News
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Quindell will 'vigorously defend' claimant lawsuit
A claimant group has written to Quindell informing the embattled outsourcing company it intends to sue it for up to £9m before costs.
Aon's Christian to focus on diversity as IIL president
Aon's UK CEO Dominic Christian has been appointed president of the Insurance Institute of London and will focus on diversity and inclusion as the theme of his term.
Dual targets more private clients with rebranding
Dual is targeting more private client business as it wraps its Aqua and Aarun private clients' portfolios with Dual's global reach.
Lim moves from Allied World to ArgoGlobal Asia
David Lim has been appointed head of marine at ArgoGlobal Asia.
Sun Life enters GI market with pet and home offerings
Direct to consumer financial services provider Sun Life has underlined its entry into the general insurance market with the unveiling of a pet insurance proposition.
Am Trust to acquire Republic for £153m
Am Trust has reached an agreement to acquire Texas-based property and casualty insurer Republic from its owners Delek Group for $233m (£153m).
Reid to join Gallagher on 12 October
Incoming Arthur J Gallagher UK retail CEO Stuart Reid is to join the broker on 12 October.
Simply Business boosts pre-tax profits for 2014
Xbridge, the online insurance broker for small businesses operating under the Simply Business name, has reported an 8% increase in pre-tax profits for 2014, according to documents filed at Companies House.
RSA considering Russia and Middle East exit
RSA is looking to offload its operations in Russia and the Middle East with reports deeming such activity as a bid to strengthen its balance sheet after the collapse of Zurich's proposed takeover of the company.
QM Costs opens London office amid growth plans
Liverpool-based Legal cost solutions provider QM Costs has secured new premises in London.
Ageas and Age UK extend partnership for another decade
Ageas has extended its partnership with Age UK for another 10 years, with customers now having the opportunity to manage their insurance policies online.
IMIA publishes best practice for engineering claims
The International Association for Engineering Insurers (IMIA) has published a best practice protocol to enable claims to be paid promptly and efficiently.
Insurers predict lower M&A level than previously expected
Optimism among general insurers and brokers about their overall business situation has dipped, according to the results of the latest CBI/PWC Financial Services survey.
Updated rehab code to become operational from December
An updated version of the rehabilitation code has been published that includes a section for lower-value claims and a separate guide for rehab case managers and people who commission them.
CIS survey shows 100,000 parents 'fronting' offspring's motor polices
The number of parents currently ‘fronting’ motor insurance for their offspring has hit 100,000, according to research from The Co-operative Insurance.
Industry veteran Jeremy Adams joins NUML
Specialist managing general agent Nexus Underwriting Management has hired industry veteran Jeremy Adams as an independent non-executive director.
Advent expands global footprint with Australian joint venture
Advent Insurance Management has established a presence in Australia through a joint venture with Sydney-based regulatory and outsourcing provider Littlewoods Services.
Berenberg advises investors to avoid UK motor market
Berenberg analysts are advising investors to avoid the UK motor insurance market due to challenging operating dynamics and several "under-appreciated headwinds" they have identified.
R&Q completes IC Insurance purchase
Randall & Quilter has completed its acquisition of IC Insurance for £17m, a London Stock Exchange note has confirmed.
Insure the Box partners with AA Driving School on telematics policy
The AA Driving School has teamed up with Insure the Box to launch AA Get Driving, a telematics motor insurance policy for pupils who have just passed their test and are buying their first car.
Ifed targets household fraud in national operation
The Insurance Fraud Enforcement Department has arrested six people and interviewed a further 42 as part of a nationwide clampdown on fraudulent household insurance claims this week.
Zurich appointed for self-driving buses tests
The EU-funded research project into automated buses across Europe, City Mobil 2, has appointed Zurich as insurance associate for a series of tests of the technology across the continent.
Neil Eckert steps down as Gallagher NED
Brit founder Neil Eckert has stepped down from his role as non-executive director at Arthur J Gallagher.