News
RSA promotes Tiffany to legacy claims head
RSA has promoted development and commercial claims head for motor and injury Suzy Tiffany to UK legacy head effective 1 July.
ILS taskforce meets government for the first time
The industry task force established to work with government to investigate ways in which more Insurance Linked Security business could be attracted to London met with representatives from HM Treasury for the first time on Friday (5 June).
Reduced insurer payments behind 'modest' turnover rise at Perkins Slade
Birmingham-based broker Perkins Slade has attributed reduced service fee payments from insurers and soft market conditions for a modest 2% rise in turnover for the year ended 31 August 2014.
Dual launches M&A business in Frankfurt and London
Hyperion's underwriting arm Dual has launched a merger and acquisitions business located in Frankfurt and London.
Aviva relaunches broker training site
Aviva has launched a refreshed version of its online training site for brokers, the Aviva development zone.
Alps pitches product ratings as alternative to FCA claims ratios
Auto Legal Protection Services has suggested broker training and product ratings as alternative remedies to the Financial Conduct Authority's claims ratio conundrum for add-on products.
FCA appoints Sicsic as GI retail department head
Aviva group risk director and Oric International chairman Michael Sicsic has been appointed general insurance retail sector department head at the Financial Conduct Authority.
Travel insurance fraudster jailed
A council benefits officer who lied to insurers 28 times to gain £88,000 has been jailed for two years.
Aviva accused of 'struggling to understand' French law
Aviva has been accused of filing a futile lawsuit and being in denial about the severity of the situation it finds itself in in France.
CILA rejects proposals for surveyors to oversee resilient rebuilding
The Chartered Institute of Loss Adjusters has questioned proposals to train property surveyors in resilient rebuilding methods, claiming its own members are much more suited to the role.
Gallagher hires Rea as part of completed executive team
Former Towergate group chief operating officer Michael Rea is to join Arthur J Gallagher International as its chief operating officer.
Gauntlet gains 14 members in Q1 2015
Gauntlet Group added 14 appointed representatives to its network in the first quarter of 2015 which has resulted in the recruitment of Haley Thomas as appointed representative manager.
FCA hires new director of enforcement from Hong Kong's SFC
Mark Steward has been appointed as the Financial Conduct Authority’s new director of enforcement and market oversight, while Barbara Frohn will become its director of risk and compliance oversight.
Indian ocean 'provocations' risk increased piracy attacks
A perceived decline in the global piracy threat is leading some vessels to reduce risk mitigation measures, leaving them vulnerable to attack, according to a new report.
Axa scores highest in Brokerbility satisfaction survey
Brokerbility has completed its latest satisfaction survey of the key insurer partners servicing its broking members.
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.