News
Lloyd's senior manager How joins Cunningham Lindsey
Cunningham Lindsey has recruited Lloyd’s senior manager Simon How as global specialty markets director.
Willis Group reports £4.3m net loss for Q3 as UK retail grows
Willis Group reported a net loss of $7m (£4.3m) in the third quarter of 2014 as Willis UK retail achieved modest growth for the global broker.
IIHK and CII enter merger talks
The Insurance Institute of Hong Kong and the Chartered Insurance Institute are in discussions to combine resources under a unified organisation in Hong Kong.
Crawford-backed energy adjuster LWI to launch in Singapore
Lloyd Warwick International will open an Asia-Pacific regional office on 1 November in Singapore with four recruits from rival Charles Taylor.
London market bosses’ wish for unified representation unlikely to be realised
Insiders doubtful over aims of CEOs and COOs that were revealed in IUA survey
Industry backs Jackson’s call for fixed costs to be extended beyond PI claims
Lord Justice Jackson repeats call for fixed costs on all fast-track cases
Mesothelioma claims to get tougher to defend following Supreme Court ruling
McDonald case ‘gives additional protection to people who work in factories’
Solicitors faced 'less difficulty' in 'benign' PI renewals season
Despite recent volatility in the solicitors’ professional indemnity market, most firms had less difficulty renewing their cover this year, according to a survey of managing partners.
Expanded mandatory motor insurance could mean increase in MIB levies
DfT, ABI, Biba and MIB to meet next month to discuss potential changes
Ifed arrests CMC staff on suspicions of fraudulent information gathering
Two claims management company employees have been arrested on suspicion of impersonating insurance policyholders to fraudulently obtain information from an insurer about road traffic collisions.
Markel looks to CNA for senior underwriting hire
Markel has appointed Pushpa Sriwignarajah as senior underwriter in its professional and financial risks division.
Webinar: Imagining a market beyond price comparison
Earlier this year the aggregator space has found itself in the crosshairs of the latest Financial Conduct Authority (FCA) thematic review.
Towergate appoints Tim Redburn for interim planning role
Towergate has appointed former Barbon chairman Tim Redburn as interim group planning director to help with ongoing changes at the consolidator in the wake of group CEO Mark Hodges' resignation this month.
London company market income from overseas offices increases 10%
Insurance business written overseas subject to oversight by London operations accounted for £6.8bn of premium in 2013, a 10% increase on 2012, according to an International Underwriting Association report.
Treasury pledges £97m for ‘world-leading’ Met Office supercomputer
Chief Secretary to the Treasury Danny Alexander has today revealed plans to spend £97m on a supercomputer to improve the UK’s ability to predict disruptive weather.
Ryan Specialty hires McKenna for UK expansion
Ryan Specialty Group has hired Peter McKenna to oversee the development of the company MGA strategy in the UK market.
Regulator writes to UK insurers over climate change risk
The Bank of England's Prudential Regulation Authority has written to around 30 UK life and general insurers to try and assess their risk from climate change.
Corporations Act discouraging information sharing, says ICA
The Insurance Council of Australia has criticised the Corporations Act for not allowing insurers to give more policy information to customers.
Cyber expert warns of altered data records at JLT risk forum
Dr Marco Gercke, director at the Cyber Crime Research Institute, has warned of the threat of hackers altering data records at a JLT Digital Risk Forum.
Marie-Louise Rossi: An obituary
Marie-Louise Rossi, who died last night at the age of 58, left a huge legacy for the London insurance market for which she acted as a powerful, persuasive advocate for over a decade while at the helm of the International Underwriting Association (IUA).
Cornwall man gets suspended sentence in Axa fraud case
A Cornwall man was found guilty of fraudulently attempting to claim £100,000 damages from Axa for an alleged workplace injury.
Ecclesiastical recruits Axa commercial property boss to helm UK underwriting
Ecclesiastical has named Axa’s head of commercial property as its new UK general insurance underwriting director.
ABI rejects claims it 'backtracked' on fraud figures
The Association of British Insurers has denied "backtracking" on claims about the level of motor insurance fraud in response to challenges from the Transport Select Committee to justify its figures.
LV's O'Roarke says motor book has shrunk to ‘optimal' level
LV's private motor book has shrunk to near-optimal size, according to general insurance managing director John O'Roarke, who said the firm will continue to seek growth in commercial and household lines.