News
Penny Black's Insurance Week - 29 October 2015
Penny feared the worst when the Met Office announced that it would allow the general public to suggest names for future UK windstorms.
Insurers willing to take more investment risk in face of quantitative easing
Global insurers are taking on more investment risk in order to protect profit margins, according to a new survey by investment management company Black Rock.
Blanc to lead Axa Ireland as restructure continues
Axa UK will bring all of its insurance business under one leader with Axa Insurance CEO Amanda Blanc taking responsibility for Axa Ireland from 1 January 2016.
O'Connor promoted to Willis GB financial lines CEO
Willis GB has appointed Mary O'Connor as CEO of its financial lines business.
Qatar Insurance Company sees GWP rise 20%
Qatar Insurance Company posted gross written premiums of $1.48bn (£965m) for the first nine months of 2015, a 20% increase on its prior year result.
Mapfre and Solera open motor research facility in Beijing
The facility, which officially opens today, is the seventh Solera Technology Centre in the world and the first in China.
Mass-market telematics app-based solution gains Zurich backing
The UK’s first mass-market and full underwriting-based motor insurance is to be launched by telematics company Carrot on aggregator websites this week.
IPT increase to add £13 to motor policies, claims ABI
The Association of British Insurers has highlighted how a range of policies will be impacted when the Insurance Premium Tax increase takes effect in November.
Obituary: Dan Francis, Clements
Dan Francis, the vice-president of global business development at broker Clements Worldwide has sadly passed away.
ABI calls for action on CMCs as motor policy prices rise
The average motor insurance premium rose slightly in the third quarter of 2015, according to the Association of British Insurers' Quarterly Motor Insurance Premium Tracker.
Talk Talk insurance policy questioned following latest cyber breach
Talk Talk will be facing “significant” costs in responding to its latest cyber attack if the firm does not have the required extension on its traditional insurance policy, industry experts have warned.
White Horse Insurance Ireland appoints Cega for emergency assistance
Assistance and claims provider Cega has been appointed to provide multi-lingual emergency assistance services for White Horse Insurance Ireland.
Allianz promotes Stuart to manage new northern trading region
Allianz Commercial has created a single trading region in the North West and Scotland and has promoted Alex Stuart to regional manager.
Marketform announces quartet of hires to M&A team
Specialist Lloyd's underwriter Marketform has hired four mergers and acquisitions specialists to spearhead a new team launched today (23 October).
Quiz of the week - 23 October 2015
Insurance swat or need to try harder? Find out with this week's just for fun quiz of the week.
Chubb shareholders approve Ace deal with 98% voting in favour
The Chubb Corporation has confirmed its shareholders have approved the previously announced merger agreement with Ace.
Quarter of a million uninsured drivers in first half of 2015 - Churchill
More than 250,000 motorists across England and Wales were handed penalty points for driving without insurance between January 2013 and June 2015, according to new analysis from Churchill Car Insurance.
Bluefin M&A pipeline strong with two 2015 purchases yet to be announced
Bluefin has completed two further acquisitions in 2015 that it is yet to formerly announce, in addition to the purchase of Bennett Fozzard in May.
Lloyd's approves first Mexican insurer to join platform
Lloyd's has given in principle approval for the Mexican insurer Patria Re to join its platform.
Questgates loses out as Zurich reveals its loss adjusting panel
Questgates is the main loser on the Zurich loss adjusting panel, which features Criterion for the first time.
Q3 motor premiums increase 4.8%, AA Index shows
Average motor premiums rose 4.8% in the three months to 30 September 2015, while over the past 12 months the average policy price has increased 9.2%, results from the AA premium index show.
FCA proposes changes to improve communication
The Financial Conduct Authority has launched a consultation about how the financial services sector can improve communication with customers.
Bluefin creates merged retail broking division in business restructure
Bluefin has merged its commercial and corporate divisions to create one national retail broking division, the company announced today.
Calera Capital completes purchase of RFIB majority stake
Calera Capital has closed its deal to acquire a majority stake in RFIB Holdings following the completion of all shareholder and regulatory approvals.