News
Government lays out intention to attract more reinsurance business to UK
Government is to report on progress in attracting more reinsurance business to the UK at Budget 2015, according to today's Autumn Statement.
Osborne unveils tax relief on flood defence contributions
Chancellor George Osborne has pledged to cut taxes on business contributions on flood defences in order to encourage private sector investment.
Apprentice employers to benefit from National Insurance cuts
Employer National Insurance contributions for apprentices below the age of 25 are to be abolished, Chancellor of the Exchequer George Osborne announced in today's Autumn Statement.
Video: Combatting mobile and online insurance fraud, without disrupting the customer journey
It is currently estimated that there are over 5 billion connected devices in the world.
Octo adds services to CDL telematics hub
Octo Telematics has partnered with software provider CDL to combine its solutions with the CDL telematics hub and make them available to UK insurance retailers.
Aviva risk boss named IRM chair
Aviva’s group risk director José Morago has been appointed chairman of the Institute of Risk Management.
Biba outlines spending priorities ahead of Autumn Statement
The British Insurance Brokers' Association has set out its spending priorities for the forthcoming Autumn Statement highlighting apprenticeships, flood defence spending and Insurance Premium Tax relief on telematics products for young drivers as its…
Liberty’s Irish CEO O’Brien steps down
The CEO of Liberty Insurance in Ireland is to step down three years after being appointed to lead the reform of the formerly Seán Quinn-run business.
CMA threatens Xchanging with in-depth competition probe
The Competition and Markets Authority has pledged to undertake an in-depth investigation of Xchanging’s acquisition of Agencyport unless the firm can address concerns of the deal’s impact on competition.
Innovation Group inks £46m deal for motor service specialist as CEO departs
Innovation Group has revealed a deal to spend up to £46m on one of the UK’s leading motor service plan specialists, alongside announcing the departure of CEO Andy Roberts.
New Zealand expects 30cm sea level rise
The New Zealand Insurance Council has accepted a government report stating a 'locked in' 30cm rise in sea-levels.
Willis Re rolls out Japan tsunami risk model
Reinsurance broker Willis Re has developed the Willis Japan Tsunami Model.
‘Complementary’ Sterling deal tipped to boost Covéa’s growth ambitions
Insurer edges closer to top 20 insurers with acquisition of HNW specialist
Dual pricing looks certain to come under FCA spotlight warns ABI chairman
Evans equates practice to bank teaser rates currently being scrutinised by FCA
ABI 2014 Motor Conference round-up
All the big stories from the ABI motor conference.
Crawford EMEA boss denies GAB Robins deal will warrant claims handler job cuts
Rivals claim combined adjusters’ size will make it unattractive to small clients
More brokers could follow Gallagher in severing Towergate Underwriting ties
Broker predicts ‘bloodbath’ between Arthur J Gallagher and Towergate
PRA senior insurance managers regime sparks fears of bank-like regulation
Consultation reveals plan for more stringent controls on senior staff
ABI boss Evans urges fraud task force to take on CMCs
The Association of British Insurers has joined member firms in welcoming the government’s decision to launch a fraud task force, but claimed it must tackle claims management companies if it is to be deemed a success.
Insurers urged to avoid repeat of credit hire ‘debacle’ in future FCA reforms
Association of British Insurers chairman Paul Evans has called on member firms to “not wait until the last possible moment” to act on expected regulatory interest around introductory offers for new customers.
Gallagher's international development head to leave company
Arthur J. Gallagher’s chairman of international development John Hastings-Bass will retire from the company in January 2015, the broker said today.
MoJ’s Grayling outlines 1 April start for whiplash portal MedCo
The new regime to accredit and distribute work to medico legal firms will go live on 1 April 2015 it was announced today.
CMCs face new regulation after MoJ sets up Hertzell-led fraud task force
The Law Commissioner David Hertzell, pictured, is to chair a new government fraud task force that could lead the way for greater regulation of claims management companies.
No amendments added to 'fundamental dishonesty' Bill in Commons reading
The Criminal Justice and Courts Bill received no further amendments during its latest reading in the House of Commons yesterday, despite criticism from the shadow justice minister relating to clause 56 on fundamental dishonesty.