News
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Transport minister raises driverless car hacking concerns
The government is “mindful” of the threat posed by hackers to driverless vehicle technology and has suggested that future developments will require sophisticated encrypted protection.
Prospect of formal Quindell investigation raised in parliament
Pressure is mounting on embattled outsourcer Quindell after a former City minister posed a parliamentary question on whether the firm, its board and its advisers were being investigated or if any future probe was being considered.
Towergate sponsors London Broncos
Troubled broker to sponsor second division rugby league team the London Broncos for the next three years.
Berkshire Hathaway, Fosun and RSA: five leading 2014 Asia stories
Andrew Tjaardstra, Post's Asia editor, summaries five leading stories that made the headlines in Asia-Pacific over the year.
James Hallam reveals £200m growth plan
A merger or acquisition could be instrumental in a plan to build broker James Hallam from its current form as a top 30 UK independent broker into a major UK player of £200m gross written premium or more.
Lloyd’s hands Parry permanent finance reins
The Council of Lloyd’s has named John Parry as Lloyd’s permanent finance director with immediate effect.
MPs plotting to summon outgoing FCA execs
Two departing executives from the Financial Conduct Authority are set to be summoned to appear in front of the Treasury Select Committee over the mis-handling of changes to life insurance regulation.
Towergate PI team heads to Griffiths & Armour
Griffiths & Armour has recruited a team of professional indemnity specialists to bolster its professional risks division.
Zurich poaches QBE’s Whistler for UK vendor management role
Zurich has recruited Neil Whistler to serve as head of vendor management for UK claims from January 2015.
Regulated firms to pay for £3.8m FCA report
The cost of the investigation into the Financial Conduct Authority's handling of publicity around a proposed life insurance thematic review is to be borne by the firms it regulates.
Fusion Insurance opens Manchester office
Fusion Insurance has opened a Manchester office - its seventh trading office in the UK.
Insurers unfazed by CMA probe into Crawford's GAB acquisition
Insurer claims specialists are relaxed about the Competition and Markets Authority investigation into Crawford’s £45.8m acquisition of GAB Robins.
Alps agrees commercial breakdown deal with Higos
Auto Legal Protection Services has partnered with Higos to provide breakdown cover for commercial vehicles and fleet clients.
Be Wiser picks Open GI as commercial technology partner
Be Wiser has agreed a three-year deal for Open GI to be its commercial technology partner.
Aegis partners with PWC on cyber terrorism product
Lloyd’s syndicate Aegis London has launched a new cyber product in response to the growing threat of destructive attacks linked to on-going conflicts.
Quindell CEO plays down Terry’s share sale
Founder Rob Terry’s sale of 5% of Quindell’s total share capital has been played down by CEO Robert Fielding, despite the troubled firm’s share price dropping by a third over 24 hours.
Ageas secures £150m RBS loan for retail restructure
Ageas has obtained a loan of £150m from RBS Invoice Finance to help it restructure its retail business as announced in its Q3 results.
Capita seals three year Hiscox outsourcing contract extension
Hiscox has signed a three year contract renewal with outsourcer Capita Insurance Services.
RSA marine liabilities boss Hart joins Skuld as class underwriter
Marine insurer Skuld has appointed RSA’s Nick Hart as marine liability class underwriter.
Debenhams signs three year car insurance deal with Eldon
Eldon Insurance has agreed a three year partnership deal with Debenhams Retail that will result in the Newcastle-based firm providing car insurance for the retail firm.
Now Health appoints managing director in Beijing
Now Health has appointed Patrick Meng as director and general manager of Now Health’s Beijing branch.
Brisbane hailstorm insured costs rise to A$804m
November's powerful hailstorm in Brisbane has cost insurers and reinsurers A$804m ($669m/£426m) so far.
Founder Rob Terry dumps 5% of Quindell shares
Quindell’s founder and former chairman Rob Terry has offloaded a large swathe of his holdings in the firm over two weeks, with his stake dropping to below 3%.