News
Travel premiums down despite claims rising to £400m
Travel insurance premiums are down despite claims costs rising to £400m in 2018, according to research by the Association of British Insurers.
Brightside MGA Kitsune passes 10,000 policies and is on-track for GWP target
Brightside managing general agent Kitsune Associates passed 10,000 policies sold last month and is on-track to meet its first year gross written premium target, according to managing director Trevor Bowers.
Lawyers issue warning over fixed recoverable costs proposals
Extending Fixed Recoverable Costs could lead to claimants playing the system, lawyers warn.
128 jobs on the line as Allianz shutters Bristol office
Allianz has placed 128 roles at risk of redundancy as it announces the closure of its Bristol claims handling centre.
Premium Credit appoints ex-Wonga boss Tara Waite as CEO
Premium Credit has appointed Tara Waite as CEO, replacing Tom Woolgrove.
Landmark court ruling could lead to surge in motor premiums
Exclusive: Motor insurance policyholders could see their premiums increase as a result of a six year landmark case against Motor Insurers’ Bureau.
Revealed: Unrated Gefion claws back solvency ratio after year of losses
Exclusive: Danish unrated insurer Gefion took out a further chunk of reinsurance and injected capital, after its solvency ratio plummeted to 72% in 2018.
Incoming Airmic chairman warns buyers may need to turn to alternatives to insurance
Insurance buyers will need to watch what they spend on insurance and potentially seek out alternative mitigation strategies if the market hardens, new Airmic chairman Tim Murray has warned.
Two out of five people likely to pursue false claims
Two out five people would make a false personal injury or medical negligence claim if they thought they could get away with it, a survey has revealed
US adjuster GRS recruits former Crawford execs to open UK office
US loss adjusting business Global Risk Solutions has recruited a pair of senior former Crawford & Company executives to launch a UK office.
Charlotte Halkett joins Bought By Many
Bought By Many has appointed Charlotte Halkett as its first chief commercial officer.
Aviva to cut 1800 jobs as it splits general insurance and life
Aviva will split its life and general insurance business in the UK, cutting 1800 jobs over the next three years.
GRP-backed County shoots for £100m premium with planned aquisitions
County Group has acquired Shropshire broker Meadons, a deal that will see the GRP North West hub push closer to the £100m premium mark.
Montagu steps down as chair of FOS
Sir Nicholas Montagu will be stepping down as chair of the Financial Ombudsman Service after seven years.
Risk spend should increase on intangibles: Airmic
Risk managers need to overcome their blind spot toward intangible assets like reputation and intellectual property, a conference heard.
Geopolitical risks are a growing concern for boards: Airmic
Six out of ten risk managers believe that geopolitical tensions will become harder to manage for businesses in the next three years.
Insurers issue motor claims inflation warning over new technology
Exclusive: The complexity of repairing semi-autonomous vehicles has seen claims inflation rise significantly in the past year, insurers have warned.
Leadership shakeup at Aviva continues as CFO departs
Tom Stoddard has stepped down from his role as group chief financial officer at Aviva, continuing a shakeup at the senior levels of the company.
FSCS will assist policyholders following Lamp collapse
The Financial Services Compensation Scheme will protect customers of Lamp Insurance following the unrated insurer’s demise.
PIB to increase GWP to £900m with Cobra acquisition
PIB will see its gross written premium grow from £550m to £900m with the acquisition of Cobra.
Ageas pulls the plug on insurtech Back Me Up
Exclusive: Ageas has closed its app-based millennial insurtech Back Me Up to new business.
Scottish broker Blackford buys TL Dallas client portfolio
Scottish broker Blackford has acquired the client portfolio and a full commercial broker team from independent insurance broker TL Dallas, to launch its offering in Edinburgh.
Home & Legacy appoints operations manager
Allianz subsidiary Home & Legacy has appointed Gemma Nunn as operations manager.
Government launches review into 'fairness' of IPT
HM Revenue & Customs has published a call for evidence on the operation of Insurance Premium Tax to ensure it continues to operate “fairly and efficiently”.