News
Prime Ministerial trips to India see UK edging closer to trade agreements
Recent trips to India have seen London take a step closer to trade agreements, with Lloyd’s ready to set up an Indian branch in 2017 and Sheffield tech firm joining the Prime Minister on her first trade trip.
Lloyd's to open Indian reinsurance branch in 2017
India's Insurance Regulatory and Development Authority has approved Lloyd's application for a reinsurance service in India.
Pre-med settlements are routinely undercutting claimants
Accident victims are routinely offered settlements by insurance companies that are several hundred pounds lower than the amount they are awarded if the case goes to court.
Dual CEO Bains will be replaced by regional board of executives
Talbir Bains, the CEO and chief underwriting officer of Dual, will be replaced in his role by a regional board of senior executives.
Insurance Fraud Summit 2016: Time for brokers and insurers to collaborate
More needs to be done to enhance the collaboration between brokers and insurers when addressing policy holder fraud, as brokers currently feel alienated from discussions.
Aviva appoints Patrick Tiernan as CFO
Aviva has appointed Patrick Tiernan as CFO of Aviva UK General Insurance.
LMG adds three new lines to PPL
Three new lines of business will launch on the London Market electronic placing platform PPL on Monday.
Lloyds outsources claims management to Innovation Group
Lloyds Banking Group has outsourced its subsidence claims to Innovation Group, Post understands.
London market costs 'unsustainable' says Argo CEO
The cost of doing business in the London Market is unsustainable, says Argo Group CEO Mark Watson.
Go Compare celebrates tenth birthday
Go Compare has saved customers over £1bn over its 10 year history, the company said.
Axa sees steady growth continue in Q3 2016
Axa saw group total revenue grow by 1.3% in the UK and Ireland for the third quarter of 2016, up to £3.24bn from £3.2bn from the same period last year.
Brunel Professional Risks acquires PI broker Pinsure
Brunel Professional Risks has acquired Sussex-based professional indemnity broker Pinsure.
Gallagher boosts speciality lines with new appointments
Arthur J Gallagher has appointed Rupert Boyle and Nick Ollerenshaw as executive directors.
Insurance Fraud Summit 2016: Fraud officers will be the first to use Blockchain technology
Fraud officers are likely to be the first within the insurance industry to use Blockchain technology as this is the part of the insurance chain that is most used to collaboration.
Quarter of LGBT community think insurers do not care about them
Almost a quarter of the LGBT community believe that insurers do not care about them.
Insurance Fraud Summit 2016: Insurers must employ data analysts to tackle fraud
As well as embracing technology insurers of the future must employ data analysts to deal with the data it produces or fraud will continue according to RSA’s head of fraud.
Insurance Fraud Summit 2016: Insurers should use Action Fraud as a way of addressing fraudulent claims
Insurers can use fraud reporting platform Action Fraud in order to detect and measure fraudulent activity and eradicate it from the system.
RSA will cut costs by £250m by end of 2016
RSA will complete £250m worth of savings in the business by the end of the year, the company’s CFO said.
Insurance Fraud Summit 2016: Insurers must refer cases to the SRA to tackle fraud ‘training camps’
Insurers have been urged to submit referrals of regulatory breaches by legal entities to the Solicitors Regulatory Authority to tackle the scourge of legal fraud and 'training camps'.
Lancashire pre-tax profits rise in Q3 results
Lancashire Holdings has reported a 30.4% increase in third quarter pre-tax profits, up to $42.9m (£34.4m) from $32.9m (£26.4m) for the same period last year.
RSA to create 200 new jobs in Peterborough office
RSA has revealed it will be creating 200 new jobs in its Peterborough office over the next year.
Esure shares fall after Go Compare demerger
Shares in UK insurer Esure fell 28% on opening on Thursday following completion of its demerger with price comparison website Go Compare.
Go Compare lists independently on stock market
Esure has completed the demerger of Go Compare from the group.
RSA on track to meet 2016 profit expectations
UK-headquartered insurer RSA saw overall net premiums rise 6% on an underlying basis in the first nine months of 2016 compared with the same period last year.