News
Coverbox parent brings admin and contact functions inhouse
Drivestyle Insure, which operates Coverbox and the Drivestyle telematics brands has moved its entire administration and call-centre functions away from BDML, taking the units in house.
Simply Business launches £600k TV ad campaign
Simply Business has unveiled its first nationwide TV advertising campaign, which will kick off next week.
Markel eyeing specialisms as trade credit capacity increases
Lloyd’s insurer Markel is confident of maintaining its foothold in the trade credit market despite growth in capacity being driven by industry rivals.
Esure to offer reduced premiums to drivers of AEB-fitted cars
Esure Group is to offer premium reductions to drivers of certain makes and models of cars fitted with autonomous emergency braking systems via its Esure and Sheilas’ Wheels brands.
FCA review finds 'no evidence of systematic attempts to deny valid claims'
The Financial Conduct Authority is not proposing “any new requirements or rule changes” for firms involved in claims handling based on the initial findings of its thematic claims review.
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.
Corpore signs deal with Telefónica to provide OH services
Absence, injury and risk management provider Corpore has been appointed by Telefónica UK to provide occupational health services across their UK operations.
Four insurers subpoenaed in Iran sanctions probe
Four US insurers have been subpoenaed by New York’s Department of Financial Services as part of its investigation into potential sanctions breaches involving Iran.
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
GI players demand action after FCA life insurance investigation blunder
Aviva and L&G shares fall after investigation details are aired prematurely.
Insurers sought to back new aggregator targeting UK’s Eastern Europeans
Broker targeting same demographic could follow launch of Global Market Compare
Insurance Fraud Register backers dismiss criticisms over slow progress
Hill Dickinson fraud boss Oakes says value of the IFR is ‘incredibly limited’.
ABI won’t fight for further Flood Re inclusions despite band H U-turn
Sources say association’s public backing is result of pressure from Westminster.
Coface signs agreement with Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI) has signed an agreement with trade credit insurer Coface providing reinsurance for Japanese companies trading overseas.
Brunner joins Metlife from American Express in Asia marketing role
Ralph Brunner has joined Metlife from American Express to become the insurer's chief marketing officer for the Asia region.
Allianz seeking applicants for scholarship programme
Allianz has opened applications to its scholarship programme for personal lines brokers.
Hip replacement ruling 'should deter forum shopping'
Product liability insurers have received a boost after a judge ruled that non EU claimants have no right to sue manufacturers under the consumer protection act.
Sabre sees profits leap as GWP decreases by £10m
Motor insurer Sabre recorded a post-tax profit of £43.4m in 2013; an increase on its 2012 result of £29.7m.
Clifford Chance appointed to investigate FCA's conduct
A Clifford Chance lawyer has been appointed by the Financial Conduct Authority to carry out an inquiry into its handling of the announcement it would investigate the treatment of long-standing life insurance customers.
Bollington signs deal with Keycare on foster care product
Bollington Insurance Brokers has partnered with Keycare to include cover for lost and stolen keys in it home insurance product for foster carers.
High-net-worth firms get behind ABI’s band H stance
The Association of British Insurers' support for including band H properties in Flood Re has been welcomed by high-net-worth firms.
Questgates regional manager Scott joins Direct Group
Direct Group has hired Questgates’ Kevin Scott as head of claims development within its claims services division.
Barbican hires international casualty underwriter
Barbican Insurance has recruited Faraday Re’s Tim Mackenzie as an underwriter in the firm’s international casualty reinsurance division.
AIG boosts European trade credit team
AIG has made three new additions to its European trade credit team.