News
FCA review finds claims service not working for SMEs
A Financial Conduct Authority review of insurance claims handling for SMEs has found the claims service is not consistently working in the interests of many businesses, resulting in a poor claims experience.
Fundamental changes to Medco ruled out despite early criticism
The Ministry of Justice is said to be reviewing Medco’s integration but will not consider a major overhaul amid criticism from law firms over the whiplash portal’s performance in the six weeks since its inception.
S&P grants Ageas A- rating with a positive outlook
For the first time since it withdrew its public information ratings in November 2014, Standard and Poor's has assigned Ageas an interactive rating of A- with a positive outlook.
Claims portals show drop in new claims
All Ministry of Justice claims portals registered double digit reductions in the number of new claims submitted over the first three months of the year, after several months of consecutive increases.
Biba finds 9% jump in black box policy sales
The number of live black box telematics policies has increased by 9% to 323,000 from 296,000 in December 2013, according to research from the British Insurance Brokers' Association.
Xchanging launches TPA adjusting service for London market
Outsourcing provider Xchanging has launched a new global third party administration adjusting service in the London market.
Hastings sees increases in first quarter GWP and revenue
Hastings has posted a 23% increase in gross written premiums for the first quarter of 2015, as well as a rise in the number of customers on its books.
Barriers to entry for brokers still too low, claims Biba deputy chair
Barriers to entry for the insurance broking industry remain too low, according to British Insurance Brokers' Association deputy chairman and Una Alliance director Tim Ryan.
Stuart Davies leaves Aegis London for Canopius role
Stuart Davies has resigned from his position as managing director of Aegis London and will take up the position of group CEO at Canopius.
Amlin celebrates ‘good start' to 2015
Amlin has reported a "good start" to 2015 for the first three months of the year.
RSA completes China sale
RSA has completed the sale of Sun Alliance Insurance (China) to Swiss Re Corporate Solutions.
RSA social media head Simons exits
RSA group social media head Ian Simons is to leave the business in June to pursue an external opportunity, the insurer has confirmed.
Wunelli boss Searles steps down amid 'record year'
Wunelli managing director Penny Searles has walked away from the telematics provider to pursue “other opportunities outside of the organisation”.
ICAB launches digital information portal
Insurance Claims Accommodation Bureau has launched a digital information portal to aid both claims handlers and policyholders with the details of their claims.
Aviva's commercial business gains CII chartered status
The Chartered Insurance Institute has granted chartered insurer status to Aviva’s commercial business.
Zurich wins ‘landmark' meso case in Supreme Court
The Supreme Court has today (20 May) unanimously ruled in favour of Zurich in a judgment that means an insurer will only have to compensate a solvent employer for the years they were on risk in cases of asbestos-related mesothelioma.
Axa to display previous year's premium on motor renewals
Axa has confirmed that it is now displaying last year's premium on motor renewals for its Axa Direct Brands.
Two thirds of SMEs unaware of D&O cover, Allianz survey finds
Allianz has jointly launched a white paper outlining the risks faced by company directors after a survey by the insurer found that two thirds of SME leaders are not aware of what directors & officers insurance is.
Allianz extends commercial offering via Applied Systems
Allianz has expanded its suite of commercial lines products available through software provider Applied Systems’ Applied TAM technology to include the insurer’s property owners, tradesman, and shop and office products.
Vienna Insurance Group sees first quarter GWP increase
Vienna Insurance Group has posted an increase in gross written premiums for the first quarter of 2015, but posted a decrease in profits before tax.
RFIB launches life reinsurance division
RFIB Group has launched a life reinsurance unit to be led by divisional director Michael Crawcour.
Product for non-insured Italian real estate risk developed
Besso Insurance Group have teamed up with Secure Legal Title to launch an insurance programme which mitigates a risk, never before covered by insurance, inherent in certain Italian real estate transactions.
Yorkshire broker to face jury on death by careless driving charge
The boss of a North Yorkshire broker Sean McClarron has appeared in court charged with causing the death of a 26-year-old motorcyclist through careless driving.
FP Marine's Bilney: 'Cargo rates are softest in my career'
Philip Bilney, CEO of Hong Kong-based marine specialist broker FP Marine, has warned that cargo rates are the softest he has seen in more than 30 years in insurance.