News
Standard Club members face 5% premium hike
Shipping mutual The Standard Club has revealed a 5% general increase in Protection & Indemnity premiums for the 20 February 2015 renewal.
Claims Awards Asia 2014: The winners
On 19 November the Asian claims community gathered to celebrate claims excellence at an awards ceremony in Hong Kong.
Insurers too slow in bringing products to market, states report
Insurance companies are too slow taking new products to market and struggle to keep pace with evolving consumer demands, according to the majority of industry marketing professionals surveyed by Target Group.
Marsh tipped to lead Towergate bidding
Some of the UK’s largest brokers have been floated as potential bidders for Towergate, with Marsh favourite among some observers.
Martinez and Partners to enter professional indemnity market
Basingstoke-based broker Martinez and Partners is to launch stand-alone professional indemnity products for architects, surveyors and accountants in 2015.
CGI awarded My Licence contract as insurers wait to use system
CGI has contracted with the Motor Insurers' Bureau to deliver the My Licence hub to insurers as the system is reportedly being rolled-out across the industry.
Amlin GWP climbs 4.2% for YTD
Amlin has recorded a 4.2% increase in gross written premium to £2.29bn for the nine months ended 30 September (9M 2013: £2.20bn), despite a year-on-year drop in the firm’s UK quarterly GWP from £269.6m to £257.4m.
Towergate 'gearing up' for Q1 sale conclusion as consultation count reaches 1000
Towergate’s executive chairman Alastair Lyons is hoping to conclude talks over a potential sale in the first months of 2015, after the broker confirmed it had received multiple bids for the business earlier today.
Towergate confirms approaches to buy firm
Towergate has appointed Evercore and Rothschild as joint advisers ahead of a possible sale after receiving approaches from parties interested in acquiring the group.
PRA set to issue individual firm reviews following reserve release warning
Letter to industry CEOs raised concerns over the sustainability of reserve releasing
Flexible commissions look set for FCA scrutiny over conflicts of interest
Compliance specialists say regulator is ‘incredibly interested’ in the practice
‘Fundamental dishonesty’ unlikely to stop false damages in abuse cases
Market commentators believe judges may be reticent to use Bill in abuse cases
Survey sparks calls for co-ordinated effort to attract graduates to insurance
Warning over succession crisis and wage inflation if industry appeal is not raised
Revenue boost from digital innovation tipped to drive insurer acquisitions
82% of insurers expect acquisitions to improve their position in digital world
CGSC announces rebrand ahead of 50th trading year
Cooper Gay Swett & Crawford has renamed its London market brokerage business as CGNMB, a single brand that combines Lloyd's brokers Cooper Gay & Company and Newman Martin and Buchan.
Howden turns attention to UK market with Powell Bateson acquisition
Howden Broking Group has moved to expand its UK regional footprint with the acquisition of commercial broker and risk management consultancy Powell Bateson.
Ex-Zurich claims boss Paton to be reunited with Steve Lewis at RSA
RSA has appointed Zurich’s former UK chief claims officer Bill Paton as claims director for the insurer’s UK and Western Europe business.
Pool Re hails Treasury 'concessions' ahead of EGM vote
Pool Re has welcomed "significant concessions” from HM Treasury in its quest to modernise the terrorism scheme.
Thoresen passes ABI baton to deputy Evans
The Association of British Insurers has named Huw Evans as the successor to director general Otto Thoresen ahead of his move to National Employment Savings Trust in February next year.
Australia's first telematics app created by Wunelli
Wunelli has created Australia’s first smartphone telematics app for motor insurance after teaming up with telematics insurer Insurance Box.
Sportscover and Hamilton agree strategic deal
Lloyd's insurer Sportscover and Bermuda based property and casualty insurer Hamilton Group have concluded their strategic talks after agreeing a deal.
Quindell founder Terry and two fellow directors exit company
Quindell founder and chairman Rob Terry has resigned from the board of directors with immediate effect.
RDT prepared for My Licence launch
Software provider RDT's Landscape platform has been upgraded to support soon-to-be-launched industry hub My Licence.
Chubb appoints George as European operations director
Chubb's Lynn George has been appointed European chief operations director at the insurer.