News
Insurers’ profits decline by £19bn from pre-crash high
General insurers saw a £19bn profit fall in 2011 from a pre-crash industry high in 2007, PWC research found.
Motor Claims 2013: Panellists at loggerheads over credibility of medical evidence
Aviva claims director Dominic Clayden has questioned whether medical evidence is required in all low level whiplash claims, after expressing disillusionment with the current system.
GAB Robins expands tablet adjusting programme
Loss adjuster GAB Robins is to deploy tablets with all loss adjusting teams by the end of Q2.
Groupama MD Matras set to depart as Ageas unveils management shake-up
Ageas has this afternoon confirmed that former Groupama Insurances managing director Laurent Matras will leave the business, as the integration of the acquired firm gathers momentum.
MP hails "significant victory" against metal thieves
Richard Ottaway MP has hailed the success of his Scrap Metal Dealers' Bill, which was passed yesterday in the House of Lords and is due to receive royal assent before Easter.
XL opens Manchester office
XL Group is opening an office in Manchester and has appointed Mick Turvey as regional underwriting manager, UK middle markets, to head it up.
Motor Claims 2013: Dalton calls on industry support for road safety scheme
The Association of British Insurers is urging industry players to support calls for the implementation of guidelines demanding tighter controls on young drivers, both prior and after passing their test.
House rebuilding costs rise by less than 1%
The increase in house rebuilding costs has fallen below 1% in the 4th quarter compared to the same period in 2011.
Kennedys calls for claimants to reveal their damages investments
Insurance law firm Kennedys is calling for claimants to reveal how they invest their damages in a bid to encourage debate around the second discount rate consultation.
Green Flag catches investors' eye
The appeal to investors of breakdown business Green Flag could provide its parent company Direct Line Group with "significant future flexibility" according to Investec Securities.
AIG launches pan-European D&O cover
AIG has launched a European directors and officers’ policy which is says responds to important shifts in current risks to directors and officers, as well as evolving corporate governance demands.
AIG ‘future proofs’ risks for D&O
AIG has launched a pan-European directors’ & officers’ policy in response to the changing risks faced by this group.
Willis reveals $446m net loss
Global broker Willis recorded a net loss of $446m for the 2012 financial year, in stark contrast to the previous year’s $203m profits.
Giles strengthens Leeds branch
Giles Insurance Brokers has appointed Andrew Perry as new branch director for its Leeds office.
Steve Gordon joins Henderson as marine director
Marine specialist Steve Gordon has been appointed as associate director by Henderson Insurance Brokers.
AIG appoints EMEA commercial president
Emmanuel Brulé has been appointed president of commercial Insurance, EMEA, at American International Group.
Keystone launches £1 post-LASPO legal cover
Keystone Legal has launched an after-the-event personal injury legal insurance cover renewal product.
Patrick Gallagher to quit UK business
Gallagher Heath head of retail Patrick Gallagher is returning to his native US next month to take up a new retail role, Post has learnt.
Steady growth at Marsh and Guy Carpenter
Marsh and Guy Carpenter have both seen revenues increase for the year ending 31 December.
Aviva "delivering on promise" to strengthen cost base
Aviva should be viewed as a "strong restructuring story" given most of the "heavy lifting" to improve its cost base has been completed through the disposal of underperforming business units, according to equity analysts Panmure Gordon.
Willis reports $446m 2012 net loss
Willis group has posted a total net loss of $446m for the year ending December 31 2012, a significant swing on last year’s result of $203m profits, alongside plans to cut 200 jobs.
Xchanging 'makes history' with ECF app launch
Xchanging has launched a mobile application for the London insurance market in a move it claims will "make history in the market".
Scrap Metal Dealers bill ready to receive Royal Assent
The Scrap Metal Dealers’ Bill proposed by MP Richard Ottaway has successfully passed its third reading in the House of Lords and is ready to receive Royal Assent.
Markerstudy CUO: Brightside stake "non-aggressive"
Markerstudy took a 9% stake in Brightside in a bit to protect its capacity investment and ward off buyouts according to the motor insurer’s chief underwriting officer.