News
DLG joins FTSE 100
Direct Line Group has joined the FTSE 100 Index, FTSE Group has confirmed.
ASEAN Insurance Council launches Singapore insurance summit
The first Association of South-East Asian Nations Insurance Summit will take place on 1 October in Singapore.
UK insurers risk losing customers because of poor mobile interfaces
Only 53% of UK insurer websites are deemed to present a positive experience on smartphone, according to research conducted by Google, Nielsen and GfK.
Axa to merge claims operations into one unit for start of 2015
Axa has informed staff of plans to merge its commercial lines and personal intermediary claims organisation and its personal direct and partnerships counterpart into a single claims unit by 1 January next year.
L&G engaging with Unite amid threat of industrial action over job cuts
Legal & General has vowed to work closely with Unite following suggestions by union chiefs that they may pursue industrial action following the insurance company’s decision to close its Ipswich office.
Oval International snapped up by Kaufman Financial Group
HW Kaufman Financial Group has bought Lloyd's broker Oval International which is to return to its original name, Lochain Patrick.
Insurers in the dark on potential investigator regulation
Insurers and private investigators remain uncertain on possible regulation of the sector more than a year after Home Secretary Theresa May vowed to outlaw unlicensed operators.
RFIB unveils 'strategic review' to capitalise on Lloyd's developments
RFIB chief executive Jonathan Turnball hailed “a transformational period” for the broker after it posted an increase in revenue to £41.4m for the 2013 financial year, up slightly from £41.1m for the previous twelve months.
Insure the Box extends Octo supplier contract by two years
Octo Telematics has extended its partnership with Insure the Box in an agreement that will see Octo supply black box telematics technology for another two years.
L&G relocating to Birmingham and Hove after Ipswich closure
Legal & General has confirmed it will close its Ipswich office following the decision to create a single claims operation based in Birmingham and move all Ipswich customer service operations to Hove.
Catlin replaces RSA as Touchstone capacity provider
Seventeen Group subsidiary Touchstone Underwriting is replacing RSA with Catlin on its list of capacity providers.
Ageas appoints Taylor as commercial underwriting head
Ageas has appointed Cathy Taylor as commercial underwriting and operations head.
More Than offers 16% premium cut for drivers with braking devices
More Than is to cut motor premiums by 16% for drivers that have autonomous emergency braking devices fitted as standard in their car.
Altitude hires former broker for underwriting role
Aviation and space underwriter Altitude Risk Partners has appointed former broker Charles Hollingworth as underwriter.
Allianz partners with Nationwide and Fix Auto for repair services
Allianz has partnered with Nationwide Crash Repair Centres and Fix Auto UK to provide vehicle accident repair services for the insurer across the UK.
IUMI readies for Hong Kong conference
The International Union of Marine Insurance has released details of the agenda for its September annual conference in Hong Kong.
23 Chinese insurers fined for fixing motor insurance prices
23 general insurers in Zhejiang province, China, have been fined 110m yuan (£10.9m) for colluding to fix prices.
Napa earthquake insured losses limited to £152m, says RMS
Insurance claims from the earthquake in Napa Valley near San Francisco on 24 August will cost no more than $250 (£152m) according to catastrophe risk management firm RMS.
Broking giants tipped for M&A moves as sector looks to follow Gallagher’s lead
Observers say economic recovery is behind several firms adopting new strategies
Industry warns over negative impact of independent Scotland
EU membership and regulation among major concerns
Lloyd’s set to benefit from increased investment as eastern markets mature
Analysts say eastern interest is ‘clearly a trend’ after completion of several deals
County Insurance buys Clement Gallagher & Co
County Insurance has purchased the goodwill of Merseyside-based broker Clement Gallagher & Co.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
APC plotting underwriting return for Towergate owned-Folgate
Commercial managing general agent APC has acquired Folgate Insurance from Towergate, where the firm was in run-off, with an eye to returning the firm to active underwriting.