News
Cold calling ban on solicitors could be dropped by SRA
The rule which bans solicitors from cold-calling members of the public could be dropped as part of the Solicitors Regulation Authority handbook review, prompting lawyers and insurers to urge against the move.
Finch parent company acquires Swiss brokers Advantis
Verlingue, parent company of Manchester based corporate insurance broker Finch, has acquired Swiss commercial insurance brokers Advantis, an offshoot of the insurance handling arm of KPMG.
CPP will spend £6.5m on own platform rather than use SSP
A credit card insurer said it will spend £6.5m to develop its own IT platform rather than use SSP as a partner.
One third of UK firms now buy cyber cover
UK firms are taking increasingly seriously the need for adequate cyber insurance, with 29% of businesses now in the process of buying cover.
CCPC issues summonses to Irish motor insurers as premiums continue to rise
Major Irish motor insurers and brokers have been issued with witness summonses from the Competition and Consumer Protection Commission.
Lloyd's Market Association appoints Tom Hamill to lead delegated authority matters
The Lloyd’s Market Association has appointed Tom Hamill as senior executive, underwriting. Hammill will lead on all delegated authority matters, including binding authorities, lineslips, consortia and other facilities.
Industry braced for disruption from insurtech start-ups
Insurance professionals believe there will be an increase in new products and innovation in the coming years, driven by competition from disruptive insurtech firms, research has found.
Industry welcomes plans to build 'Great British Firewall'
The industry has welcomed plans to create a ‘Great British Firewall’ that will offer protection to major business against malicious cyber-attacks.
Ageas launch new app-based insurance to reel in millennials
Ageas have launched a new app-based insurance product aimed at millennials who feel their needs aren’t being met by traditional insurance products.
Keating leaves One Commercial to seek 'new challenges'
Mike Keating, managing director of Leeds-based insurer One Commercial has decided to leave the business after four years of service.
Neil Galjaard appointed divisional MD of Markel UK
Markel International has appointed Neil Galjaard as divisional managing director of Markel UK.
DWF joins Aviva in urging the government forward on whiplash reforms
Law firm DWF has joined Aviva in urging the prime minister to progress the promises made in last year’s Autumn Statement on whiplash reforms and the raising of the small claims limit.
Towergate launches London underwriting centre
Towergate has created a specialist London underwriting centre, led by Lloyd’s veteran David Leathem.
SSP declines to say when full service will be restored
SSP has declined to put a timeframe on when document archives will be restored to brokers.
Australian Securities and Investments Commission targets add-ons
Some of Australia's largest insurers have been named in a critical report examining car insurance add-ons sold by car dealers.
CILA enters into partnership with Malaysian Insurance Institute and Singapore College of Insurance
The Chartered Institute of Loss Adjusters has entered a partnership with the Malaysian Insurance Institute which will see the Malaysian body promote chartered status in the territory.
ABI fraud conference highlights the risk of cyber-fraud
Medium and expanding businesses have the most to fear from cyber-fraud, according to speakers at the Association of British Insurers Fraud Conference.
Success of 'fundamentally dishonest' defence could 're-write' rule book for insurers
A landmark ‘fundamentally dishonest’ ruling could 'rewrite the rulebook’ for defending disingenuous passenger claims.
Treasury Committee Brexit investigation could lead to the end of Solvency II
The Treasury Committee is set to examine Solvency II in the wake of Brexit, with the possibility of exiting the regulatory regime entirely.
'Social network for insurance' aims to revolutionise the market
Insurercore, a social network for insurance professionals, will be holding a workshop tomorrow night with young brokers and insurers ahead of its November launch.
Esure decision to demerge Go Compare not driven by Solvency II
After its decision to demerge the price comparison site Go Compare and list it in the stock market, Esure have denied claims that the move was driven by Solvency II.
AIG former chairman Hank Greenberg trial begins
Former AIG chairman Hank Greenberg is set to go to trial today on charges of accounting fraud dating back 16 years.
James Hallam creates sport division with three appointments
James Hallam has created a sport division with the appointments of James Martin, Jon Salmon and Anne Barden.
Norwegian tie-up with Gable hangs over solvency concerns
One of the largest trade organisations in Norway has asked its broker for alternative cover arrangements after its insurer, Lichtenstein-insurer Gable Holdings, stopped writing new business.