News
Home insurance premiums sliding from stability says ABI
The latest figures from the Association of British Insurers’ premium tracker show that premiums for home insurance have begun to decline after previously showing signs of stability.
IUA airs experience fears over PRA's new insurance lead
The International Underwriting Association has revealed concerns over a lack of insurance experience at the Bank of England after Sam Woods was named executive director of insurance supervision.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
China's Fosun in talks with Israel's Dalek over Phoenix
Chinese investment group Fosun is looking at buying around half of one of Israel's leading insurance groups - Phoenix.
Singapore establishes cyber security agency
The Singapore government is introducing an agency for national cyber security on 1 April.
Safe driving app well received in Australia
Several thousand customers have already downloaded a safe driving app in Australia recording 20,000km of data.
JLT's Cooper joins Lockton for Australia property role
Lockton has appointed Stephen Cooper as head of its real estate and construction team.
Beslity becomes Aon marine chairman
Aon has made several key changes to its global marine business.
XL expands German PI business
XL Group has appointed a new professional indemnity manager for its German business as it looks to expand its team in response to rising demand.
Ifed investigation into fraudster unearths cannabis factory
An electrician who conned Zurich out of £15,000 by repeatedly reporting his work power tools had been stolen has been jailed after police officers investigating the fraud found a cannabis factory at his premises.
ABI hails political support for Flood Free Homes campaign
The Association of British Insurers has secured the support of 20 MPs for its Flood Free Homes campaign.
Mid-Sussex broker Bennett Christmas snaps up Howden PI book
Burgess Hill-based broker Bennett Christmas Group has acquired of a book of professional indemnity business from Hyperion Group subsidiary Howden Insurance Brokers.
PRA names Woods as insurance supervision lead
The Prudential Regulatory Authority has named financial stability strategy and risk director Sam Woods as its new executive director of Insurance supervision, replacing Julian Adams.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
Gibraltar to overhaul regulatory regime for financial services
Gibraltar's government and its Financial Services Commission have joined forces to develop a new regulatory framework for financial and professional services.
Dalton appointed as ABI policy director for GI
The Association of British Insurers has appointed James Dalton as director of general Insurance policy.
Claimant's fraudulent broken ankle story discredited on You Tube
A Newcastle man who almost swindled his local authority’s insurance company out of £17,000 after lying about how he broke his ankle has been sentenced to 200 hours of unpaid work.
Smaller motor players facing market exit amid intense competition
Cut-throat competition and meagre rate rises in the motor market could force smaller players to plot an exit, according to industry analysts, as “brinkmanship” continues among certain insurers over potential price increases.
McManus and Chaucer silent on $300m buyout rumours
Brendan McManus and insurer Chaucer have refused to be drawn on speculation that the former Arthur J Gallagher UK retail CEO will lead a buyout of the insurer's UK motor business, backed by private equity house Apollo.
Compass expands fleet team with London market hires
Compass Broker Services, the UK networks division of broker Arthur J Gallagher has appointed Darren Grodent as senior motor fleet broker for its London markets division.
Apil marks 100 day election countdown with bereavement campaign video
The Association of Personal Injury Lawyers has marked the 100 day countdown to this year’s general election with a new campaign video to push for reform of compensation rules for bereavement and psychiatric harm.
Alsford Page & Gems announces MBO
Lloyd’s insurance and reinsurance broker Alsford Page and Gems is to complete a private equity backed management buyout that will see the staff holding 28% of the total shareholding.
Tokio Marine Kiln appoints Woodward for liability role
Tokio Marine Kiln has appointed Paul Woodward as head of liability for its company platform.
Ombudsman GI complaints dip for Q3
Numbers of enquiries received by the Financial Services Ombudsman on general insurance products excluding payment protection insurance fell in the final three months of 2014.