News
Hastings sees year-to-date profit jump 31%
Hastings has reported a 31% boost in adjusted group profit before tax to £51.8m for the nine months ended 30 September 2014.
Ecclesiastical recruits Towergate Lancaster boss to helm Northern operations
Ecclesiastical has named Towergate Lancaster and Alker Insurance managing director Francis Carroll as its new regional director for the North.
Axa Assistance launches total loss product
Axa Assistance has launched total loss protection insurance for insurers and brokers to address delays and financial losses associated with motor write-off claims.
Increased M&A activity predicted among MGAs
Merger and acquisition activity in the managing general agent sector is set to take-off with 40% of UK MGAs either currently involved in mergers and acquisitions or planning to pursue such opportunities during the next three years, according to a survey…
Thistle raids Towergate for string of hires
Thistle Insurance Services has recruited Towergate Direct interim CEO Amanda Walton as its retail managing director alongside a string of management changes at the business.
Axa launches 14 guides to boost claims transparency
Axa Commercial Lines and Personal Intermediary has launched its claims transparency initiative, called Making Claims Clear.
Towers Watson makes two senior appointments in Asia
Towers Watson has made two senior insurance management appointments in Asia.
RSA appoints Cucchiani as NED
RSA has appointed Enrico Cucchiani as a non-executive director joining the risk and remuneration committees.
Insurance execs should be 'grateful' to avoid PRA's banking approach
Insurance executives should be grateful the proposed introduction of a senior insurance managers regime by the Prudential Regulation Authority is not as stringent as the rules facing bankers, according to one legal expert.
Nine arrested in £450k Ifed household claims investigation
The Insurance Fraud Enforcement Department has swooped to arrest nine men and women across England as part of an investigation into £450,000 worth of household insurance claims.
DWF returns to Greenwoods to swoop for large loss PI team
Law firm DWF has recruited a specialist catastrophic and large loss personal injury team from Greenwoods to bolster its 1000-strong national insurance practice.
PRA consults on regulatory regime for insurance bosses
The Prudential Regulation Authority is consulting on introducing a senior insurance managers regime to ensure those running regulated insurance companies behave with integrity, honesty and skill.
Lime Underwriting PI and D&O exit opens door for Ascent
Ascent Underwriting has entered the UK and Irish professional indemnity and directors and officers markets following the recruitment of Lime Underwriting's managing director and two other specialists.
Seventeen inks Clydesdale debt refinancing deal
Seventeen Group has agreed a deal to refinance its debts with Clydesdale Bank, allowing the firm to target new acquisitions.
Quindell's Moorse sees share deal terminated
Quindell group finance director Laurence Moorse has failed to meet margin call on the controversial share purchase agreement with Equities First Holdings.
Fairchild says Broker Network 'not complacent' about competitors' tactics
Towergate-owned Broker Network has sent a firm message to its competitors saying it is aware they will be looking to incentivise its members with short-term offers.
Insurers to remain reliant on Pool Re in face of large potential losses
Insurers are likely to continue to participate in Pool Re despite the proposed levy increase, according to a briefing from AM Best.
African reinsurer One Re gets UK regulatory approval
One Re, a reinsurer focusing solely on business from Africa, has received approval by the Prudential Regulation Authority and the Financial Conduct Authority.
Acturis reaches 12,000 users
Software provider Acturis has passed the 12,000 user mark and has grown its user-base by 20% since October 2013.
JLT gains approval for Indian joint venture
Jardine Lloyd Thompson is set to launch its operations in India following this summer's acquisition of a 26% stake in Sunidhi group's Independent Insurance Brokers.
Biba launches sharing economy guide
Aon, Higos, Bluefin and Towergate are among the brokers that have signalled they can place risks for businesses operating within the sharing economy, according to the British Insurance Brokers' Association.
ABI dismisses CHO claim to MPs that Ifed acts as ‘private police force’
CHO concerned crimes that impact on society are not being tackled
Motor firms warned rates need to go up 10% to restore sector’s profitability
Underwriters face net combined ratios of 112.% in 2015
Redburn appointment hints at piecemeal Towergate sale
Executive chairman claimed group would be sold as a whole