News
EU motor recalls hit highest point in years, continue to rise
Motor vehicle recalls across the EU have continued to rise, reaching their highest point since at least Q1 2013.
Swiss Re Corporate Solutions launches cyber cover offering
Swiss Re Corporate Solutions has expanded its cyber offering with the launch of market-specific primary insurance product CyberSolutions Germany.
SSP breaks promise to resume service today
SSP has told brokers that its Pure Broking platform will not resume normal service today, despite assurances it would.
Less than a third of millennials deem insurance necessary, research finds
Less than a third of millennials deem insurance as 'necessary', with 34% saying that it is 'overpriced' and just 12% believing insurance is 'good value'.
ABI and Access to Justice go to war over motor premium rises
Access to Justice has called out the Association of British Insurers over its defence of motor premium rises in the face of falling whiplash claims.
Tardy leaves Paris for Axa Asia marketing and digital role
Global insurer Axa has appointed Frederic Tardy as its Asia chief marketing, digital, data and customer officer.
Swiss Re Corporate Solutions gains Hong Kong license
Swiss Re's general insurance arm Swiss Re Corporate Solutions has been authorised to place general insurance business in or from Hong Kong.
Fosun's insurance profits fall as revenues more than double in first half
Chinese conglomerate Fosun's insurance division saw mixed fortunes in the first half of 2016.
Hundreds of motorists ‘potentially uninsured’ as a result of SSP outage
Hundreds of motorists are potentially driving without insurance as a result of the glitch that has hit the SSP Pure Broking platform since last Friday.
Allianz says plans to replace to replace QBE-bound Broughton "well developed"
Andrew Broughton has left Allianz where he was director of commercial broker markets and will join QBE as executive general manager of corporate partners and direct.
Stanmore breaks £2m mark on nursery scheme
Stanmore Insurance Brokers have broken the £2million mark in premiums for their specialist nursery insurance scheme dot2dot.
Top lawyer becomes latest to step down from Gable board
A man described as “one of the finest insurance lawyers in the country” has resigned from the board of Gable Holdings, just a year after being appointed.
CII appoints senior executives to Insuring Women's Future committee
Senior executives from the insurance industry have joined the Insuring Women's Future programme's committee to focus on women's insurance risks.
Brokers still in the dark as SSP outage now a ‘major incident’
The power outage that left brokers unable to access services on SSP’s Pure Broking platform since the weekend is now being described as a “major incident” by the company.
Colmore Insurance Brokers expand presence with acquisition of Webb Holton
Independent broker Colmore Insurance Brokers has increased its presence with the acquisition of Webb Holton Insurance Brokers.
Home insurance premium rises remain low despite flood costs
Increased competition is limiting annual home insurance price rises to just 1.6%, research has revealed.
Hiscox completes sale of Hong Kong Direct Asia operation
Hiscox-owned Direct Asia has completed the sale of its Hong Kong operation to Hong Kong-based financial services group Well Link.
Bluefin posts £17m loss for last year
Bluefin has reported a post-tax and amortisation loss of £17m in its 2015 financial results.
Peak Re completes 50% acquisition of Caribbean insurer
Hong Kong-based reinsurer Peak Re has completed the 50% acquisition of Caribbean-insurer Nagico.
Principal Insurance to double staff numbers with HQ relocation
Specialist motor and business insurer Principal is relocating its headquarters to Manchester as it prepares to double its staff numbers.
Brokers cut adrift after SSP platform goes offline
Brokers have been left floundering after popular broking platform operated by software company SSP was taken offline.
ABI rejects claim that insurers are 'profiteering' over savings on personal injury claims
The Association of British Insurers has defended the rise in motor premium costs, despite the insurance industry saving over half a billion pounds as a result of a drop in personal injury claims.
Challenging market is ‘no excuse’ for poor performance, report finds
Challenging market conditions are no excuse for poor insurer performance, according to a report by Willis Towers Watson.
Charles Taylor reports 6.8% rise in revenue to £74m
Charles Taylor has reported a 6.8% increase in revenue to £74m in the first half of 2016.