News
Almost 40,000 claims from Brisbane storm
Last week's supercell storm in Brisbane has led to 39,677 insurance claims and will cost insurers over A$200m (£108m).
Markel hires two to financial risks division
Markel has made two appointments in its financial risks division including hiring Catlin's Martin McCarron as financial institutions head.
Towergate bondholders declare support
A group of Towergate’s creditors have declared their support for the embattled business as it seeks to resolve its future.
Brightside tipped to dip into £350m warchest for 2015 acquisitions
Brightside is poised to make multiple acquisitions next year from a £350m fund, according to a well-placed market source.
Four men jailed in Operation Catcher crash-for-cash case
Four men have been jailed for a total of nine years at Croydon Crown Court for their roles in fraudulent insurance claims totalling more than £290,000.
Towergate bondholders appoint advisers Moelis & Co
Moelis & Co has been appointed as an adviser by Towergate's secured bondholders in advance of talks with the consolidator about its £1bn debt, according to reports.
Towergate Underwriting CEO responds to concerns on broker ties
Towergate Underwriting CEO Clive Nathan has admitted concerns that he could lose further brokers in the wake of Arthur J Gallagher deciding to cut ties with the embattled business.
Fitch predicts more consolidation among smaller European insurers
Merger and acquisition activity among smaller European insurers is likely to gather momentum as the countdown to Solvency II continues and profitability remains under pressure, according to Fitch Ratings.
Lords holds first evidence session on Insurance Bill
The House of Lords new Special Public Bill Committee on the Insurance Bill will hear from government Minister Lord Newby in its first evidence session next week.
Rates down 2.8% in Q3 as buyers increasingly access global capacity
Global insurance rates fell by 2.8% in the third quarter of 2014, compared with the same period in the previous year, according to Marsh's global insurance index.
AIG re-hires CNA regions boss Somers to help boost non-London GWP
AIG is pushing ahead with plans to bolster its regional presence across the UK with the appointment of CNA Insurance’s head of UK regions Phil Somers.
Insurance Europe unveils new committee chairs
Insurance Europe has revealed the new leadership of its committees, handing a leading role to Lloyd’s head of government policy and affairs Alastair Evans.
Digital Insurance and Technology Awards 2014: Winners Revealed
Post’s Digital Insurance and Technology Awards took place last night at the Royal Garden Hotel in London. The event recognised the increasing role that technology plays in enabling those in the insurance industry to streamline their processes, innovate,…
Blackpool and Crewe among areas with highest drink-driving convictions on motor policies
Llandrindod Wells and Blackpool have been named as the top two postal areas for drivers with drink or drug-driving convictions on their car insurance policies, according to research from aggregator Money Supermarket.
Customer loyalty obtainable for UK insurers if 'fair value' is provided
Insurers have been advised to focus on building long-term relationships in order to retain policyholders after a survey by Consumer Intelligence showed customers do not want to shop around annually.
Austbrokers becomes largest broker network in New Zealand
Austbrokers has bought broker network BrokerWeb Management in New Zealand.
Thousands of claims after huge hailstorm hits Brisbane
Insurers have received over 8,000 claims after a huge hailstorm yesterday in Australia's third largest city.
Quindell denies CMC contract loss reports
Quindell has denied reports that it has lost a contract worth 1000 personal injury claims a month, or that staff will not be paid before 2015.
Allianz tweaking commercial branch network for 2015
Allianz has created a new region for its UK commercial branch network, bringing together two existing locations in Central and East England
Gallagher branded ‘cynical’ and ‘opportunistic’ over Towergate axe
Arthur J Gallagher has been accused of being “cynical” and “opportunistic” in its move to limit business being placed with Towergate Underwriting, citing concern over the health of the business.
Brokerbility expands Scottish footprint as Spence Insurance joins
Spence Insurance Services has become the latest Scottish firm to join independent broker network Brokerbility.
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.