News
Apil slams 'watered down justice' as meso amendment is voted down
The Mesothelioma Bill passed its final parliamentary stage on Tuesday and will become law once it receives Royal Assent.
Investigation begins into military helicopter crash
An investigation has begun into the circumstances in which a US Air Force helicopter crashed in Norfolk, killing all four people on board.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
UK General looks to Paymentshield and Mapfre for schemes business hires
UK General has strengthened its scheme business with two appointments.
Axa Assistance to provide breakdown service for Carole Nash
Axa Assistance has won a contract to provide breakdown services to broker Carole Nash’s motorcycle and classic car customers.
Young driver safety scheme wins Admiral sponsorship
Admiral has thrown its support behind a young driver safety initiative that offers lessons to aspiring motorists aged between 11 and 17 by agreeing as the title sponsor of the scheme.
DLA Piper's Murphy becomes Sedgwick insurance partner
Sedgwick has hired DLA Piper’s David Murphy to its insurance practice as a partner in its London office.
Faraday property boss Bridge to join Dale later this year
Dale Underwriting Partners has appointed Ian Bridge as head of property insurance from Faraday where he occupied an identical role.
MGAA calls for nominations ahead of board elections
A number of existing representatives of full MGA members of the Managing General Agents’ Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from members.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Zurich recruits chief technology officer from AIG
Zurich has appointed Robert Dickie as chief operations and technology officer and a member of the group executive committee. He will begin in March.
Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
European windstorms caused most December damage
According to catastrophe modeling firm Impact Forecasting windstorms in Europe caused the largest amounts of insured losses globally in December.
Industry raises doubts over necessity of Insurance Brokers’ Standards Council
Chairman Anscombe says the IBSC allows sector to determine its own standards.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Telematics providers push for young driver curfew plans to be scrapped
Green paper on young driver safety postponed indefinitely ahead of debate.
Implications of RSA motor repair victory to be assessed by competition body
Court of Appeal rejects Allianz and Covéa case against RSA’s subrogation model.
Aviva and Sampo floated as potential suitors for RSA
Investment bank UBS has lifted its price target on RSA from 100p to 113p and issued a buy rating for the insurer, based on the prospect of a consortium bid for the firm led by Scandinavian rival Sampo.
Doug Smith appointed to corporate consultancy role
Former Willis and Marsh boss Doug Smith has joined Insight Insurance Consultancy’s corporate insurance consultancy business.
Risk Stop raids Aviva for risk management trio to launch SME venture
Risk control services provider Risk Stop has swooped for a trio of former Aviva Risk Management Solutions consultants ahead of launching a new venture offering health, safety and environmental consultancy services direct to UK SMEs.
Penny Black's Insurance Week
While Penny enjoyed snuggling down in front of the fire with a bottle of sherry and a big box of champagne truffles to watch Downton Abbey this Christmas, she was less obsessive about festive film viewing than the Towergate office, where one member of…
Keycare secures deal with van insurer Gladiator
Specialist key insurer Keycare has secured a deal with van insurer Gladiator which will see policyholders offered its key service as an additional extra.
Biba names Lord Hunt as chairman
Lord David Hunt of Wirral has been named as the new chairman of the British Insurance Brokers’ Association, replacing Andy Homer.