News
Unicorn launches Axa-backed property products
THB-owned underwriting agency Unicorn has launched two new UK property product in partnership with Axa.
Questgates unveils surveying division
Loss adjuster Questgates has today revealed a new surveying services division, bringing together operations in subsidence, third party property damage and valuation services.
Quindell forecasts 193% spike in pre-tax profits
Quindell has forecast pre-tax profits for H1 to almost triple on a year-on-year basis, ahead of a formal statement on results next month.
Supreme Court blocks Allianz RSA subrogation appeal
The UK Supreme Court has rejected a bid from Allianz to continue its legal battles with RSA over the cost of repairing vehicles.
Rental car manager fined for selling customer data to CMC
A former Enterprise Rent-A-Car branch manager has been prosecuted by the Information Commissioner's Office after stealing the records of nearly 2000 customers before selling them to a claims management company.
Coleman to head up Zurich commercial broker on interim basis
Zurich’s commercial broker business will be led by the insurer’s SME director Richard Coleman on an interim basis following the temporary promotion of David Smith to the role of UK general insurance chief executive.
FSCS to protect 'most' of Balva's individual and SME policyholders
The Financial Services Compensation Scheme has said it will step in to help policyholders of Latvian insurer Balva.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Money Supermarket predicts £122m H1 revenue
Aggegator Money Supermarket is predicting half year revenues to jump 9% ahead of the same period last year to £122m.
Aspen urges shareholders to reject ‘inadequate' Endurance proposals
Bermuda-based insurer Aspen is urging shareholders to reject continuing takeover advances from Endurance Specialty Holdings as it released preliminary Q2 results.
Footman James boss named Broker Network CEO
Towergate has appointed Footman James managing director Andy Fairchild as chief executive of Broker Network.
Trade bodies agree to further Flood Re exclusions talks
The Association of British Insurers and the British Insurance Brokers' Association have agreed to ongoing discussions around customers excluded from Flood Re.
Aggregators call for tougher measures on automatic renewals
Aggregators have welcomed the Association of British Insurers' proposals to improve clarity around policy renewals, announced today, but say the measures should be taken further to address insurers automatically renewing policies.
20th British Insurance Awards - your photos
Last night's 20th British Insurance Awards gathered the cream of the crop to celebrate the industry's successes
Smith talks up customer focus after winning BIA achievement award
The British Insurance Awards 2014 achievement award winner Barry Smith has underlined how good practice in supporting policyholders can improve customer confidence in the sector.
Ageas's Barry Smith wins BIA achievement award as 20th anniversary winners revealed
Post Magazine celebrated the 20th anniversary of the British Insurance Awards last night in a ceremony at the Royal Albert Hall, attended by 2000 members of the insurance industry.
Willis deputy CEO Hearn handed UK leadership
Willis UK chief executive David Martin has been handed a newly created role as the broker’s global leader of placement, with deputy group CEO Steve Hearn replacing him in leading the UK business.
Hiscox predicts £1bn capacity for Syndicate 33
Hiscox is expecting £1bn capacity for Syndicate 33 in 2015, according to its initial business forecast.
Watchdog welcomes ABI's proposals on renewals
The Financial Conduct Authority has called for businesses to improve the way they offer motor and home insurance policy renewals while it considers proposals from the Association of British Insurers to boost clarity in that area.
Guy Carpenter appoints de Haas to lead Benelux region
Guy Carpenter has appointed Roelant de Haas as Benelux region chief executive, effective 1 September.
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
Brokers and insurers hit with 3.2% FCA levy hikes
Both general insurers and brokers will have their fees to the Financial Conduct Authority hiked for the next financial year.
Elite points to profits of £7m and £115m GWP in past year
Elite Insurance has unofficially calculated profits before interest and tax of £7m and gross written premium upwards of £115m for the 12 months to 31 March 2014.
Co-founder Carslake leaves Towergate-owned Arista
Arista founder Lyn Carslake has left his role as deputy chief executive at the managing general agent.