News
Matthew Moore appointed as LSM president as Metcalf steps down
Matthew Moore will take over as president of Liberty Specialty Markets as Nick Metcalf, president and managing director of the company, steps down.
Further Ogden hits anticipated but whiplash claims falling, says Admiral
Admiral is anticipating further cost pressures as a result of the change to the discount rate, but has confirmed that whiplash claims are falling.
Confused's profits fall 46%
Confused.com, Admiral’s price comparison business, saw profits almost half in the first six months of the year.
Admiral reports slight rise in pre-tax profit despite Ogden impact
Admiral has reported a slight jump in its pre-tax profit during the first half of 2017, despite an earlier hit to profits of £150m from the Ogden rate change.
Australian insurers need to innovate to survive, says TAS
Insurers need to deal with their legacy systems and adapt to insurtech threats according to Sydney-headquartered financial technology firm TAS.
Bennett Christmas merges with Slade Edwards Insurance
Bennett Christmas is merging with Horsham-based Slade Edwards Insurance Brokers as part of its on-going expansion.
General insurance complaints jump within the last year
General insurance complaints submitted to the Financial Ombudsman Service have increased over the last year, recent results have shown.
Allianz reassures brokers over LV commercial book concerns
Exclusive: Allianz has sought to reassure brokers over concerns regarding renewals of the acquired LV commercial book.
Webinar: The power and potential of technology and analytics
There is a lot of noise around the potential for data analytics to give insurers an advantage in everything from pricing to fraud detection.
Claims handler sees personal injury claim dismissed on the grounds of fundamental dishonesty
Two claimants, one of whom was a road traffic accident claims handler, have had their £10,000 personal injury claims dismissed at trial and been found to be fundamentally dishonest.
Towergate to roll out food safety compliance tech
Towergate Insurance has partnered up with technology provider, Checkit, in order to reduce business premiums and the risk of liability for food companies.
Jersey watchdog to increase insurance business rates
The Jersey Financial Services Commission has increased insurance business fee rates 18.1% in line with inflation following a consultation that received no feedback.
Davies Group acquires Claims Management Services Limited
Davies Group has acquired specialty casualty claims third party administrator, Claims Management Services Limited
TT Club to provide insurance cover for 'Uber-style' freight service
TT Club is set to provide insurance cover for Russian freight start-up Deliver in order to implement an ‘Uber-style’ service to its customers.
Fraudster sentenced after making 13 fraudulent claims worth £12,069
A fraudster has been handed an eight month suspended sentence and a compensation order of £2000 after making 13 fraudulent claims totalling £12,069.
UK businesses 'underestimate' the effects of cyber attacks
UK businesses underestimate how long the effect of a cyber attack will last, with 50% expecting to be fully operational after just 48 hours following an attack.
Driving test changes a 'missed opportunity' insurers say
Insurers have warned that planned updates to the driving test do not go far enough by not introducing graduated driver licensing.
Fidelis appoints Charles Mathias to its board of directors
Fidelis has appointed Charles Mathias to its board of directors, replacing Neil McConachie who resigned as group financial officer and director earlier this year.
Hong Kong insurtech start-up registers 1000 users
Hong Kong digital app Cover Go, which helps organise policies, is gaining traction in the Special Administrative Region.
Hong Kong insurers should prepare soon for regulator levy, says EY
Hong Kong's insurers have less than five months to prepare to implement the premium levy to fund the Insurance Authority.
Halo partners with new owner Zurich for Australian car hire excess insurance launch
Exclusive: Halo Insurance is to launch in Australia later this year in what will be its first underwriting venture with new owner Zurich.
Insurers throw cold water on regulator's reporting proposals
Insurers have criticised regulatory proposals which may increase reporting burdens for insurers.
Details emerge on £500m Sabre float
Sabre has hired Barclays and Numis Securities to oversee a listing on the stock market that could be worth £500m, according to Sky News.
This week in Post: M&A, Ogden misery and the Mobot
With London hosting the World Championships there has been a sports buzz about the city this week.