News
Multimillion pound supermarket horsemeat scandal bypasses insurers
Insurers are awaiting test results on food products as many of the UK’s largest supermarkets continue to recall beef products found to contain horsemeat.
Brokers bemoan electronic claims systems as service satisfaction declines
Brokers have blamed an over-reliance on electronic systems for a decline in London market insurers’ claims standards.
Drive Assist collapse threatens bodyshops
The National Association of Bodyshops is threatening legal action against Drive Assist’s administrators, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it entered liquidation.
Aviva calls for third-party ban in motor claims process
Aviva has launched a fresh attack on personal injury law firms, which it accuses of adding £1.5bn – or £118 per motor premium – in unnecessary costs to the motor insurance claims process.
View from the Top: Where is the love?
Survey peddlers should be off the Valentine’s card list as they predict doom and gloom
Market moves: Three new staff for Giles as recruitment drive continues
Continuing its push for new staff, Giles was again one of the biggest recruiters this week, with the broker welcoming three new faces to its Scottish team. Elsewhere in broking, Arthur J Gallagher, UIB and the Wilson Organisation brought in new starters…
Crawford records Sandy-boosted $52.6m profit for 2012
Loss adjuster Crawford has seen profits climb off the back of a strong fourth quarter for the year ending December 31.
Zurich proposes new board members
Zurich Insurance's board of directors has proposed the re-election of Susan Bies, Victor Chu and Rolf Watter at its annual general meeting on 4 April 2013.
Political risk threatens global infrastructure sector
Organisations involved with the infrastructure sector must build political risk assessments and protection mechanisms into their project decision-making to help safeguard future investments, according to Marsh.
Insurers’ profits decline by £19bn from pre-crash high
General insurers saw a £19bn profit fall in 2011 from a pre-crash industry high in 2007, PWC research found.
Motor Claims 2013: Panellists at loggerheads over credibility of medical evidence
Aviva claims director Dominic Clayden has questioned whether medical evidence is required in all low level whiplash claims, after expressing disillusionment with the current system.
GAB Robins expands tablet adjusting programme
Loss adjuster GAB Robins is to deploy tablets with all loss adjusting teams by the end of Q2.
Groupama MD Matras set to depart as Ageas unveils management shake-up
Ageas has this afternoon confirmed that former Groupama Insurances managing director Laurent Matras will leave the business, as the integration of the acquired firm gathers momentum.
MP hails "significant victory" against metal thieves
Richard Ottaway MP has hailed the success of his Scrap Metal Dealers' Bill, which was passed yesterday in the House of Lords and is due to receive royal assent before Easter.
XL opens Manchester office
XL Group is opening an office in Manchester and has appointed Mick Turvey as regional underwriting manager, UK middle markets, to head it up.
Motor Claims 2013: Dalton calls on industry support for road safety scheme
The Association of British Insurers is urging industry players to support calls for the implementation of guidelines demanding tighter controls on young drivers, both prior and after passing their test.
House rebuilding costs rise by less than 1%
The increase in house rebuilding costs has fallen below 1% in the 4th quarter compared to the same period in 2011.
Kennedys calls for claimants to reveal their damages investments
Insurance law firm Kennedys is calling for claimants to reveal how they invest their damages in a bid to encourage debate around the second discount rate consultation.
Green Flag catches investors' eye
The appeal to investors of breakdown business Green Flag could provide its parent company Direct Line Group with "significant future flexibility" according to Investec Securities.
AIG launches pan-European D&O cover
AIG has launched a European directors and officers’ policy which is says responds to important shifts in current risks to directors and officers, as well as evolving corporate governance demands.
AIG ‘future proofs’ risks for D&O
AIG has launched a pan-European directors’ & officers’ policy in response to the changing risks faced by this group.
Willis reveals $446m net loss
Global broker Willis recorded a net loss of $446m for the 2012 financial year, in stark contrast to the previous year’s $203m profits.
Giles strengthens Leeds branch
Giles Insurance Brokers has appointed Andrew Perry as new branch director for its Leeds office.
Steve Gordon joins Henderson as marine director
Marine specialist Steve Gordon has been appointed as associate director by Henderson Insurance Brokers.