News
Blackpool and Crewe among areas with highest drink-driving convictions on motor policies
Llandrindod Wells and Blackpool have been named as the top two postal areas for drivers with drink or drug-driving convictions on their car insurance policies, according to research from aggregator Money Supermarket.
Customer loyalty obtainable for UK insurers if 'fair value' is provided
Insurers have been advised to focus on building long-term relationships in order to retain policyholders after a survey by Consumer Intelligence showed customers do not want to shop around annually.
Austbrokers becomes largest broker network in New Zealand
Austbrokers has bought broker network BrokerWeb Management in New Zealand.
Thousands of claims after huge hailstorm hits Brisbane
Insurers have received over 8,000 claims after a huge hailstorm yesterday in Australia's third largest city.
Quindell denies CMC contract loss reports
Quindell has denied reports that it has lost a contract worth 1000 personal injury claims a month, or that staff will not be paid before 2015.
Allianz tweaking commercial branch network for 2015
Allianz has created a new region for its UK commercial branch network, bringing together two existing locations in Central and East England
Gallagher branded ‘cynical’ and ‘opportunistic’ over Towergate axe
Arthur J Gallagher has been accused of being “cynical” and “opportunistic” in its move to limit business being placed with Towergate Underwriting, citing concern over the health of the business.
Brokerbility expands Scottish footprint as Spence Insurance joins
Spence Insurance Services has become the latest Scottish firm to join independent broker network Brokerbility.
Hastings sees year-to-date profit jump 31%
Hastings has reported a 31% boost in adjusted group profit before tax to £51.8m for the nine months ended 30 September 2014.
Ecclesiastical recruits Towergate Lancaster boss to helm Northern operations
Ecclesiastical has named Towergate Lancaster and Alker Insurance managing director Francis Carroll as its new regional director for the North.
Axa Assistance launches total loss product
Axa Assistance has launched total loss protection insurance for insurers and brokers to address delays and financial losses associated with motor write-off claims.
Increased M&A activity predicted among MGAs
Merger and acquisition activity in the managing general agent sector is set to take-off with 40% of UK MGAs either currently involved in mergers and acquisitions or planning to pursue such opportunities during the next three years, according to a survey…
Thistle raids Towergate for string of hires
Thistle Insurance Services has recruited Towergate Direct interim CEO Amanda Walton as its retail managing director alongside a string of management changes at the business.
Axa launches 14 guides to boost claims transparency
Axa Commercial Lines and Personal Intermediary has launched its claims transparency initiative, called Making Claims Clear.
Towers Watson makes two senior appointments in Asia
Towers Watson has made two senior insurance management appointments in Asia.
RSA appoints Cucchiani as NED
RSA has appointed Enrico Cucchiani as a non-executive director joining the risk and remuneration committees.
Insurance execs should be 'grateful' to avoid PRA's banking approach
Insurance executives should be grateful the proposed introduction of a senior insurance managers regime by the Prudential Regulation Authority is not as stringent as the rules facing bankers, according to one legal expert.
Nine arrested in £450k Ifed household claims investigation
The Insurance Fraud Enforcement Department has swooped to arrest nine men and women across England as part of an investigation into £450,000 worth of household insurance claims.
DWF returns to Greenwoods to swoop for large loss PI team
Law firm DWF has recruited a specialist catastrophic and large loss personal injury team from Greenwoods to bolster its 1000-strong national insurance practice.
PRA consults on regulatory regime for insurance bosses
The Prudential Regulation Authority is consulting on introducing a senior insurance managers regime to ensure those running regulated insurance companies behave with integrity, honesty and skill.
Lime Underwriting PI and D&O exit opens door for Ascent
Ascent Underwriting has entered the UK and Irish professional indemnity and directors and officers markets following the recruitment of Lime Underwriting's managing director and two other specialists.
Seventeen inks Clydesdale debt refinancing deal
Seventeen Group has agreed a deal to refinance its debts with Clydesdale Bank, allowing the firm to target new acquisitions.
Quindell's Moorse sees share deal terminated
Quindell group finance director Laurence Moorse has failed to meet margin call on the controversial share purchase agreement with Equities First Holdings.