News
Broker sales on back-burner
The sale of Groupama-owned brokers Bollington and Carole Nash are said to be on the back-burner while the dust settles on Ageas’ acquisition of the UK insurance arm.
BGL prepares for gender-neutral pricing
The BGL Group has offered support to insurers as they implement gender-neutral premium rates to accommodate a legal shift that it describes as "the single biggest change in insurance rating in modern times".
Aggregator meerkats get into character on the Corrie set
Compare the Market has this week released a series of short video clips depicting the famous meerkats clan on the set of Coronation Street.
Purely sets sights on carving motor niche after Zenith capacity win
Motor intermediary looks to follow Sabre’s lead in ‘sticking to its knitting’
Tens of thousands face being priced out of flood cover
ABI admits its Flood Re model is dead in the water
Penny speed meets... Garry Simmons, associate director, head of property & liability claims, Sterling Insurance Group
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Three-year court battle results in double-edged compensation precedent
Expansion of potential defendants could spark abuse claim increase
Foil seeks collaboration with industry specialists in bid to maintain relevance
Association proclaims ‘important step for industry harmonisation’
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Square Mile obtains CII broking status
Commercial insurance brokers Square Mile has been awarded Chartered Insurance Institute status, having met the criteria relating to professionalism and capability.
China underinsured by $80bn: Lloyd's
China represents half of global underinsurance, according to a study from the Centre for Economic Business Research and Lloyd's.
Flood zones could see premiums rise 50%
PWC has warned that insurance premiums for flood cover could rise by as much as 50% depending on the severity of damage.
Flooding risk remains as weather calms: GAB Robins
Loss adjuster GAB Robins has warned that while the worst of the UK’s spate of rain has now passed, many areas remain at risk of flooding.
Xchanging appoints exec director for insurance services
Xchanging has appointed Adrian Guttridge as executive director, insurance services, reporting to group chief executive Ken Lever.
Government support needed for affordable UK flood cover
Affordable flood cover for UK homeowners is unlikely to be available in the future without some form of government support, rating agency Fitch said today.
Professional lines pricing to rise 10% in 2013: Torus
Specialty insurer Torus has said a recent survey showed wide expectation of increases in professional liability pricing.
IFED and IFB head to parliament
Members of the Insurance Fraud Enforcement Department and the Insurance Fraud Bureau gave an update on their fight against insurance fraud at the All Party Parliamentary Group on Insurance and Financial Services today.
Aviva appoints IT transformation head
Aviva has appointed Phil Pavitt as its first IT transformation director, joining from 7 January.
Collinson Group acquires card protection provider
The Collinson Group has announced a deal to acquire CCS, a card protection provider, in a bid to enhance its insurance and travel benefits offerings.
Foil elects Evans as president for year of 'seismic reforms'
The Forum of Insurance Lawyers has elected Greenwoods Solicitors’ partner Rod Evans as its president for 2013.
Swiss Re pledges $500m for European infrastructure debt
Swiss Re said today that it has committed $500m for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe.
Axa Assistance acquires concierge service
Axa Assistance has agreed to acquire the majority of WhiteConcierge, a UK company operating in Europe in the concierge services Industry.
Chinese insurers turn to equity as they approach debt ceiling
Chinese insurers are increasingly likely to favour equity issuance over incurring debt to support growth, as they get close to the debt ceiling imposed by the domestic regulator, according to Fitch.
JLT calls on government to back Flood Re
JLT is urging businesses to lobby MPs in a bid to impress on the government the urgent need to agree a flood insurance solution to replace the Statement of Principles when it expires next year.