News
Kelliher Insurance Group appoints new CEO and reports increased turnover
The parent company of Kerry London has appointed a new group CEO, and reported increased turnover of 4.4%.
Ex-RSA owned Polish insurer faces lawsuit after portraying brokers as ‘losers’
A Polish insurer is facing a PLN 20m (£3.6m) lawsuit for an advertising campaign portraying brokers as “life’s losers”.
Flood investment shouldn’t be about ‘sticking a plaster’ in an emergency, ABI warns
The government needs to “take the politics out” of decisions about flood defences, the Association of British Insurers has said.
Sponsors could seek ‘disgrace’ insurance claim against Sharapova
Sponsors of Maria Sharapova may be eligible to pursue an insurance claim against her under a ‘disgrace clause’, should her ban be upheld.
Airmic 2016: Employees create biggest cyber risks
One of the biggest digital risks to companies is employees themselves, and senior management should think twice before authorising access to data systems.
Pay-as-you-go broker Belong Safe shuts down after three months
Just three months after its launch, Belong Safe has shut down completely due to financial and branding troubles.
Airmic 2016: Understanding cyber risk landscapes
Pre and post-incident loss testing is of paramount importance if companies wish to prepare for a cyber attack, and company boards should be more involved with cyber exposure prevention, according to the Cybercrime Research institute.
EC looks to define 'motorised vehicles' in MID to solve Vnuk exemptions
The European Commission is considering reviewing the definition of motorised vehicles in the Motor Insurance Directive to help avoid the need for vehicle exemptions following the Vnuk ruling.
ABI warns of changes to broker commission
It is “only a matter of time” before regulators start to make broker commission more transparent, the Association of British Insurers warned today.
China Pacific and Baidu to launch online insurer
China Pacific-owned China Pacific Property Insurance is teaming up with Chinese internet giant Baidu to launch an online car insurer.
Shanghai readies insurance exchange
The first Shanghai insurance exchange could launch as early as next week.
Working group launches review of revised rehab code
Industry bodies have begun a review into the revised rehabilitation code, six months after it went live.
Pet claims database to launch as fraud detection tool
A national record of pet insurance claims has been launched as a tool in the fight against fraud.
Airmic 2016: M&A plans should look at risk at an early stage
Insurance and risk should be on the table when companies merge, with the Association of Insurance and Risk Managers launching a guide for companies on the issue, in conjunction with Aon.
Airmic 2016: Risk managers concerned about broker conflicts of interest Airmic survey finds
Risk managers are increasingly worried about broker conflicts of interest and broker-controlled capacity according to the annual Association of Insurance and Risk Managers survey.
Airmic 2016: Scenario analysis guide launched for risk managers
Risk managers now have access to a ‘scenario analysis’ guide published by the Association of Insurance and Risk Managers.
Airmic 2016: Insurers are innovating but still have a long way to go
The insurance industry has been innovating now more than ever, but it still has some way to go before it is able to meet the growing demands of corporate customers.
Airmic 2016: Airmic publishes fair presentation clause
Airmic has published a clause to protect policyholders who innocently breach the duty of fair presentation introduced in the Insurance Act.
Driverless car insurance policy launched by broker Adrian Flux
The UK’s first driverless car insurance policy has been launched ahead of a government consultation this summer.
Cost to insurers from French floods could be €2bn
Damages from the floods affecting Paris and the surrounding areas could almost reach €2bn, one of the country’s biggest insurers has warned.
Aviva's Andy Briggs to replace Paul Evans as chair of ABI
Andy Briggs, CEO of Aviva UK Life and chairman of Aviva Global Life, has been nominated to take up chair of the Association of British Insurers.
Profits up 76% at venture capital group BP Marsh
BP Marsh has seen a strong growth in its profit after tax with the company taking in £8.7m in the year to January 31 2016, up from £4.9m for the same period last year.
Esure could split from Gocompare as review announced
Esure will examine a possible demerger from its price comparison site Gocompare as part of a strategic review.
Insurance Council of Australia declares catastrophe in Tasmania and Victoria
As the result of a deadly east low storm, the Insurance Council of Australia has declared a catastrophe in Tasmania and Victoria after a similar declaration in New South Wales yesterday.