News
Nelson: Brexit is an opportunity to offload ‘burdensome’ regulation
Lloyd’s chairman John Nelson has called for the UK to abandon “overly burdensome” regulation following Brexit.
RGL Forensics expands to Europe with Frankfurt office
RGL Forensics has expanded into Europe through acquiring an overseas office in Frankfurt, Germany and the company has appointed Christian Skodczinski as an RGL partner and head of the new office.
PPI complaint numbers still 'significant challenge', ombudsman warns
The Financial Ombudsman Service said the number of payment protection insurance complaints it receives is still a “significant challenge”.
SSP restores limited service to handful of brokers
A handful of brokers have been given limited functionality on SSP's Pure Platform, 11 days after the service was downed by a power outage, with promises that the full service will come later.
Insurers selling cyber cover are themselves open to risks from hackers
Big players risk damage to brand if they don’t properly protect themselves
Octo adds Axa and LV to telematics offering
App-based telematics provider Octo Telematics has added four insurers to its free smartphone driving app Octo U.
Hurricane Hermine insured losses estimated at over $500m
Hurricane Hermine, which has killed two people and left over 250,000 people without power in Florida and Georgia, is expected to produce in excess of $500m (£375m) worth of insured losses.
R&Q ‘back in the black’ after turnaround in results
Randall and Quilter has announced a pre-tax profit of £1.2m for the first half of 2016, a turnaround from a £4.5m loss in the same period last year.
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Brexit is opportunity to abandon ‘mad’ gender directive
Female drivers in the UK could have saved £500m every year since the European Union’s Gender Directive was introduced.
Insurance Revolution joins Integro Insurance Brokers
International broker and risk management firm Integro Insurance Brokers have announced the acquisition of Insurance Revolution.
Lloyd’s chairman hints at post-Brexit EU underwriting hub
Lloyd’s chairman John Nelson has hinted that the corporation would establish an underwriting hub in Europe if the UK loses single market access.
SSP begins to move brokers to secondary data centre
SSP is moving brokers to a backup data centre in West London, as the power outage that stopped business last week rolls on to its 10th day.
Swan returns to Asia for Lloyd's compliance role
Kim Swan, most recently senior manager - international regulatory affairs at Lloyd's, has returned to Asia.
Insurtech products 'could engage the Millennial market'
Insurers should stop selling insurance and start selling product services instead, if the industry is to successfully tap into the Millennial market.
Insurers ‘on notice’ after Hanjin shipping collapse
Insurers should be ready for a deluge of claims in the coming weeks as the collapse of Hanjin shipping company leaves cargo stranded at ports or on the high seas, Crawford & Company has warned.
Week in Post: trampolining, brokers in the dark and cake
I was reminded of the insurance industry this surprising sunny bank holiday weekend when I was required to sign a waiver to accept and acknowledge my participation in Gravity Force trampolining could entail "known and unknown risks that could result in…
CMA calls Co-op out over no claims bonus order compliance
The Competition and Markets Authority has called out Co-op Insurance for being unable to fully comply with its Private Motor Insurance Market Investigation Order.
Italian government appoints czar to oversee earthquake reconstruction
The Italian government has appointed a reconstruction czar to oversee rebuilding following last week’s magnitude-6.2 earthquake which struck Italy's Umbria region.
Lancashire Holdings reveals succession plans at Syndicates 2010 and 3010
Lancashire Holdings has revealed succession plans for the active underwriter roles of Syndicates 2010 and 3010 at Cathedral Underwriting.
Davies Group adds Core Claims to its casualty division
Claims service provider Davies Group has acquired specialist motor and equestrian handler Core Claims for an undisclosed sum.
SSP accused of making 'wrong call' over decision not to use secondary data centre after outage
SSP has a backup data centre that wasn’t used when an outage occurred last week because of concerns that a modest amount of data would be lost, Post understands.
ABI takes to ITV to discuss motor insurance fraud and premium rises
The Association of British Insurers’ director of general insurance policy James Dalton appeared on ITV Tonight yesterday discussing insurance fraud and motor premium rises.
