News
Day 17: Brokers face losses of £100,000 from SSP outage
Brokers are still waiting to get access to the SSP Pure platform, with some facing shortfalls of up to £100,000.
Gibraltar insurers optimistic despite plan to close VAT loophole
A value-added-tax loophole that has been available for Gibraltar-based insurers doing business in the UK will be closed from next month.
Insurers should not be liable for software faults in driverless cars, ABI warns
Insurers should have a right to recover claim costs when a mechanical or software defect within a driverless car causes a crash, the Association of British Insurers has said.
Brokers call for standardised data format for driverless cars
Customers and brokers should have immediate and unrestricted access to all data from autonomous vehicle manufacturers in the event of a crash, the British Insurance Brokers' Association has said.
Post People: 12 - 19th September
Latest market moves in the insurance industry
Insurers need to 'up-skill' in order to offer better cyber policies
The need for cyber policies is growing but competency seems to be behind the curve among those who are underwriting the policies, say industry professionals.
Gable will delist from stock exchange because of 'regulatory burden'
Gable Holdings will delist its shares from the stock exchange in order to cut regulatory costs.
Rebranded Ed takes its name from Lloyd's roots
Newly rebranded Ed, the international broker formerly known as Cooper Gay, has revealed to Post the inspiration behind the name is Lloyd's founder Edward Lloyd.
Jon Hancock leaves RSA to join Lloyd’s
Jon Hancock, RSA's UK commercial director, will join Lloyd's as performance director.
Post unveils 2016 winners of the Rehabilitation Awards
The winners of this year’s Rehabilitation First Awards have been announced.
Third Gable board member resigns in a month
A third member of the board of beleaguered insurer Gable Holdings has stepped down in the space of a just over a month.
Cooper Gay rebrands as Ed
Cooper Gay has rebranded itself to Ed as newly inducted CEO Steve Hearn continues to put his stamp on the Lloyd's wholesale broker.
Biba will arrange meeting between SSP and brokers
The British Insurance Brokers’ Association will arrange a meeting between SSP and brokers that have lost business as a result of the SSP outage.
R&Q acquires RLGI run-off
Randall and Quilter has acquired RLGI, a UK non-life insurance company in run-off, from Royal London Mutual Insurance Society.
Claims Awards Asia-Pacific 2016: The winners
The winners of the Claims Awards Asia-Pacific 2016 were announced on 8 September in Singapore.
Consumers call on government to push through whiplash reforms
The majority of consumers are calling on the Government to reform whiplash compensation laws, according to new research.
Hundreds of key sites across England still threatened by flooding as government releases flood review
As many as 530 key infrastructure sites across England are still under threat from flooding, according to a new report.
Law Superstore could spark 'competitive tension' between law firms
A new law aggregator could bring innovation to the insurance sector by allowing customers to shop around for legal services.
Industry concerns are top of the agenda at party conferences
Brexit, the cost of regulation, increased spending on flood defences and uninsured drivers will be the hot topics that the insurance industry wants addressed ahead of this year's political party conferences.
Brokers ‘up to neck in accounts’ as problems at new SSP data centre resolved
Brokers who had experienced further outages this morning despite being reconnected to SSP’s Pure platform only yesterday, have seen service resumed.
Brokers restored to SSP are now offline again
The process of restoring service to brokers hit by the SSP outage has hit another hurdle after a key part of the software failed this morning.
James Gerry steps down from MGAA chair after six months
James Gerry has stepped down as chairman of the Managing General Agents Association after just six months on the job.
R&Q acquires Aegon GI run-off
Randall and Quilter has acquired the general insurance run-off business of Aegon Insurance Company.
Revealed: 10 insurers with the most complaints
Direct Line Group has received the highest number of general insurance related complaints in the first half of 2016, according to the latest figures from the Financial Ombudsman Service.