News
Quiz of the week - 27 July 2015
Test your knowledge of the week's insurance news with our quiz.
Two men jailed for 'cynical' scam to defraud Axa of £15k
A pair of opportunistic fraudsters who teamed up to con Axa out of £15,000 have been jailed for a total of 30 months at Teesside Crown Court.
CII provides flexible working guidelines
The Chartered Insurance Institute has launched a guide for companies looking to introduce flexible working arrangements.
Former Brit active underwriter Turner appointed Pen chairman
Jonathan Turner has been appointed as executive chairman for Pen Underwriting, the specialist UK underwriting business within the Arthur J Gallagher group.
Hastings sees GWP jump 24% in H1
Hastings Insurance Group saw gross written premium increase by 24% to £282.7m in the first six months of 2015 (H1 2014: £227.2m) aided by continued growth in customer numbers.
Towergate breaking news
Keep up to date with breaking news on Towergate.
Churchill calls for action as almost 28,000 uninsured cars seized this year
At least 27,688 uninsured cars were seized by UK police forces in the first half of 2015, with 9935 coming from the London area.
RMS to develop typhoon model for Taiwan with help of local insurer
Risk management firm RMS is teaming up with MSIG Mingtai Insurance to help develop the RMS Taiwan typhoon model.
ICA claims scrapping state insurance taxes will create A$36bn of extra protection
Research commissioned by the Insurance Council of Australia claims homes and household assets will be protected by a further A$36bn (£16bn) if state stamp duty and taxes on insurance are scrapped.
Go Compare blocks 'thousands' of fraud attempts with point-of-quote detection tool
Go Compare has rolled out a point-of-quote fraud detection and prevention service in collaboration with fraud solutions company Iovation, which it says is the first such tool developed by an aggregator.
Allianz Commercial joins Powerplace SME panel
Allianz Commercial has joined Powerplace's SME panel making its suite of SME products available on Powerplace SME from the fourth quarter of this year.
Towergate on to next challenge after conclusion of 'unsavoury' Gallagher dispute
Arthur J Gallagher and Towergate have been accused of “airing their dirty laundry in public” following the conclusion of a legal battle from which market insiders remain at odds as to who will have emerged more satisfied.
L&G to create up to 400 jobs in Cardiff, claims report
Legal & General is expected to create up to 400 jobs at its Cardiff operation over the next two years.
Questgates acquires TSS Loss Adjusting
Specialist loss adjuster Questgates has acquired TSS Loss Adjusting from chartered quantity surveyors and infrastructure consultants T Sumner Smith.
Ross to join Towergate in November as Gallagher dispute settled for £20m
The legal dispute between Arthur J Gallagher and former employees David Ross and Mark Mugge and independent consultant Christopher Keey has been resolved with Towergate and shareholder Highbridge to pay £20m in settlements.
Towergate reports £58m first half loss
Towergate's operating earnings decreased by 40% to £39m (H1 2014: £65m) for the six months ended 30 June 2015 alongside a 10% drop in revenues to £184m for the period.
Steadfast's full year profits climb 68%
Australian broking group and underwriting agency Steadfast posted an after tax profit of A$42.1m (£19m) for the most recent financial year, up 68% over last year's results.
Ecclesiastical records 92% rise in H1 pre-tax profit
Ethical insurer Ecclesiastical has delivered a 92% increase in pre-tax profit up to £35.3m in the first half of 2015 (H1 2014: £18.4m).
IT boss who hacked 900 Aviva phones jailed for 18 months
A computer firm boss who hacked 900 mobile phones belonging to Aviva staff has been jailed for 18 months.
Integro snaps up London-based MGA Entertainment Risk Management
International insurance brokerage and risk management firm Integro has acquired London-based managing general agent Entertainment Risk Management to add to its international entertainment practice.
Zurich deal represents 'excellent value' for RSA shareholders
Zurich’s proposed offer for RSA represents “excellent value” for RSA shareholders, according to analysts at Berenberg investment bank, but the case for Zurich shareholders is less compelling, they suggest.
PPI accounts for 55% of all FOS complaints in first six months
Claims managers have been blamed for fuelling payment protection insurance complaints as the latest figures from the Financial Ombudsman Service show PPI accounted for more than half of all grievances in the first six months of 2015.
Zurich proposes 550p a share cash offer for RSA
Swiss giant Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.
Ace promotes Ghaffar to Asia-Pacific distribution role
Ace has promoted Amir Ghaffar to vice president and head of corporate distribution, accident and health, Asia-Pacific.