News
Profits soar at Davies as CEO Saulter eyes growth
Loss adjuster Davies Group has reported a year-on-year jump in operating profits, cash flow and revenue in its latest annual results.
IUA calls for clarity on individual responsibilities
The International Underwriting Association has called on UK insurance regulators to clearly state the prime authority of company boards over individual responsibilities for complying with industry rules.
Principal Insurance plans to grow following £250k funding
Manchester-based specialist motorcycle broker Principal Insurance has secured a £250,000 loan to fund its growth plans.
RSA holds motor event at the House of Commons
MPs, transport officials, road safety and telematics specialists met in the House of Commons today (3 February) to discuss how government and businesses can work together to ensure emerging technologies benefits drivers.
Voluntary code mooted to tackle automatism loophole
Insurers should consider adopting a voluntary code to ensure injured policyholders are compensated even in situations where negligence cannot be established, according to the firm at the centre of an automatism loophole dispute.
Audio: Lyons on rival Towergate bids
Towergate interim CEO Alastair Lyons discusses the firm's various former suitors and why the debt-for-equity swap deal with senior creditors was its preferred bid.
Gallagher announces interim CFO for international business
Arthur J Gallagher has appointed Ian Story as interim chief financial officer for the company’s international business, subject to regulatory approval.
Quindell assures market over ongoing sales talks
Insurance outsourcer Quindell has confirmed that talks to sell its legal services arm to Australian law firm Slater & Gordon are ongoing.
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
Video: Chairman of UK Spill Stewart Ower
OHES Environmental founder and chairman of UK Spill Stewart Ower speaks with Post about raising the profile of UK Spill, the benefits of good spill response, and life as part of Arthur J Gallagher.
Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
Insurance industry failing to engage on social media as UK lags behind US
UK companies are being outperformed by their US counterparts in their use of social media for corporate communications, according to an Investis review, which ranked the insurance industry as one of the lowest performing sectors.
India's Insurance Bill could open door for Lloyd's
Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.
Pacific Prime hails Axa Singapore medical product
Axa's product for pre-existing conditions is a "major shift" in the market, according to the broker's Pacific Prime manager Singapore, Olivier Zeller.
Huge loss for Chinese tyre manufacturer in Thailand
According to Verapong Chaiperm, the Industrial Authority of Thailand governor, a fire on Sunday in Sriricha, Chonburi has caused $40m (£26.6m) in losses.
RSA moves Slingsby to new role
RSA has appointed Steve Slingsby as operations and change director for global specialty lines UK.
Swinton updates TV advertising campaign
Swinton Insurance is to launch a new advertising campaign as part of a three-year £75m business transformation programme.
BLM re-elects Brown as senior partner
Insurance law firm BLM has re-elected Mike Brown as its senior partner for a further three years.
Other offers undervalued Towergate, claims interim boss
Rival bids for Towergate were lodged but all undervalued the business, the company's interim CEO Alastair Lyons has said.
ABI index shows average motor premium is down by 4% in 2014
The average price paid by motorists for private comprehensive motor insurance during 2014 fell by 4% compared to 2013, according to figures published by the Association of British Insurers today.
ERS recruits Innovation Group to manage repair and engineering network
Motor Insurer ERS has inked a three year deal with Innovation Group that will see the claims specialist manage its repair and engineering network for cars, light and heavy commercial vehicles.
Ifed welcomes DCI Angie Rogers to anti-fraud hotseat
The Insurance Fraud Enforcement Department has confirmed the appointment of Detective Chief Inspector Angie Rogers as DCI Dave Wood’s successor as head of the City of London Police unit.
LV focusing on profitability
LV group CEO Mike Rogers has insisted the firm is focusing on “profitability rather than top line income” after the business recorded a reduction in annual general insurance gross written premium to £1.39bn last year from £1.45bn in 2013.
Towergate Financial facing £85m mis-selling bill
Towergate expects to pay up to £85m in redress costs for the mis-selling of two financial products to the end of 2012.