News
Review of the Year: General Insurance
The past year has been a rollercoaster ride for general insurers, with tough market conditions serving as a backdrop for highs, such as strategic consolidation and a £1bn whiplash windfall, and lows, including the Insurance Premium Tax hike and struggles…
DWF to acquire German law firm Bridgehouse Law
Defendant law firm DWF is to acquire German international commercial firm Bridgehouse Law on 1 January 2016.
Blanc hails ‘heartening' full-year figures at Aston Scott
Aston Scott Group has reported a 6.4% increase in its fee and commission income for the year ended 30 June 2015 to £17.8m (2014: £16.7m).
Towergate embarks on a 100-strong recruitment drive to grow sales force
Towergate Insurance Brokers is embarking on a recruitment drive of sales executives and sales leaders as it looks to grow its advisory sales force by 100 over the next two years and open new offices.
Lloyd's to launch index in 2016
Lloyd’s of London today plans to launch its own insurance-based index in mid-2016. The index will show diversified risk, loss ratios and be focused on insurance performance.
Covéa uses behavioural techniques to make policies easier to understand
Covéa Insurance has revamped its private car policy with the aim of making it easier to understand and more appealing for customers to read.
GAP product to go to market via Maltese PCC
Maltese protected cell company Building Block will partner with UK-based broker Nova Insurance to provide a new guaranteed asset protection (GAP) product.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Uncertainty around high risk corporate travel destinations may impact coverage
Countries that constitute 'high-risk destinations' are becoming a grey area for companies wanting to protect their employees during overseas corporate assignments, as terror incidents lead to demand for comprehensive multinational programmes.
Ex-LAS director Marshall joins former colleagues as MD of Evolution
Former LAS Claims Management client operations director Ritchie Marshall has become the latest former LAS senior staff member to reunite with company founder Darren Cooper at his new venture, Evolution Claims Management.
German investment firm snaps up one third of Stream UK
Stream Claims Services UK is gearing up for a year of organic growth ahead of future acquisitions in 2017 after a third of the business was sold to German venture investment firm Tiburon.
Slater and Gordon MD Grech warns government over RTA reform “backlash"
The boss of one of the UK's leading claimant law firms has warned about the "unintended consequences" if the government goes ahead with the reforms outlined in the Autumn Statement to combat compensation culture.
Brightside signs five-year breakdown deal with RAC
Brightside Group and the RAC have signed a five-year deal that will see the broker selling a variety of breakdown products to customers across its motor book.
Christmas burglars favour bicycles
Bicycles top the list of the most common items stolen in the Christmas period, followed by mobile phones, tablets and laptops, according to recent research.
Insurers top fintech innovator list but none from UK
Insurers have conquered a leading fintech innovation list revealed today (14 December), but the top spots went to those outside the UK.
Incoming Zurich CEO advised to 'regroup' as possible Senn successors are mooted
Zurich's next global CEO must focus on improving the company's property and casualty underwriting performance, with commentators pitching Mark Wilson and Tom Bolt among the front runners for the insurer's top job.
Letter of claim submitted on behalf of 342 Quindell investors
The law firm representing disgruntled shareholders of the technology solutions provider formerly known as Quindell has submitted its letter of claim on behalf of an initial 342 retail investors to the re-named Watchstone Group.
Caravan Guard sponsors wheelchair racing champion Hannah Cockroft
Halifax-based insurer Caravan Guard is sponsoring Paralympic and triple world champion Hannah Cockroft for the seventh year running.
Penny Black's Insurance Week - 17 December 2015
Penny marvels at ‘movel’ approvals.
Specialist cover launched for motorbike riders
A motorcycle product that allows riders to choose how much to insure their helmets and leathers is on offer from Loss Insurance Services.
European Council adopts insurance distribution directive
The European Council today (14 December) adopted a directive establishing new rules on insurance distribution designed to improve consumer protection for insurance products.
Berry Palmer & Lyle promotes Esdaile and Aspinall to joint MD role
Specialist credit and political risk insurance broker Berry Palmer & Lyle has appointed James Esdaile and Sian Aspinall as joint managing directors.