News
Gable cuts underwriting operations to comply with Solvency II
Gable has announced it will "significantly reduce" the scale of its underwriting operations in Europe, and has ordered its broker network to cease writing new business with immediate effect.
IFB to launch new intelligence sharing platform
Names of fraudsters will be shared among insurers using a new platform launched by the Insurance Fraud Bureau.
ABI issues warning to Pokemon Go players
The Association of British Insurers has issued a warning to Pokemon Go fans not to get so caught up in the game they have an accident.
Arium and Advisen team up to help insurers tackle black swans
Specialist risk modeller Arium and data provider Advisen today launched a strategic partnership to use casualty accumulation scenarios to assess insurance portfolio exposure to catastrophic casualty risk.
Registration opens for Lloyd's Dive In festival
Registration has opened for Lloyd's flagship Dive In festival for Diversity and Inclusion.
Changes to driving test won't reduce death on the roads, says ABI
Proposed changes to the practical driving test do not go far enough to prevent road deaths, the Association of British Insurers has warned.
Allianz could make 80 more redundancies as a result of restructure
Allianz could make up to 80 redundancies by the end of the year as a result of a wider restructure.
Guernsey is inviting insurers to relocate from Brexit UK
Guernsey is carrying out a strategic review into how it can become a “more important player” as an international insurance hub.
Number of insurance M&As falls by 30%
The number of mergers and acquisitions has fallen by 30%, research has found.
Financial mishandling was not endemic at Towergate
The Towergate boss at the centre of a client cash mishandling case was "very professional" and the fault was down to a technicality, a source close to the company has said.
Willis Towers Watson hires senior Zurich boss
Willis Towers Watson has recruited Gary Williams from Zurich to strengthen its consulting business.
Motorists believe premiums should be linked to driving behaviour
Four out of five motorists think that the price they pay for insurance should be linked to their driving behaviour, new research from Wunelli has found.
ABI welcomes appointment of Theresa May
The appointment of Theresa May has been welcomed by the Association of British Insurers as a ‘positive day in British public life’.
Dodgy claimant trips up after Facebook post
An Ashford man who tried to claim thousands after he tripped up on a kerb was caught out after investigators spotted an incriminating post on Facebook.
RSA broadens referral network as vet group sweeps in to take credit
RSA has agreed to expand its network of approved veterinary referral centres, but the announcement has already fallen into acrimony.
Tokio Marine Kiln looks at opportunities following underwriting restructure
Tokio Marine Kiln said it would offer a greater range of specialist policy lines following a restructure of its underwriting operation.
Insurers discuss driverless cars consultation in Parliament
Insurers met on Tuesday in Parliament to discuss the government's consultation paper on insurance for driverless cars.
Dual Group appoints Stephen Manning as COO of Dual International
Dual Group has appointed Stephen Manning as chief operating officer of Dual International. He will join on 5 September 2016.
Hastings makes two non-executive director appointments
Hastings Group has appointed Dr Teresa Robson-Capps and Alison Burns as non-executive directors.
FCA fines Towergate £2.6m for failing to protect client and insurer money
The Financial Conduct Authority has fined Towergate Underwriting Group £2.6m for failing to protect client and insurer money.
Third Tesla crash raises fears over safety of driverless technology
A third Tesla car has crashed using the driverless 'autopilot' feature, raising fears over the safety of the technology.
Building Block car hire excess product available to Right to Health customers
Right to Health is to offer its customers a car hire excess product from Building Block Insurance.
Climate change to outpace planned flood safeguards
Changes in climate are likely to outpace efforts to safeguard UK infrastructure against further flooding, a new report from the Committee on Climate Change has claimed.
Over a third of firms rate service as most important factor when buying PI insurance
Over a third of professional firms rate service as the most important factor in selecting professional indemnity insurance, a survey from Brunel Professional Risks has found.