News
Ifed boss DCI Wood makes way for new insurance fraud supremo
DCI Dave Wood has been replaced as the head of the Insurance Fraud Enforcement Department after almost three and a half years in the role.
Clark Thomson buys Willis’ Scottish commercial business and joins WCN
Clark Thomson Insurance Brokers has agreed a deal to acquire Willis’ commercial business in Scotland, while also joining the Willis Commercial Network.
Car renter trade body recruits Hill Dickinson for counter fraud drive
The British Vehicle Renting and Leasing Association has partnered with Hill Dickinson to tackle fraud in the self-drive hire sector.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Winter storm Juno brings near-record snows to Boston
A blizzard in the Northeast United States almost shattered records for snow in Boston, despite the impact in New York and New Jersey being less than anticipated.
£30m of luxury cars taken from rescued Hoegh Osaka
Luxury cars worth £30m have been rescued from stricken car transporter ship the Hoegh Osaka, which was stranded in The Solent for almost three weeks.
Finaccord finds large bancassurance gap in China
Market research group Finaccord finds 54 out of 108 banks researched in China do not offer bancassurance.
25% of Chinese payments overdue, says Euler Hermes
Payment days have increased in China as government clamps down on shadow banking and Chinese companies show more bargaining clout.
Zurich stands by ex-SSL directors despite £100k debt
An arm of Zurich's investment portfolio is estimated to be owed around £100,000 in rent arrears by defunct loss adjusting business SSL, according to an administrators’ report.
BBC re-appoints Cega as emergency assistance provider
The BBC has re-appointed Cega Group to provide travel risk management and emergency assistance to its staff on a worldwide basis.
Insurers support mooted stress working party amid fears of claims surge
The creation of a working party to co-ordinate and develop management of workplace stress has been backed by insurers, following warnings the industry is in danger of “sleep-walking into an increasing flood of claims”.
Claims handler to use 3D printers to replicate 'irreplaceable' jewellery
High net worth policyholders could be offered identical replacements for valuable lost and stolen jewellery thanks to a new collaboration between claims handler SBS Insurance and jewellery experts at Birmingham City University.
Fundamental dishonesty clause criticised for 'unfairly targeting claimants'
Claimant legal bodies have slammed the non-amendment of the the Criminal Justice and Courts Bill clause
Timetable revealed for Scottish Court Reform
The Lord President, the head of the judiciary in Scotland, has announced the timetable for the implementation of the Courts Reform (Scotland) Act.
Gallagher teams with Limbcare for bespoke property covers
Arthur J Gallagher has teamed up with specialist amputee and limb-impaired charity Limbcare to launch a new range of bespoke buildings and contents covers.
Lexham enters car market with telematics offering
Moped and scooter broker Lexham is to expand into the car insurance market as part of a partnership with telematics firm Tracker.
Ace launches local cyber units throughout continental Europe
Ace Group today unveiled a new, independent cyber risk business unit designed to provide local specialist expertise across continental Europe.
Home insurance premiums sliding from stability says ABI
The latest figures from the Association of British Insurers’ premium tracker show that premiums for home insurance have begun to decline after previously showing signs of stability.
IUA airs experience fears over PRA's new insurance lead
The International Underwriting Association has revealed concerns over a lack of insurance experience at the Bank of England after Sam Woods was named executive director of insurance supervision.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
China's Fosun in talks with Israel's Dalek over Phoenix
Chinese investment group Fosun is looking at buying around half of one of Israel's leading insurance groups - Phoenix.
Singapore establishes cyber security agency
The Singapore government is introducing an agency for national cyber security on 1 April.
Safe driving app well received in Australia
Several thousand customers have already downloaded a safe driving app in Australia recording 20,000km of data.
JLT's Cooper joins Lockton for Australia property role
Lockton has appointed Stephen Cooper as head of its real estate and construction team.