News
Towergate sale enters final furlong as Cullum and Homer fall behind frontrunners
Peter Cullum and Andy Homer's hopes of reacquiring Towergate look set to be dashed as the broker seeks to bring an end to a lengthy sale process.
No FSCS compensation levy for GI brokers in 2015/16
General insurance brokers will not have to pay a Financial Services Compensation Scheme levy for costs associated with compensation in the next financial year.
Biba plotting commercial solution for properties excluded by Flood Re
Organisations representing properties excluded from Flood Re remain committed to fighting for the scheme to widen its scope, despite plans by the British Insurance Brokers' Association to provide a commercial solution for excluded parties.
Willis promotes Smaje to Willis GB broking head
Willis has promoted aerospace business CEO Philip Smaje to chief broking officer for Willis GB.
Century targets 20% GWP growth and product expansion in 2015
Commercial motor managing general agent Century Underwriting is eyeing a further 20% gross written premium growth in 2015 after chalking up £15m of GWP during the previous 12 months.
Aviva hands CRO role to SII head Woodford
Aviva Solvency II director Julian Woodford has been appointed UK and Ireland chief risk officer for the business.
NAHL reports 10.4% revenue increase in trading update
NAHL has reported a 10.4% increase in revenue from continuing operations to £43.8m for the year ended 31 December 2014.
Bricklayer gets suspended sentence for bogus £200,000 claim
A bricklayer who attempted to a claim approximately £200,000 from Axa in a personal injury scam has been handed a six month jail term, suspended for two years, after pleading guilty to contempt of court.
Paymentshield hires Rob Evans as CFO
Paymentshield has hired Rob Evans as its chief financial officer and tasked with working with the management team to delivering a business strategy for the company.
Malaysia's premiums subject to new tax
All general insurance premiums will be subject to 6% goods and services tax from 1 April.
1500 jobs at risk if Aviva's Friends Life acquisition is finalised
If shareholders agree to Aviva's acquisition of UK life insurer Friends Life then 1500 jobs are likely to be made redundant.
AA index records static home and motor premiums
The average quote for a combined home buildings and contents policy has remained static over the past three months while an average quoted motor premium rose £1, according to the AA's British Insurance Premium Index.
Biba sets out plan for more affordable regulation
The British Insurance Brokers' Association has set out a 10 point plan to achieve regulation that is better value for money in its 2015 manifesto, launched today (19 January).
Biba confident on pre-election manifesto progress
The British Insurance Brokers’ Association is confident it can make rapid progress on a list of 20 “calls for action” issued as part of its 2015 manifesto.
Cyber and sharing economy among Biba's manifesto commitments
Emerging risks emanating from the sharing economy and cyber insurance feature prominently among the British Insurance Brokers’ Association’s 11 manifesto commitments to members.
Video: Biba executive director Graeme Trudgill on the 2015 manifesto
British Insurance Brokers’ Association executive director Graeme Trudgill talks to Post news editor Callum Brodie ahead of the launch of the trade body’s far-reaching 2015 manifesto.
Hong Kong Computer Society launches financial technology group
The Hong Kong Computer Society is to launch the Financial Technologies Special Interest Group in Hong Kong.
Biba Manifesto 2015: Breaking news
The Post team brings you the breaking news on the British Insurance Brokers' Association's Manifesto 2015 as it launched at parliament on 19 January.
Carrot teams up with Fiat to launch young drivers product
Telematics provider Carrot Car Insurance product director Ed Rochfort believes the convergence between manufacturers and the provision of insurance “will continue to gather pace” after unveiling a new product alongside Fiat.
Hyperion to focus on organic growth as it ‘beds down' acquisitions
Hyperion is to focus on organic growth in 2015 as it concentrates on integrating the 12 acquisitions completed globally in 2014, according to CEO David Howden.
Pool Re reportedly weighing business interruption changes
UK terrorism insurance scheme Pool Re is reportedly evaluating changes to business interruption cover in the aftermath of the Charlie Hebdo killings in Paris.
FCA suggests FSCS management levy to drop 7.4%
The Financial Conduct Authority is consulting on the Financial Services Compensation Scheme's proposed management levy for the next financial year which would see an overall 7.4% reduction in expenses.
Insure the Box sale highlights threat of manufacturers to motor insurers
Motor manufacturers are primed to “take the motor insurance market by storm”, according to market insiders, who have highlighted the sale of Insure the Box as a wakeup call to the threat manufacturers represent to insurers.
Solvency II Delegated Acts brought into force
The Solvency II Delegated Acts were entered into force on 18 January in a move Insurance Europe has called an important step forward in the implementation of the regulatory regime.