News
UK businesses taking more risks, QBE research finds
More than half of UK businesses are taking more risks than previously in order to win new business, according to research from QBE.
Proximity to schools and supermarkets used in claims propensity study
Homeowners in certain parts of Sheffield, Newcastle-upon-Tyne and Kent are among the most likely to make a home insurance claim, according to a study conducted by Marketing Matrix.
RSA likely to axe 2013 dividend says analyst
RSA may scrap plans to pay a 2013 full year dividend according to a report from Shore Capital analyst Eamonn Flanagan.
Beazley and Hiscox launch D&O consortium
Lloyd’s players Beazley and Hiscox have joined forces on a new D&O facility for brokers and clients.
ABI’s Evans slams lack of political courage on young drivers
The Association of British Insurers has condemned stalled progress on a government green paper investigating updated rules for young drivers.
FCA claims review coincides with improving London market service quality
London market insurers have been “upping their game” in terms of claims service quality amid an ongoing Financial Conduct Authority thematic review, according to the results of Gracechurch Consulting’s 2013 claims performance monitor.
Ageas UK appoints State Street as accounting services provider
State Street Corporation has been appointed by Ageas UK to provide global custody and investment accounting services for $4.5bn (£2.7bn) of its assets.
Clements Worldwide makes double appointment in London office
Clements Worldwide has made two appointments in its London office including promoting UK managing director Dan Francis to global business development vice president.
XL launches operational risks team
XL Group has established an operational risks team to provide operational risk cover to financial institutions clients.
Matras returns to Axa as personal lines intermediary MD
Former Groupama Insurances managing director Laurent Matras has returned to Axa as managing director of the insurer’s personal lines intermediary division.
Gee 7 Group seeks apology from Umunna over mis-selling claims
The company accused of arranging personal accident insurance packages that were allegedly mis-sold by employment agencies is seeking a full apology from the MP that made the claims.
BPL Global appoints ex-JLT director in Hong Kong
Ex-JLT divisional director Margaret Ho has joined political risk broker Berry Palmer and Lyle (BPL Global) as a senior broker at its Hong Kong office.
Comprehensive motor policy falls by 9% says ABI
The cost of the average private comprehensive motor insurance policy fell by 9% during 2013 compared to 2012, according to the ABI’s new quarterly average private comprehensive motor insurance premium tracker, launched today.
Ecclesiastical completes relocation of Manchester office
Ecclesiastical has relocated its Manchester-based teams to new premises in the city centre, in a move that is expected to provide additional space for regional growth.
Hampden Underwriting completes Helios re-brand
Hampden Underwriting completes Helios re-brand Hampden Underwriting has been handed regulatory and shareholder approval to changes its name to Helios Underwriting.
China Pacific in line for bumper 2013
China Pacific Insurance (Group) has said it expects profits to have jumped 80% in 2013.
London P&I Club issues warning over cargo liquefaction
The London P&I Club has said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight on the problem of cargo liquefaction.
UK fraud specialist launches in Australia
VFM Services, a desktop claims handler and trainer, is making its conversation management tool and training offering available in Australia.
ABI to defend merits of driving curfew at Westminster talks
The Association of British Insurers has reiterated its backing for the introduction of a curfew for young drivers in the face of growing calls from telematics firms for government to scrap the proposed scheme.
Manchester and London most targeted by home burglars
Manchester suburbs Barlow Moor and Chorlton-cum-Hardy were ranked top of a Money Supermarket list of UK areas most likely to file a home insurance burglary claim.
LV Broker agrees motor partnership with Reach Financial Services
LV Broker has reached a £1m deal to offer its ABC and Highway products on the Reach Financial Services panel.
Wunelli adds support to non-curfew solution ahead of government debate
Wunelli is calling on government to introduce policy adjustments as opposed to implementing a nighttime curfew for young drivers, ahead of a Westminster debate with telematics providers next week.
Brightside raises capital to avoid convenant breach
Broker Brightside Group has successfully raised £6,844,110 by the placing of 45,627,400 new ordinary shares of 1 pence each at the placing price of 15 pence per share.
'Profiteering' employment agencies accused of mis-selling by MP
A government body is investigating whether employment agencies have been mis-selling workers personal accident insurance.