News
AA puts two-year-old ABS into run-off
The AA's alternative business structure, which started trading in December 2013, has entered into run-off following a strategic review.
Increase in FSCS levy to be greatest for insurers
Insurers will see the largest increase in the Financial Services Compensation Scheme levy when compared to other financial sectors, with the industry set to pay an extra £32m according to the FSCS’s 2016/17 plan.
Biba Manifesto 2016: Biba spotlights regulatory cost as members face new hike in fees
The cost of regulation continues to feature prominently in the British Insurance Brokers’ Association’s manifesto for 2016, alongside emerging areas such as a European referendum, the implications of the Vnuk tractor case and Flood Re exclusions.
EC Insurance Group CEO Brown to retire in June
EC Insurance Group CEO Roger Brown is to retire in June after seven years with the business, Post can reveal.
Government challenged to instigate fraud taskforce recommendations
The insurance industry has praised the final report of the Insurance Fraud Taskforce with the mantle now passed to government to work on implementing the suggested reforms.
MGA Imperium launches farm division with QIC Europe capacity
Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe.
Fraud detection program goes live at Swedish insurer Folksam
Claims fraud detection program FRISS is now live at major Swedish insurer, Folksam.
Impact of driverless cars to be discussed by industry group
Insurance and liability issues stemming from the development of driverless cars will be discussed by a group of 11 UK motor insurers led by the Association of British Insurers and Thatcham Research.
Biba index shows rise in private car premiums
Broker-led private car policies have seen a significant spike in premiums, according to the latest insurance price index from the British Insurance Brokers’ Association and Acturis.
Fraud Taskforce report hailed by insurers
Insurers have welcomed the final report published by the Insurance Fraud Taskforce, particularly the recognition of the complexities of tackling insurance fraud.
RSA pushes wholesale presence in Lloyd's market
RSA is the latest insurer to push its wholesale business, with a move into the Lloyd’s building.
Aviva's Mulholland named second industry Ifed secondee
Aviva's fraud investigation manager Vicki Mulholland is the second person selected to undertake a six-month secondment with the Insurance Fraud Enforcement Department.
Lloyd's partners with modelling firms on cyber data requirements
Lloyd's has agreed a common core set of data requirements for cyber risks in collaboration with modelling firms AIR Worldwide and RMS alongside the Cambridge Centre of Risk Studies.
QBE's Cloney promoted to director general in Vietnam
Anthony Cloney, a QBE veteran, has been promoted to director general in Vietnam.
Lloyd's Iranian oil insurance embargo lifted
Lloyd's of London has confirmed this week that its managing agents can offer cover for the transportation of Iranian oil and petroleum products again.
Zurich appoints Australia and New Zealand CEO
Zurich has appointed Rajbir Singh Nanra as its CEO for Australia and New Zealand.
Biba Manifesto 2016: Trudgill backs fraud taskforce findings
The British Insurance Brokers' Association has backed the recommendations raised in the Insurance Fraud Taskforce’s final report.
Fraud taskforce calls for SRA and government action in final report
The government has been challenged to deliver a regulatory strategy to clamp down on nuisance calls as part of the Insurance Fraud Taskforce’s final recommendations, which also call on the Solicitors Regulation Authority to get tougher on fraud.
Biba Manifesto 2016: Elderly customers agreement extended with ABI
The British Insurance Brokers' Association and the Association of British Insurers are continuing their 2012 agreement with government to improve transparency and access to insurance for elderly customers.
Biba Manifesto 2016: Brokers to be educated on cyber threat
The British Insurance Brokers’ Association is endeavouring to help members to reduce the risk of cyber-crime and to raise awareness of the benefits of suitable insurance protection.
Biba Manifesto 2016: EU urged to amend MID in view to Vnuk case
The British Insurance Brokers' Association is calling for the European Parliament, Council of Ministers and Commission to make a "small, surgical amendment' to the Motor Insurance Directive to exclude motorsports and other anomalies.
Ex-Lloyd’s CEO Ward joins Direct Line board
Richard Ward, the former CEO of Lloyd's, has joined Direct Line Group's board as a non-executive director and senior independent director.
LV selects Guidewire systems for underwriting management
LV has selected Guidewire Software's policy centre and billing centre products to help manage underwriting, policy administration and billing operations for its personal lines business.
Novae raids Marketform for A&H launch
Listed Lloyd's insurer Novae Group has launched an accident and health (A&H) offering with the hire of a five-strong team from Marketform.