News
Personal injury CMCs down by 38% as MoJ prepares fines consultation
The Ministry of Justice is preparing to follow up its consultation on introducing more stringent rules for claims management companies with a third inquiry into fines early next year, in a bid to further clamp down on unscrupulous practices.
Biba disappointed at government’s SME flood exclusion
The British Insurance Brokers’ Association has expressed its disappointment at the government’s decision to exclude SMEs from incoming flood legislation.
Esure promotes risk head Boland to CRO role
Esure has replaced retiring chief risk officer Andrew Whitehouse with its head of risk.
Hill Dickinson boosts regulation and insurance group teams
Law firm Hill Dickinson has made two appointments within its regulatory services group and insurance group with Louise Millington-Roberts and Richard Creamer joining the London office as partners.
Devine returns with Hubbard-backed broker
Former Ageas retail commercial director Brendan Devine is to launch a new motor panel broker in the first quarter of next year with UK General chief executive Peter Hubbard serving as a non-executive director.
Gallagher snaps up RSA's Fowler for regional sales role
Arthur J Gallagher has appointed former RSA broker account manager Pamela Fowler as regional sales director for Scotland and Northern Ireland.
A-Plan reports 3% turnover increase and branch expansion
High-street insurance broker A-Plan has reported a turnover of £55.7m for the year ended 28 February 2013. The result represents a 3% increase from the £54.1m turnover reported in 2012.
Biba to expand cost of regulation research to include non-EU markets
The British Insurance Brokers’ Association is revisiting research it conducted in 2011 on regulatory cost for brokers with plans to expand its scope to include key insurance markets outside the UK and Europe.
Autonet Insurance expands marketing network with Affiliate Window deal
Staffordshire-based insurance broker Autonet Insurance has struck a deal with marketing network agency Affiliate Window to source partnerships with organisations seeking vehicle insurance.
52 die in pipeline explosion in China
52 people have died in a pipeline explosion in the port of Qingdao in East China, according to local authorities and media.
R&Q named preferred credit control provider of LMA
Randall and Quilter has been selected as the preferred provider of credit control services by the Lloyd’s Market Association working group.
Swiss Re's Schnegg relocating to Singapore
Swiss Re's head of property and casualty and claims manager in Asia is relocating to Singapore from Switzerland at the beginning of January.
Fitch confident of Indonesian growth
Ratings agency Fitch has given Indonesia a stable outlook for both life and general insurance in 2014.
Howden hails Hyperion's combined marine arm
Hyperion chief executive David Howden is hopeful of building the world's leading marine broker by bringing together FP Group and Howden’s marine division to create a single marine broking arm.
SMEs and charities to be excluded from flood legislation
Small and medium sized enterprises are not to be included in Flood Re legislation, the government has announced.
Hyperion CEO tips combined marine arm to become global leader
Hyperion chief executive David Howden is hopeful of building the world's leading marine broker by bringing together FP Group and Howden’s marine division to create a single marine broking arm.
Aspen Reinsurance appoints head of North American surety
Aspen Reinsurance, the reinsurance segment of Aspen Insurance, has appointed Scott Hurlburt as senior vice president and head of North American surety.
BGL brands aim to double commercial vehicle base by 2015
Budget Insurance and Dial Direct are aiming to double their base of commercial vehicles over the next 14 months.
Carole Nash unveils ABS following New Law partnership
Motorcycle broking specialist Carole Nash has teamed up with New Law to launch a legal services proposition under the name of Carole Nash Legal Services.
Welsh asbestos bill passed
The Welsh Assembly has passed a bill allowing for the Welsh NHS to recover costs from the insurers of employers whose employees were exposed to asbestos.
Flood Re 'devalued' by affordability fears claims CII broking group
Flood Re is “devalued” by a lack of proposals to address issues of affordable premiums according to a paper from the Chartered Insurance Institute’s new generation broker group.
Insurers facing 'fundamental issues' ahead of Solvency II implementation
Only half of insurers understand the full impact of Solvency II, according to PA Consulting Group, which claims the industry must overcome “fundamental issues” in order to be ready in time.
ABI GI boss Evans urges insurers to prepare for future challenges
Insurers should start preparing for future challenges impacting their business in the face of regulatory changes and an increased focus on digital, the Association of British Insurers’ policy director and deputy director general has said.
Lance Armstrong settles with US insurer over $3bn lawsuit
Lance Armstrong has reached a settlement with Acceptance Insurance in relation to performance bonuses paid to him between 1999 and 2001.