News
MoJ considers Medco overhaul two months after ruling out 'fundamental changes'
The Ministry of Justice has said it will consider reforming the Medco portal just two months after it told Post it was too early to consider "fundamental changes" to the medical reporting system.
33% of Britons receive more claims calls than from friends and family
The average UK household faces a “deluge” of 468 cold calls a year, according to research by LV, which has highlighted the role of claims management companies in the rise of nuisance correspondence.
Insurance quiz of the week - 17 July 2015
Budget boffin or disaster dunce?
Firms relying on extended payment terms, Euler Hermes finds
UK companies are relying on extended payment terms to finance growth and investment to fuel the economic recovery, according to new research from credit insurer Euler Hermes.
Older consumers want mobile purchasing option reveals survey
Insurers targeting digital propositions at millennials could be missing a large untapped market of tech-savvy older consumers, according to a new report.
Brian Shea appointed head of Europe at WCMA
Willis Group Holdings has hired Brian Shea as head of Europe for Willis Capital Markets & Advisory, the firm's insurance investment banking division.
Insurance Institute of Hong Kong agrees merger with CII
Professional body the Insurance Institute of Hong Kong has voted to merge with the Chartered Insurance Institute.
Footballer's fundamentally dishonest whiplash case tossed out
A semi-professional footballer's claim for whiplash has been thrown out of court for being fundamentally dishonest.
Cobalt boss heralds London as Islamic insurance hub after portfolio win
Shariah compliant underwriting agency Cobalt Underwriting has secured a major property portfolio placed by Lockton’s real estate and construction practice.
Alistair Marriott joins Marketform's marine team
Specialist Lloyd's underwriter Marketform has hired Alistair Marriott as deputy head of marine and class underwriter cargo.
HCML vows to ensure long-term care for Alton Towers crash victims
Rehabilitation provider HCML is preparing to work alongside the NHS to ensure those injured in the Alton Towers rollercoaster crash last month can return home to a “supported environment”.
Iran nuclear deal paves way for sanctions removal for insurers
A tentative nuclear deal between Iran and six global powers could see the embargo against insuring and reinsuring entities from the pariah state lifted.
Deutsche Telekom head warns insurers over connected home complacency
Insurers have been warned to start exploring the potential of connected homes - or find themselves potentially usurped in the household market by disruptive players.
Willis to acquire PMI Health
Willis has agreed a deal to acquire PMI Health Group, an independent healthcare advisor and broker.
'Misleading' Direct Line advert banned
The Advertising Standards Authority has banned a Direct Line radio advert for landlord insurance featuring Harvey Keitel as Winston Wolf.
Ageas plots Hong Kong sale
Ageas is planning to sell its operations in Hong Kong in a deal valued at more than $1bn (£639m) according to reports.
Higos looks to expand after Clydesdale Bank refinancing
Higos Insurance Services has secured a refinancing package from Clydesdale Bank which it will use to expand the business through acquisitions.
IUA announces newly elected market committee chairs
The International Underwriting Association has announced three newly elected chairs to lead its market committees including the appointment of Inter Hanover's Paul Rich as chair of the delegated authority underwriting group.
Insurance revenue up at Moneysupermarket
Price comparison site Moneysupermarket has reported a 20% increase in insurance revenue for the six months ending 30 June.
Sharon Becket named deputy CEO at The A&A Group
The A&A Group, a provider of home and motor insurance, has appointed Sharon Beckett as deputy CEO and made several other senior appointments.
UK insurers vote cyber as most concerning risk
Cyber risk has topped a list of 25 concerns facing UK insurers, PWC research has revealed.
SRA revives plan for compulsory PI reform
The Solicitors Regulation Authority has launched a consultation paper reviving its long held ambition to overhaul the compulsory solicitor’s professional indemnity insurance framework.
Apil blasts Confused survey over whiplash claims
The Association of Personal Injury Lawyers has rubbished claims that an increase in whiplash claims has led to higher motor policy prices.
Lloyd's Columbia office paves way for syndicates to provide onshore reinsurance
Lloyd’s has received approval from the Colombian authorities to open a representative office in Bogotá, Columbia.