News
Quindell exploring name change as Rose takes aim at ex-CEO Terry
Former Quindell CEO and chairman Rob Terry has come under fire from non-executive chairman Richard Rose, who has revealed the troubled outsourcer will change its name later this year.
Markerstudy acquires Birmingham broker Lionheart
Markerstudy has gained approval from the Financial Conduct Authority to acquire Birmingham-based Lionheart Insurance.
Insurers remain at odds with Apil over whiplash figures despite talk of collaboration
Insurers have welcomed calls by the president of the Association of Personal Injury Lawyers for greater collaboration, but have roundly rejected his argument that whiplash claims are on a downward trajectory.
Co-op's GI business incurs £17m loss due to costs of IBM deal
The costs associated with the £55m deal with IBM to build an integrated insurance platform were behind Co-op general insurance's £17m operating loss in the first half of 2015.
Quiz of the week - 4 September 2015
It's quiz time. Test your knowledge of the week's insurance news.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Claims Club: FCA considering 'best practice' plea from insurers on SME cases
A senior regulator has conceded that in order for the Financial Conduct Authority to differentiate itself from its predecessor it might need to listen to insurance companies' pleas to issue ‘best advice’ on dealing with SME claims.
Claims Club: Insurers must act to help shape the future of CMC regulation
Insurers have been given a “three to four month” window to shape the future of claims management company regulation, Claims Club members have been told.
Claims Club: Government missed trick in not mandating on salvage says Thatcham
The government’s recent decision to not mandate a compulsory code for salvage has been labelled a “missed opportunity” by one of those involved in the discussions.
Ex-Howden boss Tim Coles joins Nexus as CEO as MGA targets more M&A
Nexus Underwriting Management has unveiled former Howden Broking Group boss Tim Coles as its new CEO.
Survey ranks insurance as top performing sector in dodging hackers
The insurance industry is outperforming other sectors in the battle to combat data breaches, according to a survey that revealed just 17% of insurance companies have been hacked –although lost data remains an issue.
BLP Insurance responds to regional growth with two senior appointments
BLP Insurance has announced two senior additions to its business development executive team in response to increasing regional demand for its building insurance products in the Midlands and South West of England.
Allianz Engineering promotions strengthen management team
Allianz Engineering has strengthened its management team with the promotions of Natalie Holbrook and Anneke Graham, in preparation to move forward with growth plans.
UK P&I club calls for 'zero tolerance culture' on enclosed space entry as casualties blight shipping industry
Accidents relating to entry into enclosed spaces have resulted in a large number of deaths of both ship and shore personnel so far this year, says the UK P&I Club, calling for more to be done to prevent these casualties.
Axa halts 'significant' personal injury claims with fundamental dishonesty defence
Two fraudsters have withdrawn fake but financially significant personal injury claims after Axa used the fundamental dishonesty defence.
Lloyd's finds £3trn of GDP at risk from disasters around the world
A Lloyd's index has found a total of $4.6trn (£3trn) of projected gross domestic product is at risk from manmade and natural disasters in cities around the world.
Telematics firm Ingenie adds LV Broker to insurer panel
LV Broker is joining Ingenie’s panel of insurers providing underwriting capacity for the telematics car insurance brand aimed at younger drivers.
Biba appoints Yutree to provide ‘quirky’ liability scheme
The British Insurance Brokers’ Association has appointed Yutree Underwriting to provide a new liability insurance scheme that will allow brokers to place unconventional or quirky liability cases including public, products and employers' liability.
DAC Beachcroft approved for ABS licence
International law firm DAC Beachcroft has been awarded a licence by the Solicitors Regulation Authority to operate as an alternative business structure.
Ex-Gallagher execs to fork out £2m in settlement costs
The settlement between Arthur J Gallagher and former international division CEO David Ross and others will cost some of the broker's former executives £2m.
Consumers remain unconvinced by driverless cars as Google suffers latest setback
More than a third of motorists polled by U Switch believe the introduction of autonomous vehicles will drive up their car insurance premiums.
CFC launches global cyber risk portal
CFC has extended its cyber product suite with the launch of an online hub, which it claims enables brokers to deliver an end-to-end solution to their clients.
Post’s State of the Young Broker Nation Webinar
Post is delighted to host a webinar on attracting and retaining broking talent and invites you to watch at 11am on Wednesday 16th September 2015.
National Crime Agency targeted in revenge cyber attack
A group of hackers who were behind previous cyber attacks on Microsoft and Sony have claimed responsibility for downing the website of the UK’s National Crime Agency in an apparent revenge attack.