News
Independent panel to investigate riots
The government is set to establish an independent panel to give victims of the riots a chance to "have their voice heard", Deputy Prime Minister Nick Clegg has announced.
Lloyd’s leads the way in medical tourism insurance
Lloyd’s has launched an insurance product that provides complications insurance for plastic surgeons globally to help protect patients who travel abroad for treatment.
Irish Central Bank launches PPI mis-selling investigation
The Irish Independent has reported that the Central Bank has launched a probe because of fears that consumers may have been mis-sold payment protection insurance on loans.
European PE firm makes third financial services acquisition
European private equity firm, Cinven, is to acquire Guardian Financial Services, the UK provider of life and pension products, from Aegon for an enterprise value of £275m.
Untapped pet premiums total almost £2.5bn
The pet insurance sector could offer providers close to £2.5bn in untapped premiums, according to a Defaqto report which found that around 69% of cats and 48% of dogs in the UK are uninsured.
Telematics could be the answer to managing UK’s “grey fleet”
Employees across the UK are leaving themselves exposed by failing to understand their responsibility when using own cars on company business.
Tropical storm Gert set to brush by Bermuda
Tropical storm Gert is expected to skirt Bermuda before turning back out to sea, away from the US east coast, according to AIR Worldwide.
Marsh offers small solicitor firms 'exclusive' PI deals
Marsh claims to have two exclusive insurer deals for small and mid-sized firms of solicitors to help tackle what it describes as a “challenging renewal season for solicitors’ professional indemnity (PI) insurance”.
Auction insurance offered as hammer comes down
Commercial property insurance broker Cadogan Keelan Westall is to attend Network Auctions’ National Auction Room in Hatfield so it can put items bought under the hammer on cover as soon as they have been purchased.
Airmic launches riots claims resource
Commercial insurance buyers group Airmic has compiled a list of expert resources for firms making riot-damage claims and says it will update with new advice as it arrives.
Bond Pearce hires catastrophic injury expert David Brown
Catastrophic injury claims defender David Brown has joined corporate law firm Bond Pearce as a senior associate specialising in casualty risks.
RMS unveils toolkit with building valuation
Risk Management Solutions has unveiled the latest version of its Data Quality Toolkit, which enables re/insurers to assess, manage, and improve the quality of their exposure data.
Solicitor insurers exploited ARP loophole
Insurers have used a loophole to under report premiums from solicitors’ professional indemnity insurance to cut payments to the Assigned Risk Pool, the Solicitors Regulation Authority has said.
Gallagher names Des O'Connor affinity boss
The UK arm of broker Arthur J Gallagher has promoted Des O'Connor to director of strategic development for affinity business.
Half of insurers have no complaints chief
Almost half of large UK insurers have failed to name a head of complaints – just two weeks before the Financial Services Authority deadline comes into effect.
Aviva Direct's caravan partner Victor Millwell to expand
Caravan specialist Victor Millwell expects to rapidly expand following Aviva Direct’s decision to use it as preferred provider of its motorhome insurance for customers seeking new or renewal quotes.
Towergate promotes head of legal and secretariat
Towergate Insurance has promoted Sam Clark to head of legal and secretariat.
Allianz picks Fix Auto for repairs
Allianz has signed a three-year deal with Fix Auto UK to run its national accident repair services.
IAG audit expert joins Grant Thornton
Grant Thornton has taken on IAG UK’s head of internal audit Sarah Talbott to lead its insurance internal audit services.
Merlin appoints SIU member for Yorkshire and North Midlands
Merlin has moved to recruit a new member to its Special Investigation Unit team.
Disqualifications up 23% in five years
The number of disqualification orders imposed on directors of insolvent companies jumped 4% last year to 1,437, up from 1,388 the year before, according to City law firm Reynolds Porter Chamberlain.
Zurich extends notification period to 30 days
Zurich Insurance has welcomed government plans to extend the period for lodging riot-related claims to 42 days by increasing its own notification period from seven to 30 days.
Eqecat helps ERD transfer European windstrom risks to capital markets
Catastrophe risk modeling firm Eqecat Inc has provided risk modeling services to Electricité Réseau Distribution France SA in the issuance of a €150m catastrophe bond transferring European windstorm risk to the capital markets.
Groupama holds firm on Societe Generale investment
Groupama SA has confirmed it has not sold any of its shares in Societe Generale SA, according to a report on Bloomberg, despite the stock plunging.