News
L&G relocating to Birmingham and Hove after Ipswich closure
Legal & General has confirmed it will close its Ipswich office following the decision to create a single claims operation based in Birmingham and move all Ipswich customer service operations to Hove.
Catlin replaces RSA as Touchstone capacity provider
Seventeen Group subsidiary Touchstone Underwriting is replacing RSA with Catlin on its list of capacity providers.
Ageas appoints Taylor as commercial underwriting head
Ageas has appointed Cathy Taylor as commercial underwriting and operations head.
More Than offers 16% premium cut for drivers with braking devices
More Than is to cut motor premiums by 16% for drivers that have autonomous emergency braking devices fitted as standard in their car.
Altitude hires former broker for underwriting role
Aviation and space underwriter Altitude Risk Partners has appointed former broker Charles Hollingworth as underwriter.
Allianz partners with Nationwide and Fix Auto for repair services
Allianz has partnered with Nationwide Crash Repair Centres and Fix Auto UK to provide vehicle accident repair services for the insurer across the UK.
IUMI readies for Hong Kong conference
The International Union of Marine Insurance has released details of the agenda for its September annual conference in Hong Kong.
23 Chinese insurers fined for fixing motor insurance prices
23 general insurers in Zhejiang province, China, have been fined 110m yuan (£10.9m) for colluding to fix prices.
Napa earthquake insured losses limited to £152m, says RMS
Insurance claims from the earthquake in Napa Valley near San Francisco on 24 August will cost no more than $250 (£152m) according to catastrophe risk management firm RMS.
Broking giants tipped for M&A moves as sector looks to follow Gallagher’s lead
Observers say economic recovery is behind several firms adopting new strategies
Industry warns over negative impact of independent Scotland
EU membership and regulation among major concerns
Lloyd’s set to benefit from increased investment as eastern markets mature
Analysts say eastern interest is ‘clearly a trend’ after completion of several deals
County Insurance buys Clement Gallagher & Co
County Insurance has purchased the goodwill of Merseyside-based broker Clement Gallagher & Co.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
APC plotting underwriting return for Towergate owned-Folgate
Commercial managing general agent APC has acquired Folgate Insurance from Towergate, where the firm was in run-off, with an eye to returning the firm to active underwriting.
Cost of insurance sees cut backs on cover, finds research
More than a quarter of people have cut back on their insurance cover in the past 12 months because they could not afford it, according to research from Close Brothers Premium Finance.
Quindell shares boosted by RAC JV exit
Quindell’s share price has responded positively to news that RAC has exited a joint-venture on telematics.
BLM announces flagship London office plans
Insurance law firm BLM has unveiled plans to relocate staff in its London operation to a single EC3 office in Q1 next year.
UK casualty claims boss Donna Willis exits QBE
QBE Europe’s head of UK casualty claims Donna Willis has left the insurer after three and a half years in the role.
Keelan Westall MD Tonge resigns
Keelan Westall managing director Wayne Tonge has resigned from his post, Arthur J Gallagher has confirmed.
Ombudsman sees non-PPI complaints rise 3% in H1
The Financial Ombudsman Service has reported a 3% increase in complaints about financial products other than PPI from the second half of 2013, including a 1% increase in insurance cases.
Quindell buys out RAC in telematics JV
Quindell is to acquire all of RAC's shares in the companies' telematics joint venture after the businesses concluded it was not a good use of capital to finance a free roll-out to customers.
Research centre warns on Australia summer bushfire risk
The Natural Hazards Cooperative Research Centre in Australia is warning of a greater than normal chance of bushfires across much of Australia for summer 2014-15.
Suspected Japanese crime groups to be offered motor cover
General insurers in Japan will be allowed to sell motor cover to suspected crime syndicates from next month according to a report from the Japan Times.