News
Quiz of the week - 25 September 2015
It's quiz time. Test your knowledge of the week's insurance news.
Terry's motives questioned as ex-Quindell boss bags 14% stake in tech firm
Former Quindell CEO and founder Rob Terry has raised eyebrows at AIM-listed Imaginatik after snapping up a 14% stake in the technology firm.
Cost savings behind 5% reduction in 2014 Swinton operating profit
High-street broker Swinton has attributed “significant cost savings” within the group to a 5.1% reduction in its operating profit to £24.2m last year (FY 2013: £35.5m).
Bicycles most common theft claim for Direct Line
Bicycles make up 17% of all theft claims handled by Direct Line, proving to be a more popular theft target than mobile phones or tablets.
Brown to build off success of Towergate MGA as underwriting boss
Towergate chief operating officer Adrian Brown plans to build off the strong relationships the consolidator has with insurers and brokers when he takes over as Towergate Underwriting CEO on 1 November.
Hearn extends LMG chairmanship ahead of London Matters response
The London Market Group has unveiled a number of steps in responding to the challenges of the London Matters report, which has led to Steve Hearn extending his chairmanship of the LMG until the end of 2016.
Towergate stalwart Clive Nathan to be replaced by Adrian Brown
Towergate Underwriting CEO Clive Nathan will leave the company at the end of January 2016, with his role being taken over by chief operating officer Adrian Brown.
Insurance Data & Analytics 2015 as it happened
Couldn't make it to the Radisson Bloomsbury for Post's Insurance Data & Analytics event?
Ace to underwrite Calliden home insurance policies
Steadfast-owned Australian underwriting agency Calliden has appointed Ace to underwrite its home insurance policies.
UK motor market chalked up collective loss of £31m in 2014
UK motor insurers continued to struggle in 2014, posting a collective loss of £31m, according to analysis by the Association of British Insurers.
Covéa promotes Coffey and Yeates to director roles
Covéa Insurance has promoted Sue Coffey to personal lines intermediated distribution director and Gary Yeates to personal lines pricing and underwriting director.
Volkswagen's coverage questioned as £4.7bn is earmarked for emissions scandal
Volkswagen is unlikely to be able to rely on insurance to protect it from exposure relating to falsified US emission tests in particular diesel models of its vehicles, loss adjuster Cunningham Lindsey anticipates.
Foil backs personal injury court fees exemption
The Forum of Insurance Lawyers has welcomed the UK government’s proposals to exempt personal injury claims from any planned further increase in court fees.
Video: The Co-operative Insurance directors James Hillon and Charles Offord
The Co-operative Insurance directors James Hillon and Charles Offord tell Post about the business's transformation plans.
AGCS promotes Kirwan to UK CEO
Brian Kirwan has been promoted to UK CEO of Allianz Global Corporate and Specialty effective from 1 October.
Swiss Re's Admin Re unit buys Guardian Financial Services
Swiss Re’s business unit Admin Re has agreed to acquire closed life insurance fund consolidator Guardian Financial Services from private equity firm Cinven for £1.6bn.
Axa and RSA mini-fleet products added to Applied Systems' panel
Applied Systems is expanding its commercial lines panel with the addition of mini-fleet products from Axa and RSA.
Brit increases US exposure with Ambridge Partners investment
Brit has made a strategic investment in long-time trading partner Ambridge Partners.
Penny Black's Insurance Week - 24 September 2015
Penny is a huge fan of the oval ball and was first in the queue to wear the rose and make our boys giants in the Rugby World Cup, being held in England and Wales this year.
Man handed four-year jail term for £170,000 PPI fraud
A 31-year-old man was jailed for four years at Newport Crown Court on 21 September for defrauding £170,000 from 1500 people through an unauthorised payment protection insurance claim-back scheme.
Hester surprised at Zurich deal collapse
RSA group CEO Stephen Hester has confessed his shock at Zurich's decision to break off talks about an acquisition of the company.
Insurers wary of increased costs following Enterprise Bill proposal
Question marks have been raised over a proposed measure in the Enterprise Bill that could see insurers pay general damages to policyholders that have suffered additional loss because of an unreasonable delay in payment.
FCA names Philippou as COO
Georgina Philippou has been named as the new chief operating officer at the Financial Conduct Authority.
Career Development: CILA praises loss adjuster’s training support
The Chartered Institute of Loss Adjusters has awarded the first training accreditation to Cunningham Lindsey for its professional qualifications training support scheme.