News
Hastings posts profit and expansion plans despite £20m discount rate hit
Hastings has made a 5% growth in profit despite taking a £20m hit from changes to the Ogden discount rate.
Penny Black's Social World – March 2017
Drones, drives and drinks
Strong insurance competition in Australia, says broker association
Australia's National Insurance Brokers' Association has responded to an Australian parliamentary inquiry into general insurance.
Benard swaps Axa Gulf for Generali Asia
Fabrice Benard has been appointed regional head of P&C retail for Italian giant Generali's Asia operations.
3XD ditches passwords in attempt to protect customers from hackers
Specialist insurance provider 3XD is trailing a new system that is designed to ditch the need for passwords.
Insurers call on Chancellor to set new discount rate within a year
Industry leaders urged the Chancellor yesterday to set a new discount rate within the year, director general of the Association off British Insurers Huw Evans said.
Principal acquires motorcycle book
Principal Insurance has acquired the motorcycle book from Rampdale, adding 7000 policies to its portfolio.
Clear Insurance Management acquires MPW Insurance Brokers
Clear Insurance Management has acquired Kent-based MPW Insurance Brokers, its largest acquisition to date.
CII joins professional bodies to form Chartered Body Alliance
The Chartered Insurance Institute has formed an alliance with two other chartered bodies in financial services.
One in four insurers failing mobile users
A quarter of insurers in the UK are failing to meet customers demand for a mobile and tablet optimised online experience.
MDP increases stake in Towergate following £40m rights offer
Towergate has completed its rights offer, raising £40m in additional investment.
Kennedys hires Hill Dickinson casualty team
International law firm Kennedys is to hire a 24-strong team from Hill Dickinson to boost its national personal injury practice.
Autonet hires 80 former Towergate staff for new Manchester office
Autonet Insurance Services has hired 80 former Towergate employees as it opens a new office in Manchester.
Brit launches US cyber team
Brit has launched new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed as senior vice president, to lead the offering.
Career file: Jim Bichard
Bichard has been appointed head of PWC’s UK insurance practice
JLT posts robust Asia-Pacific 2016 results
Last year UK-headquartered international broker JLT grew revenues and profits in Asia and was buoyed by a good employee benefits performance in Australia and New Zealand.
Government to 'urgently' consult on discount rate cut after insurer CEO meeting
The government has said that it will “progress urgently” a consultation on the Ogden discount rate and “carefully consider” all the evidence submitted following today’s meeting between insurers and the Treasury.
JLT backtracks on Brexit contingency plan statements
JLT has backtracked on earlier statements made in the year on the group’s contingency plans for Brexit.
Aviva takes £385m hit from discount rate cut
Aviva expects to take an exceptional charge to its 2016 profit after tax of approximately £385m as a result of the decision to cut the discount rate.
AGCS to reduce headcount by up to 10%
Allianz Global Corporate & Specialty is to reduce staff numbers by as much as 10%.
Biba commits to reducing premiums for young drivers
The British Insurance Brokers’ Association is set to urge the government to support its plan to reduce driving premiums for young drivers.
Fatal crash for cash scammers given prison sentences
Three crash for cash fraudsters have been sentenced after their scam killed an 88-year-old woman.
Crawford & Company reports improved financial results for 2016
Crawford & Company has reported improved financial results in 2016 with a net income attributable to shareholders of $36m (£28.9m), up from a net loss of $45.5m in 2015.
15 top insurance CEOs to meet Chancellor today over discount rate cut
The CEOs of 15 of the UK’s biggest motor and commercial liability insurers will today meet Chancellor Philip Hammond to urge an intervention on the government's decision to slash the Ogden discount rate.