News
Motorists pay higher premiums in ethnic neighbourhoods, says PI legal firm
Motorists living in areas with a high proportion of ethnic minorities pay higher premiums for motor insurance, according to a report commissioned by a personal injury legal practice - and dismissed by the Association of British Insurers as flawed and…
Portevin switches roles and Carter to retire at Allianz's global commercial arm
Senior management shake-up at Allianz Global Corporate and Specialty.
Ecclesiastical appoints former Sterling MD John Blundell as managing director of UK general
Ecclesiastical has appointed John Blundell as managing director of its UK general insurance business, effective from 1 September.
Gallagher secures multi-year deal with London University Purchasing Consortium
Following a recent public procurement exercise, Arthur J. Gallagher has secured a multi-year deal with London Universities Purchasing Consortium as its insurance broker.
FCA fines stockbrokers Cenkos over half a million for mishandling of Quindell
The Financial Conduct Authority has fined Cenkos over half a million pounds for misrepresenting insurance outsourcing firm Quindell.
Legal & General reports drop in GI pre-tax profit to £46m
Legal & General has reported general insurance profit before tax reduced to £46m as a result of interest rates cuts.
Willis Towers Watson report strong first half results following merger
Willis Towers Watson group has seen a 9.5% increase in total revenues for the first half of 2016, with $4.2bn (£3.24bn) total revenues earned, up from $3.8bn (£2.93bn) from the same period last year.
R&Q announces capacity boost to £15m
R&Q Commercial Risk Services is boosting its long-term capacity agreement, which will see its total underwriting capacity increased to £15m.
Autonet uses data cracker to inform pricing
Van insurance broker Autonet has gone live with a software solution that tracks customer data to inform pricing.
Applied Systems expands Irish presence with Relay acquisiton
Applied Systems has acquired Relay Software, as part of the expansion of its international footprint and presence in the UK.
82% of insurers considering SaaS technology in response to Flood Re, IPT and CMA motor reforms
Insurer adoption of cloud hosted software-as-a-service technology is set to grow as a response to unprecedented regulatory change, according to research of 94 senior insurance decisionmakers and IT professionals.
Munich Re CEO confident on pricing after increase in catastrophes
Nikolaus von Bomhard, Munich Re's CEO, has said reinsurance prices are bottoming out based on July's renewals.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Insurtech start-up launches with new telematics offering
An insurtech start-up has launched a mobile phone-based telematics app that will be sold to insurers as a licensed product.
Martyn Green is new RSA product and pricing director
Martyn Green has been appointed as RSA’s new personal lines product and pricing director. He replaces Andy Baughan.
Global Risk Partners acquires broker BB Insure
Global Risk Partners has acquired commercial and personal insurance broker BB Insure.
Allianz pushes for £3bn GWP despite half year setbacks
Despite having a 3.6% drop in gross written premiums, Allianz is still aiming to hit a £3bn GWP target.
Axa exposes two crash-for-cash cases after fundamentally dishonest evidence was given
Axa has successfully exposed two cases of crash-for-cash fraud by proving that evidence given in court was fundamentally dishonest.
Motor insurance premiums up 10% from last year
The average price paid for private comprehensive motor insurance has increased by 1% in Q2 2016, up 10% from the same period last year, according to the Association of British Insurers.
Post People 8 - 14 August
Check out this week's movers
MGA Insurance Brokers buys broker Cranston Australia
Adelaide-headquartered MGA Insurance Brokers has expanded its number of offices in Australia to 40 with the purchase of Cranston Australia Insurance Brokers.
Keoghs wins victory as private prosecution is brought against 21 fraudsters
Keoghs has won a victory against 21 fraudsters, and saved Service Insurance Company Limited £140,000 in potential liability after bizarre footage was caught on CCTV.
Towergate plunders Compass motor division with two senior appointments
Towergate Insurance has expanded its London Market motor fleet team with two new appointments from rival broker Compass.