News
Major insurers to contribute to No Claims Discount database
Lexis Nexis Risk Solution has secured contribution commitments with major brokers and insurers that account for approximately 45% of the motor insurance market.
Davies and Garwyn tight-lipped on acquisition rumours
Loss adjusters Davies and Garwyn are refusing to be drawn on growing market speculation of an acquisition, with Davies as the senior partner.
Telematics and mobile devices innovation trends to watch
More than 400 insurance-related patents were filed last year, with telematics products and use of mobile devices among the top trends, research from a London law firm has found.
Liberty Mutual Insurance expands commercial casualty team
Liberty Mutual Insurance has expanded commercial casualty team with two new appointments.
Former Lloyd’s chair Taylor joins Pioneer board
Former Lloyd’s chairman Max Taylor has been appointed as chairman of the board at BMS owned-Pioneer Underwriting.
MAST develops marine framework for unexploded ordnance
Marine security company, Maritime Asset Security and Training, has partnered the construction industry research and information association to develop a risk management framework for unexploded ordnance in the near-shore and offshore environment.
MAST supports UK Marine Framework for unexploded weaponry
Maritime Asset Security and Training is helping the Construction Industry Research and Information Association to develop a risk management framework for dealing with Unexploded Ordnance in the near-shore and offshore environment.
Liberty Mutual Insurance expands commercial casualty team
Liberty Mutual Insurance has expanded commercial casualty team with two new appointments.
Haste plotting swoop for Co-op's GI business
Former RSA boss Andy Haste has been linked with a private equity bid to buy the general insurance arm of Co-operative Group.
Yosemite wildfire scorches 225 square miles
A massive wildfire that started over a week ago has burned more than 140,000 acres of Yosemite National Park, according to catastrophe modeling firm AIR Worldwide.
Zurich group CFO Wauthier found dead
Zurich's group chief financial officer Pierre Wauthier was yesterday found dead in his apartment in Zug, Switzerland.
Market Moves: Douetil and Plumeri re-emerge as brokers make moves in the recruitment space
This week saw the return of former Brit boss Dane Douetil at broker BMS, as well as Joe Plumeri taking on his first job since exiting Willis. It was brokers leading the way in the wider recruitment space, with Higos and JLT among the movers and shakers…
China Taiping premiums climb 61% in first half
Chinese insurer China Taiping's premiums increased almost 60.8% to HK$50.5bn in the first half of the year.
Zurich group CFO found dead in his apartment
Zurich's group chief financial officer Pierre Wauthier has been found dead in his apartment.
ING sells South Korea unit
ING, which was bailed out by the Dutch government in the financial crisis, has sold the majority of its stake in its South Korean life insurance arm.
Suspended jail time for LV’s Land Rover fraudster
A Solihull man who fraudulently reported his 20-year-old Land Rover stolen and tried to claim £20 000 from LV has been given a suspended jail term.
Motor rates up 2% in Q2 as niche market outpaces standard classes
The non-life insurance market was flat overall last month as rising rates in property, motor and US casualty lines offset rate reductions in reinsurance, according to a Hampden report.
New Law Society rep for Foil
Nichola Evans has been appointed Law Society representative on the Forum of Insurance Lawyers.
Vet jailed for £200k fraud
A veterinary surgeon who tried to claim almost £200 000 from three insurers for non-existent pets has been jailed for two years.
CPP boss brands £1.3bn pay-back ‘ridiculous’
CPP founder Hamish Ogston claims the £1.3bn compensation scheme for mis-sold credit card and identity theft insurance is "ridiculous".
LV launches wider motorcycle cover
LV has launched a motorcycle product offering increased cover including replacement cover for bikes under six months old.
Bluefin names Thomson as regional MD for the Midlands
Bluefin has appointed Robin Thomson as regional managing director for the Midlands within the commercial division.
SME confidence in recovery doubles as perceived risk falls
Business confidence that the economic climate will improve this financial quarter has almost doubled to 38% up from 20% last quarter; while the perceived level of business risk faced by SMEs has fallen from 44.55 to 43.41 points, Zurich’s SME Risk Index…
Drivestyle Insurance Holdings hires CEO from Allianz
Telematics insurer Drivestyle Insurance Holdings has hired Andrew Bennett, former broker sales manager at Allianz, as chief executive officer.