News
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.
Insurers to face 'soaring' VAT bills following ECJ ruling
A ruling from the European Court of Justice is likely to add hundreds of millions to European insurers’ VAT bills, according to tax experts.
IFR promises ‘rapid action’ on broker engagement
The Insurance Fraud Register is targeting increased participation from distributors as a high priority according to Axa’s global head of fraud and IFR project sponsor Richard Davies.
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
Applied Systems unveils updated customer portal product
Insurance technology company Applied Systems has unveiled the latest version of its client portal product to be used in the UK.
IFB to launch small broker model in October
A new model designed to bring small brokers into the Insurance Fraud Bureau will be launched on 1 October.
Independent Scotland would face higher infrastructure funding costs, warns Wilson
Aviva group chief executive Mark Wilson has warned that Scotland will face higher costs to access infrastructure funding if it opts to leave the union.
Moore Stephens hires ex Mazars insurance partner
International consultancy firm Moore Stephens has appointed Omar Ripon as partner in its insurance industry group.
Chubb syndicate expands into accident and health
Chubb Syndicate 1882 at Lloyd’s has expanded its product offering with the addition of accident and health business.
Touchstone prepares first product launch on e-trading platform
Touchstone Underwriting will launch the first of its online products onto its e-trading platform on 1 October, ahead of plans to introduce a raft of additional web-based offerings.
Barnsley warehouse fire costs Asos up to £30m in lost sales
An Asos warehouse fire that damaged thousands of pounds of stock has cost the company up to £30m in lost sales after the online retailer was forced to suspend orders.
Application fraud inflates annual insurance bills by £50, claims ABI
The Association of British Insurers is backing the development of schemes such as the Insurance Fraud Register and the My Licence initiative as a way of clamping down on rising application fraud.
Water infrastructure investment booming in Hong Kong
The Hong Kong government is growing its investment in water infrastructure at a rapid pace according to AIG.
ABI calls for PI regulation exclusion for in-house fraud teams
The Association of British Insurers has argued that planned regulation of private investigators should not apply to insurers’ in-house fraud investigation teams.
Insurers braced for disappointment as CMA motor report deadline approaches
Disparity between credit hire and direct hire costs among most contentious issues
RSA senior staff exodus all part of the plan for Hester as cutbacks continue
Tara Kneafsey and Paul Greensmith are latest senior figures to leave the insurer
Brit launches cyber cover for critical infrastructure operators
Global specialty insurer Brit has developed a new product designed to protect companies operating critical infrastructure and industrial machinery from malicious attacks.
Biba to create voluntary code of conduct following member vote
The British Insurance Brokers’ Association has taken the first step towards developing a voluntary code of conduct by re-establishing its working group.
Gallagher hires Clear boss Taylor as UK MGA sales director
Arthur J Gallagher has appointed Simon Taylor as sales director for its UK MGA division, a newly created role to span the 10 MGAs brought together under the Pen Underwriting brand.
Ex-RSA regional director Withers to head real estate at Covéa
Covéa Insurance has hired former RSA property investors unit regional director Chris Withers for the role of real estate leader.
Advisen founder Ruggieri to lead CGSC in North America
Cooper, Gay, Swett & Crawford has appointed Advisen founder Thomas Ruggieri as chief executive and president of its North American operations.
UK sharing economy tipped to hit £9bn by 2025 as Biba plans insurance guide
The British Insurance Brokers’ Association will create a guide for sharing companies and brokers by the end of this year in a bid to remove barriers to writing business in the sector.
Hong Kong Observatory issues T8 warning
Many businesses were closed across Hong Kong on Tuesday morning (16 September) with the Hong Kong Observatory keeping a typhoon eight warning in place.
QBE releases web portal for SMEs in Hong Kong and Singapore
QBE's insurance portal QBE Qnect will enable intermediaries in Singapore and Hong Kong to transact SME insurance online.