News
Towergate bolsters London broking teams with triple hire
Towergate has appointed former Willis development director Richard Morgan to the role of sales and service director for its newly established City branch.
CEO change at Cunningham Lindsey Ireland as Cregan replaces Ryan
Cunningham Lindsey Ireland has promoted Gillian Cregan to the role of CEO following more than 15 years at the loss adjuster.
UK PI sector to reach £1.5bn GWP in 2019, Timetric predicts
The UK professional indemnity insurance sector will be worth more than £1.5bn in 2019, advisory firm Timetric has forecast.
Poor customer service and jargon driving motorists to switch insurer
Problems with understanding motor policies have been highlighted by more than half of the customers that took part in a Consumer Intelligence poll designed to understand what drives behaviour around switching insurer.
QBE Europe eyes full year growth after delivering soaring H1 profits
A benign catastrophe period and continued favourable prior accident year reserve development have been credited for an 184% increase in insurance profit to $278m (£178m) at QBE European Operations at the halfway marker.
FCA ends Quindell investigation in light of SFO probe
The Serious Fraud Office’s decision to launch an investigation into previous business and accounting practices at Quindell has led to the Financial Conduct Authority discontinuing its own inquiry.
Actions against company directors surged by a third in Asia last year
There were 82 regulatory and criminal actions against company directors in Asia last year according to data from AIG.
QBE gains in first half from asset sales and improved COR; CEO targets growth
Sydney-headquartered QBE saw a 24% rise in first half after tax profits to $488m (£331m) compared with $392m in the first half of last year.
Tourists targeted in deadly Bangkok bombing
At least 20 people have died and over 100 have been injured following a bomb explosion yesterday in central Bangkok.
Insurers pessimistic about swift NIHL claims drop despite government action
Government-led measures to clamp down on unmeritorious industrial deafness claims will not trigger a short-term decline in record-breaking claims volumes, according to industry bosses, although the prospect of a Medco extension has been mooted as a long…
CMC boss jailed for bogus police car collision claims against Travelers
A claims management company director has been jailed for 12 months for his part in pursuing claims on behalf of an unknowing group of schoolboys who had been involved in a collision with a police car.
UK insurer CEOs lament IPT hike as H1 results are squeezed
Industry CEOs have criticised the government’s "regressive" decision to increase insurance premium tax, but have dismissed the tax hike represents a disconnect from government, amid widespread profit drops and combined operating ratio deterioration at…
Quindell names technology expert Mukerjee as CEO
Embattled outsourcer Quindell has appointed technology and industrial sector stalwart Indro Mukerjee as its new group CEO.
Wreckage spotted as Indonesian authorities hunt missing plane
Wreckage has been spotted in the Indonesian mountain province of Papua after a plane carrying 54 people went missing.
PMI broker Chase Templeton acquires Atlas Consulting Group
Private medical insurance intermediary Chase Templeton has acquired Rochdale-based Atlas Consulting Group, bringing £13.8m annual premium income to the company.
Allianz wins judgment on ‘unreasonable’ issuing of court proceedings
Allianz has successfully defended itself from having to pay seven times more in costs for a personal injury case after a judge ruled the claimant had issued legal proceedings prematurely.
Allianz appoints new broker partnership manager
Allianz Insurance announced today (14 August) that it has appointed Stacey Keen to its Retail division as broker partnership manager.
Deloitte promotes Rush to insurance leader
Deloitte has appointed senior audit partner David Rush as insurance head and Europe, Middle East and Africa insurance group co-head.
Hundreds of London market wordings threatened by Insurance Act
Hundreds of model policy wordings used by the London market may require amendment in light of the new Insurance Act, according to the Lloyd's Market Association.
Tianjin explosion death toll climbs to 114 as Allianz and Zurich receive claims
At least 114 people are dead after two huge explosions on Wednesday night at a chemical and dangerous goods warehouse in the Chinese port city of Tianjin.
Flood Re starts ‘on-boarding' process
Flood Re has started its on-boarding process that will ensure those businesses wanting to participate in the scheme are ready to use it by April 2016.
Insurance quiz of the week - 14 August 2015
It’s that time to put your knowledge of this week’s insurance news stories to the test. Once again, it’s not just for fun – England rugby tickets are up for grabs!
Chinese property group raising money for Asia-Pacific reinsurer
Chinese property company Oceanwide Holdings is planning to launch an Asia-Pacific reinsurer.
Insurers pledge support to intermediated motor market after RSA withdrawal
Large insurers have remained staunch in maintaining their presence in the personal lines broker motor market after RSA announced on 12 August it is to fully withdraw from the channel.