News
70% of drivers think speed cameras are money-making machines
More than 19m UK drivers (70%) think speed cameras exist to make money rather than prevent accidents, according to a study by Go Compare.
NFU Mutual appoints ex-Axa boss as sales and agency director
Rural insurer NFU Mutual has named Nick Turner as the successor to the sales and agency director role vacated by Ian Leech.
Insurers not spared Cyprus haircut
Cypriot insurance companies will be affected by a bail-in on deposits, contrary to previous reports.
German watchdog makes light of Solvency II delays
The postponement of Solvency II is not a major problem, according to Felix Hufeld, the head of German regulator BaFin’s Insurance Supervision Directorate.
Beazley bolsters marine liability and cargo operation with double hire
Beazley has to strengthen its marine liability and cargo capabilities with two new hires.
Europe View from the Top: Frederik Wulff
The protective nature of the German insurance market has historically meant that local property and casualty insurers have been willing to provide generalised cover across a range of industries, ensuring profitability when claims increase, or demand…
Aquiline completes Equity acquisition
New York-based private equity firm Aquiline has completed its deal to purchase Equity Insurance Group.
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.