News
Banks confirms UKIP MP plans
Go Skippy and Brightside founder Arron Banks has confirmed he plans to run as a UKIP candidate to become a member of parliament for the Gloucestershire constituency of Thornley and Yate.
Axa business manager King joins Ageas' key account team
Ageas has appointed Axa’s Dan King as a broker account executive as part of a bid to boost expertise within its key account team.
Canopius looks to Towergate for marine division expansion
Canopius Group has appointed two former Towergate employees to grow its presence in the UK marine and pleasurecraft market.
KPMG awarded ABS licence
Accounting firm KPMG has been awarded an alternative business structure licence by the Solicitors' Regulation Authority to work on a multi-disciplinary practice basis.
Go Skippy founder to bankroll UKIP campaigns
Go Skippy founder Arron Banks is to become one of the UK Independence Party’s largest donors, switching from a long-held allegiance to the Conservative Party.
JLT March Re set up through joint venture
JLT Re has entered a reinsurance joint venture agreement with Spanish capital insurance broker March JLT.
JLT appoints AIG veteran to board
Jardine Lloyd Thompson Group has appointed Nicholas Walsh as non-executive director.
Axa partners with Experian on commercial risks data enrichment
Axa Commerical Lines and Personal Intermediary has partnered with Experian to introduce data enrichment for commercial risks.
Adrian Flux and Carole Nash first to sign up for IFB broker model
The Insurance Fraud Bureau has unveiled a two-tier membership model for small and larger brokers in a bid to strengthen the industry’s collective fight against fraud by opening intelligence sharing to a wider broker audience.
DfT tipped to focus on telematics in announcement on young driver safety
Government thought to have sought reports from three telematics providers
UK firms warned over capitalising on Russian insurers’ exit from Ukraine
Conflict in the region tipped to push Ukrainian business westward
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms
CMA private motor market report: Mooted ‘wide’ MFN clause ban could offset rate rises resulting from CMA inaction
Authority’s decision not to intervene on credit hire costs ‘a bitter pill to swallow’
CMA private motor market report: GTA demise ‘only a matter of time’ after CMA fails to find credit hire cost remedy
Only hope for industry-wide change could be ‘shaming’ others into it
Brokers urged to offer ancillary cover outside of renewal cycle
Brokers are missing out on key revenue opportunities from ancillary products according to research conducted by Astrenska, Collinson Group’s underwriting division.
Lloyds Banking Group brings home insurance underwriting in-house
Lloyds Banking Group has become sole underwriter of all its home insurance policies after exiting its existing panel.
BMW renews Allianz Global Assistance warranty programme
BMW has signed a three year deal with Allianz Global Assistance in the UK to provide extended warranties to car owners.
Covéa boosts southern presence with Towergate and NIG hires
Covéa Insurance has hired Towergate’s Martin Rees to head up broker development in the South West and Wales and NIG’s Jonny Gilmore to develop the regional commercial account.
RSA appoints Cotton as real estate director
RSA has appointed Rachel Cotton as real estate director for its risk managed business.
Saga sees pre-tax profits drop as group hit by £50m IPO costs
Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.
Debevoise to offer local law advice in Hong Kong
US law firm Debevoise & Plimpton is to offer local law advice in Hong Kong from 1 October, after two decades of operating as an international legal practice.
Global Aerospace director appointed IIL president
Global Aerospace director Stephen Riley has been appointed president of the Insurance Institute of London for 2014/15.
Air India's premiums climb 15%
Air India has seen premiums for its fleet climb 15% on its 1 October renewal after a turbulent time for the aviation insurance sector.
New Zealand Insurance Council joins government cyber crime initiative
The Insurance Council of New Zealand has teamed up with the National Cyber Policy Office to offer advice to individuals and companies.