News
Insurers defend service levels in wake of broker criticism
Insurers have been quick to defend their service levels and approach to relationship-building after brokers surveyed by Post considered firms were left wanting in these areas.
Motorists voice safety concerns ahead of driverless car trials
One in three UK motorists are concerned that driverless cars could be dangerous, according to a survey carried out by Autoglass.
Motor premiums still falling says ABI
The Association of British Insurers has reported further decreases in the prices paid for motor policies, despite other trackers reporting hardening prices.
Axa motor claims boss heads to Coverbox after just four months
Axa direct and partnership’s head of motor claims has been recruited by telematics insurer Drivestyle Insurer to serve as its new operations director.
Shepherd takes on ABI general insurance manager role
Former Association of British Insurers property policy adviser Mark Shepherd has been promoted to general insurance manager at the trade body.
AA criticises climate change report findings on 'insufficient' flood defences
AA Insurance has called a Committee on Climate Change report suggesting flood defence investment in UK urban areas is insufficient "disappointing".
UK GI firms facing skills shortages up 13%, CII survey finds
Nearly three quarters (73%) of general insurance businesses are facing skills shortages, a 13% increase from 2013, according to research from the Chartered Insurance Institute.
Gallagher records year-to-date acquisition costs of £25m
Arthur J Gallagher saw a 38% increase in adjusted revenues in its brokerage and risk management segments for the third quarter of 2014 while acquisitions in the year-to-date have cost the US broker $40.6m (£25m).
Lloyd's senior manager How joins Cunningham Lindsey
Cunningham Lindsey has recruited Lloyd’s senior manager Simon How as global specialty markets director.
Willis Group reports £4.3m net loss for Q3 as UK retail grows
Willis Group reported a net loss of $7m (£4.3m) in the third quarter of 2014 as Willis UK retail achieved modest growth for the global broker.
IIHK and CII enter merger talks
The Insurance Institute of Hong Kong and the Chartered Insurance Institute are in discussions to combine resources under a unified organisation in Hong Kong.
Crawford-backed energy adjuster LWI to launch in Singapore
Lloyd Warwick International will open an Asia-Pacific regional office on 1 November in Singapore with four recruits from rival Charles Taylor.
London market bosses’ wish for unified representation unlikely to be realised
Insiders doubtful over aims of CEOs and COOs that were revealed in IUA survey
Industry backs Jackson’s call for fixed costs to be extended beyond PI claims
Lord Justice Jackson repeats call for fixed costs on all fast-track cases
Mesothelioma claims to get tougher to defend following Supreme Court ruling
McDonald case ‘gives additional protection to people who work in factories’
Solicitors faced 'less difficulty' in 'benign' PI renewals season
Despite recent volatility in the solicitors’ professional indemnity market, most firms had less difficulty renewing their cover this year, according to a survey of managing partners.
Expanded mandatory motor insurance could mean increase in MIB levies
DfT, ABI, Biba and MIB to meet next month to discuss potential changes
Ifed arrests CMC staff on suspicions of fraudulent information gathering
Two claims management company employees have been arrested on suspicion of impersonating insurance policyholders to fraudulently obtain information from an insurer about road traffic collisions.
Markel looks to CNA for senior underwriting hire
Markel has appointed Pushpa Sriwignarajah as senior underwriter in its professional and financial risks division.
Webinar: Imagining a market beyond price comparison
Earlier this year the aggregator space has found itself in the crosshairs of the latest Financial Conduct Authority (FCA) thematic review.
Towergate appoints Tim Redburn for interim planning role
Towergate has appointed former Barbon chairman Tim Redburn as interim group planning director to help with ongoing changes at the consolidator in the wake of group CEO Mark Hodges' resignation this month.
London company market income from overseas offices increases 10%
Insurance business written overseas subject to oversight by London operations accounted for £6.8bn of premium in 2013, a 10% increase on 2012, according to an International Underwriting Association report.
Treasury pledges £97m for ‘world-leading’ Met Office supercomputer
Chief Secretary to the Treasury Danny Alexander has today revealed plans to spend £97m on a supercomputer to improve the UK’s ability to predict disruptive weather.
Ryan Specialty hires McKenna for UK expansion
Ryan Specialty Group has hired Peter McKenna to oversee the development of the company MGA strategy in the UK market.