News
FCA reputation diminished after damning Davis report
The Financial Conduct Authority has been left "diminished" by a damning report into its handling of publicity around a life insurance thematic review, according to certain market observers.
Beaumonts deal over a year in the making, claims Jelf CEO
Jelf and Yorkshire-based Beaumonts Insurance Group were in discussions for more than a year before the terms of the takeover were agreed, group CEO Alex Alway has revealed.
UK insurers undeterred on sharing society progress despite international Uber concerns
The banning of Uber in several territories will not deter the UK insurance industry's engagement with sharing economy companies, according to commentators, with telematics providers tipped to help small car-sharing organisations obtain cover.
Future sustainability of Pool Re to be achieved by modernisation in 2015
The Pool Re board is aiming to complete its modernisation of the 22-year-old terrorism facility by the end of next year.
Cyber risk underwriting a pressing issue for insurers in 2015, states EY
The growing threat of complex cyber crime will present businesses with significant challenges throughout the course of next year, according to analysis undertaken by EY.
Direct Line brand awareness dominance not translated in policy sales
Direct Line is failing to transform dominant brand awareness among consumers into policy sales, according to the latest Global Reviews UK motor insurance providers digital marketing effectiveness study.
Jelf builds northern presence with Beaumonts acquisition
Jelf has widened its footprint in the north of England with the acquisition of Yorkshire-based broker Beaumonts Insurance Group.
Anbang agrees deal to buy Delta Lloyd Bank Belgium
Chinese financial services company Anbang Insurance has reached an agreement to buy Delta Lloyd Bank Belgium from Dutch financial group Delta Lloyd for €219m.
JLT confirms Steve Abbott's retirement
Nick Cousins, managing director JLT Hong Kong, has praised his deputy Steve Abbott as he retires from the broker after 45 years in insurance at the end of the year.
China to open three more free trade zones
China is seeking to replicate the Shanghai free trade zone in the provinces of Fujian and Guangdong and the port city of Tianjin.
One in 10 car deaths linked to alcohol, says WHO
Following a study, the World Health Organisation has said one in every 10 car deaths is linked to alcohol.
Ryan Direct Group joins AA panel
Broker AA Insurance Services has signed a home affinity deal with Ryan Direct Group that will see the Doncaster-based firm join the AA’s panel with immediate effect.
JLT named broker for Swansea Tidal Lagoon
JLT has been named as the broker for the Tidal Lagoon Swansea Bay, the world’s first man-made energy generating lagoon.
Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
Moody's downgrades Towergate's corporate family rating
Ratings agency Moody's has downgraded the corporate family rating and probability of default rating on Towergate Holdings II by two notches to Caa3/Caa3-PD.
ABI holding off Flood Re contracts as government talks continue
The Association of British Insurers is holding off contracting with a managing agent and a reinsurance broker for the Flood Re scheme due to ongoing discussions with government around the initiative's secondary legislation.
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.
Quindell's Currie seeks stock market sponsor
Quindell is reportedly on the hunt for a new stock market sponsor after the exit of an analyst at its nominated adviser Cenkos Securities last month.
Questgates to introduce minimum standard for motor investigators
Loss adjuster Questgates has unveiled plans to introduce a minimum professional standard for those operating within its motor investigation team by the first quarter of next year.
Barbican bolsters cyber underwriting team
Barbican Insurance Group has appointed Ace USA’s Matthew Waller as cyber, technology and media underwriter.
Equistone sells A-Plan stake to Hg Capital
Private equity firm Equistone has agreed a deal to sell its majority stake in UK broker A-Plan to investment firm Hg Capital.
Computer glitch causes chaos for UK flights
A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain's biggest airports on Friday, officials told Reuters, as services returned to normal on Saturday.
Steve Abbott to leave JLT in Hong Kong
Post understands Steve Abbott, Jardine Lloyd Thompson's deputy managing director in Hong Kong, is to leave the broker at the end of the year.
Suspected terrorist attack in heart of Sydney
Hostages held by an Islamic extremist with a shotgun and possible accomplices in siege at coffee shop in Sydney's central business district.