News
Axa halts 'significant' personal injury claims with fundamental dishonesty defence
Two fraudsters have withdrawn fake but financially significant personal injury claims after Axa used the fundamental dishonesty defence.
Lloyd's finds £3trn of GDP at risk from disasters around the world
A Lloyd's index has found a total of $4.6trn (£3trn) of projected gross domestic product is at risk from manmade and natural disasters in cities around the world.
Telematics firm Ingenie adds LV Broker to insurer panel
LV Broker is joining Ingenie’s panel of insurers providing underwriting capacity for the telematics car insurance brand aimed at younger drivers.
Biba appoints Yutree to provide ‘quirky’ liability scheme
The British Insurance Brokers’ Association has appointed Yutree Underwriting to provide a new liability insurance scheme that will allow brokers to place unconventional or quirky liability cases including public, products and employers' liability.
DAC Beachcroft approved for ABS licence
International law firm DAC Beachcroft has been awarded a licence by the Solicitors Regulation Authority to operate as an alternative business structure.
Ex-Gallagher execs to fork out £2m in settlement costs
The settlement between Arthur J Gallagher and former international division CEO David Ross and others will cost some of the broker's former executives £2m.
Consumers remain unconvinced by driverless cars as Google suffers latest setback
More than a third of motorists polled by U Switch believe the introduction of autonomous vehicles will drive up their car insurance premiums.
CFC launches global cyber risk portal
CFC has extended its cyber product suite with the launch of an online hub, which it claims enables brokers to deliver an end-to-end solution to their clients.
Post’s State of the Young Broker Nation Webinar
Post is delighted to host a webinar on attracting and retaining broking talent and invites you to watch at 11am on Wednesday 16th September 2015.
National Crime Agency targeted in revenge cyber attack
A group of hackers who were behind previous cyber attacks on Microsoft and Sony have claimed responsibility for downing the website of the UK’s National Crime Agency in an apparent revenge attack.
Hiscox report finds one in five small businesses are not insured
One in five small business owners and managers do not have any insurance, according to a survey carried out across six countries by Hiscox.
Hindson joins Argo as chief risk officer
Alex Hindson has been appointed chief risk officer at Argo.
Market Moves – 3 September 2015
All the latest recruitment news from the world of insurance.
Bluefin delivers £23m statutory loss in 2014 as Ebitda margin narrows
Bluefin Insurance Group’s statutory results for last year, including gross revenue and a goodwill amortisation charge of £16m, show a reported loss of £23m.
Former Hiscox COO Langley becomes Gallagher non-exec chair
Arthur J Gallagher International has hired Sue Langley as non-executive chairman of the Gallagher Holdings UK board.
Carlyle to acquire Innovation Group at 40p per share
A 40p per share price has been agreed for private equity firm Carlyle to acquire the Innovation Group.
Swiss insurer Helvetia increases profits and records dynamic growth
Helvetia has recorded a "very satisfying business performance" for the first half of 2015, which it claims reflects the successful acquisitions of Nationale Suisse and Basler Austria last year.
Apil president calls for collaboration on CMCs and young driver safety
The president of the Association of Personal Injury Lawyers wants to “ratchet down the rhetoric” and create greater collaboration between insurers and claimant solicitors by targeting mutual priorities.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
SMEs rate insurers among the top three most transparent institutions
A survey of SME directors carried out by Axa found that the least transparent institution that they have regular dealings with is their local council. The most transparent in order were accountants, lawyers, and insurers.
Insurers risk losing customers amid demand for smartphone interaction
General insurers are in danger of losing their customers to new entrants unless they step up their digital game, according to research carried out by Deloitte.
LMA poll highlights casualty underwriters' fears for reinsurance market
The majority of casualty treaty underwriters polled by the Lloyd’s Market Association believe the international reinsurance market is in danger of repeating historical mistakes by offering more relaxed terms and conditions.
Build up to Aviva and Friends Life merger probed by FCA, claims report
The Financial Conduct Authority is investigating the build up to Aviva’s merger with Friends Life and has asked investment bankers involved in the deal to hand over records.
Octo Telematics unveils smartphone app at British Motor GP
Octo Telematics has launched a smartphone app that allows motorists to track, score and improve their driving and riding behaviour, while also delivering drivers with a qualified risk profile to its insurance partners.