News
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.
Faster claims payments a 'significant milestone' for TOM
The London market has reached a "significant milestone" in its modernisation programme by improving services and infrastructure for the market back office.
Aviva, AIG, XL Catlin and Zurich discuss importance of brand within insurer marketing strategies
Insurers are becoming more sophisticated in their quest to deliver ‘brand value' given the growing number of marketing channels available to deliver their messages.
Ingenin looks to establish insurtech hub in Nottingham
Insurtech consultancy, Ingenin, is aiming to set up an insurtech hub in Nottingham and bring major insurers into the development of its platforms.
Sompo Canopius boosts heavy industry through Lloyd’s consortium
Sompo Canopius’s heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s.
Coalition of insurance groups urges government to scrap planned IPT rise
A coalition of trade bodies and charity groups has urged the government to scrap any planned rise to the insurance premium tax ahead of tomorrow’s budget.
Direct Line profit falls 30% in wake of Ogden rate cut
Direct Line has seen full year pre-tax profits fall by 30% owing to a hit from the discount rate reduction.
Hong Kong government advisory report laments reinsurance failings
A Hong Kong government advisory group is recommending changes in captive, marine and reinsurance regulations to help turnaround the SAR's Asia hub status.