News
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Mutual insurers welcome potential funding and M&A boost from new Bill
Bill could mean mutuals get level playing field with shareholder-based insurers
Towergate tipped to sell off parts of the business in wake of Hodges resignation
Change programme and debt are consolidator’s main challenges after departure
Insurers need to replicate Amazon model to attract young customers
Insurers need to think and act more like Amazon if they are going to engage with a new generation of connected customers.
BP Marsh admits Besso exit plan
BP Marsh CEO Brian Marsh has told Post the firm expects to exit its investment in Besso as the Lloyd’s broker seeks to continue its growth.
Insurers among secondary beneficiaries as Internet of Things takes hold
Insurance companies are likely to be among the secondary beneficiaries as the Internet of Things becomes more ubiquitous.
DAS suspends CEO in supplier investigation
DAS has suspended its CEO Paul Asplin after concerns were raised about a relationship between the legal expenses insurer and a supplier, as first revealed by Insurance Age.
BP Marsh increases pre-tax profit to £1.7m for H1
Niche venture capital provider B.P. Marsh & Partners, posted unaudited profit after tax of £1.7m for the six months to 31 July 2014.
Compliance deemed top challenge for multinationals, finds Ace survey
Risk managers surveyed by Ace have highlighted compliance and regulatory issues as their greatest challenges in managing multinational insurance programmes.
Compass hires Bennett for sales role
Compass Broker Services has appointed Scott Bennett as UK sales director.
D&O policies outside scope of FOS rules judge
A high court judge has delivered a boost to insurers by ruling that the Financial Ombudsman Services’ jurisdiction should not be extended to complaints from D&O insureds.
Wheatley appointed CEO of Guernsey Finance
Dominic Wheatley, formerly at Willis, to replace outgoing CEO Fiona Le Poidevin on 1 December.
Driverless cars could be mandatory within two generations predicts Teradata chief
Autonomous cars will be the norm within two generations according to experts speaking at the Teradata Partners conference.
Ecclesiastical promotes Saunders to commercial director
Ecclesiastical has looked internally to find a new commercial director, promoting corporate business and London regional director Adrian Saunders.
QBE announces multiple appointments as it unveils UK and Ireland business restructure
QBE European Operations has restructured its UK and Ireland business into three segments: corporate and large commercial, middle market and SME.
Insurers must learn from e-commerce mistakes with digital role integration
Insurance companies need to break down the walls between internal functions to get the most out of the digital marketing opportunities available today.
One-in-four motorists back compulsory in-car cameras
26% of UK motorists believe the Government should mandate in-car cameras in order to limit “crash for cash” schemes, according to a study from the RAC.
Willis and Miller in 'exclusive' talks
Willis and Miller have confirmed they have entered 'exclusive' talks ahead of a potential merger.
Ferma and ECIIA launch new guidance on corporate transparency
The Federation of European Risk Management Associations and the European Confederation of Institutes of Internal Auditing have issued a joint guidance document in response to increased EU requirements for more corporate transparency.
Aviva wins on ‘fundamentally dishonest’ whiplash claim
Aviva has declared victory in court battles over a low-speed whiplash claim, which has been ruled “fundamentally dishonest” by the court, with the claimant ordered to pay all of Aviva’s costs.
RFIB hires two from Willis to grow German business
RFIB Group has appointed Colin Pinder and Gary Blakesley as divisional directors to develop a predominantly German marine account.
Hiscox launches personal accident insurance product
Hiscox has launched a personal accident insurance product for the UK market.
Road Safety Foundation demands tax cut on telematics policies
The Road Safety Foundation has called for reductions on premium taxes on telematics-backed motor insurance policies for young drivers.
Ryan Direct Group agrees strategic deal with Am Trust
Ryan Direct Group is to acquire the rights to the commercial combined SME portfolio underwritten by Am Trust Underwriting.