News
Insurers should prepare for claims after MPs' fracking decision
Insurers must brace themselves for claims from disgruntled homeowners and businesses following MPs voting today (16 December) to allow fracking under national parks in the UK.
Takeover date announced for Crane at LV
Mike Crane will officially take over as managing director at LV broker on 1 January next year.
Road cyclist Dowsett becomes Pedalsure ambassador
Road racing champion Alex Dowsett has become an ambassador for cycling insurer Pedalsure.
London market insurers look to investment returns to support 2016 profitability
One in four London market insurers will rely on investment returns to prop up profits in 2016 amid predicted premium rate reductions of more than 10%, according to a PWC review.
Lloyd's Probitas 1492 to increase general liability limit to £15m
Lloyd's syndicate Probitas 1492 is to increase its employers and general liability limit to £15m from 1 January 2016.
AA disputes Storm Desmond will lead to home premium hike
AA Insurance does not expect claims from Storm Desmond to result in widespread home insurance premium increases because the expected £250m of claims from the event are below the £1bn of claims needed to trigger across-the-board increases.
Ex-Zurich UK boss Smith joins Lockton as NED
Former Zurich UK general insurance CEO Dave Smith has joined broker Lockton Companies as a non-executive director advising the boards of Lockton and its managing general agency Mapledown Underwriting.
Review of the Year: General Insurance
The past year has been a rollercoaster ride for general insurers, with tough market conditions serving as a backdrop for highs, such as strategic consolidation and a £1bn whiplash windfall, and lows, including the Insurance Premium Tax hike and struggles…
DWF to acquire German law firm Bridgehouse Law
Defendant law firm DWF is to acquire German international commercial firm Bridgehouse Law on 1 January 2016.
Blanc hails ‘heartening' full-year figures at Aston Scott
Aston Scott Group has reported a 6.4% increase in its fee and commission income for the year ended 30 June 2015 to £17.8m (2014: £16.7m).
Towergate embarks on a 100-strong recruitment drive to grow sales force
Towergate Insurance Brokers is embarking on a recruitment drive of sales executives and sales leaders as it looks to grow its advisory sales force by 100 over the next two years and open new offices.
Lloyd's to launch index in 2016
Lloyd’s of London today plans to launch its own insurance-based index in mid-2016. The index will show diversified risk, loss ratios and be focused on insurance performance.
Covéa uses behavioural techniques to make policies easier to understand
Covéa Insurance has revamped its private car policy with the aim of making it easier to understand and more appealing for customers to read.
GAP product to go to market via Maltese PCC
Maltese protected cell company Building Block will partner with UK-based broker Nova Insurance to provide a new guaranteed asset protection (GAP) product.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Uncertainty around high risk corporate travel destinations may impact coverage
Countries that constitute 'high-risk destinations' are becoming a grey area for companies wanting to protect their employees during overseas corporate assignments, as terror incidents lead to demand for comprehensive multinational programmes.
Ex-LAS director Marshall joins former colleagues as MD of Evolution
Former LAS Claims Management client operations director Ritchie Marshall has become the latest former LAS senior staff member to reunite with company founder Darren Cooper at his new venture, Evolution Claims Management.
German investment firm snaps up one third of Stream UK
Stream Claims Services UK is gearing up for a year of organic growth ahead of future acquisitions in 2017 after a third of the business was sold to German venture investment firm Tiburon.
Slater and Gordon MD Grech warns government over RTA reform “backlash"
The boss of one of the UK's leading claimant law firms has warned about the "unintended consequences" if the government goes ahead with the reforms outlined in the Autumn Statement to combat compensation culture.
Brightside signs five-year breakdown deal with RAC
Brightside Group and the RAC have signed a five-year deal that will see the broker selling a variety of breakdown products to customers across its motor book.
Christmas burglars favour bicycles
Bicycles top the list of the most common items stolen in the Christmas period, followed by mobile phones, tablets and laptops, according to recent research.
Insurers top fintech innovator list but none from UK
Insurers have conquered a leading fintech innovation list revealed today (14 December), but the top spots went to those outside the UK.
Incoming Zurich CEO advised to 'regroup' as possible Senn successors are mooted
Zurich's next global CEO must focus on improving the company's property and casualty underwriting performance, with commentators pitching Mark Wilson and Tom Bolt among the front runners for the insurer's top job.