News
MRO to appeal judicial review decision on Medco
Medical reporting organisation Speed Medical is to appeal the judgment in its judicial review into the implementation and operation of Medco.
IFB strategy approved by ABI council
The Insurance Fraud Bureau's strategy plans were officially signed-off today (11 December) giving the green light to stretching its mandate from organised motor to property and liability fraud.
Rural Insurance growth keeps firm on track for £100m target
Harrogate-based agricultural specialist Rural Insurance saw its revenue grow 13.3% in the past six months, staying on track to become a £100m business over the long-term.
More flooding predicted as Cunningham Lindsey reports 20% major commercial losses
Thirty-five per cent of the claims so far received by loss adjuster Cunningham Lindsey in the wake of Storm Desmond are commercial, of which 20% are deemed major losses.
Quiz of the week - 11 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Legal & General to stop quarterly reporting
Legal & General is to stop quarterly reporting in 2016, the company has confirmed through a note to the London Stock Exchange.
Fosun suspends shares in Hong Kong
Shares of all the listed entities at one of China's largest conglomerates Fosun were suspended today after concerns over the whereabouts of its chairman Guo Guangchang.
Lockton grows marine presence with Italian and Singaporean investments
Broker Lockton has expanded its marine and protection and indemnity business by acquiring Genoa-headquartered Italian broker PL Ferrari & Co.
Takeover talks reported for PIB
Broker PIB could be bought by a private equity firm led by former French president Nicolas Sarkozy's half-brother Olivier Sarkozy, according to Sky News.
Upheaval continues at AIG with four to go at senior level
The shake-up at AIG continues with chief financial officer David Herzog to go, alongside three other key management figures outlined today by CEO Peter Hancock.
Markerstudy signs up to Thatcham Research
Markerstudy will have access to data from motor testing firm Thatcham Research after becoming a member of the not-for-profit researcher.
Nichols appointed Zurich UKGI COO
Zurich has appointed David Nichols as UK general insurance chief operating officer to replace Barry Perkins.
IFB joins forces with ICO in fraud fight
The Insurance Fraud Bureau has formalised its data-sharing agreement with the Information Commissioner’s Office in a bid to track misuse of personal data in insurance fraud.
Credit hire issues on the table at government motor reform meeting
Credit hire was on the agenda at a high-level government meeting yesterday (9 December) discussing the Autumn Statement, Post understands.
Expertise From A-Z: The future of fleet
Our expert panel examines the future for commercial fleet broking.
FCA urges further improvements on mobile phone insurance
The Financial Conduct Authority’s follow-up review into mobile phone insurance found while some firms have improved, there were still many who were not providing fair outcomes for customers.
Barton elevated to Jelf CEO following business restructure
Phil Barton is to take on the role of Jelf CEO, succeeding Alex Alway who is to join the Marsh board as a non-executive director.
Arc Legal adds claims experts to its offering
Arc Legal will expand its portfolio of products via a distribution partnership with Lorega, announced today (10 December).
Insurers shifting towards wholly digital sales process, Accenture finds
More than half of insurers globally expect to have a wholly digital sales process in the next three years, according to research from Accenture.
ABI outlines 10 point commitment to flood-affected customers
UK insurers have a critical role to play in the floods according to the Association of British Insurers, who today (9 December) outlined the industry’s commitments to those affected by this week's rainfall in Cumbria.
Fitch warns of insurers' ability to absorb cost of further storms
Fitch Ratings has deemed losses from Storm Desmond will be manageable for insurers but will impact the sector's ability to absorb further weather-related losses over the winter, should they occur.
Changes to insurance contracts standard proposed after insurer concerns
The International Accounting Standards Board has today (9 December) published proposals to amend the existing insurance contracts standard, IFRS 4, after concerns were raised about implementing two significant changes in accounting on different dates.
Benefits of resilience bonds heralded in framework launch
Catastrophe modelling firm RMS has launched the framework for a resilience bond designed to help manage financial risk from catastrophes while promoting investment in infrastructure that will minimise physical risk.
LMG outlines key achievements in 2015
The London Market Group says there had been good progress across their four areas of focus as it released its progress report for 2015 today (9 December).