News
LMA warns of over-regulation of Lloyd's
The Lloyd’s Market Association has warned the proposed regulatory system for the UK is being created around the banks which will make it over-engineered, unsuitable and unjustifiably costly for the general insurance industry.
ABI approves IFR trial
The Association of British Insurers has given the green light for a six-month trial of the Insurance Fraud Register.
LFC growth continues with Essex aquisition
Essex-based commercial broker LFC Insurance Group has added to its personal lines portfolio through the acquisition of Chelmsford Insurance Centre.
Snowball eyes return to UK
Former Aviva board director Patrick Snowball has revealed his firm intention to return to the UK insurance market when his contract with Australian financial services firm Suncorp finishes in 2013.
Clear moves into healthcare
Brokerbility member Clear Insurance Management has launched a new healthcare arm that aims to provide private medical insurance and employee benefits products to small businesses through to large corporate clients.
Fraud Management Briefing news: RBSI's Clare urges more underwriting input in fraud arena
Insurers must focus on the entire length of the product cycle in order to combat fraud, a senior figure at Royal Bank of Scotland Insurance has warned.
Fraud Management Briefing news: Psychology is 'no silver bullet' strategy
The most advanced psychological techniques must be used as part of an overall fraud strategy to be most effective, Crawford's claims psychology director Nikki Grieve-Top claimed.
Career path & CSR news: Job demand sees slight increase
The number of new jobs on offer across the country rose by two points (2%) compared to last month, according to a new survey.
Top six insurers only ones safe from SII M&A wave
The incoming Solvency II regime could lead to increased merger activity among European mid-tier insurers, Allianz's Andreas Berger has claimed.
Adjusting 'for free' service unveiled
Claims management services provider LAS has outlined plans to shake up the way loss adjusters are remunerated, with the launch of a new arm that it boasts can provide an equivalent service for free in 95% of household cases.
Ex-CBG director makes comeback with Willis
Former CBG director Karen Mercer is set to re-enter the insurance market with a senior role at Willis, Post has learnt.
Lord Young blasted over H&S
Garwyn health and safety director Mike Williamson has revealed he is "uneasy" about a potential lack of objectivity in Lord Young's upcoming health and safety report.
MMA names new underwriting director
Former Esure underwriting and business development director Colin Batabyal has joined MMA, almost 11 months after departing his former employer.
Treasury rejects ABI call for IPT concession
The Treasury has rejected a plea by the Association of British Insurers for a concessionary period when the implementation of the new insurance premium tax rate rises come into effect next year.
Insurers face age ban if gender ruling is enforced
The British Insurance Brokers' Association has consulted its European counterpart Bipar on the best step forward after a European Court of Justice advisor said gender should not be a determining risk factor when setting insurance premiums.
Major brokers fail to sign Aldermanbury Declaration
Three of the UK's major brokers are conspicuous in their absence from a list of signatories to the Chartered Insurance Institute's Aldermanbury Declaration.
Helphire eyes new areas after restructure
Helphire is gearing up to enter a period of development, after completing a substantial restructuring of the business.
Fraud Management Briefing news: Ombudsman is criticised for condoning fraud
A financial ombudsman sparked debate when she questioned whether the insurance industry should always consider that a customer who exaggerates a claim has committed fraud.
RBSI unveils new senior claims team
Royal Bank of Scotland Insurance claims boss Steve Maddock this week unveiled his new senior team.
Career path & CSR news: Preparing for the abolition of the default retirement age
Earlier this summer, the government announced a consultation on the future of the default retirement age, proposing that it should be scrapped between April and October next year.
Insurers are failing to properly utilise Google
Insurers that choose to pay for search space on Google are not getting the most out of their money, according to consultancy firm Greenlight.
Fraud Management Briefing news: Insurers warned against broad approach to litigation
Insurers who litigate broadly instead of focusing on specific fraud cases are likely to lose business, Tradex has warned.
Solicitors' PI numbers stable
The number of law firms without solicitors' professional indemnity cover has remained stable due to competition among qualifying insurers, XL Insurance has claimed.
Career path & CSR news: Ecclesiastical academy wins development award
A training initiative run by insurer Ecclesiastical has won a development award from the Manchester Chartered Insurance Institute.