News
Biba 2015: Lorega Solutions launches broker business continuity offering
Loss recovery insurer Lorega Solutions has partnered with Basinger Consultants to produce a business continuity service for the broker market which will be launched at the 2015 British Insurance Brokers' Association conference this week.
PE investment and consolidation to continue in broking following flurry of deals
Consolidation and private equity investment are far from reaching their zenith in the broking sector, according to market insiders, who have tipped brokers Be Wiser, Jelf and Autonet Insurance Services as attractive prospects for buyers.
ULR Additions to rebrand as Motorplus
ULR Additions has vowed to refocus on the products and services “in which it excels” following a rebrand that will see the company name changed to Motorplus.
Brightside and Southern Rock reach out of court settlement
Brightside and Southern Rock bosses have reached an “amicable” settlement of all claims following a dispute in a number of areas that commenced in May last year.
Client demand tipped to trigger broader coverage for terrorism 'non-events'
The changing face of global terrorism is likely to cause an influx of insurance products to target terror-related threats as the scale and scope of terror events expand.
Allianz Global Assistance repatriates 55 travellers following Nepal quake
Travel assistance provider Allianz Global Assistance is continuing to provide assistance to travelers affected by last month’s earthquake in Nepal.
Gallagher merges GIS with UK retail and creates single underwriting unit
Gallagher Insurance Solutions managing director Martin Oliver will report in to incoming UK retail CEO Stuart Reid following a restructure at Arthur J Gallagher International.
IRM unveils guidance to ensure Solvency II risk models are 'fit for purpose'
The Institute of Risk Management’s Internal Model Industry Forum has published a guidance document based on its research into the effective validation of risk models created by the insurance industry to comply with the requirements of Solvency II.
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Davies forges claims handling deal with MGA Imperium
Managing general agent Imperium Insurance Management has appointed Davies Group to handle its property and liability claims as well as providing loss adjusting and supply chain services.
Towergate agrees five-year partnership with Allianz worth £770m
Towergate Insurance has extended its underwriting partnership with Allianz for a further five years.
Marintec and Partner Re strike strategic partnership
Italian underwriting agency Marintec has announced a strategic partnership with Partner Re Wholesale, the specialist SME division of global reinsurer Partner Re.
Biba unveils holiday home scheme alongside Intasure
The British Insurance Brokers’ Association has launched its first ever holiday home scheme in partnership with specialist Arthur J Gallagher subsidiary Intasure.
FCA finds insurers and brokers wanting on premium finance advice
The Financial Conduct Authority has found insurers and brokers do not always provide customers with clear information about payment options for general insurance products.
Jelf Group's H1 revenues jump 11%
Jelf Group's revenues have jumped 11% to £43.7m for the six months ended 31 March 2015 from £39.3m in 2014.
Chase Templeton snaps up SME broker Get Private
Private medical insurance specialist Chase Templeton has boosted its presence in the SME sector with the acquisition of London-based intermediary Get Private.
Bangkok Insurance warns on Thailand premium growth
The CEO of Bangkok Insurance Chai Sophonpanich has warned that general insurance premiums will only expand by 5% this year as opposed to the target of 9%.
Australia's Honan buys MACS in Singapore
Melbourne-based Honan Insurance Group, part of the Worldwide Broker Network, has acquired Singapore-based MACS Insurance Brokers for an undisclosed amount.
Latest insurer data leak reignites calls for tougher CMC regulation
Insurers and claimant lawyers have united in calling for tighter regulation of the claims management industry after the latest data breach involving an insurance company employee selling confidential customer information sparked a police inquiry.
ABI's Evans praises government as one insurers can work with
Association of British Insurers director general Huw Evans has deemed the Conservative government elected today (8 May) as one the insurance industry can work with.
Civil justice issues in danger of being sidelined by EU referendum
An insurance law firm has warned of a "strong possibility" civil justice reforms will take a back seat under the newly elected Conservative government while it focuses on the proposed 2017 European Union referendum.
Trio of broking businesses rebranded by Brokerbility
Brokerbility will rebrand its three trading businesses as Brokerbility Insurance Brokers from 1 June in a bid to support strategic growth plans.
Insurance rates decrease for eighth consecutive quarter, states Marsh report
Global insurance rates decreased during the first quarter of 2015, according to the results of Marsh's latest market quarterly briefing.
Watson hails commercial action plan for improved COR
Ageas UK CEO Andy Watson says the 31.6 percentage point improvement in his firm's commercial combined ratio for the first three months of 2015 was the result of a sustained action plan of which the next phase is to grow the account.