News
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
ABI calls for NIHL claims to go through Claims Portal
The Association of British Insurers has warned that thousands of people are being led to believe they can get compensation for hearing problems.
Greenberg wins AIG lawsuit but no payout
Hank Greenberg has won his four year lawsuit against the US government over the terms of AIG's bailout but Judge Thomas Wheeler awarded no damages.
Aviva to close three Manchester sites after Friends Life acquisition
A "large majority" of Aviva's 780 strong Greater Manchester workforce are set to be made redundant following the completion of the Friends Life acquisition.
Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth
Warren Buffett has agreed for Berkshire Hathaway to take a A$500m 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.
RSA appoints David Wyatt to newly created GSL role
RSA has appointed David Wyatt to the newly created role of development director within its global specialty lines business.
Toby Esser resigns as CEO of Cooper Gay Swett & Crawford
Toby Esser has decided to step down as group CEO of Cooper Gay Swett & Crawford, the broking group has announced. Martin Sullivan, the non-executive chairman of CGSC, will assume Esser's responsibilities until a successor is announced.
Airmic 2015: Crawford report highlights importance of scenario planning
Crawford & Company has urged corporates to consider pre-loss and scenario planning in their risk management programmes after research conducted by the loss adjuster found that emerging and intangible risk categories require an increasing demand for…
Compulsory salvage code proposed to prevent written-off cars returning to the road
Insurers have backed proposals to mandate the salvage code of practice with a view to ensuring the most severely damaged written-off vehicles do not return to UK roads, Post can reveal.
Insurers ‘extremely concerned' about proposed data protection rules
Europe's insurers are "extremely concerned" about several aspects of the proposed European Union data protection rules due to enter the final stages of discussion by European Institutions, according to Insurance Europe.
Insurance fraudsters jailed in Manchester
Sixteen people have been sentenced for their part in a large-scale ‘cash for crash' scam in Manchester.
Flaw in Uber insurance approval process exposed, report
Taxi operator Uber is reviewing its systems in the UK after an investigation raised concerns about the robustness of its approval procedures for driver documents.
Government to offer insurance incentives for terrorism mitigation efforts
Counter terrorism police are to outline details of an insurance programme that will benefit businesses and organisations that make improvements to their security arrangements under the government's crowded places programme.
Airmic 2015: Mactavish unveils Insurance Act guidance
Mactavish has launched a seven-point protocol to guide business compliance with the Insurance Act 2015.
RFIB on acquisition trail following Calera Capital deal
RFIB is set to go on the acquisition trail after selling a stake in itself to private equity firm Calera Capital, but the broker's CEO Jonathan Turnbull admits that its choice of targets is shrinking.
Coverbox spins off tech team into separate business
The owners of Coverbox have split off its telematics technology development department and launched it as an independent business called Insure Telematics Solutions.
Post quiz of the week
Are you on top of the insurance industry news this week?
Towergate's Perry joins Cullum's MVP
Former Towergate migration programme director David Perry has joined Peter Cullum's funding vehicle Minority Venture Partners as investment director.
Swiss Re signs technology initiative with National University of Singapore
Swiss Re has signed a three year partnership with the National University of Singapore to help support the development of big data, business analytics and IT.
AGCS partners with crisis management specialist
Allianz Global Corporate & Specialty is partnering with crisis management firm red24 to help manage product recalls and emergency evacuations.
Alibaba-backed Chinese internet insurer raises $931m
Zhong An Insurance has raised 5.78bn yuan ($931m) in its first private round of financing according to a report.
Willis expands in Taiwan with Elite acquisition
Willis has bought corporate broker Elite Risk Services in Taipei for an undisclosed amount.
Life sciences insurers facing recruitment challenges
Ensuring those who write life science policies remain up-to-date with the latest scientific developments is a key challenge, with those who work in-house often finding themselves out of the loop on key developments.
Marsh placement and development boss Patston joins Touchstone
Seventeen Group subsidiary Touchstone Underwriting has hired Marsh’s placement and development leader Mike Patston as divisional director of liability and construction.