News
Barbican opens new Manchester base
Barbican Insurance Group has opened a new office in Manchester, located in the Hive complex of the city’s Northern Quarter.
Staysure to create 120 jobs in 2016
UK insurance and travel provider Staysure is creating 120 new jobs across its business this year.
FCA targets thousands of firms in proactive engagement push
The Financial Conduct Authority wants to reach up to 3,000 firms in the next 12 months through its live and local regional programme, which runs until March next year.
RGA Underwriting gets Lloyd’s broker status
RGA Underwriting will start placing risks directly with Lloyd’s underwriters in a move the company says will let them place more unusual risks particularly in the property market.
PIB appoints Gallagher’s David Skinner as employee benefits MD
PIB Insurance Brokers has appointed David Skinner as managing director of its employee benefits team, Post can reveal.
Weald Insurance Brokers acquires insurance business of Steadman & Hozier
Kent-based Weald Insurance Brokers has acquired the insurance business of South Croydon-based Steadman & Hozier for a sum of around £5m.
Charles Taylor to target insurtech with specialist arm
Professional services firm Charles Taylor will target the insurance technology market with a dedicated business, Charles Taylor Insure Tech.
RMP and Ecclesiastical launch insurance product for college sector
RMP’s broker networks will distribute a new insurance and risk management offering for further education colleges.
Fraudsters convicted using ‘fundamental dishonesty’ defence
Three cases brought by Axa have seen fundamental dishonesty rulings from judges, something the insurer says shows the judiciary’s increasing appetite to make these findings.
Unwell staff attending work cost Hong Kong businesses HK$30bn in 2015, says Bupa
Research commissioned by healthcare insurer Bupa suggest unwell staff in Hong Kong are best not attending work.
Volvo CEO calls for more government help as it outlines autonomous driving trial in London
The Association of British Insurers’ has hailed Volvo’s autonomous driving trial in London next year as “really exciting” and potentially “transformational,” while the motor manufacturer itself has called for more government help to speed up adoption.
Video: Expertise from A-Z with Sarah Mallaby
As regulation of claims management companies is relinquished by Government and handed to the Financial Conduct Authority, what lies ahead for insurance companies?
Almost 60% believe personal injury reforms unfair
Proposed changes to compensation from accidents were considered unfair by 57% of adults according to a survey commissioned by Access 2 Justice.
Ex-Moneysupermarket CPO joins Brightside in non-exec role
Graham Donoghue, executive director and chief product officer at Moneysupermarket, has joined Brightside Group as non-executive director.
Google teams up with Uber and Ford to challenge autonomous car laws
Technology giant Google is partnering with taxi-hailing app maker Uber and US carmaker Ford to lobby the US government over driverless car regulations.
Faking injuries for insurance deemed as unacceptable as driving drunk
Lying about injuries to make a claim is unacceptable to 87% of people, second only to driving over the limit, according to a survey of 2000 people by Aviva.
Fix Auto seals sixth central contract with Axa deal
Fix Auto UK has signed a new national agreement to provide motor repair services to Axa Insurance.
GRP backs MBO for Lonmar
Investment vehicle Global Risk Partners has agreed to back the management buyout of specialist Lloyd’s broker Lonmar Global Risks.
Road Haulage Association launches insurance for members with Aviva, Griffiths & Armour
The Road Haulage Association has launched FR8, an insurance service for its member organisations.
Insurtech firm Trov raises £17.5m as it gears up to launch in the UK and Australia
Technology giant Guidewire and Australian insurer Suncorp are among the parties involved in the latest fund-raising from US insurance disruptor Trov, as it gears up to launch its on-demand cover for single items in the UK with Axa.
Insurtech investment rises threefold to £1.57bn
Investments in insurance technology businesses more than tripled last year, according to research by Accenture.
JLT expects £34m in ‘total exceptional costs’ for 2016
Global (re)insurance broker Jardine Lloyd Thompson anticipates £34m in “total exceptional costs” for 2016, but remains on target to achieve its objectives for the coming year.
Insurers face a 46% increase in cost of compensation claims
Insurers will pay 46% more in compensation to consumers this year, as part of the Financial Services Compensation Scheme.
JLT appoints Bruce Carnegie-Brown to board
JLT has appointed former Aon UK chair and Marsh UK and EMEA CEO Bruce Carnegie-Brown to its board as a non-executive director.