News
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.
IMIA publishes best practice for engineering claims
The International Association for Engineering Insurers (IMIA) has published a best practice protocol to enable claims to be paid promptly and efficiently.
Insurers predict lower M&A level than previously expected
Optimism among general insurers and brokers about their overall business situation has dipped, according to the results of the latest CBI/PWC Financial Services survey.
Updated rehab code to become operational from December
An updated version of the rehabilitation code has been published that includes a section for lower-value claims and a separate guide for rehab case managers and people who commission them.
CIS survey shows 100,000 parents 'fronting' offspring's motor polices
The number of parents currently ‘fronting’ motor insurance for their offspring has hit 100,000, according to research from The Co-operative Insurance.
Industry veteran Jeremy Adams joins NUML
Specialist managing general agent Nexus Underwriting Management has hired industry veteran Jeremy Adams as an independent non-executive director.
Advent expands global footprint with Australian joint venture
Advent Insurance Management has established a presence in Australia through a joint venture with Sydney-based regulatory and outsourcing provider Littlewoods Services.
Berenberg advises investors to avoid UK motor market
Berenberg analysts are advising investors to avoid the UK motor insurance market due to challenging operating dynamics and several "under-appreciated headwinds" they have identified.
R&Q completes IC Insurance purchase
Randall & Quilter has completed its acquisition of IC Insurance for £17m, a London Stock Exchange note has confirmed.
Insure the Box partners with AA Driving School on telematics policy
The AA Driving School has teamed up with Insure the Box to launch AA Get Driving, a telematics motor insurance policy for pupils who have just passed their test and are buying their first car.
Ifed targets household fraud in national operation
The Insurance Fraud Enforcement Department has arrested six people and interviewed a further 42 as part of a nationwide clampdown on fraudulent household insurance claims this week.
Zurich appointed for self-driving buses tests
The EU-funded research project into automated buses across Europe, City Mobil 2, has appointed Zurich as insurance associate for a series of tests of the technology across the continent.
Neil Eckert steps down as Gallagher NED
Brit founder Neil Eckert has stepped down from his role as non-executive director at Arthur J Gallagher.
Eurozone insolvencies to exceed 2007 level by 67% in 2016
Insolvencies in the Eurozone are 75% higher in 2015 than they were in 2007 with trade credit insurer Atradius predicting they will remain 67% higher than the 2007 level in 2016.
Quiz of the week - 25 September 2015
It's quiz time. Test your knowledge of the week's insurance news.
Terry's motives questioned as ex-Quindell boss bags 14% stake in tech firm
Former Quindell CEO and founder Rob Terry has raised eyebrows at AIM-listed Imaginatik after snapping up a 14% stake in the technology firm.
Cost savings behind 5% reduction in 2014 Swinton operating profit
High-street broker Swinton has attributed “significant cost savings” within the group to a 5.1% reduction in its operating profit to £24.2m last year (FY 2013: £35.5m).
Bicycles most common theft claim for Direct Line
Bicycles make up 17% of all theft claims handled by Direct Line, proving to be a more popular theft target than mobile phones or tablets.
Brown to build off success of Towergate MGA as underwriting boss
Towergate chief operating officer Adrian Brown plans to build off the strong relationships the consolidator has with insurers and brokers when he takes over as Towergate Underwriting CEO on 1 November.
Hearn extends LMG chairmanship ahead of London Matters response
The London Market Group has unveiled a number of steps in responding to the challenges of the London Matters report, which has led to Steve Hearn extending his chairmanship of the LMG until the end of 2016.
Towergate stalwart Clive Nathan to be replaced by Adrian Brown
Towergate Underwriting CEO Clive Nathan will leave the company at the end of January 2016, with his role being taken over by chief operating officer Adrian Brown.
Insurance Data & Analytics 2015 as it happened
Couldn't make it to the Radisson Bloomsbury for Post's Insurance Data & Analytics event?
Ace to underwrite Calliden home insurance policies
Steadfast-owned Australian underwriting agency Calliden has appointed Ace to underwrite its home insurance policies.
UK motor market chalked up collective loss of £31m in 2014
UK motor insurers continued to struggle in 2014, posting a collective loss of £31m, according to analysis by the Association of British Insurers.