News
Revised rehab code addresses loophole after ‘challenging' consultation
Those involved in putting the updated rehabilitation code together have conceded it was a "challenging" process to satisfy all parties ahead of the code becoming operational in December.
Warren Buffet reduces Munich Re shareholding
US investor Warren Buffet has reduced his shareholding in Munich Re, the German-based firm has said.
Brightside sees £43.7m loss for 2014
Broker Brightside Group has posted a £43.7m loss for the year ended 31 December 2014 compared to a profit of £7.7m in 2013, documents filed at Companies House have revealed.
Burke becomes CILA president with SCOR's Clark serving as deputy
Crawford & Company’s head of global markets Benedict Burke has been officially unveiled as the next president of the Chartered Institute of Loss Adjusters.
SRA urged by insurers to be tougher on solicitors facilitating fraud
High level talks between the Solicitors Regulation Authority and insurers are being arranged amid criticism of the legal watchdog’s ability and appetite to effectively regulate claimant solicitors suspected to be facilitating fraud.
D&O insurers facing VW payout as emissions scandal rumbles on
The increased use of technology in motor vehicles has been highlighted as a grey area in determining where product liability falls, in light of the Volkswagen emissions scandal, which will likely see directors and officers' insurers on the hook.
Impact Forum: Lloyd’s takes no nonsense approach to cyber
The Lloyd’s market is tackling cyber head-on as it aims to reduce the risk for its syndicates, according to Nick Beecroft, emerging risk and research specialist at Lloyd’s.
Career File: Brian Kirwan named CEO at AGCS UK
Allianz Global Corporate and Specialty has promoted Brian Kirwan, regional unit London head of market management and communications, to CEO of AGCS UK. He will report directly to Carsten Scheffel, chief regions and markets officer and member of the board…
Market Moves - 1 October 2015
Who has moved where in the world of insurance this week?
Industry leaders hammer out key conference season concerns
Less government intervention in business, the cost of regulation and the planned increase in insurance premium tax top the list of topics that the insurance industry wants addressed ahead of the annual political conference season.
Nimmo to take on Lockton CEO role as Hammond becomes exec chair
Lockton international operations' deputy CEO Neil Nimmo is set to replace Mike Hammond as CEO of the privately held broker in the UK and internationally.
Insurers told to embrace the connected home or lose out
Deutsche Telekom is calling on the insurance industry to seize the opportunity that the connected home represents, in terms of future growth, before the enabling technology is exploited by others.
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Quindell will 'vigorously defend' claimant lawsuit
A claimant group has written to Quindell informing the embattled outsourcing company it intends to sue it for up to £9m before costs.
Aon's Christian to focus on diversity as IIL president
Aon's UK CEO Dominic Christian has been appointed president of the Insurance Institute of London and will focus on diversity and inclusion as the theme of his term.
Dual targets more private clients with rebranding
Dual is targeting more private client business as it wraps its Aqua and Aarun private clients' portfolios with Dual's global reach.
Lim moves from Allied World to ArgoGlobal Asia
David Lim has been appointed head of marine at ArgoGlobal Asia.
Sun Life enters GI market with pet and home offerings
Direct to consumer financial services provider Sun Life has underlined its entry into the general insurance market with the unveiling of a pet insurance proposition.
Am Trust to acquire Republic for £153m
Am Trust has reached an agreement to acquire Texas-based property and casualty insurer Republic from its owners Delek Group for $233m (£153m).
Reid to join Gallagher on 12 October
Incoming Arthur J Gallagher UK retail CEO Stuart Reid is to join the broker on 12 October.
Simply Business boosts pre-tax profits for 2014
Xbridge, the online insurance broker for small businesses operating under the Simply Business name, has reported an 8% increase in pre-tax profits for 2014, according to documents filed at Companies House.
RSA considering Russia and Middle East exit
RSA is looking to offload its operations in Russia and the Middle East with reports deeming such activity as a bid to strengthen its balance sheet after the collapse of Zurich's proposed takeover of the company.
QM Costs opens London office amid growth plans
Liverpool-based Legal cost solutions provider QM Costs has secured new premises in London.
Ageas and Age UK extend partnership for another decade
Ageas has extended its partnership with Age UK for another 10 years, with customers now having the opportunity to manage their insurance policies online.