News
CHO charter unlikely to garner ABI support
The Association of British Insurers has said it would be unlikely to sign up to the Credit Hire Organisation consumer charter due to practical and legal concerns about the document.
Underwriting Service Awards 2014: Winners revealed
Last night saw the fifth annual Underwriting Service Awards take place at the Royal Garden Hotel.
Ageas retail boss Cliff heads to Brightside
Brightside Group has named Ageas Retail CEO Mark Cliff as its new executive chairman, subject to regulatory approval.
China Re starts standalone Lloyd's syndicate
China's largest reinsurer has gained permission for Syndicate 2088 to be a standalone reinsurance entity to be managed by Catlin Underwriting Agencies.
Ageas adds three to specialist motor underwriting team
Ageas has created three new roles in its specialist motor underwriting team, filling the vacancies with recruits from Brightside, ERS and its own technical motor unit.
Insurance Technology 2014: Industry needs more 'digital evangelists'
The insurance industry needs a few ‘digital evangelists’ to cause a paradigm shift in boardroom attitudes to technology, according to panelists at Post’s Insurance Technology 2014 conference.
CHO lobbying MPs on concerns Ifed acts as ABI's 'private police force'
The Credit Hire Organisation has contacted members of parliament over its allegation the Insurance Fraud Enforcement Department will only accept cases referred to it by the Association of British Insurers.
Insurance Technology 2014: Insurers must find right 'currency' to widen telematics appeal
Incentive-based telematics schemes can go beyond the young driver market, but insurers must choose the right “currency” to appeal to different demographics, according to SSP’s head of data services strategy Adrian Coupland.
Insurance Technology 2014: Telematics integration must appeal to customer
Technological innovation in the telematics space is worthless unless it appeals to the end consumer.
MoJ opens consultation on hiked CMC fees
The Ministry of Justice has opened a new consultation into the regulation fees paid by claims management companies for the 2015/16 regulation year.
Towergate Underwriting director Lawrence to lead Direct Insurance MGA
Lloyd’s broker Direct Insurance Group has hired Towergate Underwriting sales and marketing director Tony Lawrence to lead its new managing general agent Imperium Insurance.
Interim Towergate boss resigns as non-exec chairman of Serco
Alastair Lyons’ temporary leadership of Towergate has coincided with his resignation as non-executive chairman of outsourcing company Serco.
Dates announced for dissolution of parliament and general election in 2015
The Leader of the House has announced that, subject to the progress of business, the last sitting day of parliament before the dissolution prior to the General Election will be on Thursday 26 March 2015.
Quindell share price climbs on Nationwide Accident Repair exit denial
Quindell has rejected suggestions it is planning to sell its holdings in a repair services provider, bolstering the troubled firm’s share price in trading today.
Fitch downgrades Towergate to B-
Fitch Ratings has downgraded Towergate to B- and placed the consolidator's rating on rating watch negative.
Nick Parsons appointed Foil president
Browne Jacobson partner Nick Parsons has been appointed Forum of Insurance Lawyers president for the coming 12 months.
2% rate rise in 2015 not enough to spark motor profitability, claims EY
Next year has been billed as the beginning of a trend in rising motor premiums by advisory firm EY, yet a predicted average 2% rise in 2015 will be below the rate of claims inflation.
Standard Club members face 5% premium hike
Shipping mutual The Standard Club has revealed a 5% general increase in Protection & Indemnity premiums for the 20 February 2015 renewal.
Claims Awards Asia 2014: The winners
On 19 November the Asian claims community gathered to celebrate claims excellence at an awards ceremony in Hong Kong.
Insurers too slow in bringing products to market, states report
Insurance companies are too slow taking new products to market and struggle to keep pace with evolving consumer demands, according to the majority of industry marketing professionals surveyed by Target Group.
Marsh tipped to lead Towergate bidding
Some of the UK’s largest brokers have been floated as potential bidders for Towergate, with Marsh favourite among some observers.
Martinez and Partners to enter professional indemnity market
Basingstoke-based broker Martinez and Partners is to launch stand-alone professional indemnity products for architects, surveyors and accountants in 2015.
CGI awarded My Licence contract as insurers wait to use system
CGI has contracted with the Motor Insurers' Bureau to deliver the My Licence hub to insurers as the system is reportedly being rolled-out across the industry.
Amlin GWP climbs 4.2% for YTD
Amlin has recorded a 4.2% increase in gross written premium to £2.29bn for the nine months ended 30 September (9M 2013: £2.20bn), despite a year-on-year drop in the firm’s UK quarterly GWP from £269.6m to £257.4m.