News
Young motorists unimpressed with efforts to reduce cost of driving
Six out of 10 young drivers polled by Carrot Insurance claim the coalition government has not done enough to tackle the cost of driving, with 26% stating they will not be voting in tomorrow’s (7 May) general election.
Davies appointed as claims partner by MGA Modus
Loss adjusting firm the Davies Group has been appointed by Modus as claims partner across all lines following a competitive tender process.
DLG sees GWP dip marginally in Q1 as costs plummet 10%
Direct Line Group has delivered a 0.9% dip in gross written premiums for the first quarter of 2015 after attributing a 1.3% reduction in in-force policies to a fall within its partnerships channel.
Tune takes controlling stake in Indonesia's ASM
Tune Insurance has bought a 50% and one share stake in Indonesia's PT Asuransi Staco Mandiri for RM22.8m (£4.8m).
Increasingly complex risks spark calls for overarching leadership
Company boards should consider appointing “an executive voice” to focus on their organisations' most important and strategic risks, according to a report claiming that boards are failing to navigate increasingly complex risks.
Insurers ‘not yet at the table' to provide cyber solutions to customers
Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
PE house takes 50% stake in telematics firm
New private equity firm Beech Tree Private Equity has agreed to take a 50% stake in RS Fleet Installations, the West- Midlands based telematics device installation firm.
Fitzgerald Consulting replaces GAB in adjusting network
Fitzgerald Consulting is to join loss adjusting network Context International as its sole UK representative replacing GAB Robins after its acquisition by Crawford & Company in December 2014.
Fight for talent in broking tipped to lead to further litigation
Recent high profile litigation in the broking sector related to team moves has been deemed the "tip of the iceberg" by market commentators who are predicting further similar disputes.
Data protection key as insurers seek to improve online engagement
Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
Ex-Towergate director Bartlett becomes Axa's northern branch boss
Axa Commercial Lines and Personal Intermediary has finished compiling the senior management team for its branch operation with the appointment of Lisa Bartlett as regional director for the north.
Helvetia Group completes National Suisse Group takeover
Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
Tokio Marine Kiln unveils drone product
Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Cunningham Lindsey aims to forge greater local links with regional management structure
Cunningham Lindsey has unveiled a new regional management structure for its loss adjusting services team, designed to put a greater focus on the local delivery of technical skills, and create deeper local relationships with insurers and brokers across…
Torus and LAU to write general aviation in the US
Torus and London Aviation Underwriters Form General Aviation Partnership in the US
ABI says that cyber insurance to be the norm by 2025
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
Towergate makes senior hires in Scotland
Towergate Insurance has appointed Caroline Inglis and Ian Docherty into the Scotland broking region as the business looks to reinforce its local market leadership.
Fairfax eyes 35% stake in Vietnam insurer
Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
CILA reaps benefits of Asia tour with three alliances
The Chartered Institute of Loss Adjusters has formed three important alliances after two of its most senior members visited Asia.
XL Catlin begins 'bold new world' marketing campaign
Following the completed merger of XL and Catlin, the combined entity XL Catlin has launched an "insurance for a bold new world" marketing campaign.
Peak Re makes first underwriting profit but overall profits fall 60%
In 2014 Hong Kong-based reinsurer Peak Re made a technical underwriting profit of $15m (£9.9m) despite its overall profits falling from $102.9m in 2013 to $41.6m last year.
Ace appoints general counsel for Australia and New Zealand
Ace has appointed Gabija Simmonds to the role of general counsel for Australia and New Zealand.
Sydney hailstorm costs rise above A$100m
The hailstorm which hit Sydney on 25 April has seen 19,000 claims and A$125m (£65m) in losses according to the Insurance Council of Australia.