News
JLT named broker for Swansea Tidal Lagoon
JLT has been named as the broker for the Tidal Lagoon Swansea Bay, the world’s first man-made energy generating lagoon.
Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
Moody's downgrades Towergate's corporate family rating
Ratings agency Moody's has downgraded the corporate family rating and probability of default rating on Towergate Holdings II by two notches to Caa3/Caa3-PD.
ABI holding off Flood Re contracts as government talks continue
The Association of British Insurers is holding off contracting with a managing agent and a reinsurance broker for the Flood Re scheme due to ongoing discussions with government around the initiative's secondary legislation.
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.
Quindell's Currie seeks stock market sponsor
Quindell is reportedly on the hunt for a new stock market sponsor after the exit of an analyst at its nominated adviser Cenkos Securities last month.
Questgates to introduce minimum standard for motor investigators
Loss adjuster Questgates has unveiled plans to introduce a minimum professional standard for those operating within its motor investigation team by the first quarter of next year.
Barbican bolsters cyber underwriting team
Barbican Insurance Group has appointed Ace USA’s Matthew Waller as cyber, technology and media underwriter.
Equistone sells A-Plan stake to Hg Capital
Private equity firm Equistone has agreed a deal to sell its majority stake in UK broker A-Plan to investment firm Hg Capital.
Computer glitch causes chaos for UK flights
A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain's biggest airports on Friday, officials told Reuters, as services returned to normal on Saturday.
Steve Abbott to leave JLT in Hong Kong
Post understands Steve Abbott, Jardine Lloyd Thompson's deputy managing director in Hong Kong, is to leave the broker at the end of the year.
Suspected terrorist attack in heart of Sydney
Hostages held by an Islamic extremist with a shotgun and possible accomplices in siege at coffee shop in Sydney's central business district.
Andrew Torrance to leave Fireman's Fund in US restructure
Allianz's former UK CEO Andrew Torrance is stepping down as CEO and president of Allianz's Fireman's Fund unit at the end of the year.
Ferma secures future as it names Willaert as next president
Agfa-Gevaert corporate risk manager Jo Willaert has been named deputy president of the Federation of European Risk Management Associations, following board approval.
FCA tightens complaint handling procedures
Financial services firms will no longer be able to use premium rate telephone numbers for customers as part of a series of proposals from the Financial Conduct Authority on changes to the rules on complaint handling and post-sale telephone calls.
New vehicle damage repair standard published
A new British Standard for vehicle damage repair has been published by BSI to help repair centres differentiate themselves from their competitors.
FCA turns focus to competition in GAP market
The Financial Conduct Authority is proposing changes to promote competition in the £160m guaranteed asset protection insurance market.
Multi-defendant asbestos ruling 'significant' for future damages awards
A High Court ruling around compensation in asbestos-related lung cancer cases with multiple defendants will have a significant impact in the way damages in future cases are awarded, law firm BLM has claimed.
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Transport minister raises driverless car hacking concerns
The government is “mindful” of the threat posed by hackers to driverless vehicle technology and has suggested that future developments will require sophisticated encrypted protection.
Prospect of formal Quindell investigation raised in parliament
Pressure is mounting on embattled outsourcer Quindell after a former City minister posed a parliamentary question on whether the firm, its board and its advisers were being investigated or if any future probe was being considered.
Towergate sponsors London Broncos
Troubled broker to sponsor second division rugby league team the London Broncos for the next three years.
Berkshire Hathaway, Fosun and RSA: five leading 2014 Asia stories
Andrew Tjaardstra, Post's Asia editor, summaries five leading stories that made the headlines in Asia-Pacific over the year.