News
Ex-RSA claims handler handed prison sentence and £37,000 fine
A former insurance claims handler has been ordered by Liverpool Crown Court to pay back £37,000 after being found guilty of illegally passing on customer details to a law firm.
RSA issues ultimatum to staff over redundancy terms
Union bosses are urging action against RSA after the insurer issued an ultimatum to staff over proposed changes to redundancy terms.
Mildura hailstorm costs insurers A$71m
The Insurance Council of Australia has declared a catastrophe in Mildura after a severe hailstorm on 11 November.
NAH leads calls for blanket ban on cold-calling
Over 70 organisations are calling on the government to put in place a blanket ban on cold-calling in the upcoming Autumn Statement.
FSCS pays out £2m to UK Enterprise motor policyholders
The Financial Services Compensation Scheme has paid out over £2m in return of motor premium claims to Enterprise policyholders in the past two weeks.
Norwegian Hull Club opens Lime Street office
The Norwegian Hull Club has opened its first underwriting office outside of Norway.
JLT to sell majority of Thistle UK to PIB Group
JLT will sell the majority of its Thistle UK business to PIB Group, subject to regulatory approval.
Argo Group acquires Ariel Re for £187m
Argo Group is to acquire Ariel Re for approximately $235m (£187m).
Weil: SME market 'great opportunity' for Marsh
Marsh’s UK CEO Mark Weil said the UK SME market is a “great opportunity” following Marsh’s acquisition of Bluefin from Axa.
Gable to take ‘robust’ defence against insolvency petition
Gable is taking “the most robust” action against its administrators over any petition to declare the company insolvent.
Dye: Allianz will be back in the black on personal lines
Allianz will see its profit boosted after eight months when its withdrawal from direct home and motor is completed.
Brokers offline again after SSP goes down
Brokers have been hit by further connectivity issues affecting SSP’s Pure Broking platform this morning.
Marsh's Bluefin acquisition raises concerns over customer choice
Marsh’s acquisition of Bluefin from Axa has seen a mixed reaction from rival broker networks.
#Post People 14 - 18 November 2016
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Marsh to acquire Bluefin from Axa for £295m
Global broker Marsh is continuing its UK SME push after reaching agreement with Axa over the acquisition of national broker Bluefin.
ICA launches disaster awareness media campaign for cyclone season
The Insurance Council of Australia is raising awareness of the upcoming cyclone season by taking out radio, online and print media adverts.
QBE joins Underwriting Agencies Council
QBE's Australia and New Zealand arms have joined the Underwriting Agencies Council in Australia and New Zealand.
Two dead in New Zealand as powerful earthquakes shake South Island
A series of aftershocks have hit New Zealand after a magnitude 7.8 earthquake struck near Kaikoura - 93 miles from Christchurch - just after midnight.
Insurers that fail to adopt business management platforms risk being 'left in the dark ages'
Insurers that opt for Excel spreadsheet over more advanced methods of business planning are at risk of being ‘left in the dark ages’, industry professionals have said.
This week: Elections, new woes and results
This week was an historic week for the world as it watched Americans choose their 45th president.
Insurtech start-up targets barriers faced by Generation Rent
An insurtech start-up will enable tenants to take up a rental contract without putting down a deposit.
Fusion partners with Tokio Marine Kiln in £150m deal
Fusion has revealed a £150m capacity deal with Tokio Marine Kiln.
MIB claims database 'can be used at the point of quote'
A database of recorded claims commonly used to catch fraudsters can be used at the point of quote, the Motor Insurers' Bureau said.
Zurich replaces Sharma with Tulsi Naidu as UK CEO
Zurich has appointed Tulsi Naidu as CEO of its UK business, replacing Vibhu Sharma.