News
Novae to manage Stride MGA Portus Underwriting
Stride Insurance Group has launched a new managing general agent facility for property owners insurance backed by the Lloyd’s market.
Swinton promotes centre mangers in Burnley and Grimsby
Swinton has heralded its commitment to nurturing talent from within the business following the appointment of Nicholas Ascott and Jemma Nicholson to the position of regional centre managers.
Calls for tougher sentences for heritage crime backed by Ecclesiastical
Ecclesiastical has described government proposals for tougher sentences for criminals damaging heritage and faith buildings as “a positive step in the fight against heritage crime”.
Brindle’s departure to spark short-term uncertainty
Investment bank Espirito Santo says the “shock announcement” of Richard Brindle’s departure from Lancashire Holdings will initially be taken negatively by the market.
Lorega launches online tool for brokers
Lorega has launched an online quote-and-buy facility for brokers allowing access to its range of commercial products for SME clients.
Aviva simplifies Italian life joint ventures
Aviva has reached an agreement with UBI Banca and Unicredit to restructure its life joint ventures in Italy.
Brindle retires from Lancashire amid leadership shuffle
Lancashire Holdings founder and group chief executive Richard Brindle is retiring from the business at the end of the month.
Disability charity says home insurance websites discriminate against disabled
Badly designed websites could be leaving major UK home insurers exposed to potential discrimination lawsuits by excluding more than 11 million disabled consumers from purchasing cover online.
Gallagher CEO Ross hails 'huge hire' of RSA stalwart Brown
Arthur J Gallagher has welcomed the hire of RSA UK and Western Europe chief executive Adrian Brown to its board.
Industry promises claims handling improvement after review finds issues
Regulator’s investigation highlights concerns over customer experience.
Brown quits RSA to take on role at Arthur J Gallagher
RSA UK and Western Europe chief executive Adrian Brown has resigned from his role and is to join the board of Arthur J Gallagher as executive chairman of underwriting and distribution.
Caution urged against using widescale exclusions in cyber policies
Insurers are facing calls to stop embedding sweeping exclusions into cyber policies following the emergence of the internet-based Heartbleed bug and Microsoft discontinuing protection updates for its Windows XP operating system.
South Korea ferry sinks
A large car and passenger ferry has sunk off the coast of South Korea after it reportedly hit rocks this morning.
Profitability under pressure at Chinese insurers, says Towers Watson
Softening rates, increased expenses and loss ratios will see China's insurers profitability come under increasing pressure according to Jenny Lai, consultant, property and casualty insurance, China, Towers Watson.
85% of workplace injuries uncompensated says Apil
A huge majority of workplace related injuries and illnesses remain uncompensated according to figures released by the Association of Personal Injury Lawyers.
SEIB completes Lansdown buy
South Essex Insurance Brokers has completed the purchase of Lansdown Insurance Brokers, retaining partners Ray Gill and Fred Irvine.
DLG’s Brown joins KPMG as partner
Direct Line Group’s David Brown has been appointed a non-life actuarial partner in KPMG’s insurance practice.
Further scrutiny likely to follow FCA warnings
Brokers are likely to face further regulatory scrutiny around client money handling, according to financial controls software firm Autorek.
Alpha bumps up broker commission to 40%
Underwriting agency Alpha Underwriting is offering its brokers 40% commission on all corporate travel and personal accident policies placed before the end of June 2014.
Expertise in action: Data validation in the broker space
The insurance industry has invested heavily in its capabilities to detect and stop fraud in recent years. And this is as true at the front end with data validation as it is with claims fraud at the back.
Merrill to lead Ace's global cyber risk practice
Ace has named Toby Merrill as the head of its newly launched global cyber risk practice.
Two brokers in firing line as FCA issues warnings
Two broking bosses have been given warning notices by the Financial Conduct Authority relating to management issues and client money handling.
Broker FSCS levy drops 39% as PPI fears ease
Final levies for insurance brokers have dropped by almost 40% in figures released today by the Financial Services Compensation Scheme.
Marsh joins HCC boards as Bishop departs
Nicholas Marsh has been appointed as non-executive chairman of both HCC International and HCC Underwriting Agency.