News
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.
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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.
David Croom-Johnson given Aegis London MD role on permanent basis
Aegis London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team.
AIG warns of shifting causes of loss through ‘internet of things'
The "internet of things" has the potential to shift the root causes of loss to new, untested arenas, according to an AIG report released today (11 June).
Towergate hires Carolyn Callan for new role
Towergate has appointed Carolyn Callan to the newly-created role of business development and marketing director for Towergate Insurance Brokers.
IT upgrade ‘central' to ERS's transformation
Specialist motor insurer ERS has invested £20m on an IT upgrade it says was a central part of the business's overall transformation.
Directors could be held personally liable for cyber attacks
Company directors and officers could be personally exposed to lawsuits, shareholder actions and regulatory activity if they are found to have breached their duty in the wake of a cyber-attack, according to Marsh.
LMA and IUA release Insurance Act guide
The Lloyd's Market Association and the International Underwriting Association have published a guide to the Insurance Act 2015 to help readers understand any potential challenges under the new law.
Osborne confirms support for insurance sector in Mansion House speech
Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
Aviva finds fraudulent claims totalled £95m in 2014
Aviva has detected more than 14,000 fraudulent claims, totalling £95m, over the course of 2014.
Fidelis model could usher in era of 'responsible underwriting', says Brindle
The business model pioneered by new insurance start-up Fidelis could stoke a move towards more “responsible underwriting”, according to CEO and chief underwriting officer Richard Brindle.
AIG sells Taiwan personal lines and SME book for $158m
AIG has decided to focus on large commercial risks in Taiwan after agreeing to sell its personal lines and SME book to Nan Shan Life for $158m (£102m).
Absolute adds Scotland Yard terrorism head to team
Insurance investigator Absolute has hired former police assistant commissioner Andy Hayman as its strategic adviser and professional standards head.