News
Labour MPs considering PI fears for SME manifesto
Labour MPs are weighing the inclusion of employers' fears on workplace personal injury claims in the party's upcoming SME manifesto, following an Axa report on 'compensation culture'.
QBE appoints Simpkin chief information officer
QBE has appointed of Malc Simpkin as chief information officer.
Seven Quindell directors boost shareholding
Seven directors of outsourcing firm Quindell have bought shares in the company since Monday following volatility in the stock after the “defamatory” note released by Gotham City.
VRS Vericlaim to buy Ellis May
VRS Vericlaim is to acquire high net worth adjuster Ellis May, taking on 39 new staff in offices in Uxbridge, Leeds and Birmingham.
Hodges defends merits of network model following 2013 earnings slump
Towergate boss Mark Hodges has denied appetite for networks is dwindling and has tipped his own network division to bounce back this year in the wake of an almost 50% decline in earnings in 2013.
Germany set for direct business expansion
German insurers are set to benefit from a boosted proportion of direct business, according to a report from Fitch.
Willis profits rise in Q1 despite 'disappointing' global performance
Willis Group chalked up a 4.4% increase in revenues of $1.1bn (£652.5m) in the first quarter of 2013 alongside a rise in profit of $246m (Q1 2013: $219m).
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Towergate earnings slide 7% in 2013 as pre-tax losses hit £41m
Towergate saw its operating earnings drop 7% to £144.9m last year (2012: £156.2m) as profit within the consolidator’s Broker Network division plummeted 42%, with underwriting, Paymentshield and insurance brokers all contributing to the fall.
Peak Re forms Australian partnership
Peak Re and Sydney-based reinsurance consultancy MacquarRe have signed a co-operation agreement.
New Zealand regulator delays IAG Wesfarmers decision
The New Zealand regulator has once again delayed a decision on approving Insurance Australia Group's acquisition of Wesfarmers' underwriting division.
FWD opens in the Philippines
Hong Kong-based life insurer FWD to set-up in the Philippines.
Chinese regulator examines intermediary market
The China Insurance Regulatory Commission is attempting to clean up the intermediary market in the country.
ABI tracker reports 3% drop in quarterly motor premium rate
Data from the Association of British Insurers’ motor insurance premium tracker shows premiums in Q1 2014 fell 3% on the previous quarter.
Quindell sues Gotham City after research note sparks share price drop
Analysts urge outsourcer “to allay investors fears” ahead of main listing
Insurers braced for fresh wave of claims as Savile compensation ads published
Vigiliance needed due to fears over fraudulent claims
Brown’s RSA tenure is hailed as he prepares for Gallagher role
Replacing UK and Western Europe CEO seen as major task
Increased regulation is no excuse for service decline, brokers tell insurers
Survey shows insurers and brokers disagree over reason for customer service drop
Woolgrove admits interest in replacing RSA’s Brown
Outgoing Direct Line Group personal lines boss Tom Woolgrove has admitted interest in replacing Adrian Brown as UK and Western Europe chief executive at RSA.
Cunningham Lindsey unveils global specialty markets unit
Cunningham Lindsey has today pulled back the curtain on its new global specialty markets team, based in London.
Xchanging signs claims processing contract with London market
Xchanging has agreed a three-year claims processing contract to support its Lloyd’s customers.
Telematics uncovers fraud in £54k Aviva claim
Telematics was the key in the dismissal of a £54 000 personal injury claim placed with Aviva, according to a motor fraud investigation company.
ABI issues guide to assessing non-modelled cat risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.
Zurich hands UK CUO role to EMEA personal lines boss Fresneau
Zurich has named its head of personal lines for Europe, the Middle East and Africa as its new UK chief underwriting officer for general insurance.