News
Jacques moves from Canada to Australia with Ace
Lesley Jacques has been appointed head of accident and health for Australia and New Zealand at Ace.
New South Wales hit by powerful storm
Torrential rain and strong winds have disrupted New South Wales causing major flooding and damage.
EL rate hikes a consequence of 'disproportionate' Scottish asbestos plans
A proposal to make insurers liable for the medical costs of treating asbestos diseases in Scotland would not benefit victims north of the border and could instead serve to inflate employers’ liability premiums, according to legal experts.
Ingenie COO McKee to become CEO as King departs
Ingenie co-founder and CEO Richard King will step down in June following a transition process that will see chief operating officer Chris McKee take over the controls at the telematics firm.
Reinsurance pricing pressure to continue in 2015
Ratings agency AM Best is forecasting reinsurance pricing to remain under pressure in 2015 given continued pressure from alternative capital and the lack of a price-changing event in the past few years.
Ghost broker awaits sentencing for selling bogus insurance via fake company
A consultant is due to be sentenced for ghost broking after admitting selling bogus motor insurance to UK drivers through a fake company.
Bluefin Stockton branch manager takes role at NRG
Bluefin has confirmed its Stockton branch manager David Wilson has left the broker to take up a role with NRG Global Power.
Incoming Apil president to criticise fundamentally dishonest defence
Incoming Association of Personal Injury Lawyers president Jonathan Wheeler is to criticise the Criminal Justice and Courts Act's treatment of claimants considered to be fundamentally dishonest in his 23 April address at the Apil conference.
IUA to gauge how London Market is servicing global business
The International Underwriting Association has launched a new survey to assess how the London Market is servicing international business.
Ecclesiastical extends specialist underwriting to regional offices
Ecclesiastical is to extend underwriting of its heritage residential and property investors business to its regional offices in Manchester and Birmingham.
Thailand approves class action lawsuits
Thailand's National Legislative Assembly will allow class action legal proceedings for the first time from December.
Insurer and Christchurch City Council in earthquake dispute
The Christchurch City Council is in dispute with its insurer Civil Assurance over payouts from the devastating 2011 earthquake.
Shareholders approve £640m sale of Quindell's PS division
Quindell's shareholders have voted to approve the sale of its professional services division to Slater & Gordon for £640m.
Claims Club: Loss adjusting could not respond to a surge on 2007 scale warns Burke
Falling demand for ‘business as usual’ loss adjusting services has left the industry unable to service claims at the peak of a surge, according to Benedict Burke, deputy president of the Chartered Institute of Loss Adjusters.
Claims Club: Collaboration during catastrophes vital to protect industry reputation says Biba
Collaboration at times of surge remains a polarising topic, with the industry divided on the extent to which rivals should work in partnership during catastrophic events.
Quiz of the week - 17 April 2015
Test your knowledge of this week's insurance news stories with Post's quiz.
Claims Club: Importance of loss adjusters must increase for UK to regain status as pre-eminent insurance market
Insurers need to cut out bureaucracy, the role of lawyers has to be reduced and importance of loss adjusters increased if the UK is to regain its position as one of the world’s pre-eminent insurance markets.
Towergate 'streamlines' loss adjusting panel
Towergate Insurance has overhauled its loss adjusting panels following a tender process involving nine companies.
Alistair Lockhart-Smith to lead marine and energy at Capsicum Re
Reinsurance broker Capsicum Re has hired Alistair Lockhart-Smith as a partner to lead its marine & energy specialty business.
Australian insurers urged to adapt to driverless cars
The Commonwealth Bank of Australia is urging insurers to be aware of the fast development of driverless cars.
AJ Gallagher starts Asian reputation risk practice
International broker AJ Gallagher is aiming to help large corporate clients in Asia with mitigating reputation risk and brand damage.
Ex-airline boss Douglas Steenland named new AIG chairman
AIG has named Douglas Steenland as its new chairman, effective from 1 July when he will succeed Robert Miller.
Skuld appoints Augustsson to lead Greek office
Marine insurer Skuld has appointed Kjell-Åke Augustsson to lead its office in Piraeus, Greece.
PI broker banned by FCA
The Financial Conduct Authority has barred former insurance broker Stephen Robert Allen after the Upper Tribunal found he was not a fit and proper person. The Tribunal reached the decision because Allen was found to have submitted a forged document in…