News
Aon's broking division sees little change in total revenue for H1 2016
Aon’s broking division Risk Solutions saw total revenues for H1 2016 differ by only a quarter of a percent from the same period last year.
Private Motor Insurance Order officially comes into effect
Measures to boost competition among insurers and reduce premiums for drivers have come into effect today.
DIMA appoints David Stafford as chairman and Eddy Van Cutsem as interim CEO
The Dublin International Insurance and Management Association has appointed David Stafford as chairman, taking over from Marco Nuvoloni.
Insurers need to look past Blockchain hype, to find best process fit, says PWC
The insurance industry is keen to implement blockchain solutions in order to change the way it operates, a report from Long Finance shows.
Sinz to join Liberty Specialty Markets as head of Europe
Liberty Specialty Markets has appointed Kadidja Sinz to the new role of head of Europe.
Home premiums rise for third quarter running, AA reveals
New research from the AA has revealed a rise in home insurance premiums for the third quarter in a row.
Axa exposes fraudulent £5,348 claim by father and son
Mohammed Rustam Khan claimed over £5000 on his Axa home insurance policy after a burglary at his London home. However, a police investigation revealed Khan’s son, who was also living at the address had stolen his car and staged a burglary.
Ex-LV MD O'Roarke oversees first exec hire as Horwich Farrelly chair
The specialist insurance law firm Horwich Farrelly has appointed Thomas Reynard as its chief operating officer.
Manulife and QBE enhance Hong Kong agreement for agents
Life insurer Manulife has signed an agreement to extend its relationship with Australian giant QBE which allows Manulife's agents in Hong Kong to sell general insurance products.
Can Zurich rebound from senior brain drain as Sharma and Martin join departee list?
Zurich was long regarded as consistency personified; a stable and calming force in an often turbulent insurance market. But in recent years, the Swiss giant has been hit hard by poor financial performance. To counter that, the company then introduced a…
Car insurance premiums are back on the rise after Q1 dip, says AA
Car insurance premiums are back on the rise, according to the AA’s latest benchmark British Insurance Premium Index.
Biba outlines its top 11 Brexit concerns in letter to senior MPs
The British Insurers Brokers’ Association has sent a letter to members of the government, setting out their member’s opinions on what should be considered as the UK heads towards exiting the European Union.
Law Superstore CEO Matthew Briggs hails legal aggregator as transparency game changer
A new aggregator offering legal services - including public injury and road traffic accident options - is poised to launch next week with its boss boasting that Law Superstore could hail a new era of transparency in the sector.
Axa ties up partnership with Chinese e-commerce giant Alibaba
Axa has signed a deal with Alibaba to jointly explore opportunities to distribute insurance products and services through the Chinese e-commerce giant’s platforms including Ant Financial Services.
Customers only reading 15% of their insurance documents, research finds
A typical insurance product comes with more words of explanation than Shakespeare’s Romeo and Juliet, and is written in a language only a PhD student can easily understand, research has revealed.
CMC industry continues to shrink due to regulation, MoJ reveals
Industry-wide turnover for personal injury CMCs has dropped 44% to £215m from £310m last year, as the industry continues to shrink as a result of government regulation.
Enterprise fallout, fraud cases reopened, blockchain and Ghostbusters - the week in Post
Well the weather might have turned a touch greyer, but the summer holidays are truly here judging by the fact my commute to work is less busy but buying a sandwich in the West End at lunchtime has become a lengthy tourist obstacle course.
Swiss Re's Mumenthale positive despite nine point hit to H1 COR
Swiss Re has reported a H1 net income of $1.9bn (£1.44bn), down from $2.3bn (£1.75bn) for the same period in 2015.
Brit CEO Cloutier hails "sound performance" despite "challenging" market
Lloyd's insurer Brit has reported an operating profit before FX and corporate activity costs of US$198.5m (£150.5m) for the first half of the year (H1 2015: US$70.9m). Profit after tax was US$197.6m (H1 2015: US$6.4m).
Gallagher sees strong increase in net earnings
Arthur J. Gallagher’s broker business saw a 28% increase in their net earnings in H1 2016, from $140.9m (£106.7m) for the same period last year to $180.8m (£136.9m).
Glaser confident after "strong quarter" for Marsh
Global insurance broker Marsh had a solid second quarter of 2016.
Biba and Ageas renew calls for telematics tax break after record motor premium hike
Young drivers should be given a tax break on their motor insurance if they take out a telematics policy.
Enterprise liquidator tells policyholders to seek new cover due to claims uncertainty
The provisional liquidator of Gibraltar-based Enterprise Insurance Company has warned that it is uncertain the business has enough assets to pay claims.