News
Quinn family seeking compensation from state in £3.6bn lawsuit
The family of Quinn Insurance founder Sean Quinn has filed a €4.5bn (£3.6bn) lawsuit against the Central Bank of Ireland, the Minister of Finance and 10 directors of the Anglo Irish Bank.
Footman James in classic car tie-up with Ageas
Footman James has launched a new insurance product for classic car owners in partnership with Ageas.
DWF partner facing election as first lawyer master of Worshipful Company
DWF partner Graham Dickinson may become the first lawyer elected as master of the Worshipful Company of Insurers on July 17.
Mapfre plotting UK commercial expansion with RSA hires
Spanish insurer Mapfre is hoping to substantially expand its UK business in commercial lines, Post can reveal, with two new appointments already made from RSA.
Lockton hires Duncan to head Scotland corporate risks team
Lockton has hired former Marsh and Aon broker Gordon Duncan as head of its corporate risks team in Scotland as it eyes further regional expansion.
Sterling recruits from Evolution for North West development boss
Sterling has pounced for Evolution business development executive Paul Whiston, who will join the business as development manager for the North West region.
Axa sells 10 000-strong pet book to NCI
Axa has completed the sale of its pet insurance book to NCI Vehicle Rescue for an undisclosed sum.
Argo looks to Xchanging for claims role
Argo International has appointed Rashpal Rooprai as senior liability claims adjustor.
Motor rate reductions to end in 2015 say analysts
Motor insurance rates will steadily increase next year after nine successive quarters of reductions according to analysts from Oriel Securities.
IFIC Forensics and the Fire Protection Association form partnership
IFIC Forensics and the Fire Protection Association have formed a strategic alliance to increase insurer access to skilled fire investigators and support fire risk assessment.
Insurance companies failing to respond to online questions
An online customer service study of ten major UK insurance players has revealed that just 30% of emails and tweets are responded to successfully.
MSIG bosses call for heightened safety standards to counter cost of STFs
Business leaders and risk managers have been challenged to adopt safety standards beyond those legally required in a bid to reduce the £800m annual cost of slips, trips and falls in the UK.
Airmic 2014: Insurers must draw ‘intellectual horsepower’ from other trades says XL boss
Insurers must be prepared to build ties with other industries to better tackle emerging risks according to XL Group chief executive Mike McGavick.
PRA won't seek to prevent orderly insurer failure
Insurers should be allowed to fail, as long as their exit is orderly, the Prudential Regulation Authority has stated.
Treasury opens Contracts Bill acceleration debate
The Treasury has launched a new consultation on the Insurance Contracts Bill to decide if it has sufficient support for accelerated passage into law.
Bupa Academy handed CII accreditation
Bupa’s international private medical insurance business has been handed Chartered Insurance Institute accredited status for its online broker training portal, the Bupa Academy.
Airmic 2014: 40% of companies fail to stress test major loss plans
Just under half of companies fail to stress test their major loss strategies according to a survey from Ace conducted at Airmic’s annual conference.
Ecclesiastical embarks on broker roadshow
Ecclesiastical’s senior management has hit the road in a series of shows to meet brokers up and down the UK.
Insurance contract complaints plummet but FS top spot retained
Consumer complaints on unfair insurance contracts have dropped by almost 75% for the year ending 31 March 2014, but the class still attracted more than any other class of financial services business for the fourth year in a row.
LV Broker heading to driving school
LV Broker is targeting the driving school market through a new deal with specialist broker Lloyd Latchford.
Quindell founder Terry passes top job to Fielding
Quindell founder Rob Terry, pictured, is to hand the group chief executive role to services division CEO Robert Fielding, with Terry retaining a position as chairman.
Malaysian bank slammed for Hong Kong maids' insurance advert
Hong Leong Bank has been slammed by domestic workers' groups in Hong Kong for an advert portraying a Chinese actor playing the role of a clumsy maid.
AIG launches revamped commercial property covers
AIG has launched a new line of products for commercial property insurance, including expanded coverage, loss prevention engineering and risk management solutions for mid-sized businesses with global exposures.
Blanc ‘proud' to see Reed promoted to group role
Axa Commercial Lines and Personal Intermediary chief executive Amanda Blanc says she is proud to see Matthew Reed promoted to an Axa group role, where he will take UK-developed practices to the global stage.