News
Soundbite: Listen to Inga Beale reflect on Lloyd's and the need for innovation
Speaking at Marsh's seventh annual client event on 25 November, Lloyd's CEO Inga Beale said the London market must continue to innovate as it has in the past.
Marsh boss Weil plotting contract efficacy drive
Marsh is to unveil a new drive to improve the effectiveness of commercial insurance contracts from next week.
Marsh unveils Pool Re alternative terrorism facility
Marsh has unveiled a new UK terrorism facility to provide cover to clients with commercial property assets in the UK.
Chase-Gardener leaves Brightside
Brightside co-founder Paul Chase-Gardener has retired from his role as commercial director at the broker.
Fraud most prevalent among under 21s, according to VFM
Claims statistics produced by VFM Services over the past three years has shown that fraudsters are most likely to be aged under 21.
Expertise in Action Video: Ian McManus & Steve White on training, succession planning and channel differentiation
Given the competitive insurance landscape it is important brokers do not only invest in their employees to maintain a skilled upwardly mobile workforce, but also articulate their value to customers.
Assurant Solutions launches connected home division
Assurant Solutions has launched a division to offer protection for people living in connected homes.
Aviva shares drop after Friends Life announcement
Aviva saw its share price decline more than 5% in a single day after it announced it was in acquisition talks with Friends Life.
Counter-Terrorism Bill to go to parliament tomorrow
Home secretary Theresa May cited UN estimates that ransom payments raised up to £28m for militant group the Islamic State of Iraq and the Levant in the past 12 months as she yesterday announced intentions to ban ransom insurance payments.
Mixed results for Japan's general insurers in first half
For the period April to September, two of Japan's three major general insurers booked record profits but another saw profits fall 47.1%.
Chinese insurer buys Sydney's Sheraton on the Park
Sunshine Insurance has splashed out A$463m (£254m) on the iconic Sydney hotel.
SSL Loss Adjusting enters administration
Northampton-based SSL Loss Adjusting has entered administration, Post understands.
Sources play down Advent's growing Towergate holding
A reduction in Peter Cullum’s shareholding in Towergate to just 20% has been played down by a source close to the broker, who linked the move to the broker’s falling earnings.
Halifax makes emergency payment following Southampton explosion
Loss adjusters from Lloyds Banking Group’s Halifax business are dealing with claims in the aftermath of a suspected gas explosion at a family home in Southampton last week.
Skuld extends London P&I offering
Skuld now has the capability to offer all of its P&I products from its office in London.
Airmic throws support behind Pool Re modernisation plans
Risk management association Airmic has claimed plans to modernise Pool Re will make the terrorism reinsurance scheme more attractive to business as well as diversifying its risk base.
One in 10 know a fraudulent whiplash claimant, Axa finds
One in 10 respondents to an Axa report admitted to either making, or knowing someone who has made, a fraudulent whiplash claim.
Arista names Leeds-based regional manager
Towergate-owned managing general agent Arista has recruited a new regional trading boss for the North East in the shape of a former UK General sales manager.
Price Forbes looks to Willis for accident and health hires
Price Forbes & Partners has launched an accident and health division as well as appointing Richard O'Brien as head of the area.
Insurers' ransom payments to be banned in Bill
A legislation change that will prevent insurers from making ransom payments to terrorist groups is expected to be announced today.
Devitt and LV Broker partner on motorcycle offering
Motorcycle insurance broker Devitt Insurance Services and LV Broker are launching a scheme for the motorcycle trade.
Weekend earthquakes rock Sichuan and Nagano
Two earthquakes over the weekend have caused extensive damage in China and Japan.
Aviva and Friends Life in takeover talks
Aviva and Friends Life have confirmed they have reached an agreement on the financial terms of a share combination of the two companies.
Moody’s raises default warnings in Towergate ratings
Moody’s amended its ratings to reflect an increased likelihood of Towergate defaulting, while also lowering ratings for bonds issued by the broker.