News
Open GI recruits commercial product specialist from Blackpool broker
Open GI has bolstered its product management unit by recruiting commercial product specialist Sara Noble from Blackpool-based Central Insurance Services.
UK insurance industry ranks lowest in Europe for customer trust, finds EY
Consumer trust in insurance providers was lower in the UK than any other European country and 50% below the global average, according to research from EY.
Charles Taylor unhampered by large claims drought
Charles Taylor has reported performance in line with expectations, in spite of a drop off in numbers of large commercial losses.
Money Supermarket sees 15% Q3 insurance revenues boost
Price comparison website Money Supermarket saw insurance revenues grow 8% to £106m for the nine months ending 30 September 2014.
Flats broker Deacon launches online quote and buy offering
Arthur J Gallagher’s specialist blocks of flats broker Deacon has pumped more than £65,000 into creating its first online quote and buy website for smaller blocks of up to 20 flats.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Rolling Stones in legal battle over cancelled Australia concerts
The Rolling Stones are in a legal battle over a payout in lost earnings for their cancelled tour dates in Australia and New Zealand.
Hyperion and Willis to spearhead raft of M&A activity in London Market
IPO said to be in the offing after RK Harrison deal gives scale
Report issues warning to London over threats posed by emerging markets
Market must ‘take notice and implement changes’ to compete in future
Personal injury claims on the up in motor as hearing loss claims rise too
Analysts predicting full year squeeze on profitability after Q3 results
Insurers warned to be choosy over increased private prosecution appetite
Private prosecutions ‘have a place’ in the industry’s ‘armoury’ against fraud
ABI signs joint letter on driving licence reform as government progress stalls
Ethics around restricting driving and passengers could be blocking progress
Bus crash fraudsters sentenced in £500,000 QBE claim attempt
Two crash-for-cash fraudsters that "meticulously planned" an attempt to claim £500,000 from QBE were sentenced today in the Manchester Crown Court.
Specialist ABS launches for clients with spinal cord injuries
A new legal Alternative Business Structure has been created by a partnership between national spinal injury charity Aspire, and personal injury firm Moore Blatch solicitors.
Fraud 2014: Met insists fraud still on agenda despite Catcher demise
The head of the Metropolitan Police team charged with tackling crash-for-cash fraud has reassured insurers it will continue to take on investigations, despite falling victim to cost-saving measures within the force.
Fraud 2014: Government data security rules mean major challenges for My Licence
The government’s “incredibly restrictive” approach to personal data security has provided a major challenge for those working on the My Licence project, according to Driver and Vehicle Licensing Agency CEO Oliver Morley.
Fraud 2014: Defendant parties prioritised to assist with IFB strategy
Representatives from the defendant lawyer community will be part of the project teams tasked with ironing out the details around the Insurance Fraud Bureau’s five-year strategy, while question marks remain around whether claimant parties will be involved.
Fraud 2014: Insurers accused of making a ‘crisis’ out of fraud for own industry gains
The industry needs to work harder at collaborating to combat insurance fraud, including building strategic relationships with non-insurer parties, according to panellists at the Post Fraud 2014 event.
Zurich mulls closure of defined benefit pension scheme
Global insurer Zurich is planning an overhaul of the benefits provided to UK employees which would see the closure of its final salary pension scheme.
Marsh appoints Cormier as head of product development
Broker Marsh has appointed Michael Cormier as head of portfolio development.
Aviva's Tulloch to chair ABI General Insurance Council
Aviva UK and Ireland general insurance CEO Maurice Tulloch has been appointed chairman of the Association of British Insurers' General Insurance Council management committee.
Insurance industry failing to win over business students
The insurance industry’s lack of appeal to business students could impact the sector’s future success, according to a study carried out by business advisory firm Deloitte.
Price softening opens door for smaller Lloyd's syndicates to grab market share
Catlin Group’s primary syndicate remains the leading Lloyd’s syndicate in terms of 2013 gross written premium, although its top spot could be under threat as other operations seek to obtain fresh market share.