News
Average UK motor premiums rise 0.3% in November
The average price of a new comprehensive motor policy rose 0.3% to £590 in November; the third successive month of price increases, according to the Towers Watson and Confused insurance price index.
Catlin in 'advanced discussions' to sell Insure the Box
Catlin Group has confirmed it is in advanced negotiations regarding the sale of its interest in Box Innovation Group.
XL Group makes offer for Lloyd's insurer Catlin
Catlin Group has confirmed it has received an approach from XL Group.
Ageas UK agrees new strategic partnership with Virgin Money
Ageas UK and Virgin Money have entered into an agreement that will see both businesses work together to create a range of home and motor insurance products for the UK market during 2015.
Integro snaps up London market bloodstock broker Howard Global
International insurance broker and risk management firm Integro has acquired Howard Global Insurance Services, a Lloyd’s-registered specialty broker.
Fusion hires former Gallagher client money manager
Towergate-owned MGA Fusion Insurance Services has appointed Sharon Welsh as regional operations manager.
XL launches chemical weapons product
XL Group's crisis management team has introduced a product covering chemical, biological, radiological and nuclear events.
A-Plan tipped to build branch network in the north following HG backing
The new financial backing secured by A-Plan reflects a vote of confidence in the branch business model, according to market insiders, who have tipped the high-street broker to build a presence outside its southern stronghold.
Law firm rallying Quindell shareholders for class suit
Law firm Your Legal Friend is encouraging shareholders that have lost money on their investment in Quindell to claim for professional negligence against the outsourcing company's board and advisers.
Gallagher swoops for former Towergate quartet to launch Cornish office
Arthur J Gallagher has opened an office in Cornwall after hiring four former Towergate employees.
Saga sets joining date for new CFO Hill
Saga’s incoming chief financial officer Jonathan Hill will be joining the firm in April, the over-50s insurance specialist has revealed.
Plum plots ‘accelerated’ expansion following Global Risk Partners-backed MBO
Specialist household MGA Plum Underwriting has completed a management buyout backed by London Market focussed consolidator Global Risk Partners.
China launches small business venture capital fund
The China Insurance Regulatory Commission is encouraging insurers to invest in a venture capital fund scheme for small companies.
Covéa launches new fleet product to boost commercial growth
Covéa Insurance, the UK subsidiary of French mutual Covéa, will launch a new fleet product for commercial brokers this month.
Tasker completes Pro Hospitality purchase
Tasker Insurance Group has completed its acquisition of broker Pro Hospitality.
Bermingham exits Xchanging as Lloyd's consolidates market on to new claims scheme
Xchanging Claims Services executive director Paul Bermingham has left the company following the accelerated progress of the Lloyd's claims transformation programme.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
FCA reputation diminished after damning Davis report
The Financial Conduct Authority has been left "diminished" by a damning report into its handling of publicity around a life insurance thematic review, according to certain market observers.
Beaumonts deal over a year in the making, claims Jelf CEO
Jelf and Yorkshire-based Beaumonts Insurance Group were in discussions for more than a year before the terms of the takeover were agreed, group CEO Alex Alway has revealed.
UK insurers undeterred on sharing society progress despite international Uber concerns
The banning of Uber in several territories will not deter the UK insurance industry's engagement with sharing economy companies, according to commentators, with telematics providers tipped to help small car-sharing organisations obtain cover.
Future sustainability of Pool Re to be achieved by modernisation in 2015
The Pool Re board is aiming to complete its modernisation of the 22-year-old terrorism facility by the end of next year.
Cyber risk underwriting a pressing issue for insurers in 2015, states EY
The growing threat of complex cyber crime will present businesses with significant challenges throughout the course of next year, according to analysis undertaken by EY.
Direct Line brand awareness dominance not translated in policy sales
Direct Line is failing to transform dominant brand awareness among consumers into policy sales, according to the latest Global Reviews UK motor insurance providers digital marketing effectiveness study.
Jelf builds northern presence with Beaumonts acquisition
Jelf has widened its footprint in the north of England with the acquisition of Yorkshire-based broker Beaumonts Insurance Group.