight briefing urging the European Insurance and Occupational Pensions Authority to simplify the insurance product information document.
Vantage holdings set to acquire more brokers following NSM acquisition
NSM has acquired Vantage Holdings, owner of outdoor leisure and liability broker Vantage Insurance Services and Classic Insurance Services.
Fadata increases investment in Nordic region with new Stockholm office
Fadata has decided to increase its investment in the Nordic region through the launch of its new office in Stockholm.
Reid's departure from Gallagher doesn't shock brokers
Gallagher retail CEO Stuart Reid’s mutual departure from the group has come as no surprise to brokers.
Stuart Reid leaves Gallagher
A J Gallagher retail CEO Stuart Reid is to leave his position after being made to wait for over a year for Financial Conduct Authority approval.
Supreme court rules in AIG's favour against Impact
The Supreme Court yesterday allowed AIG’s appeal against Impact Funding Solutions by a majority of four to one.
Claims Awards Asia-Pacific Winner's Interview: Lifetime Achievement
Post interviews Marsh's Graham Purdon - the winner of the Claims Awards Asia-Pacific 2016 Lifetime Achievement Award.
AA urges chancellor to 'keep his hands' off IPT
The AA has urged chancellor Philip Hammond to “keep his hands” off Insurance Premium Tax as the insurer's latest British Insurance Premium Index reveals a mixed bag for homeowners.
AIG raises property terrorism limits to $1bn
American International Group has raised its property terrorism insurance limits globally to $1bn (£800m).
Lorega hires four directors to build new product lines
Lorega has appointed four new directors as part of the MGA’s growth strategy.
Gibraltar launches ‘major investigation’ into Enterprise board
Gibraltar will launch a “major investigation” into whether Enterprise Insurance misled its financial watchdog over its financial position.
FCA will not make it easier for new entrants to market
The Financial Conduct Authority will not be lowering the threshold requirements for new brokers wishing to enter the market.
Bollington to transfer 3500 policies affected by Enterprise
Bollington Underwriting will block transfer 3500 policies affected by the Enterprise collapse to a new provider.
Hiscox offers $1bn fine art consortium
Hiscox has launched a new $1bn fine art consortium to better handle placing large risks within Lloyd’s.
Medco qualifying criteria 'isn’t a good enough solution for whiplash culture'
The Ministry of Justice has published a revised set of "qualifying criteria" which applies to MROs that are registered on the Medco system.
Dominic Casserley to leave Willis Towers Watson
Willis Towers Watson president and deputy CEO Dominic Casserley will be leaving the group in December after three years.
FCA seeks vote of confidence from industry on its approach
The Financial Conduct Authority is seeking a vote of confidence from the industry on its current regulatory approach.
Acquisitive Davies eyes I-Cog as it closes in on latest niche deal
Acquisitive claims and loss adjusting group Davies is in advanced negotiations which could see it seal its fifth bolt-on acquisition in 24 months.
FSCS starts refunding motor premiums of Enterprise customers
The Financial Services Compensation Scheme will refund motor policies for customers affected by the Enterprise collapse from today.