News
Bluefin M&A pipeline strong with two 2015 purchases yet to be announced
Bluefin has completed two further acquisitions in 2015 that it is yet to formerly announce, in addition to the purchase of Bennett Fozzard in May.
Lloyd's approves first Mexican insurer to join platform
Lloyd's has given in principle approval for the Mexican insurer Patria Re to join its platform.
Questgates loses out as Zurich reveals its loss adjusting panel
Questgates is the main loser on the Zurich loss adjusting panel, which features Criterion for the first time.
Q3 motor premiums increase 4.8%, AA Index shows
Average motor premiums rose 4.8% in the three months to 30 September 2015, while over the past 12 months the average policy price has increased 9.2%, results from the AA premium index show.
FCA proposes changes to improve communication
The Financial Conduct Authority has launched a consultation about how the financial services sector can improve communication with customers.
Bluefin creates merged retail broking division in business restructure
Bluefin has merged its commercial and corporate divisions to create one national retail broking division, the company announced today.
Calera Capital completes purchase of RFIB majority stake
Calera Capital has closed its deal to acquire a majority stake in RFIB Holdings following the completion of all shareholder and regulatory approvals.
Applied Net 2015: Client self service and mobile developments unveiled
Applied Systems has rolled out Applied CSR24 2016, the latest online self-service solution, to UK brokers.
Volvo to accept full liability for autonomous vehicle crashes
Volvo Cars is to accept full liability whenever one of its cars is in autonomous mode, CEO Håkan Samuelsson has announced.
ERS promotes Willis to operations director
Motor insurer ERS has promoted head of personal injury claims Donna Willis to the newly created role of operations director.
Axa foresees driverless car revolution
Driverless cars are almost a reality and have the potential to revolutionise peoples’ lives, according to David Williams, Axa UK’s head of underwriting.
Ex-Towergate brokers launch sports and leisure MGA
A trio of former Towergate brokers have joined forces to launch a managing general agent specialising in the sports and leisure sector.
Prudential UK CEO departs
Life insurance giant Prudential has announced its UK and Europe CEO Jackie Hunt is to leave the company with immediate effect.
ABI defends position on diverted profits tax after Insurer Nation criticism
The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
Zurich looking at new look loss adjusting panel following review
Regulation and consolidation driving insurers’ decision-making process
Chubb posts $601m income for Q3
US insurer Chubb Corporation, which is currently in the process of being acquired by Ace, has posted healthy third quarter net income of $601m (£388m) compared to $594m in the third quarter of 2014 as it benefitted from another relatively benign…
Admiral dismisses data-selling claims as ABS's report £6.2m profit
Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
Lloyd's pledges co-operation with China Taiping Insurance Group
Lloyd's has signed a Memorandum of Understanding with the China Taiping Insurance Group, marking a significant level of co-operation between the two.
Northern European countries ahead of southern counterparts on SII readiness
Insurers in northern Europe are better prepared for Solvency II than those in the southern part of the continent, according to data specialist Silverfinch.
London market claims system Write-Back goes live
Write-Back, the system that allows the IT systems of Lloyd’s managing agents to interact fully with the market’s central claims systems, went live on 17 October, supported by eight carriers.
Oak to launch nine-strong in-house claims team
RSA subsidiary Oak Underwriting is to launch an in-house high net worth claims team on 25 October.
Spanish insurance market shows ‘resilience'
An AM Best report has revealed that the country's insurance market is showing resilience as companies begin to focus on profitability.
Ace reports record $897m operating income for Q3
Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development amid at a period of “chronic uncertainty” around the world.