News
Met Office raises UK storm warnings
The Met Office has increased its severe weather warnings for parts of the UK this weekend, calling on residents and businesses to be prepared for disruption.
Sterling partners with Questgates on valuation service
Sterling has launched a new valuation service for commercial businesses managed by loss adjuster Questgates.
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
Hurricane Arthur losses less than £150m
Insured losses from Hurricane Arthur will not exceed $250m (£146m) according to a report from catastrophe modeller RMS.
Grant Thornton insurance chair exits after three months
Grant Thornton’s UK insurance boss Craig Scarr has exited the business just over three months after being recruited from Mazars.
RSA plotting £150m savings drive
RSA will seek to scythe away almost 10% of its £2bn annual costs as part of a savings drive by chief executive Stephen Hester, according to the Financial Times.
Homeserve UK making 'solid progress'
Homeserve has said its UK business set to achieve targets on new customers and customer retention just months after revealing its profits had halved over three years
Allianz is leading reinsurer for crashed Malaysian plane
Allianz Global Corporate and Specialty is the lead hull and liability reinsurer for the crashed Malaysia Airlines Boeing 777 flight MH17.
173 Dutch nationals thought dead on stricken Malaysian plane
Out of 283 passengers and 15 crew on board flight MH17, a crashed Malaysia Airlines Boeing 777, 173 were Dutch nationals according to reports.
China issues red warning as Typhoon Ramassun approaches
China has issued its strongest typhoon warning - red - as Typhoon Ramassun approached South China on Friday morning.
Biba heralds 'transparent' Insurance Bill
The British Insurance Brokers’ Association has welcomed the introduction of the Insurance Bill as a means of increasing “certainty over the rules” on contracts between insurers and businesses.
Malaysia Airlines plane 'shot down' on Ukraine-Russia border
A Malaysia Airlines passenger jet carrying 298 people has crashed on the Ukraine-Russia border, according to Russian news agency Interfax.
Cross-border mergers authorised between UK and Gibraltar insurers
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
FCA to publish whistleblowing guide
Financial Conduct Authority chief executive Martin Wheatley has confirmed the watchdog will be publishing a guide to whistleblowing but has dismissed claims it is part of the regulator's thematic projects.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
Zurich promotes Cohen to head of GI customer and distribution
Zurich has promoted Patrick Cohen to become head of customer and distribution for its general insurance business.
RK Harrison unit handed chartered status
RK Harrison’s UK retail division has been awarded chartered broker status by the Chartered Insurance Institute.
Dual appoints Naveda to UK financial lines team
Dual has appointed global developer and senior underwriter Juan Naveda to its newly combined Dual Financial Lines UK division, part of Dual Corporate Risks.
'Watered down' claims reforms set for Parliament
The Treasury is set to introduce a diluted version of a long-awaited insurance Bill to Parliament later today that drops the potential for claimants to pursue damages over delayed claims payments.
Environmental guarantees sought as Costa Concordia prepares for final voyage
France’s environment minister is seeking environmental assurances from her Italian counterpart before giving permission for the Costa Concordia to be towed past the French island of Corsica on its way to Genoa for scrappage.
Axa introduces real time pricing to Simple product range
Axa commercial lines and personal intermediary has introduced real time pricing to its simple product range on the Powerplace platform.
National Accident Helpline targeting November for first dividend
National Accident Helpline has outlined plans to pay its first interim dividend to shareholders later this year in a trading update issued to the London Stock Exchange this morning.
Gable inks £10m Risk Alliance deal
Lichtenstein based non-life insurer Gable has completed a deal to write commercial business on behalf of UK commercial broker Risk Alliance Group.
Suncorp signs motor claims agreement with Solera
Australia and New Zealand based financial services group Suncorp signs exclusive motor claims agreement with software provider Solera.