News
ABI warns of financial hardship from Riot Act reforms
The Association of British Insurers has estimated for every £10 paid out in compensation after the London 2011 riots only £1 would be paid out under the reformed Riot (Damages) Act.
Gallagher adds two senior roles to growing Midlands division
Arthur J Gallagher has created two new regional management roles in the Midlands to drive growth in what is now its largest UK regional hub.
Novae profit rises despite rating and currency conditions
Novae Group has attributed a five percentage-point improvement to its combined ratio to 90.8% (H1 2013: 95.8%) in the first half of this year to a positive claims experience, resulting in an 89.4% increase in underwriting contribution to £19.7m (H1 2013:…
UK General offers protection against holiday home scams
Leeds-based insurer UK General has launched a policy protecting holidaymakers from unsatisfactory or non-existent holiday homes.
Evacuations ordered as Typhoon Halong approaches Japan
Half a million people have been ordered to evacuate from Japan's Shikoku island as Super Typhoon Halong approaches the shore.
Quindell shares down 12% on RAC deal rumours
Quindell’s share price has dropped 11.56% in one day’s trading after reports suggest a £100m telematics deal with RAC may have hit the rocks.
East England drivers UK’s worst says Aviva
Drivers in Aviva’s home territory of the East of England are among the UK’s worst according to figures produced by the insurer’s Drive smartphone app.
Covéa partners with VFM for fraud detection
Covéa has completed a deal with VFM to improve fraud detection across the insurer’s business.
RSA job cuts suggested by report
RSA is refusing to comment on a report suggesting it will announce "hundreds" of job cuts at its interim results on Thursday (7 August).
Chase Templeton continues growth strategy with three new deals
Private medical insurance group Chase Templeton has secure an additional £4.2m in annual premium income after completing three new deals.
Ex-Paymentshield CEO Johnson to lead Stackhouse Poland
Stackhouse Poland has appointed former Paymentshield chief executive Tim Johnson as group CEO.
Quindell denies RAC fall-out
Quindell has dismissed claims it has fallen-out with the RAC amid reports the roll-out of the companies' telematics joint venture has stalled.
Cunningham Lindsey hires RMA engineering team
Cunningham Lindsey has taken on RMA's engineering team which it calls a key development for the business.
Rehab code to be reviewed amid personal injury developments
The changing personal injury landscape has triggered the first review of the rehabilitation code in more than seven years.
Flood Re managing agent contract worth £6m per year
The tender for a managing agent for the Flood Re scheme has been published with an estimated annual contract value of £6m.
MoJ capping whiplash report costs at £180
The Ministry of Justice has laid out plans to limit the cost of whiplash medical assessment fees in England and Wales at £180.
Hiscox launches updated cyber product
Hiscox has launched an updated cyber and data insurance product giving more comprehensive cover.
Esure reports steady results as it unveils ABS plans
Esure profits have grown 0.4% for the first half of 2014 with chairman Peter Wood praising the group's disciplined underwriting in difficult market conditions.
Explosions in China and Taiwan kill scores
75 people died in a chemical plant explosion in Kunshan (Jiangsu province, China) and a gas pipe explosion killed 27 people in Taiwan.
Earthquake in China kills over 500; causes extensive damage
A magnitude 6.1 earthquake in Yunnan, a province in South China, killed at least 589 people and injured more than 1 800.
Miller replaces Clarke as SSP's head of Asia-Pacific
UK-based technology firm SSP has appointed Paul Miller as general manager, Asia-Pacific after Michael Clarke left the firm.
Enterprise and CHO clash over CMA complaint
Enterprise and the Credit Hire Organisation have crossed swords after CHO chairman Steve Evans wrote to the Competition and Markets Authority to demand an investigation into direct hire practices.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.
Over half of construction workers mistaken about employer insurance
Nearly 60% of UK construction site workers believe their employers must have insurance in place to pay their salaries and medical benefits if they are off work, despite such policies not being mandatory in the UK.