News
Hodges upbeat about network future
Towergate chief executive Mark Hodges said he is confident that the firm’s network division can create an “incredible service offering for brokers” despite a 24% drop in its operating earnings in 2012 to £10m (2011: £13.1m).
UK is 'Europe's whiplash capital' states ABI select committee submission
The Association of British Insurers has published its submission to the Transport Select Committee’s recently closed whiplash inquiry, in which the association labelled the UK as “the whiplash capital of Europe”.
Clear Insurance acquires Steveni Kessler
Clear has acquired the noth-London based commercial specialist general insurance business Stevni Kessler.
Irish insurers expect significant growth in 2013
More than half of (re)insurance companies in Ireland experienced growth in 2012, according to a members' survey by the Dublin International Insurance and Management Association.
Insurance Europe welcomes EC paper on disaster insurance
Insurance Europe has welcomed the European Commission’s investigation into the availability of catastrophe insurance.
Mass: Britain’s ‘have a go’ culture must end
The Motor Accident Solicitors Society has called for an end to the ‘have a go’ culture endemic across Britain, which has contributed to an increase in fraudulent motor accident claims.
Coverbox takes up new Stamford offices
Telematics insurer Coverbox has relocated its management, marketing and admin teams to new bases in its home town of Stamford, Lincolnshire.
Ex-Chelsea trainee boosts sporting connection at Thomas Carroll
Thomas Carroll Group has snapped up former Chelsea Football Club trainee Geza Hajgato to take on the role of account executive within the firm’s commercial insurance division.
Hiscox names property head as new London unit CUO
Hiscox has restructured its London operations, separating the insurance and reinsurance lines in a bid to foster growth.
Hill Dickinson cements fraud partnership with police
Hill Dickinson has signed an information agreement with the Metropolitan Police, building upon their existing six-year counter-fraud partnership.
L&G drops GAB Robins from claims pilot
Legal and General will proceed with two loss adjusters on its claims pilot programme after dropping GAB Robins.
Aviva linked with 'astonishing' Co-op bid
Aviva could be in line to make a bid for The Co-operative Insurance’s non-life business, according to a report in the Sunday Times.
Barnett & Barnett reveals post-MBO rebrand
Barnett & Barnett and NBJ are rebranding as ICB Group from 1 May following their management buyout from IAG in December.
Towergate shrinks full year losses to £6m
Towergate has improved its figures for the year ending 31 December, declaring a pre-tax loss of £6.1m, despite worsening performance from its network division.
Lufthansa's fleet grounded
The German airline Lufthansa has cancelled all but 20 flights out of 1 700 as its ground staff staff strike over pay on Monday 22 April.
Bird flu victims rise to 102; 20 have died
The World Health Organisation has confirmed more victims of bird flu as the source of infection remains to be identified.
Economic slowdown hampering risk readiness
According to the biannual 2013 Aon Global Risk Management Survey, the majority of industries have seen a decline in risk readiness since the 2011 survey.
Ifed raid: Joining up with the front line
When it comes to the industry-funded Insurance Fraud Enforcement Department, market attention normally focuses on the severity of the sentences handed down to ghost brokers and crash-for-cash fraudsters. Callum Brodie joined the Ifed team for an early…
Large earthquake hits Sichuan province, China
A shallow earthquake estimated to be between magnitude 6.6 and 7 struck China's Sichuan province on 20 April.
PI lawyers deny ethical standards slipping
Personal injury lawyers have denied ethics in their business are slipping, suggesting trained lawyers are increasingly forced by time pressures to be more distant from their clients.
New Apil president promises discount rate fight
Newly-elected Association of Personal Injury Lawyers president Matthew Stockwell has marked his debut with a combative speech pledging to resist any increase of the discount rate.
PPOs a “ticking time bomb” says legal expert
Periodic payment orders represent a “ticking time bomb” for injury lawyers and insurers alike, according to one speaker at the Association of Personal Injury Lawyers’ annual conference.
Hiscox names UK tech boss as head of intermediary sales
Hiscox has added to its schemes and partnerships team, naming its UK and Ireland head of technology, media and telecoms as head of intermediary sales and distribution.
Mitsui promotes Graves to deputy head of claims
Mitsui Sumitomo at Lloyd’s has promoted Mark Graves to deputy head of claims.