News
Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Homeserve UK boss King stepping down in 2014
Homeserve UK chief executive Jonathan King is to step down next year, with group chief operating officer Martin Bennett set to replace him.
Necessity of new EU nuclear liability proposals questioned by industry
Premiums could rise due to new rules as UK announces new power station.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Win tickets for England vs Argentina at Twickenham
With the QBE Rugby Internationals kicking off next month, Post and QBE, the official insurance partner of England Rugby, have teamed up to give two readers the chance to win a pair of tickets to watch England take on Argentina at Twickenham on 9 November.
Relief over New South Wales bushfires; firefighting plane crashes
The bushfires in the Blue Mountains in Australia have calmed down after a day of high temperatures and strong winds in New South Wales made it difficult for firefighters to control the fires.
Coface warns of Asia household credit boom
Credit insurer Coface has issued a warning comparing household debt in four Asian countries as similar to the US before the subprime crisis.
MoJ to introduce expert panels for whiplash claims
The Ministry of Justice has confirmed a package of measures, such as the introduction of independent medical panels, aiming to combat whiplash and reduce the cost of motor insurance premiums by £80.
Mass welcomes MoJ small claims deferral decision
The Motor Accident Solicitors Society has welcomed the Ministry of Justice’s announcement to defer its decision on the small claims limit for general damage claims.
Insurance lawyers welcome whiplash medical panel proposals
Claimants and defendant lawyers alike have welcomed the government’s plans to introduce independent medical panels for validating whiplash claims.
Motor premiums continue “record drops” in Q3 says the AA
A dramatic plunge in car insurance premiums is continuing according to the latest figures from the AA.
Be Valued acquires Allied Carpets claims business
Home Flooring Solutions, a claims spin off from Allied Carpets, has been saved from administration after being purchased by Be Valued, Post can reveal.
Expertise in Action: Supporting profitable growth for brokers
The trading landscape for brokers continues to be one marked by tough competition and tight margins.
Ageas given High Court approval to transfer Groupama covers
Ageas has received approval for the formal transfer of all Groupama business to its Optima and Exclusively brands from the end of October.
Dual unveils new regional MD for Asia
Hyperion-owned Dual International has appointed Mark Spadaccini as regional managing director of Dual Asia, responsible for both the Hong Kong and Singapore offices.
Sales and service CEO Trott exits Towergate
Towergate sales and service chief executive Simon Trott has left the consolidator after a decade at the firm.
BP Marsh reports £1.4m profit after Hyperion sale
Venture capital provider and former Hyperion investor BP Marsh has reported profit after tax of £1.4m for the six months to July 2013, down from the £2.2m reported for the same period last year.
MSIG launches travel alerts in Singapore
MSIG will provide travel insurance customers with information over delays, natural disasters and political unrest to produce as a personalised service for them.
Capita launches bordereaux service
Capita Insurance Services has launched a bordereaux management service for Lloyd’s managing agents and London market companies.
Barbon closes Croydon HQ
Barbon Insurance Group has confirmed plans to close its Croydon head office, relocating functions and roles to new purpose built premises in Lincoln.
BP Marsh pushed to £1.4m post-tax profit after Hyperion sale
The sale of an 80% stake in Hyperion Insurance Group has seen BP Marsh record a £1.4m post-tax profit in its interim results for the year to 31 July.
Ombudsman data shows insurance complaints up 4.6%
Consumer complaints for general insurance products reached almost 6500 in the quarter ending 30 September according to data published by the Financial Ombudsman Authority.
Aviva Canada names broker distribution boss Somerville as CEO
Aviva Canada has named its executive vice president of broker distribution as its new president and chief executive.