News
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
FCA: Consumers overpaying £108m a year in ‘poor value’ add-ons
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
Former Bluefin co-founder launches Vizion Insurance Brokers
Former Bluefin co-founder Chris Blackham and ex-Chubb high net worth boss John Sims have launched a new business, Vizion Insurance Brokers.
56% of Indian vehicles have no insurance, says GIC
India's General Insurance Council has compiled data that shows a major underinsurance problem on India's roads.
90% of 2016 nat cat losses in Asia-Pacific uninsured, says Aon Benfield
Aon Benfield has identified over $104bn (£84bn) of uninsured economic losses in Asia-Pacific last year - 27% higher than average.
CIRC clamps down on insurers' equity investments
The China Insurance Regulatory Commission has imposed stricter guidelines for China's investments in non-insurance companies.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Brokers hit by second SSP outage in less than a week
Brokers using SSP now face a second outage in the space of less than seven days.
Zurich loses court case due to 'ambiguous' policy wording
Zurich has lost a court case against Maccaferri Limited on the grounds that its notification clause wording was too ‘ambiguous’.
UK Vehicle rebrands to Cazana and appoints advisory panel
UK Vehicle has fully rebranded into Cazana, a database platform used by insurers, underwriters and loss adjusters to detect fraud at early stages.
Founder of failed broker re-enters market with on-demand start-up
Founder of failed company Belong Safe, Humphrey Bowles, has launched a new on-demand insurance start-up Guardhog with hopes of competing in the sharing economy.
Neon boosts capacity to £75m for M&A consortium
Neon has bolstered capacity in its M&A consortium, with available capital increasing from £50m to £75m.
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Accidental damage cited as bigger threat than whiplash to motor premiums
The average car insurance premium rose by £35 over the course of just three months last year, with accidental damage blamed as a major factor.
Four insurance law firms form global network
DAC Beachcroft has joined three other insurance law firms to make a global network.
Blockchain could 'reshape' London market, report finds
Blockchain technology is a viable option for the London market, a report has found.
Insurers raise ‘serious concerns’ over Scottish child abuse reforms
Law change could open floodgates to historic claims
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
Broker Direct enters partnership with Transactor
Broker Direct has joined Transactor's panel of open market rated insurers.