News
Clyde & Co pilots online personal injury arbitration platform
Clyde & Co is piloting an online arbitration system for personal injury claims.
DAC Beachcroft signs partnership with Hong Kong law firm
Hong Kong law firm Oldham Li and Nie will work closely with international law firm DAC Beachcroft..
Carillion collapse to cost industry £31m
Trade credit insurers expect to pay £31m to help businesses recover following the collapse of construction giant Carillion, according to figures from the Association of British Insurers.
RSA appoints new commercial bosses after Robinson and Gearey leave
RSA has appointed two new commercial bosses following the departure of Hayley Robinson and James Gearey.
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Alibaba invests in safe driving app start-up
Tel Aviv-headquartered motor technology firm Nexar has closed a $30m (£21.4m) round of financing.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
Axis establishes global analytics division
Global (re)insurer Axis has set-up a global underwriting and analytics division.
IAG examining future of 141 roles in Christchurch
Australian insurer IAG has placed 141 jobs in Christchurch under threat of redundancy.
Kennedys secures authoritative court guidance on 'fundamental dishonesty'
Kennedys has secured the first authoritative court guidance on the meaning ‘fundamental dishonesty’ in personal injury claims.
Admiral refutes 'racist pricing' allegations
Admiral has refuted claims that it operates a 'racist' pricing structure.
Hastings to use automated fraud detection service
Hastings Direct has selected BAE Systems’ Net Reveal solution in order to detect and investigate claims and policy fraud.
Quindell auditor slapped with £700,000 fine
The company responsible for auditing Quindell has been fined £700,000 for failing to “exercise sufficient professional scepticism”.
Sawyer to swap London for Asia at Liberty
Liberty Specialty Markets has promoted Chris Sawyer to the role of manager, global financial risks, Asia-Pacific
Asia-Pacific COR is "completely unacceptable", says QBE's Regan
Australian insurance giant QBE is looking to turnaround its Asia-Pacific operations after announcing expected 115% COR in 2017.
QBE to miss 2017 COR target and fall to loss after "challenging year"
Australian giant QBE is expecting a combined operating ratio of 104% and $1.2bn (£858m) loss for 2017's financial year.
Treasury MP promises engagement with brokers over regulation
Nicky Morgan, the chair of the Treasury Select Committee, said she looks forward to engaging with brokers over the “important issue” of lost productivity and regulation.
AIG to buy Validus for $5.56bn
AIG has unveiled plans to acquire Validus Holdings for $5.56bn.
Gallagher employee jailed over £500,000 fraud
A claims manager who defrauded his employer, Arthur J Gallagher, out of more than half a million pounds, has been jailed.
GI insurers to face 175% FSCS levy hike
Insurers will face a £56m Financial Services Compensation Scheme levy hike in 2018/19.
In My Bag targets £500,000 in funding round
Gadget replacement insurtech In My Bag will begin a £500,000 funding round through crowdfunding platform Seedrs.
Beazley continues European expansion
Beazley has bolstered its specialty lines teams Munich, Paris and Barcelona as it continues to target European growth.
Motor premium growth slows despite Ogden fears
Motor premiums have risen at their slowest rate in 2017 for the first time in recent years, and declined 1.3% in the last quarter.
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.