News
County Group eyes further acqusitions following hire of Swinton M&A boss
Former Swinton acquisitions manager Keith Frost has joined The County Group amid plans to support the firm’s appetite to acquire UK based brokers.
MIB targeting young drivers as uninsured driving increases
The Motor Insurers' Bureau has launched its first national awareness campaign in three years due to an increase in the number of uninsured drivers on UK roads.
Bluefin appoints Thistle COO Watson as operational performance director
Thistle Insurance Services chief operating officer Anita Watson has been appointed to the newly created role of operational performance director at Bluefin.
Trust In Insurance: Blog: Trick or treat?
Insurers need to work harder to explain the intricate workings of the industry to customers.
Axa study calculates £34bn of savings from driverless HGVs
The development of automated haulage and logistics vehicles could save the haulage industry almost £34bn, according to a study undertaken by Axa UK.
Adjuster Woodgate and Clark bought by Dutch firm
Netherlands-based loss adjuster Van Ameyde Group has bought the entire shareholding of UK adjuster Woodgate and Clark.
Claimant lawyers and CMCs see PI advertising spend reach £76m in 2014
Claimant lawyers' spending on personal injury and clinical negligence advertising increased 182% between 2010 and 2014 reflecting the impact of the 2013 referral fee ban on the market.
14 million UK motor policyholders tipped to switch provider per year
Up to 320 million motor insurance policies could be up for grabs across Europe by 2020, according to research by Deloitte, as an increased willingness to switch provider takes hold across the continent.
Decline in car sales to hurt premium growth in Malaysia, says MII
The Malaysian Insurance Institute is warning that premium growth in Malaysia will slow over the next few years as the appetite for new cars declines.
Generali appoints Spence as head of Asia M&A
Generali Asia has appointed John Spence as regional head of mergers and acquisitions and strategy.
UK flood risk map incorporates groundwater data
Flood risk consultancy Ambiental has added groundwater data to its UK map, claiming it improves the way insurers assess flood risk at the individual address/building level.
Tianjin explosions could cost up to $3.3bn
The Tianjin explosions have caused potential losses estimated to range from $1.6bn to $3.3bn (£1bn to £2.2bn), according to Guy Carpenter, with the firm adding the Chinese port blasts are "set to become one of Asia's largest manmade loss events."
Hiscox names Eva Berg-Winters as head of UK claims
Hiscox has appointed strategy consultants OC&C’s associate partner Eva Berg-Winters as head of UK claims.
Quindell exploring name change as Rose takes aim at ex-CEO Terry
Former Quindell CEO and chairman Rob Terry has come under fire from non-executive chairman Richard Rose, who has revealed the troubled outsourcer will change its name later this year.
Markerstudy acquires Birmingham broker Lionheart
Markerstudy has gained approval from the Financial Conduct Authority to acquire Birmingham-based Lionheart Insurance.
Insurers remain at odds with Apil over whiplash figures despite talk of collaboration
Insurers have welcomed calls by the president of the Association of Personal Injury Lawyers for greater collaboration, but have roundly rejected his argument that whiplash claims are on a downward trajectory.
Co-op's GI business incurs £17m loss due to costs of IBM deal
The costs associated with the £55m deal with IBM to build an integrated insurance platform were behind Co-op general insurance's £17m operating loss in the first half of 2015.
Quiz of the week - 4 September 2015
It's quiz time. Test your knowledge of the week's insurance news.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Claims Club: FCA considering 'best practice' plea from insurers on SME cases
A senior regulator has conceded that in order for the Financial Conduct Authority to differentiate itself from its predecessor it might need to listen to insurance companies' pleas to issue ‘best advice’ on dealing with SME claims.
Claims Club: Insurers must act to help shape the future of CMC regulation
Insurers have been given a “three to four month” window to shape the future of claims management company regulation, Claims Club members have been told.
Claims Club: Government missed trick in not mandating on salvage says Thatcham
The government’s recent decision to not mandate a compulsory code for salvage has been labelled a “missed opportunity” by one of those involved in the discussions.
Ex-Howden boss Tim Coles joins Nexus as CEO as MGA targets more M&A
Nexus Underwriting Management has unveiled former Howden Broking Group boss Tim Coles as its new CEO.
Survey ranks insurance as top performing sector in dodging hackers
The insurance industry is outperforming other sectors in the battle to combat data breaches, according to a survey that revealed just 17% of insurance companies have been hacked –although lost data remains an issue.