News
Las Vegas fraudster pleads guilty to laundering £66,000 of dead mother's pension
A woman who pocketed £66,000 of her mother’s pension payments three years after she died has pleaded guilty to fraud and money laundering.
Vehicle thefts up for first time in 20 years in London
The Metropolitan Police has seen the first rise in vehicle thefts in 20 years, a Home Office report has revealed.
AIG announces Brexit residency cover for executives
AIG is to cover legal challenges in the event of permanent residency applications being rejected pre Brexit, and the challenges to repatriation orders post Brexit, and part of its Directors' and Officers' policy.
Lloyds Banking Group insurance profit hit by weather claims in H1 2016
Lloyds Banking Group this morning reported that its general insurance business saw a 12.5% drop in general insurance ‘underlying profit’ for the first half of 2016 after reporting £168m in income (H1 2015: £192m).
Supreme Court ruling will not revolutionise industry, say insurance lawyers
The Supreme Court ruling to allow case re-opening when new evidence of fraud has come to light will not lead to an influx of old cases being reexamined, insurance lawyers said.
Charles Taylor to set up a TPA in Q4
Charles Taylor will establish a third party administrator to handle specialist lines later this year, Post has learned.
Career file: Conor Brennan appointed as UK GI head of Zurich UK
Conor Brennan will replace Vibhu Sharma, who left his role as Zurich’s UK country manager and head of general insurance business, amid wider restructuring at the company.
Dive In festival gets a wider audience
Next month Lloyd’s will stage its second Dive In Festival, promoting the cause of diversity and inclusion in the insurance industry.
Enterprise parent company to expand MGA following insurer's collapse
The parent company of collapsed insurer Enterprise is looking to amend the remit and secure additional capacity from an alternative re-insurer for its Managing General Agent Andeva.
Supreme Court rules that claims cases can be re-opened
The Supreme Court has ruled that cases can be re-opened if new evidence of fraud subsequently comes to light after the settlement.
UK General Insurance supports Fish's motor excess book following Enterprise collapse
Leeds-based personal lines insurer UK General Insurance will be supporting Fish Insurance’s motor excess protection book following the collapse of Enterprise on Friday.
Charles Taylor looking to help Cega expand its client base
Charles Taylor is hoping its existing client base will help organically grow new acquisition Cega.
Lancashire Holdings pre-tax profits fall by 36% in H1 2016
The first half of 2016 saw pre-tax profits for specialist insurer Lancashire Holdings drop from £67.5m in H1 2015 to £43.1m.
The County Group launches new headquarters as part of expansion drive
The County Group has launched its new headquarters in Crewe as part of its future expansion plans.
Elite to set up office in Luxembourg to counter Brexit fears
Gibraltar-based Elite Insurance said it will set up a new regulated insurance company in Luxembourg to ensure that it would not miss out on passporting rights following Brexit.
No further job losses planned, JLT promises staff
JLT will not be making further job cuts as a result of its restructure, deputy group CEO Mark Drummond Brady has told Post.
Sprinklers should be compulsory in new warehouses says ABI
Sprinklers should be made a legal requirement in all new warehouses over 2,000m2, the Association of British Insurers has said.
MPs call for a breakup of the FCA
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Almost a fifth of UK motorists lying to get cheaper insurance
Almost a fifth of British motorists are lying to get cheaper premiums, a study found.
Charles Taylor acquires Cega for £29.8m
Charles Taylor has acquired Cega Group, a specialist provider of technical medical assistance and travel claims management services, for £29.8m.
JLT announces 300 job cuts as part of restructuring programme
JLT today announced it has taken “decisive action” to better align costs, cutting more than 300 UK and Irish jobs within its UK Employee Benefits business as part of its restructuring programme announced in March.
Police seize 1.5 millionth uninsured vehicle
Motor Insurers’ Bureau has confirmed that the UK’s 1.5 millionth uninsured vehicle has been seized in Haringey, North London.
ERS moves to support brokers following Enterprise collapse
ERS is looking to support brokers following the Gibraltar Financial Services Commission’s action on Friday after Enterprise informed them they were insolvent.
Carole Nash announces positive results for last financial year
Broker Carole Nash has seen a 77% increase in pre-tax profits in its annual results for last year.