News
Fraud a bigger concern among EMEA financial firms than global counterparts
Europe, Middle East and Africa based financial institutions are more concerned about risks related to fraud and employee dishonesty than their global counterparts, according to a study by Aon Risk Solutions.
Innovation Group restructures UK motor division
Innovation Group has consolidated its four UK motor brands, Crashworth, Gemini, Nobilas and Motorcare, to form a new division called Innovation Group Motor UK.
Former Gallagher Insurance Solutions MD follows Wallin to Brightside
The former managing director of Gallagher Insurance Solutions has been named as Brightside’s new commercial director, following the retirement of founder Paul Chase-Gardener.
XL launches exhibition financial loss product in UK
XL Group has launched its product for financial losses resulting from cancelled or abandoned fine art exhibitions in the UK.
Video: Managing General Agents' Association managing director Peter Staddon
Managing General Agents' Association managing director Peter Staddon talks to Post reporter Katie Marriner.
Hertzell seeking wide range of industry experts for fraud taskforce
The government taskforce set up to tackle insurance fraud will include a small number of senior representatives from the wider insurance industry, Law Commissioner David Hertzell has confirmed.
Chase Templeton premium income moves north of £100m with triple purchase
Private medical insurance specialist Chase Templeton has concluded 2014 by tying up a trio of acquisitions that are expected to generate £2m in annual premium income.
Confused targets ghost brokers in fraud project
Ghost brokers and organised fraud networks will be the initial focus of the Confused and Experian partnership to understand fraud at point of quote.
Flight MH17 wreckage arrives at Dutch airbase ahead of probe
Wreckage from the ill-fated Malaysia Airlines flight MH17 will be reconstructed after being transported to the Gilze-Rijen airbase in Holland as part of a probe into what brought the plane down.
Crawford hit with CMA enforcement order regarding GAB deal
The Competition and Markets Authority has launched an investigation into whether Crawford and Company’s acquisition of fellow loss adjuster GAB Robins will serve to diminish competition in the UK.
UK General completes Clydesdale-backed refinancing after handing more power to MDs
Leeds-based insurer UK General has refinanced debts with Clydesdale Bank in a bid to better position the business for growth after handing more power to its schemes, rural and commercial managing directors.
Insurers seek to replace Aviva at major Singapore bank
At least five insurers are attempting to win a contract to sell insurance and wealth management products to Singapore bank DBS's clients.
CMA takes Xchanging’s Agencyport purchase to in-depth probe
The Competition and Markets Authority has referred the acquisition of Agencyport by Xchanging for an in-depth investigation after the technology firm failed to respond to a request for reassurance.
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work
Pioneer Special Risk begins New York underwriting
Minova-owned managing general agent Pioneer Special Risk has formally commenced underwriting in New York.
Zurich names Eatock as new SME lead
Zurich has handed a promotion to SME transformation head Jason Eatock, who will now lead the SME unit.
Supply chain communications issues threaten insurers' reputation
Differing methods of communication compares poorly to other sectors
Canopius recruits Zurich’s UK accident and health boss
Canopius has named Zurich’s head of UK accident and health as the divisional underwriter for its own operation.
Pool Re-style cyber terrorism facility could stimulate the market for insurance
Cyber insurance concept raised at CFC Cyber Symposium
Trade bodies fight for re-worded clauses to be restored to Insurance Bill
Biba and Airmic address House of Lords' committee in attempt to restore axed clauses
Hertzell's fraud role coincides with Law Commission exit
David Hertzell's term as law commissioner is to end on 31 December, coinciding with his appointment as head of a taskforce to tackle insurance fraud.
Average policy savings of £15 predicted following My Licence launch
Motor Insurers’ Bureau CEO Ashton West has set his sights on the “the holy grail” of delivering claims data at the point of quote by 2016, following the launch of the My Licence initiative, which is expected to spark customer savings.
FCA reportedly axing bonuses over insurance scandal
The Financial Conduct Authority is set to cancel bonuses for several of its senior executives following leaks over an investigation into the insurance sector, according to the Financial Times.
Ex-Amlin and QBE project leader Day replaces Hobbs as IUA programme director
The International Underwriting Association has appointed Louise Day as programme director to lead company involvement in the London Market’s modernisation programme.