News
Halifax makes emergency payment following Southampton explosion
Loss adjusters from Lloyds Banking Group’s Halifax business are dealing with claims in the aftermath of a suspected gas explosion at a family home in Southampton last week.
Skuld extends London P&I offering
Skuld now has the capability to offer all of its P&I products from its office in London.
Airmic throws support behind Pool Re modernisation plans
Risk management association Airmic has claimed plans to modernise Pool Re will make the terrorism reinsurance scheme more attractive to business as well as diversifying its risk base.
One in 10 know a fraudulent whiplash claimant, Axa finds
One in 10 respondents to an Axa report admitted to either making, or knowing someone who has made, a fraudulent whiplash claim.
Arista names Leeds-based regional manager
Towergate-owned managing general agent Arista has recruited a new regional trading boss for the North East in the shape of a former UK General sales manager.
Price Forbes looks to Willis for accident and health hires
Price Forbes & Partners has launched an accident and health division as well as appointing Richard O'Brien as head of the area.
Insurers' ransom payments to be banned in Bill
A legislation change that will prevent insurers from making ransom payments to terrorist groups is expected to be announced today.
Devitt and LV Broker partner on motorcycle offering
Motorcycle insurance broker Devitt Insurance Services and LV Broker are launching a scheme for the motorcycle trade.
Weekend earthquakes rock Sichuan and Nagano
Two earthquakes over the weekend have caused extensive damage in China and Japan.
Aviva and Friends Life in takeover talks
Aviva and Friends Life have confirmed they have reached an agreement on the financial terms of a share combination of the two companies.
Moody’s raises default warnings in Towergate ratings
Moody’s amended its ratings to reflect an increased likelihood of Towergate defaulting, while also lowering ratings for bonds issued by the broker.
Axa completes management structure for merged claims division
Axa has unveiled the management structure for its claims operation following the merger of the direct and intermediated units, creating four distinct service channels.
Soundbite: Listen to Mark Cliff on his Brightside move
Ageas retail and distribution CEO Mark Cliff has told Post exactly what lured him to a new role as Brightside executive chairman.
Lords appoints special committee on the insurance Bill
Lords appoints special public bill committee on the long-awaited Insurance Bill.
L&G joins Tesco Bank underwriting panel
Legal and General has joined the home insurance underwriting panel for Tesco Bank.
Pool Re members vote in favour of Treasury retrocession changes
Pool Re members have voted unanimously in favour of approving the demands made by HM Treasury for changes to its retrocession agreement.
Cliff notes Anacap ambition ahead of Brightside move
Outgoing Ageas retail and distribution CEO Mark Cliff has cited a combination of ambition from backer Anacap, as well as a desire for a personal stake in his work, as key factors in luring him to Brightside.
CHO charter unlikely to garner ABI support
The Association of British Insurers has said it would be unlikely to sign up to the Credit Hire Organisation consumer charter due to practical and legal concerns about the document.
Underwriting Service Awards 2014: Winners revealed
Last night saw the fifth annual Underwriting Service Awards take place at the Royal Garden Hotel.
Ageas retail boss Cliff heads to Brightside
Brightside Group has named Ageas Retail CEO Mark Cliff as its new executive chairman, subject to regulatory approval.
China Re starts standalone Lloyd's syndicate
China's largest reinsurer has gained permission for Syndicate 2088 to be a standalone reinsurance entity to be managed by Catlin Underwriting Agencies.
Ageas adds three to specialist motor underwriting team
Ageas has created three new roles in its specialist motor underwriting team, filling the vacancies with recruits from Brightside, ERS and its own technical motor unit.
Insurance Technology 2014: Industry needs more 'digital evangelists'
The insurance industry needs a few ‘digital evangelists’ to cause a paradigm shift in boardroom attitudes to technology, according to panelists at Post’s Insurance Technology 2014 conference.
CHO lobbying MPs on concerns Ifed acts as ABI's 'private police force'
The Credit Hire Organisation has contacted members of parliament over its allegation the Insurance Fraud Enforcement Department will only accept cases referred to it by the Association of British Insurers.