News
Court clarifies commercial term in warehouse fire ruling
A 7 July Court of Appeal ruling will give the insurance industry clarity on the meaning of the widely used term "unattended" in the context of commercial premises, according to law firm RPC.
BIA 2015: Inga Beale wins Insurance Personality of the Year
Lloyd’s CEO Inga Beale was tonight crowned Insurance Personality of the Year at the British Insurance Awards.
BIA 2015: David Hertzell wins Achievement Award
Former Law Commissioner David Hertzell was awarded the prestigious Achievement Award at tonight’s British Insurance Awards.
British Insurance Awards 2015: The winners
AIG, LV and Wilby were among the big winners at the British Insurance Awards – collecting two gongs apiece.
Chancellor promises review of CMCs in summer Budget
The Government has pledged a review into the regulation of claims management companies in the Summer Budget.
Osborne drops IPT Budget bombshell
Chancellor of the Exchequer George Osborne has caught the industry by surprise with an announcement that insurance premium tax will rise to 9.5% from November.
British Insurance Awards 2015: As it happened
The industry's most anticipated awards ceremony is over for another year.
Mediator appointed to oversee Gallagher and Ross dispute
A mediator has been appointed to intervene in the dispute between Arthur J Gallagher and its former international CEO David Ross, former chief financial officer Mark Mugge and consultant Christopher Keey.
Private prosecution service launched for fraudulent claims
A law firm and an investigation company have partnered to offer insurers a private prosecution service for fraud cases that would see payment of reasonable costs from a central fund.
Indian reinsurer added to list of Altitude capacity providers
Altitude Risk Partners, Castel’s global aviation and space underwriting business, has added the General Insurance Corporation of India to its aviation capacity providers.
Birmingham top UK area for jewellery claims
Birmingham received more claims for lost and stolen jewellery than any other UK area in 2014, according to research from Churchill Home Insurance and LMG Jewellery.
Lloyd's highlights data sharing as imperative to mitigating cyber risk
Insurers and governments must share data in order to accurately assess the risk of a large-scale cyber attack and protect businesses, according to Lloyd's research.
My Licence attracts 18% of motor market in opening six months
Around a fifth of the motor insurance industry is using the My Licence scheme, six months after the joint initiative between the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency went live.
FCA hires insurance leader as supervision director
The Financial Conduct Authority has appointed JLT strategic advisory group member Jonathan Davidson as its retail and authorisations supervision director.
FRC announces investigation into former RSA Ireland staff
The Financial Reporting Council has decided to investigate the conduct of certain members of staff at RSA Insurance Ireland in the year ending 31 December 2012.
Swift MID policy cancellation advised as 'archaic' certificate rule is scrapped
Insurers have been advised to promptly update the Motor Insurance Database to avoid continuation of liability after the "archaic" rule requiring a motor insurance policyholder to return their certificate of insurance in the event of cancellation was…
Aviva church insurance start-up brand Trinitas facing tough baptism
The chances of Aviva successfully challenging established players in the church insurance market have been questioned following its decision to launch a joint venture with Stackhouse Poland targeting Church of England parishes.
Non-payment may be insufficient grounds to deny cover following Grexit
European insurers’ credit exposure to Greece is likely to be ‘manageable’ in the event of a Eurozone exit, but firms underwriting Greek individuals and business could face protracted contract disputes, market sources have warned.
Insurers warned to 'remain cautious' if Iran sanctions are lifted
The possible relaxing of sanctions against Iran offers a tempting source of new business but insurers must remain vigilant when considering entering into business arrangements with the state, international lawyers have warned.
Adrian Colosso to retire from Howden at end of the month
Adrian Colosso will retire from his position as CEO of Howden UK at the end of July 2015, parent company Hyperion Insurance has announced.
Autoglass aiming for greater efficiencies with new facilities hire
Autoglass is hopeful the appointment of Melvin Rolling to head up its fleet, property and health and safety functions in a newly created role will lead to greater efficiencies at the windscreen repairer.
New uninsured drivers' agreement signed off
The Motor Insurers' Bureau is to implement an updated uninsured drivers' agreement that will come into force for accidents occurring on or after 1 August 2015.
Dual looks to capacity provider Arch for claims head hire
Angus Watson has been appointed global chief claims officer at Dual, Hyperion Insurance Group's underwriting arm.
Mugge appointed Towergate CFO
Towergate chief operating officer Mark Mugge has been appointed group chief financial officer at the company.