News
Industry thwarted £25m fraudulent claims a week in 2016
The insurance sector thwarted 2,400 fraudulent insurance claims valued at £25m every week in 2016, according to figures from the Association of British Insurers.
Grenfell Tower blaze could result in claims of £50m
The Grenfell Tower blaze could result in property and liability claims of £50m, the Norwegian carrier responsible for insuring the building said.
Green Insurance acquires marine broker Collidge & Partners
Specialist marine broker Collidge & Partners has been acquired by Bexhill-based broking firm Green Insurance Group.
Marsh and Aon offices visited in connection to Irish motor competition investigation
Marsh and Aon are among the brokers visited by the European Commission as part of its motor investigation in Ireland.
Willis Re names James Kent global CEO
Willis Re has announced that James Kent will succeed John Cavanagh as global CEO.
Stephen Catlin given the prestigious Achievement Award at the 2017 British Insurance Awards
Described as “a true statesman of our industry”, Stephen Catlin was a worthy winner of the achievement award at the 2017 British Insurance Awards last night.
Crawford's Benedict Burke named Insurance Personality of the Year at 2017 BIA
A “seasoned campaigner,” Crawford & Company’s chief client officer Benedict Burke was handed the Insurance Personality of the Year prize at the British Insurance Awards last night for a sterling 18 months which has seen him make a mark on a number of…
RSA high flier Hannah Kate Smith acclaimed as the 2017 Young Achiever at the British insurance Awards
Described by her employer RSA as a “dynamic, future business leader,” the British Insurance Awards Young Achiever winner Hannah Kate Smith proved a popular choice last night.
LMA satellite service launches for nat cat claims
The Lloyd’s Market Association is to fund a satellite imagery and intelligence service that will enable improvements to claims processes and exposure management before and after a natural catastrophe.
Markerstudy confirms it is not selling, plans strategic acquisitions
Exclusive: Markerstudy has confirmed that it is not for sale and is planning on making further acquisitions.
Ex-Swiss Re boss Michel Liès to be Zurich chairman
Former Swiss Re CEO Michel Liès has been proposed as the chairman for Zurich from next year.
Revealed: 2017 British Insurance Awards winners
RSA scooped a trio of awards last night at the British Insurance Awards, winning in the claims initiative, major loss and young achiever categories.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Elite ceases writing new business
Elite Insurance will cease writing new business with immediate effect.
Insurers must focus on cyber risk accumulation exposure: PRA
Insurers must get a grip on their cyber risk management to fully understand their cyber exposure, the industry watchdog has said.
Media watchdog bans 'misleading' Confused.com adverts
Confused.com has received a slap on the wrist from the Advertising Standards Authority for distributing ‘misleading’ motor insurance advertisement.
Strategy director and marketing manager leave UK General
Strategy and change director Nick Rawlings and marketing manager Ria Cusimano have left UK General.