News
Rates down 2.8% in Q3 as buyers increasingly access global capacity
Global insurance rates fell by 2.8% in the third quarter of 2014, compared with the same period in the previous year, according to Marsh's global insurance index.
AIG re-hires CNA regions boss Somers to help boost non-London GWP
AIG is pushing ahead with plans to bolster its regional presence across the UK with the appointment of CNA Insurance’s head of UK regions Phil Somers.
Insurance Europe unveils new committee chairs
Insurance Europe has revealed the new leadership of its committees, handing a leading role to Lloyd’s head of government policy and affairs Alastair Evans.
Digital Insurance and Technology Awards 2014: Winners Revealed
Post’s Digital Insurance and Technology Awards took place last night at the Royal Garden Hotel in London. The event recognised the increasing role that technology plays in enabling those in the insurance industry to streamline their processes, innovate,…
Blackpool and Crewe among areas with highest drink-driving convictions on motor policies
Llandrindod Wells and Blackpool have been named as the top two postal areas for drivers with drink or drug-driving convictions on their car insurance policies, according to research from aggregator Money Supermarket.
Customer loyalty obtainable for UK insurers if 'fair value' is provided
Insurers have been advised to focus on building long-term relationships in order to retain policyholders after a survey by Consumer Intelligence showed customers do not want to shop around annually.
Austbrokers becomes largest broker network in New Zealand
Austbrokers has bought broker network BrokerWeb Management in New Zealand.
Thousands of claims after huge hailstorm hits Brisbane
Insurers have received over 8,000 claims after a huge hailstorm yesterday in Australia's third largest city.
Quindell denies CMC contract loss reports
Quindell has denied reports that it has lost a contract worth 1000 personal injury claims a month, or that staff will not be paid before 2015.
Allianz tweaking commercial branch network for 2015
Allianz has created a new region for its UK commercial branch network, bringing together two existing locations in Central and East England
Gallagher branded ‘cynical’ and ‘opportunistic’ over Towergate axe
Arthur J Gallagher has been accused of being “cynical” and “opportunistic” in its move to limit business being placed with Towergate Underwriting, citing concern over the health of the business.
Brokerbility expands Scottish footprint as Spence Insurance joins
Spence Insurance Services has become the latest Scottish firm to join independent broker network Brokerbility.
Hastings sees year-to-date profit jump 31%
Hastings has reported a 31% boost in adjusted group profit before tax to £51.8m for the nine months ended 30 September 2014.
Ecclesiastical recruits Towergate Lancaster boss to helm Northern operations
Ecclesiastical has named Towergate Lancaster and Alker Insurance managing director Francis Carroll as its new regional director for the North.
Axa Assistance launches total loss product
Axa Assistance has launched total loss protection insurance for insurers and brokers to address delays and financial losses associated with motor write-off claims.
Increased M&A activity predicted among MGAs
Merger and acquisition activity in the managing general agent sector is set to take-off with 40% of UK MGAs either currently involved in mergers and acquisitions or planning to pursue such opportunities during the next three years, according to a survey…
Thistle raids Towergate for string of hires
Thistle Insurance Services has recruited Towergate Direct interim CEO Amanda Walton as its retail managing director alongside a string of management changes at the business.
Axa launches 14 guides to boost claims transparency
Axa Commercial Lines and Personal Intermediary has launched its claims transparency initiative, called Making Claims Clear.
Towers Watson makes two senior appointments in Asia
Towers Watson has made two senior insurance management appointments in Asia.
RSA appoints Cucchiani as NED
RSA has appointed Enrico Cucchiani as a non-executive director joining the risk and remuneration committees.
Insurance execs should be 'grateful' to avoid PRA's banking approach
Insurance executives should be grateful the proposed introduction of a senior insurance managers regime by the Prudential Regulation Authority is not as stringent as the rules facing bankers, according to one legal expert.
Nine arrested in £450k Ifed household claims investigation
The Insurance Fraud Enforcement Department has swooped to arrest nine men and women across England as part of an investigation into £450,000 worth of household insurance claims.
DWF returns to Greenwoods to swoop for large loss PI team
Law firm DWF has recruited a specialist catastrophic and large loss personal injury team from Greenwoods to bolster its 1000-strong national insurance practice.