News
Revised rehab code to be published by end of Q2 2015
A revised rehabilitation code will be published by the end of the second quarter of 2015 after the International Underwriting Association-Association of British Insurers Rehabilitation Working Party reported an “unprecedented” response for views on a…
Coach crash fraudsters jailed over £150k injury scam
Three Liverpudlian fraudsters have been jailed over a scheme to fraudulently claim £150 000 for personal injuries after deliberately causing a crash between a coach and a car while on a journey to a Manchester dog track.
Axa wins on £4m Ted Baker theft claim
Axa has secured victory in a long running legal battle over a seven-figure employee theft claims from UK clothing firm Ted Baker.
EAIC 2014: Insurance entering golden era, says Beale
CEO of Lloyd's Inga Beale has urged insurers and reinsurers in Asia to help embrace a golden era of insurance.
Kennedys handed ABS approval
Law firm Kennedys has been granted an Alternative Business Structure licence by the Solicitors Regulation Authority, although the firm denies it is seeking external investment.
EAIC 2014: Thai floods had dramatic impact on SME loss ratio
As a result of the devastating 2011 Thai floods the average combined ratio for small and medium enterprises between 2008 and 2012 grew exponentially.
Road safety report calls for zero IPT rate for young drivers
The government should introduce a zero insurance premium tax rate for insured vehicles fitted with a telematics unit for drivers under the age of 25, according the Road Safety Foundation.
Aon Q3 broking revenues inch up 1%
Total revenues for Q3 in Aon’s broking operations have climbed just 1% on a year-on-year basis.
Court rejects industrial hearing loss claim on 'constructive knowledge' clause
The Court of Appeal has ruled against a noise-induced hearing loss claimant because the man had knowledge of his impairment "considerably earlier" than when he brought proceedings against his former employer.
Axa ranked worst in global brand survey
Axa has been condemned as the worst of 90 global consumer brands including Ryanair in a study focused on simplicity.
Insurers likely to benefit as Treasury looks to hike Pool Re fee
The government’s attempt to increase the fees it receives from Pool Re will provide substantial growth opportunities for independent insurers as buyers look for alternative cover, according to Lockton’s terrorism head.
Assurant Solutions buys French mobile insurer
Assurant Solutions has completed its purchase of French mobile insurance administrator CWI Group.
ABI, IFB and Thompsons to discuss fraud collaboration next week
The Association of British Insurers and Thompsons solicitors are set for a face-to-face showdown next week at the Post Insurance Fraud conference.
Zurich's Coleman confirmed as commercial broker MD
Zurich's Richard Coleman is to remain commercial broker business managing director having held the role on an interim basis since the summer.
Global Options CEO Pinder moving to consultancy role
Global Options CEO Frank Pinder is to move away from day-to-day operations of the US investigations specialist, taking on a consultancy role for the business.
Zurich completes sale of Russian retail business
Zurich Insurance Group has completed the sale of its general insurance retail business in Russia to OLMA Group.
Decline in policy numbers sees 5% GWP drop at DLG
Direct Line Group has seen gross written premiums fall across its motor and home books for the first nine months of 2014 largely attributed to reductions in in-force policies.
Swiftcover offering up to 12.5% discount for in-car camera users
Axa-owned insurance brand Swiftcover is to offer customers a discount of up to 12.5% on their motor insurance if they use an in-car camera on their vehicle’s dashboard.
Arista promotes Bodman to Northern region lead
Towergate-owned managing general agent Arista has promoted senior development underwriter Jon Bodman to its Northern area underwriting manager, recruiting an Aviva team leader to replace him.
Ebola 'fear' threatens to cause disruption in developed countries
Fear of Ebola is more disruptive in developed countries than the deaths and illnesses it causes, according to the Cambridge Risk Centre for Risk Studies.
RUP Commercial rebrands to Century Underwriting
Motor managing general agent RUP Commercial Risks has changed its name to Century Underwriting as it looks to expand into liability and property insurance.
UK General boosts group headcount alongside sales director hire
UK General wants to continue growth in its schemes division and has hired personal lines sales director Paul Everett to support its strategy.
Begbies Traynor appointed administrators for Balva broker Bar Professions
Rescue and recovery specialists Begbies Traynor have overseen the sale of parts of Bar Professions’ professional indemnity book, after being appointed administrators for the Lloyd’s broker.
Arc Legal reports 12% 2013 revenue growth
Arc Legal Assistance has reported a 12% increase in revenue to £21.5m for 2013.