News
Microinsurance and terrorism among top emerging risks opportunities for reinsurers
Aon Benfield has identified seven emerging risks it believes will provide reinsurers with business opportunities over the next five to 10 years.
Gallagher network Compass hits £645m GWP as 20 members join
Twenty brokers have joined Arthur J Gallagher's UK network Compass in the past six months taking the total gross written premium controlled by its members to £645m.
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.
Executives see technology investments as priority for boosting profitability
Insurance executives are beginning to recognise the importance investments in technology can play in boosting profitability, according to research by Interim Partners.
IFB to present business case to GIC in November
The Insurance Fraud Bureau is to present its business case to the General Insurance Council on 26 November with work to test the feasibility of identifying organised fraud networks in claims underwriting data expected to start this month (September).
Lockton hires Aon’s former sales head as SVP for the north
Lockton has appointed Kelvin Chadwick as a senior vice president for its north of England operations.
Government to tackle late claim payments in Enterprise Bill
The government is clamping down on late payment of insurance claims with its proposed Enterprise Bill by introducing a contractual requirement on insurers to pay claims to businesses within a reasonable time.
Quiz of the week - 18 September 2015
It's quiz time! Test your knowledge of the week's insurance news. Let us know how you do by sharing your score on Twitter with the hashtag #postquizscore...
Markerstudy signs up to My Licence following RDT upgrade
Markerstudy is engaging with the My Licence initiative following RDT’s upgrade of its administration platform Landscape.
Royal Charter for WCI 'adds lustre' to insurance industry
The Worshipful Company of Insurers was formally presented with its Royal Charter at a banquet in London’s historic Guildhall this week.
PWC sponsors insurance start-up accelerator
PWC’s UK insurance practice has joined up with the insurance accelerator programme at Start-up Bootcamp, a network for start-up companies.
Bought By Many to harness social media after buying pet insurance broker
UK start-up Bought By Many has acquired 100% of the shares in pet insurance broker Brooks Braithwaite (Sussex).
Willaert to succeed Graham as Ferma president
The Federation of European Risk Management Associations has announced its 2015/2016 executive committee to be led by president Jo Willaert.
Online modelling tool allows insurers to see crime hotspots by postcode
Insurers can gain easy access to crime hotspots by postcode under a new model launched by online map data provider Emapsite.
Deakin claims Towergate is ‘not a hierarchical team' ahead of Ross's arrival
Towergate insurance broking division head Janice Deakin says incoming CEO David Ross will be an "integral part" of the executive team when he joins the consolidator on 2 November.
Allianz appoints Newman as head of motor claims
Tony Newman has been formally appointed head of motor claims at Allianz, having been seconded to the role since September 2014.
Ex-Crawford boss Gladwell resurfaces at Innovation Group
Former Crawford & Company UK and Ireland CEO Greg Gladwell has resurfaced at Innovation Group where he has taken on the role of UK property managing director.
New entrants causing disruption for insurers attempting to embrace innovation
Nimble market entrants are increasingly causing disruption for established insurance market players in the race to innovate, according to an international report by KPMG.
JLT Employee Benefits to acquire Close Brothers' corporate arm
JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management for an undisclosed fee.
Video: Expertise A-Z: Q&A with Andy Wells
Using current databases and applying rating technology is making systems much more intelligent and expanding the size and types of business risk that electronic trading.
Laspo benefits questioned as Liverpool named UK's PI claims capital
More than half (55%) of road traffic accidents in Liverpool result in a claim leading to the Institute and Faculty of Actuaries naming the city the third party personal injury claims capital of the UK.
Towergate names leadership team to serve under Deakin
Towergate has confirmed the leadership team of its insurance broking business, comprised of the retail and advisory divisions, led by Janice Deakin, who joined the consolidator in August.
Consumer panel urges FCA to establish company rating system
The Financial Services Consumer Panel has called for the Financial Conduct Authority to establish a rating system to help the public determine which financial services firms are likely to treat them well.
Clyde & Co enters Scotland with Simpson & Marwick merger
Law firm Clyde & Co is to establish a Scottish presence through a merger with Simpson & Marwick, effective from 1 October.