News
Acromas offloads tax losses to Saga for £7.65m
Over-50s insurer Saga is to acquire tax losses from Acromas SPC Co and Acromas Mid Co - a 31.5% shareholder in Saga, worth £15.3m, according to a Saga trading statement.
Pre-April renewal flood victims facing hiked household premiums
Flood victims who are due to renew their household insurance policy before the April introduction of Flood Re will be faced with inflated premiums, amid widespread rate reductions elsewhere.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
MSIG explores telematics in Singapore with trial
MSIG is looking for drivers to participate in a six month study to analyse driver behaviour in Singapore.
Esure secures insurance fraud verdict over Breitling claim
Esure has won a victory in the fight against insurance fraud after a man was found guilty after falsely claiming on his home insurance policy for a £6000 Breitling watch he never owned.
First Central continues expansion with planned Manchester office
Personal lines motor broker First Central Insurance Management (FCIM), which trades under the First Central brand, is planning further expansion with the opening of a new Manchester office in the spring.
GAP product released for agriculture sector
Two specialist agriculture guaranteed asset protection (GAP) products have been launched by the XS Cover Company, via Malta-based protected cell company Building Block Insurance.
Esure appoints from DLG for senior underwriting role
Esure Group has appointed David Meader from Direct Line Group as head of motor underwriting.
First Central continues expansion with planned Manchester office
Personal lines motor broker First Central Insurance Management, which trades under the 1st Central brand, is planning further expansion with the opening of a new Manchester office in the spring.
Tulloch to focus on global role as Aviva hunts for new UKGI CEO
Aviva is on the lookout for a new UK general insurance CEO with Maurice Tulloch shifting his focus full-time to his responsibilities as global general insurance chairman.
ABI and Biba launch joint code for vulnerable customers
The Association of British Insurers and the British Insurance Brokers' Association have today (11 January) launched a joint code of good practice to help insurers and brokers recognise and help potentially vulnerable motor and home insurance customers.
Ageas teams up with Pii to cover landlords
Ageas has launched a new property owners' scheme in conjunction with underwriting agency Property Insurance Initiatives (Pii).
Zurich commercial broker and claims director Spencer to depart
Zurich UK’s commercial broker and claims services director Adrian Spencer is to step down at the end of January as part of wider cost cutting at the insurer, Post can reveal.
'Top choice' Fisher praised by industry figures
Sian Fisher's appointment as Chartered Insurance Institute CEO has won praise from industry leaders.
Man remanded in custody after Liverpool bomb scare in insurer's office
Merseyside Police on Friday (8 January) arrested a man who entered the premises of Munich Re subsidiary Groves, John & Westrup carrying a "suspect package".
Sian Fisher announced as CII CEO
The Chartered Insurance Institute has named former Arthur J Gallagher chief underwriting officer Sian Fisher as its new CEO.
HDI Gerling unveils new name
HDI Gerling Industrie Versicherung has rebranded to operate under the name HDI Global SE with immediate effect.
Flood victims given £24m by insurers in emergency payments so far
Insurers have forked out almost £24m so far on emergency payments to families and businesses effected by the floods caused by storms Desmond, Eva and Frank during December and over the New Year.
Principal snaps up second motorcycle book in quick succession
Manchester based Principal Insurance has acquired the motorcycle book of Simply Insurance in a deal that has been completed just days after the acquisition of a similar book from iGO4 Partners.
NZ$115m of New Zealand catastrophe insured losses in 2015
Natural disasters cost insurers in New Zealand NZ$115m (£52m) last year down from NZ$153m in 2014 according to the Insurance Council of New Zealand.
IAG used drones to help assess Victoria bushfire damage
Australian insurance giant IAG is using drones to help assess damage from bushfires for the first time.
A$60m of claims from Western Australia bushfires, says ICA
There has now been an estimated A$60m (£29m) of claims from bushfires in Western Australia according to the Insurance Council of Australia.
Axa moves 35 finance roles to India resulting in 33 UK redundancies
Axa has made 33 staff at its Lytham St Annes office in Lancashire redundant after a decision to move 35 credit control roles to Pune, India.
Capital capacity remains in reinsurance market as Solvency II hits
Excess capacity in reinsurance will continue through 2016 with European companies already factoring Solvency II into their buying strategies, according to analysis from Guy Carpenter.