News
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Admiral CEO’s charity sells shares worth £4.02m
Admiral CEO David Stevens’ own charity, the Waterloo Foundation, has sold 225,000 shares in the insurer worth £4.02m.
Claims boss John Latter to leave Zurich for Chubb
John Latter, director of technical claims at Zurich, has resigned and will join Chubb.
Aviva's general insurance COR soars to 106.3%
Aviva has reported a significant increase in its UK general insurance combined operating ratio to 106.3% in 2016.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.
Charles Taylor eyes potential $6.1 trillion insurance market after solid 2016
London-headquartered global insurance services firm Charles Taylor is confident of global expansion after posting solid 2016 results.
Swiss Re Corporate Solutions opens Kuala Lumpur office
Swiss Re's commercial insurance arm has opened an office in Kuala Lumpur.
With the deadline less than a week away start your British Insurance Awards entry today
The countdown has well and truly began to get entries in for the 2017 British Insurance Awards with the deadline now less than a week away.
ABI blasts government over 'extraordinary' discount rate costs to NHS
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
AIG to establish post-Brexit EU hub in Luxembourg
AIG will move its Europe operations from the UK to Luxembourg ahead of Brexit.
Telematics broker becomes member of the IFB
Telematics broker, Carrot Insurance has become a member of the Insurance Fraud Bureau in a move that will see both parties sharing data with one another.
Insurers must fight fraud in the courtroom: Justice Kearns
Insurers must fight back against exaggerated and fraudulent personal injury claims in court, the chairman of Ireland’s Personal Injury Commission has said.
Admiral to raise motor premiums by 10% following Ogden
Admiral will increase premiums by a further 10% in coming months following a double whammy of the Ogden rate cut and the hike in the Insurance Premium Tax.
Sutton and Humphreys part ways with Integro UK
John Sutton and Toby Humphreys will leave Integro Insurance Brokers after guiding the UK operation for over 11 years.
Irish PI compensation changes a 'major step forward for the market'
Guideline changes to personal injury lawsuit compensation in the Republic of Ireland is a “major step forward for the market,” one of the country’s top lawyers has said.
Choice Insurance partners with Salvation Army GI
Choice Insurance Agency has partnered with Salvation Army General Insurance to enable Choice to provide Sagic policies to the broker market.
Admiral's profit falls 25% as CEO blames 'eccentric' Ogden decision
Cardiff-headquartered personal lines insurer Admiral saw pre-tax profit fall 25% last year after the shock decision by the UK government to reduce the personal injury discount rate to minus 0.75%.
Suncorp hit by 11,000 Sydney hailstorm claims
The 18 February Sydney hailstorm will cost Brisbane-based financial services group Suncorp between A$150m (£93.4m) and A$170m.
New South Wales signs legislation to replace insurance emergency levy
The state of New South Wales has signed legislation this week to end the insurance tax to fund emergency services.
'Unknown impact' of discount rate cut to hit later in the year
Direct Line expects the "unknown impact" of the government's decision to cut the Ogden Discount rate to be felt later in the year when reinsurance costs are renegotiated.
Direct Line to insure Tesla drivers
Direct Line will now insure Tesla drivers as part of a developed partnership between the two companies.
AIG names Gallo CIO as Fasano steps down
AIG has appointed Martha Gallo as chief information officer replacing Philip Fasano, who has left the company to pursue other opportunities.
Biba confirms active role in IDD consultation
The British Insurance Brokers’ Association said it will play an active role in the consultation over the UK implementation of the insurance distribution directive.