News
MoJ: no changes to ATE market
The government has decided not to press ahead with the proposed changes to the recoverability of after-the-event insurance premiums.
DAS launches online claims monitor
DAS Legal Expenses insurance company has launched a new online claims tracking service. eClaims from DAS will allow both brokers and their customers to view their claim online nad track what stage their claim is at as well as view information currently…
MoJ: New fixed fee regime to be subject to further consultation
The government has concluded that implementing a new fixed fee claims process and the development of an assessment tool are to be put on the backburner.
Sagicor rebrands BSU
Sagicor Syndicate Holdings has rebranded Byrne and Stacey Underwriting as Sagicor Underwriting.
MoJ response: Insurers to have 15 days to respond on liability
The government has concluded that, as proposed in the consultation paper, insurers will have 15 working days in which to respond on liability.
MoJ: EL and PL claims not to included in new fast track regime
The government has confirmed Post's story that it proposes employers' liability and public liability claims will not be covered by the new fast track regime .
KGM appointments signal growth plans
KGM Motor Insurance, has made two key appointments. Doug Phelan has been brought on board as group development manager and Alexander Connon joins as agency manager for Scotland.
MoJ proposes fast track limit increase to £25 000
The government has proposed that the fast track limit be increased to £25 000.
MoJ confirms small claims limit to stay at £1000
The government remains of the view that the small claims limit for personal injury claims should remain at the current level of £1000.
MoJ: Personal injury reform response finally published
The Ministry of Justice has today published its long awaited response to its consultation on personal injury reform.
Evolution appoints three CEOs
Evolution Underwriting Group has announced changes to the board structures of the three companies within its group.
Aon replaces Ryan atop supervisory board
Aon said that it has elected Lester Knight to be its non-executive chairman of the board. He will replace former Aon architect Patrick Ryan, who will retire on 1 August.
Aon replaces leader of Aon France
Aon said it has added Damien Guermonprez chief executive officer of its Aon France unit to replace the outgoing Vincent Redier.
Sidley Austin hires four new insurance partners
Sidley Austin, the law firm, has announced the promotion of four insurance and financial services group lawyers as among the 34 lawyers which it has elevated to partnership in the firm effective 1 July.
MOJ personal injury response today
The Ministry of Justice response to the case track limits and the claims process for personal injury claims is out to today, Post can confirm.
Towergate raises £100m for latest acquisition spree
Towergate Financial today announces that it has raised over £100m to pursue its plans to acquire regional Independent Financial Advisers. Funding for the deal has largely been provided by The Royal Bank of Scotland, Lloyds TSB Corporate Markets and…
Axa UK: £720m more needed for adequate flood protection
Axa has called for "clear accountability and increased investment" to deal specifically with drainage problems that cause flooding, along with a larger financial commitment from central and local government to address infrastructure issues.
MoJ: No extensions for decisions on liability for insurers
The Government has concluded that there should be no extensions for decisions on liability for insurers.
Judge Richards sanctions schemes of arrangements by insurance pools
Mr Justice Richards has sanctioned all schemes of arrangement proposed by 82 companies in relation to their participation on four EW Payne Pools.
ACE completes redomiciliation to Switzerland
Ace Limited said it has completed the previously-announced re-domestication of the Company from the Cayman Islands to Zurich, Switzerland.
progress from Royal Liver enhances adviser extranet site
progress from Royal Liver will be introducing a number of system enhancements to its adviser extranet site on July 21st.
Aon appoints new managing director of ebusiness and market reform
Aon UK has appointed Ian Summers as managing director of ebusiness and market reform.
Czech risk managers join Ferma
The Association of Insurance and Risk Management Experts of the Czech Republic has been accepted as a member of the Federation of European Risk Management Associations.
Board changes at claims company
Geoff Somervail has stepped down from the board of claims facility provider, Resources in Insurance Group, the company announced today.