News
Crane to succeed Bunker as LV Broker MD
LV Broker has appointed commercial director Mike Crane as interim deputy managing director ahead of taking over as managing director in early 2016 when current MD Phil Bunker will move into an advisory role at the insurer.
Ex-Xchanging boss Bermingham to lead Advent Insurance Managament
Insurance consulting and outsourcer Advent Solutions Management has hired former Xchanging executive director Paul Bermingham to lead its delegated authority underwriting venture Advent Insurance Management.
ABI finds 350 instances of insurance fraud per day
Figures from the Association of British Insurers have shown that insurance fraudsters commit 350 acts a day, totalling £3.6m in value.
Motor insurance premiums on the rise, according to Confused survey
Comprehensive car insurance premiums have started to rise during the second quarter of 2015, with motorists now paying £21 more than they were this time last year, according to the latest Confused Car Insurance Price Index in association with Towers…
Axa blocks Southampton fraud gang
A series of organised, contrived motor collisions valued at more than £140,000 has been blocked by a combined underwriting and claims anti-fraud operation conducted by Axa Commercial Lines and Personal Intermediary.
Willis recruits from AIA and JLT in Asia
Willis has appointed David Chan as Asia head of affinity and SMEs, and Cedric Luah as Asia head of human capital and benefits.
Hong Kong aims for Provisional Insurance Authority by end of 2015
The Hong Kong government has announced there will be three key stages for the introduction of the Independent Insurance Authority over the next two years.
Towergate confirms closure of financial risks underwriting unit
Towergate has confirmed the closure of its underwriting division's financial risks unit which mainly managed professional indemnity business.
Ifed investigates fake whiplash claims
An ongoing investigation into what is believed to be a large-scale referral fee fraud targeting solicitors saw nine people interviewed nationwide this week.
Fix Auto UK to benefit from parent's PE investment
Fix Auto UK's parent company has secured a C$8.2m (£4.1m) private equity investment which will be split between its international operations for growth and acquisition purposes.
Carole Nash sees marginal profit increase as turnover drops
Carole Nash reported increased pre-tax profits of £3.94m for the 12 months ended 31 December 2014 (2013: £3.93) despite a £1.5m drop in turnover for the period.
PRA sets December deadline for final decision on SII models
The Prudential Regulation Authority is to make final decisions about firms' internal Solvency II models in December, according to its insurance supervision executive director Sam Woods.
Insurance quiz of the week - 10 July 2015
Insurance swat or could do better?
Dual enters UK agricultural market
Hyperion's underwriting arm Dual has entered the UK agriculture market as part of its strategy to provide more specialised products to SMEs.
Direct Insurance looks to Towergate for London market hire
Direct Insurance London Market has hired former Towergate broker Matthew Pini as a senior broker.
Catherine Barton given Bupa UK role
Bupa UK has appointed Catherine Barton as finance and commercial director.
How Twitter reacted to IPT increase
The insurance sector has taken to Twitter to voice its reaction to yesterday's announcement on the increase in Insurance Premium Tax.
Ross terminates contract after claiming trust breach by Gallagher
Incoming Towergate CEO David Ross has claimed Arthur J Gallagher breached its duty of trust and confidence, which has led to him terminating his employment with the company.
Insurers upping IT spend to unlock digital potential claims CSC boss
Insurance companies are starting to “unlock” their inner digital insurer according to CSC’s insurance boss.
Shock IPT raise - more reaction
The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.
Ex-Axa boss Maso joins Covéa as advisor to CEO Derez
Former Axa UK CEO Philippe Maso has joined Covéa as advisor to group chairman and CEO Thierry Derez.
Court clarifies commercial term in warehouse fire ruling
A 7 July Court of Appeal ruling will give the insurance industry clarity on the meaning of the widely used term "unattended" in the context of commercial premises, according to law firm RPC.
BIA 2015: Inga Beale wins Insurance Personality of the Year
Lloyd’s CEO Inga Beale was tonight crowned Insurance Personality of the Year at the British Insurance Awards.
BIA 2015: David Hertzell wins Achievement Award
Former Law Commissioner David Hertzell was awarded the prestigious Achievement Award at tonight’s British Insurance Awards.