News
Allianz partners with FMG in fleet telematics deal
Allianz Commercial has partnered with FMG to give its fleet and motor trade policyholders access to FMG's telematics software ingenium dynamics at a discount rate.
Axa expands start-up fund to Asia and targets 100 million customers
Axa is expanding its investments in China, Hong Kong and Singapore as it targets 100 million customers by 2030.
Insurance quiz of the week - 5 June 2015
Do you know your cyber security breaches from your small business leader concerns?
FCA slams Lloyds Bank's ‘unacceptable conduct’ as it issues £117m PPI fine
Lloyds Banking Group today (05 June) received a landmark fine over its mishandling of Payment Protection Insurance Complaints.
MSIG secures Myanmar economic zone permit
Mitsui Sumitomo has been granted a provisional permit to operate in the Thilawa Special Economic Zone in Myanmar.
Claims Awards 2015 - winners announced
Allianz and Sterling were among the winners celebrating last night after collecting two gongs each at the Post Claims Awards.
L&G puts Hove staff on notice
Legal and General has put a number of staff at its Brighton and Hove office on notice of possible redundancy.
Lloyds Banking Group to be hit with PPI fine in excess of £100m
Lloyds Banking Group is reportedly set to be slapped with a record fine of more than £100m by the Financial Conduct Authority for mishandling payment protection insurance complaints.
Millennials keen to trade blood and urine samples for premium discounts
Millennials in the UK are prepared to give up their own blood, urine, and personal data if it means lowering their insurance premiums, according to a survey conducted by generation researchers Decode.
Arc Legal supports FCA claims ratio re-evaluation
Legal expenses insurer Arc Legal Assistance has backed a move from the Financial Conduct Authority to consider alternative options to the requirement for insurers to publish claims ratio information for add-on products.
Theme parks warned to check safety systems after Alton Towers crash
Theme park rides made by the same manufacturer as ‘The Smiler’ at Alton Towers should review their safety procedures ahead of increased scrutiny form the health and safety executive, the managing director of specialist theme park broker Marsh & Company…
Cega opens London office
Cega, the independent assistance and claims provider, has opened a new office in London as part of an on-going investment in its market-facing capabilities.
78% of terrorist attacks since 2007 have been in 10 countries, says Aon
Aon has identified the 10 countries where the vast majority of global terrorist attacks occur.
Peak Re partners with Shanghai Typhoon Institute
Hong Kong based reinsurer Peak Re and the Shanghai Typhoon Institute are partnering for research projects into the impact of tropical cyclones on the insurance market.
Temple victorious in ATE premium High Court dispute
Temple Legal Protection has won a High Court dispute that confirmed its after the event premium for clinical negligence insurance policies in the post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 era was not unreasonable or disproportionate.
New City minister Baldwin to receive GI industry welcome from Biba
The British Insurance Brokers’ Association has vowed to meet with Harriett Baldwin MP to discuss its manifesto points after she replaced Andrea Leadsom MP as City minister.
Human error to blame for 75% of cyber breaches at large firms
Human error continues to feature heavily in cyber breaches despite increased staff training, according to a new report.
LV's Crabtree to start Ifed secondment in May
LV has funded claims crime prevention team technical controller Matt Crabtree to undertake a six month secondment to the Insurance Fraud Enforcement Department.
McLarens opens Cork office and hires two Top Mark adjusters in Belfast
Loss adjuster McLarens has extended its all-Ireland offering by establishing a presence in Cork and appointing a pair of Top Mark adjusters to its Belfast operation.
#Biba Fever - episode 8: The last word on the conference from Gary Humphreys
Three weeks after the British Insurance Brokers’ Association conference, Post met up with Markerstudy’s Gary Humphreys to get the final word on the 2015 event.
Poor 2014 insurance results at Eldon spark South Africa trial move
Staff at Eldon Insurance Services have been told that poor results within the insurance business last year are to blame for the decision to move all live functions to South Africa for a trial period.
Axa and Lockon join forces to win Regis property deal
Axa is to provide insurance for property group Regis’ ground rent portfolio following a deal with Lockton.
Vienna Insurance Group subsidiary agrees Bulgarian acquisition
Vienna Insurance Group has agreed a deal to acquire Bulgarian firm UBB-AIG through its subsidiary, Bulstrad.
Shipowners' Mutual posts 94.6% COR after strategic withdrawal
Marine mutual Shipowners Club posted a combined ratio of 94.6% for the 12 months to February 2015, amid high business retention levels and increased membership numbers.