News
Arrests made as a IFED and IFB investigate 'crash for crash' gang
Arrests have been made following a police investigation into a suspected Birmingham crash for cash gang.
ABI welcomes BT into Associate Membership
BT has joined the Association of British Insurers as an associate member and is the first technology firm to do so.
Zurich sells South Africa operations to Fairfax Financial
Swiss-headquartered insurance giant Zurich has sold its South Africa operations to Toronto-headquartered Fairfax Financial Holdings for an undisclosed sum.
La Nina cited as rain causes havoc in China
"Meu-Yu" monsoon rains led to multiple rounds of significant flooding across central and southern China throughout June killing at least 186 people across 26 provinces.
S&P warns on offshore reinsurers using hedge fund strategies
Ratings agency Standard & Poor's is concerned there could be "carcasses on the side of the road" for offshore reinsurers using hedge fund strategies.
Jonathan Evans, Maurice Tulloch, Aviva, Allianz and Covea among 2016 BIA winners
Former chair of the All Party Parliamentary Group for Insurance and Financial Services Jonathan Evans, pictured, was last night acclaimed as the achievement winner at the British Insurance Awards.
Watford 'will eat our lunch', Arch CEO warns
Arch Insurance may have “created a competitor” in setting up Watford Re, as the joint venture recently launched its own insurance business subsidiary.
The British Insurance Awards 2016 - As it happened
Missed out on the industry's most anticipated event? Catch up with all the news and winners from The British Insurance Awards 2016 with this blog.
MGAA chair James Gerry calls for greater transparency
Speaking at the Managing General Agents’ Association second annual conference, chair James Gerry called on MGAs to support continued sector growth and respond to the changing market with greater transparency.
Towergate appoints Brian Hardwick as chief risk officer
Towergate has appointed Brian Hardwick to its executive committee as chief risk officer, subject to regulatory approval.
Arthur J Gallagher acquires 85% of Brim AB
Arthur J Gallagher has acquired an 85% stake in Swedish specialist insurance and reinsurance broker Brim AB.
Aviva will not need to restructure following Brexit, CEO says
Aviva will not need to restructure its business as a result of a Brexit, the company’s CEO has said.
Munich Re seeks buyer for Great Lakes Australia
Munich Re is looking to speed up the sale of its Australia and New Zealand specialist insurer Great Lakes Australia.
Brexit will provide opportunities for insurers in Malta and UK, Building Block Insurance say
The historic relationship between Malta and the UK will provide opportunities for insurance businesses following Brexit, Maltese insurer Building Block has said.
Beazley CEO celebrates 10 years in Asia; investigates Ireland passport
Andrew Horton, CEO of Beazley, is in Singapore this week to celebrate 10 years writing business in the continent.
Number of 'unmeritorious' claims against cosmetics surgeons on the rise
The amount of “unmeritorious” claims against cosmetic surgeons is increasing as a result of “vicious” review sites, law firm Manleys has said.
Brightside Insurance loses deal with Co-op
Brightside has lost the deal to arrange taxi, van and mini bus cover for Co-operative Insurance customers, to broker Miles Smith.
Broker Halo seeks new private equity backing as it enters GAP market with Mapfre
Halo is planning to seek new investment, six years after the car hire excess insurance specialist launched with Bridges Ventures, a social impact fund started by Sir Ronald Cohen.
IFED makes arrests during Scottish ghost broking investigations
Amid its investigations into ‘ghost broking’ in Scotland, the Insurance Fraud Enforcement Department has made arrests of alleged culprits of fraud.
#postpeople 1st July - 8th July
Find out this week's movers
Towergate completes sale of Broker Network stake
Following its announcement on the 23 March, Towergate insurance has completed the sale of a majority interest in its Broker Network Business to Highbridge Principle Strategies.
Arch's Weatherstone and RSA's Hancock among six London Market executives elected to IUA board
Six senior London Market executives have been elected to the governing board of the International Underwriting Association.
Nexus makes first overseas acquisition in Hong Kong
Lloyd's MGA Nexus has bought Hong Kong-based marine MGA Beacon Underwriters for an undisclosed sum.
Government to cut corporation tax to 15% following Brexit
The government will cut corporation tax to 15% in order to persuade businesses to remain in the country following the Brexit vote.