News
Online modelling tool allows insurers to see crime hotspots by postcode
Insurers can gain easy access to crime hotspots by postcode under a new model launched by online map data provider Emapsite.
Deakin claims Towergate is ‘not a hierarchical team' ahead of Ross's arrival
Towergate insurance broking division head Janice Deakin says incoming CEO David Ross will be an "integral part" of the executive team when he joins the consolidator on 2 November.
Allianz appoints Newman as head of motor claims
Tony Newman has been formally appointed head of motor claims at Allianz, having been seconded to the role since September 2014.
Ex-Crawford boss Gladwell resurfaces at Innovation Group
Former Crawford & Company UK and Ireland CEO Greg Gladwell has resurfaced at Innovation Group where he has taken on the role of UK property managing director.
New entrants causing disruption for insurers attempting to embrace innovation
Nimble market entrants are increasingly causing disruption for established insurance market players in the race to innovate, according to an international report by KPMG.
JLT Employee Benefits to acquire Close Brothers' corporate arm
JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management for an undisclosed fee.
Video: Expertise A-Z: Q&A with Andy Wells
Using current databases and applying rating technology is making systems much more intelligent and expanding the size and types of business risk that electronic trading.
Laspo benefits questioned as Liverpool named UK's PI claims capital
More than half (55%) of road traffic accidents in Liverpool result in a claim leading to the Institute and Faculty of Actuaries naming the city the third party personal injury claims capital of the UK.
Towergate names leadership team to serve under Deakin
Towergate has confirmed the leadership team of its insurance broking business, comprised of the retail and advisory divisions, led by Janice Deakin, who joined the consolidator in August.
Consumer panel urges FCA to establish company rating system
The Financial Services Consumer Panel has called for the Financial Conduct Authority to establish a rating system to help the public determine which financial services firms are likely to treat them well.
Clyde & Co enters Scotland with Simpson & Marwick merger
Law firm Clyde & Co is to establish a Scottish presence through a merger with Simpson & Marwick, effective from 1 October.
Insurance ranked worst industry for customer experience, survey finds
The insurance sector has once again been slammed for its poor customer service, ranking bottom for customer experience in a survey by service design consultancy Engine.
Goldman Sachs could pocket 400% return on Hastings investment
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Just half of European GI firms' websites deemed 'mobile responsive'
Just over half of general insurance companies’ websites across Western Europe and Poland have developed a mobile-responsive website, according to research by consulting and market research firm CP Consulting.
RSA promotes Middle to global telematics role
RSA head of telematics partnering Paul Middle has been promoted to a global role that will see him assume the UK responsibilities vacated by former RSA telematics director Bob Skerrett.
Cost and availability of NEDs in question amid regulatory pressures
The increasing level of responsibility associated with being a non-executive director could serve to diminish the number of available candidates and drive up the cost of recruitment, according to the International Underwriting Association.
Lloyd's underwriters back skilled migrants insurance product
An insurance product specifically for skilled migrants has been launched with the backing of certain Lloyd’s underwriters to provide security for people immigrating, or those who have already immigrated, to Australia and New Zealand.
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
700 QBE shareholders begin A$200m class action lawsuit
700 of QBE's shareholders are attempting to recover over A$200m (£93m) from the insurance giant after its share price collapsed in December 2013.
Tianjin is a "wake-up call" to cargo insurers, says IUMI cargo chairman
Nick Derrick, chairman of the International Union of Marine Insurance cargo committee, told this year's conference the explosions in Tianjin on 12 August are a "substantial wake-up call."
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.
Regulation of MROs championed on both sides of the legal divide
Claimant and defendant lawyers have backed the Association of British Insurers' call to regulate medical reporting organisations working within Medco following concerns that the scheme is being exploited by some users.
Judge dismisses “bang to rights” claim on fundamental dishonesty grounds
Conwy and Colwyn County Court sunk a personal injury claim deemed exaggerated and fabricated after a judge found a claimant pulling a dishonest "bang to rights" move.
London market diversity under the microscope as consolidation continues unabated
The London market is in danger of becoming too consolidated as a result of the current M&A wave, commentators have warned, with market diversity dependent on small start-up businesses emerging in the coming years.