News
CMA remedies a ‘mixed bag' for Biba
The British Insurance Brokers' Association has welcomed the Competition and Markets Authority's move to extend the protected no claims bonus remedy deadline while deeming the recommendations in the regulator's private motor investigation final order a …
Elite offering PII to MROs as Medco minimum cover requirement is set at £1m
Unrated insurer Elite Insurance has “leapt to the aid” of medical reporting organisations that want to be considered for the Medco portal by offering professional indemnity cover.
Under-35s urged to actively shape London market's future
Willis deputy CEO and London Market Group chair Steve Hearn has called on Lloyd's and London market employees under the age of 35 to play an active role in shaping the future of the sector.
Bayles outlines Aviva's three-pronged GI growth plan
Growth is on the agenda for Aviva's UK general insurance business in 2015 with partnerships and existing customers identified by chief sales and marketing officer Phil Bayles as two target areas.
La Playa plans California and Singapore offices
Cambridge-based specialist broker La Playa is planning to open offices in San Francisco and Singapore.
Ban on aggregator motor deals extended to smaller players
The Competition and Markets Authority has extended its upcoming ban on motor insurance aggregator deals to smaller aggregators.
Driverless cars commitment and reinsurance backing prominent in 2015 Budget
Chancellor of the Exchequer George Osborne has pledged £100m to the development of driverless cars in a bid to make the UK "a centre of excellence" for the technology.
Development blamed for high disaster losses
Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction showed little prospect of reducing economic losses from present levels of $240bn (£163bn) per year.
Task force enlists ABI and Biba to update application fraud guidance
The Association of British Insurers and the British Insurance Brokers’ Association have agreed to update their guidance on the prevention of application fraud by the end of 2015 after being prompted by the government’s insurance fraud task force.
ABI study examines the behaviour of fraudsters
The Association of British Insurers has published research into what motivates insurance fraudsters.
Allianz launches PI product for e-trading platform
Allianz has launched a new e-traded professional indemnity product for the UK broker market.
Improved training not the only answer, claim motorcycle insurance firms
Enhanced basic training for motorcyclists is a step in the right direction, but other changes are needed to reduce the rising number of riders killed and seriously injured in Great Britain, according to specialist motor players.
Marock notes strong acquisition pipeline for rights issue fund
Charles Taylor is eyeing up potential acquisition targets across all three lines of the company's professional services business as well as life run-off firms, according to CEO David Marock.
Biba picks Aqua's HNW scheme again
Aqua has been reselected as the British Insurance Brokers' Associations' high net worth scheme provider for another three years.
Ageas unveils small fleet policy
Ageas' specialist policy, Optima Small Fleet, has gone live through the company's extranet service.
Ex-ERS underwriting duo May and Hill move to Bluefin MGA
Bluefin’s newly launched managing general agent Bluefin Underwriting has appointed Jon May and Andy Hill as head of underwriting for specialist motor and head of underwriting for bike respectively.
Charles Taylor sees £9.2m revenue jump in ‘strong' 2014
Charles Taylor saw its revenue increase by £9.2m for the year ended 31 December 2014 to £122.8m.
Charles Taylor launches £30.6m rights issue
Professional services firm Charles Taylor is launching a rights issue to raise approximately £30.6m in gross proceeds.
Deveboise hires Asia disputes lawyer Johnson
Legal firm Debevoise & Plimpton has appointed Mark Johnson as a litigation partner in its Hong Kong office.
FBI investigates insurer cyber attack
US intelligence service the FBI is investigating a hack attack on US health insurer Premera.
Crawford's Muress thanks staff and clients as CMA signs off on GAB Robins deal
The Competition and Markets Authority has unconditionally cleared the acquisition of GAB Robins by Crawford and Company after concluding its review of the purchase ahead of schedule.
FCA may be more open about interventions - report
The new head of supervision at the Financial Conduct Authority has hinted that the watchdog may provide more information about its interventions.
Quindell still in talks over £640m business arm sale
Quindell has told the stock market that it is still involved in talks to sell its professional services arm, and has given details of a potential price of the deal for the first time.
What issues top the GI industry's 2015 budget wish-list?
As Chancellor of the Exchequer George Osborne prepares to deliver his annual budget tomorrow (18 March), Post found out what the general insurance industry hopes to fin inside the famous old briefcase.