News
Bollington to transfer 3500 policies affected by Enterprise
Bollington Underwriting will block transfer 3500 policies affected by the Enterprise collapse to a new provider.
Hiscox offers $1bn fine art consortium
Hiscox has launched a new $1bn fine art consortium to better handle placing large risks within Lloyd’s.
Medco qualifying criteria 'isn’t a good enough solution for whiplash culture'
The Ministry of Justice has published a revised set of "qualifying criteria" which applies to MROs that are registered on the Medco system.
Dominic Casserley to leave Willis Towers Watson
Willis Towers Watson president and deputy CEO Dominic Casserley will be leaving the group in December after three years.
FCA seeks vote of confidence from industry on its approach
The Financial Conduct Authority is seeking a vote of confidence from the industry on its current regulatory approach.
Acquisitive Davies eyes I-Cog as it closes in on latest niche deal
Acquisitive claims and loss adjusting group Davies is in advanced negotiations which could see it seal its fifth bolt-on acquisition in 24 months.
FSCS starts refunding motor premiums of Enterprise customers
The Financial Services Compensation Scheme will refund motor policies for customers affected by the Enterprise collapse from today.
Personal injury lawyers moving away from road traffic claims
Personal injury solicitors are diversifying activities away from road traffic accident claims as a result of restrictions on low-value payouts.
Australia's largest theme park closed after four die in crash
Australia's largest theme park Dreamworld has been closed indefinitely after investigators examine how four people died at the park yesterday.
Delay in whiplash reforms means industry has to cooperate to address fraud
The delay to proposed whiplash reforms means insurers have time to assess different approaches to addressing fraud, a Parliamentary committee heard.
FOIL welcomes SRA's concerns over personal injury sector
The Forum of Insurance Lawyers has welcomed SRA’s recent thematic review of the personal injury market that suggests that positive progress has been made.
Legal & General is top insurer for shareholders
Legal and General is the world's top value creating insurer for shareholders, according to a new report.
Marsh reports steady growth over past nine months
Marsh’s broking arm saw a 4% increase in total revenue over the past nine months, up to $4.4bn (£3.63bn) from $4.2bn (£3.47bn) in the same period last year.
Transactor to host Pukka's commercial vehicle scheme
Transactor Global Solutions has partnered with Pukka which will see the MGA’s soon to be launched commercial vehicle scheme distributed via the Transactor software system.
NFU Mutual launches new service to help small farm holdings thrive
NFU Mutual has launched a new policy aimed at helping small farm holdings survive the current economic climate.
Markerstudy to launch commercial insurance broker
Markerstudy will launch a new commercial insurance brand next month.
Insurers netting extra £1.5bn from monthly motor instalments
Motor insurers are earning an extra £1.5bn a year from motorists paying their premiums on a monthly rather than an annual basis.
Industry highlights importance of cyber cover following Friday's attacks
Brokers and insurers have highlighted the growing necessity for cyber cover following Friday’s high profile cyber-attack.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Ex-FBI cyber chief James Trainor joins Aon Risk Solutions
Aon Risk Solutions has appointed a former Federal Bureau of Investigation agent to its cyber solutions group.
Five firms affected by FCA's system outage last month
The Financial Conduct Authority has confirmed that five firms were unable to submit reports following a system outage last month.
Five insurers launch Blockchain pilot
Five of the largest insurers have joined forces in a pilot scheme to test the impact of Blockchain on the industry.
Blenheim Syndicate launches with capacity of £150m
Blenheim Syndicate has been granted permission by Lloyd’s to launch, with a capacity of £150m for year one.
Typhoon Haima destroys crops and homes in Guangdong
Typhoon Haima shut down Hong Kong last Friday, caused around $500m (£400m) of economic losses in Guangdong and killed at least 13 people in the Philippines.