News
Towers Watson shareholders aim to block Willis merger
Towers Watson shareholders have filed several class action suits against the consultancy firm in the US over its planned merger with broker Willis.
FCA deems ex-Coversure franchisee Cleaver not 'fit and proper'
The Financial Conduct Authority has cancelled former Coversure franchisee Mark Cleaver's permission to carry on regulated activities.
One Call launches telematics app
Broker One Call Insurance has launched a new telematics solution – Live Drive – after completing a pilot earlier this year.
Zurich asks RSA to extend bid timeframe
Zurich has asked RSA for more time to make a formal offer for the business ahead of the bid deadline tomorrow, according to reports.
Axa and Biba to clamp down on fraud by educating customers
Axa has teamed up with the British Insurance Brokers’ Association to proactively educate customers on the definition, consequences and wider impact of committing fraud.
Amlin posts reduced profit in H1 due to 'change in accounting'
Amlin reported a fall in profit before tax to £143.3m in the first half of 2015 (H1 2014: £148.5m) due to changes in its accounting for catastrophe reinsurance earned premium.
Rong appointed CEO of JLT's China operations
Philip Rong has been appointed CEO for JLT China and general manager of JLT Lixin Insurance Brokers from 1 September.
Broker Network's insurer relations manager to join Axa
Broker Network’s insurer relations manager Dene Smith has left the organisation to head up Axa’s Birmingham branch.
Accident Exchange launches second investigation into dishonest hire rate evidence
Credit hire firm Accident Exchange has launched a second investigation into dishonest car hire rate evidence, six years after it played a role in exposing fraud perpetrated by rate surveyor Autofocus.
John Lewis enlists 'Monty the Penguin' team for new home insurance advert
John Lewis has enlisted the team behind its popular ‘Monty the Penguin’ Christmas advert for a new campaign to promote its home insurance products.
Deafness claims volume putting ‘strain’ on operational staff
Claims staff at many insurers are facing increased ‘operation strain’ as they struggle to deal with the high volume of noise-induced hearing loss notifications.
Ex-Top Mark boss Marchetti launches rival loss adjusting venture
Former Top Mark director and co-founder Martino Marchetti has launched a rival loss adjusting business based out of Glasgow and Belfast.
Thompsons demands MP action for motorists after insurer results statements
Law firm Thompsons Solicitors is demanding cross-party action from MPs after it criticised claims portal costs as being "punitive", "unrealistic" and set for the benefit of insurers.
Pen Underwriting hires regional business development team
Managing general agent brand Pen Underwriting has appointed a six-strong team of business development managers to strengthen its regional and specialist support to brokers across the UK.
Insurers set for Bank of England cyber security follow-up survey
The Bank of England is following up on a 2012 cyber survey to check whether management teams at insurance companies have increased how often they discuss cyber security.
Insurance quiz of the week - 22 August 2015
Test your knowledge of this week's insurance news.
IAG's full year profit declines 41%; Canterbury earthquake claims rise
Insurance Australia Group's after tax profits declined 41% for the full year to the end of June 2015 to A$728m (£338m) compared with A$1.23bn a year earlier.
Trade credit firms insuring record turnover amid economic upturn
An improving UK economy has seen trade credit insurers providing more cover to businesses than ever before, insuring turnover worth £315bn in 2014, according to figures by the Association of British Insurers.
Guy Carpenter director warns over contaminated cargo in Tianjin
Mark Shumway, managing director - strategic advisory, Asia-Pacific at Guy Carpenter has warned that failure to write off contaminated cargo losses in the port of Tianjin could lead to worse losses later.
Marsh marine manager in Asia to join Allied World
Post understands Tim Cooke, Marsh's Asian cargo practice leader, is leaving the global broker to join insurer Allied World.
Willis expands in Australia with CKA purchase
Willis Australia has acquired Perth-based broker CKA Risk Solutions for an undisclosed sum.
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
Swedish pet insurance market a model for UK players
The UK pet insurance market could learn a lot from its competitors in Sweden, according to technology firm Aquarium, particularly collaborating with partner agencies such as veterinarians and the police.
Aviva to become Norwich City community partner as sponsorship ends
Aviva has vowed to remain closely involved with Norwich City Football Club despite the insurer announcing that it will no longer serve as the club’s main sponsor.