News
Towergate loses three senior finance figures
Towergate has confirmed three departures today (30 October) from finance positions.
Aon Risk Solutions sees 8% fall in Q3 revenue
Aon's broking arm, Aon Risk Solutions, has reported an 8% fall in revenue for the third quarter of 2015.
Almost a quarter of CMCs warned or lost accreditation in 2014
The Association of British Insurers has calculated that 23% of claims management companies either lost their accreditation or were formally warned about unscrupulous practices last year, according to the incoming president of the Forum of Insurance…
High Court dismissal of Stoke City assault case 'good news' for insurers
A High Court judge’s decision to dismiss allegations relating to a historical assault case involving former Stoke City Football Club goalkeeper Peter Fox and apprentices at the club should be welcomed by insurers, according to law firm Hill Dickinson.
Tax costs could rise for UK insurers after European Commission cancels review
An ongoing review abandoned by the European Commission on Wednesday (28 October) could increase the tax burden for UK insurers.
Ex-DLG and Flood Re boss Woolgrove moves to ‘challenger’ bank
Former Direct Line Group personal lines managing director Tom Woolgrove has taken on an interim role as deputy CEO for Oak North Bank, an SME-focused challenger to established high street brands.
Very small businesses facing rising insurance costs, Biba finds
The latest Insurance Price Index from the British Insurance Brokers' Association and Acturis has shown a significant rise in the level of premiums charged for very small enterprise policies.
Home insurance premiums fall in year-on-year ABI statistics
The annual cost of a combined building and contents policy has fallen, with the average £290 figure down compared to this time last year but up slightly on the previous quarter, according to Association of British Insurers data.
Aviva CEO Wilson blasts ‘scandal' of data buying industry
Aviva group CEO Mark Wilson says his staff are regularly approached by claims management companies looking to buy data from them.
London company market premium totals almost £23bn in 2014
The London company market chalked up an overall premium total of £22.943bn last year, a report by the International Underwriting Association has shown.
Quiz of the week - 30 October 2015
Test your knowledge of the week's insurance news, with the Post insurance quiz on the week.
Ninety-nine percent of Jelf shareholders approve takeover by Marsh
An overwhelming majority of Jelf shareholders have voted to approve the broker's £258m takeover by Marsh.
Tokio Marine and PICC agree to offer IP protection for Chinese companies
Tokio Marine Kiln has agreed with Chinese giant PICC to provide intellectual property infringement liability insurance to Chinese companies.
Steadfast sees flattening premiums in Australia
Steadfast managing director and CEO Robert Kelly said market rates are flattening after a year of declining premiums and profitability at Australian insurers.
Criterion completes HNW adjusting 'jigsaw' with Zurich nomination
Criterion Adjusters’ nomination to the Zurich loss adjusting panel was “the final piece of the jigsaw” in tying up the high net worth adjusting market, according to managing director Chris Monks.
Vienna Insurance Group completes Baltikums deal
Vienna Insurance Group has completed the acquisition of Latvian insurer Baltikums after receiving regulatory approval.
CII's 2016 New Generation Group launches
The Chartered Insurance Institute's New Generation Group, class of 2016, met for the first time at a launch event held in London on 23 October.
Wilson hails UK organic growth dismissing likelihood of ‘jumbo' deals
Aviva group CEO Mark Wilson said the insurer will consider "build-out" acquisitions that complement its distribution model but is not considering any "jumbo" deals.
Aviva signs five-year partnership with Homeserve
Aviva has signed a five-year deal to underwrite home assistance products for Homeserve's two million UK customers.
ACR's John Tan retires
Reinsurer Asia Capital Re's CEO and founder John Tan has decided to retire citing health reasons and medical advice.
Aviva UK & Ireland Q3 COR improves to 92.8%
Aviva UK & Ireland has reported an improved combined operating ratio for the first nine months of 2015 - 92.8% from 94.2% in the same period last year.
Shareholder Icahn calls for AIG split
Activist shareholder Carl Icahn has claimed AIG is "too big to succeed" and needs to be broken up.
RAC to launch mass-market telematics product in Q1 2016
RAC is to unveil a mass-market telematics product that includes a vehicle diagnostics feature in the first quarter of 2016.
Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).