News
Aviva and Ageas agree subrogation portal to cut claims handling costs
Aviva and Ageas are the first companies to reach an insurer-led agreement to reduce the cost of handling third party motor claims following the 2014 Competition and Markets Authority motor insurance ruling.
Tulloch leads Aviva acquisition in Canada
Aviva's Canadian business has bought RBC General Insurance Company for £281m, a deal led by global general insurance chairman Maurice Tulloch.
#Postpeople: 21 January - 27 January 2016
All the latest insurance industry market moves between 21 and 27 January 2016.
DCI Rogers exits Ifed after less than 12 months
Insurance Fraud Enforcement Department boss Detective Chief Inspector Angie Rogers has left the City of London Police unit after less than a year in the insurance fraud hotseat, Post can reveal.
Guy Carpenter adds new MD for Benelux region
Susanne Miller-van der Schild will take on the role of managing director at Guy Carpenter’s Benelux office, moving from SNS REAAL.
Compare the Market appoints Late Rooms CEO to COO role
BGL Group’s UK price comparison site Compare the Market has appointed Jesper With-Fogstrup to the newly created role of chief operating officer.
XL Catlin to launch Indian reinsurance operation in 2016
XL Catlin has begun the licensing process to establish a reinsurance branch in India.
Mitsui to complete Amlin takeover next month
Mitsui Sumitomo Insurance Company's £3.47bn acquisition of Amlin is expected to complete on 1 February.
IPT pushes up home and motor rates, says AA
Home and motor premiums increased in Q4 2015, with the AA’s index pointing to the increase in Insurance Premium Tax shouldering at least some of the rise.
Mid-market push in Manchester for Axa
Andy Williamson has been appointed as Axa’s Manchester branch manager in a move to push the company’s ambitions in the region.
Apil president accuses insurers of 'hijacking' fraud taskforce
The Association of Personal Injury Lawyers’ president Jonathan Wheeler has accused the insurance industry of “hijacking” the insurance fraud taskforce and has expressed disappointment at its final recommendations.
Aviva Ventures backs UK parking app
Aviva's innovation fund, Aviva Ventures, has invested $1.5m (£1m) in an app that helps UK drivers find parking spaces.
NAHL says taskforce report no threat to short-term performance
National Accident Helpline generated reduced revenue in the second half of 2015, according to a trading update from NAHL Group which expects to report that revenues are up 15.7% for the year ended 31 December 2015.
UK and Ireland winter storms to cost Zurich $275m
Zurich is expecting to record an operating loss in general insurance for the fourth quarter of its financial year as a result of strong storms across the UK and Ireland.
XL Catlin opens Brisbane office
XL Catlin is adding to its offices in Melbourne and Sydney by opening a third Australian office in Brisbane.
Broking jobs to stay in Wales with government investment
Government backing for Welsh-based commercial broker Moorhouse Group will see almost 90 jobs created in the country, with the company previously considering outsourcing to South Africa.
Axa Corporate Solutions plans UK push under new CEO Brown
Axa Corporate Solutions, the global division of the French insurer that focuses on large corporate risks, is planning to grow the volume of business it sources from the UK market following the hiring of London market veteran and former Aon EMEA head Rob…
SRA backs fraud taskforce call to review fining powers
The Solicitors Regulation Authority has agreed with the Insurance Fraud Taskforce recommendation to review its fining abilities in order to make tackling fraud more effective.
The road to repair: how the industry has responded to flooding in Cumbria
The government is making grants available for flood resilient repairs.
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
AA puts two-year-old ABS into run-off
The AA's alternative business structure, which started trading in December 2013, has entered into run-off following a strategic review.
Increase in FSCS levy to be greatest for insurers
Insurers will see the largest increase in the Financial Services Compensation Scheme levy when compared to other financial sectors, with the industry set to pay an extra £32m according to the FSCS’s 2016/17 plan.
Biba Manifesto 2016: Biba spotlights regulatory cost as members face new hike in fees
The cost of regulation continues to feature prominently in the British Insurance Brokers’ Association’s manifesto for 2016, alongside emerging areas such as a European referendum, the implications of the Vnuk tractor case and Flood Re exclusions.
EC Insurance Group CEO Brown to retire in June
EC Insurance Group CEO Roger Brown is to retire in June after seven years with the business, Post can reveal.