News
DfT tipped to focus on telematics in announcement on young driver safety
Government thought to have sought reports from three telematics providers
UK firms warned over capitalising on Russian insurers’ exit from Ukraine
Conflict in the region tipped to push Ukrainian business westward
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms
CMA private motor market report: Mooted ‘wide’ MFN clause ban could offset rate rises resulting from CMA inaction
Authority’s decision not to intervene on credit hire costs ‘a bitter pill to swallow’
CMA private motor market report: GTA demise ‘only a matter of time’ after CMA fails to find credit hire cost remedy
Only hope for industry-wide change could be ‘shaming’ others into it
Brokers urged to offer ancillary cover outside of renewal cycle
Brokers are missing out on key revenue opportunities from ancillary products according to research conducted by Astrenska, Collinson Group’s underwriting division.
Lloyds Banking Group brings home insurance underwriting in-house
Lloyds Banking Group has become sole underwriter of all its home insurance policies after exiting its existing panel.
BMW renews Allianz Global Assistance warranty programme
BMW has signed a three year deal with Allianz Global Assistance in the UK to provide extended warranties to car owners.
Covéa boosts southern presence with Towergate and NIG hires
Covéa Insurance has hired Towergate’s Martin Rees to head up broker development in the South West and Wales and NIG’s Jonny Gilmore to develop the regional commercial account.
RSA appoints Cotton as real estate director
RSA has appointed Rachel Cotton as real estate director for its risk managed business.
Saga sees pre-tax profits drop as group hit by £50m IPO costs
Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.
Debevoise to offer local law advice in Hong Kong
US law firm Debevoise & Plimpton is to offer local law advice in Hong Kong from 1 October, after two decades of operating as an international legal practice.
Global Aerospace director appointed IIL president
Global Aerospace director Stephen Riley has been appointed president of the Insurance Institute of London for 2014/15.
Air India's premiums climb 15%
Air India has seen premiums for its fleet climb 15% on its 1 October renewal after a turbulent time for the aviation insurance sector.
New Zealand Insurance Council joins government cyber crime initiative
The Insurance Council of New Zealand has teamed up with the National Cyber Policy Office to offer advice to individuals and companies.
$8.13bn of capital required for Indian insurers, says regulator
The chairman of India's insurance regulator has called for a capital increase of 500bn rupees ($8.13bn) into the sector.
Aegis hires Roberts to improve broker relationships
Industry veteran Nigel Roberts has joined Aegis London in the newly-created role of head of broker relations.
Aviva CEO Wilson critical of CMA findings
Aviva group chief executive Mark Wilson says the Competition and Markets Authority failed to deliver required reform in its two year investigation into the private motor insurance market.
British Insurance Awards winner video: Bollington MD Chris Patterson
To celebrate its victory in two categories at the British Insurance Awards, Bollington Insurance Brokers managing director Chris Patterson shares his thoughts on its success.
DLG chief customer officer Evans resigns
Direct Line Group has confirmed the departure of chief customer officer Darrell Evans.
Henderson grows Peterborough footprint with acquisition
Henderson Insurance Brokers has acquired Peterborough-based Richard Kiddle Insurance Brokers.
Bardet upbeat on FCA relationship following 'unsurprising' results
Swinton chief executive Christophe Bardet has heralded the high-street broker's constructive relationship with the Financial Conduct Authority 14 months after it was fined £7.4m for mis-selling.
ERS hires ex QBE casualty claims head
Non-standard motor specialists ERS have appointed Donna Willis as head of personal injury claims.
Ex-Kwik Fit Main man handed commercial director role at Ageas
Ageas Retail and Distribution has appointed former Kwik Fit Financial Services boss Bert Main as its director of commercial, with Greg Ball and James Furse landing non-executive director roles.