News
Iran nuclear deal paves way for sanctions removal for insurers
A tentative nuclear deal between Iran and six global powers could see the embargo against insuring and reinsuring entities from the pariah state lifted.
Deutsche Telekom head warns insurers over connected home complacency
Insurers have been warned to start exploring the potential of connected homes - or find themselves potentially usurped in the household market by disruptive players.
Willis to acquire PMI Health
Willis has agreed a deal to acquire PMI Health Group, an independent healthcare advisor and broker.
'Misleading' Direct Line advert banned
The Advertising Standards Authority has banned a Direct Line radio advert for landlord insurance featuring Harvey Keitel as Winston Wolf.
Ageas plots Hong Kong sale
Ageas is planning to sell its operations in Hong Kong in a deal valued at more than $1bn (£639m) according to reports.
Higos looks to expand after Clydesdale Bank refinancing
Higos Insurance Services has secured a refinancing package from Clydesdale Bank which it will use to expand the business through acquisitions.
IUA announces newly elected market committee chairs
The International Underwriting Association has announced three newly elected chairs to lead its market committees including the appointment of Inter Hanover's Paul Rich as chair of the delegated authority underwriting group.
Insurance revenue up at Moneysupermarket
Price comparison site Moneysupermarket has reported a 20% increase in insurance revenue for the six months ending 30 June.
Sharon Becket named deputy CEO at The A&A Group
The A&A Group, a provider of home and motor insurance, has appointed Sharon Beckett as deputy CEO and made several other senior appointments.
UK insurers vote cyber as most concerning risk
Cyber risk has topped a list of 25 concerns facing UK insurers, PWC research has revealed.
SRA revives plan for compulsory PI reform
The Solicitors Regulation Authority has launched a consultation paper reviving its long held ambition to overhaul the compulsory solicitor’s professional indemnity insurance framework.
Apil blasts Confused survey over whiplash claims
The Association of Personal Injury Lawyers has rubbished claims that an increase in whiplash claims has led to higher motor policy prices.
Lloyd's Columbia office paves way for syndicates to provide onshore reinsurance
Lloyd’s has received approval from the Colombian authorities to open a representative office in Bogotá, Columbia.
Gallagher case mediator could accelerate resolution ahead of trial
The appointment of a mediator in Arthur J Gallagher's dispute with David Ross, Mark Mugge and Christopher Keey does not rule out the case progressing to trial, but a confidential settlement can offer benefits out of reach of a judge, according to…
Car hire firms promise better customer service after CMA review
Leading car rental companies have pledged to improve the way that they deal with customers after the Competition and Markets Authority led a Europe-wide investigation into short-term car hire.
Helphire departure ‘not a blow' to GTA, insists CHO director general
The director general of the Credit Hire Organisation, Martin Andrews, has told Post he is not surprised by Helphire's decision to pull out of the general terms of agreement protocol between insurers and credit hire firms.
L&G swaps Be Valued with RDG in its household supply chain
Legal and General has signed a three year contents claims handling partnership with Ryan Direct Group after the insurer’s previous relationship with Be Valued ended with the claims management specialist placing its service into run-off.
At least 161 staff to depart ERS following Brentwood closure
ERS has received “enormous goodwill” from brokers despite the disruption to service levels caused by a transformation plan that has so far seen 161 employees depart the insurer, according to CEO Ian Parker.
Bought By Many targets Chinese travel market
Bought By Many has signed an agreement with Chinese insurer Ping An to launch seven travel insurance policies in China for the online broker's first venture outside the UK.
Penny Black's Insurance Week
News that Markerstudy has launched its own Coat of Arms, inscribed with the Latin words Fortes Fortuna Juvat (Fortune favours the bold), sparked some interesting debate at Post Towers last week.
Consumers bear the brunt of IPT hike amid fears of further increases
Policyholders look likely to foot the bill for a 56% increase in insurance premium tax, but fears have been raised that the government could look to squeeze the already competitive market further by bringing UK IPT into line with Europe.
Insured losses during natural disasters in first half of 2015 below average, says Munich Re
The number of lives lost due to natural disasters during the first six months of 2015 is higher than the first half of 2014, but the overall losses and insured losses are below the long-term average, according to Munich Re.
Mapfre unveils insurance for exchange students
Mapfre has signed a travel insurance distribution agreement aimed at European Erasmus students with the Erasmus Student Network, a Europe- wide student exchange programme.
MIB and DfT dispute allegations of uninsured drivers' agreement 'shambles'
The Motor Insurers' Bureau and the Department for Transport have rebuffed claimant lawyer allegations the new uninsured drivers' agreement is a "bodged job" that breaches European Union law and have confirmed they will not amend the document.