News
Lancashire Group goes live on Sequel Impact
Lancashire Group has bought and gone live on Sequel's risk exposure and aggregation product Impact.
Assurant Intermediary teams up with LV Broker on home product
LV Broker has launched its ABC home insurance offering on the Assurant Intermediary product platform as part of a partnership arrangement with the firm.
Novae hires Alderton to lead new unit
Novae Group has appointed William Alderton as unit head of its newly formed international property binder unit.
Axa reports 33% earnings increase for UK business
Axa UK and Ireland recorded a 33% increase in underlying earnings for the first half of 2014 to £118m from £89m the year prior.
DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
SSP offers telematics mobile app in Australia and New Zealand
Technology house SSP is to offer a smartphone telematics app via technology from Wunelli.
Youi expands into New Zealand
South Africa-owned car and home insurer Youi has entered the New Zealand market.
ABI slams 'excessive' claimant lawyer costs following meso report
The Association of British Insurers has said claimant lawyers have “difficult questions to answer” about why they do not support lower legal costs following the publication of the Justice Select committee’s report on mesothelioma claims.
Justice Committee condemns Government meso claims review
The Justice Select Committee has called on the UK Government to undertake a fresh consultation into the way mesothelioma claims are handled under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Crawford appointed to Eastbourne Pier fire
Adjusting giant Crawford has been appointed to investigate the fire that wracked Eastbourne Pier yesterday.
Euler Hermes net income up 4.1% for H1
Trade credit insurer Euler Hermes has recorded net income up 4.1% for the first six months of 2014.
Markerstudy recruits Sandy Dunn for group role
BDML Connect founder Sandy Dunn is to join Markerstudy as group markets development director.
ERS reports profit for first time since 2009
Insurer ERS has recorded a half year profit for the first time since 2009 improving its 2013 Q2 result by £25m.
Weather claims eat into Lloyds GI COR as income slips by £54m
Lloyds Banking Group’s general insurance business has attributed increased weather claims in the opening two months of the year to a decline in the unit’s combined operating ratio to 80% in the first half of 2014 (H1 2013: 69%).
Axa Assistance to provide motor breakdown cover for consumer site
Consumer insurance website Surewise.com has partnered with Axa Assistance to provide its motor breakdown offering.
Endurance terminates Aspen acquisition offer
Endurance Specialty Holdings has terminated its offer to acquire Aspen Insurance Holdings.
Green promoted to FCA GI director
The Financial Conduct Authority has promoted Simon Green to director of general insurance and protection.
Xchanging sees £65.6m drop in net revenue
Net revenue at business processing provider Xchanging dropped to £205.1m in the first half of 2014 down from £270.7m in the same period for 2013.
XL's Sharp moves to Asia as food scandals rock global brands
Ben Sharp, a product recall underwriter at insurer XL, has relocated to Singapore from London as appetite for the product increases.
Aon appoints chief information officer
International broker Aon has named John Bruno as chief information officer and executive vice president of enterprise innovation.
Independent oversight body formed in Australia
In Australia a new independent body has been created that will oversee the revised General Insurance Code of Practice.
RSA hands Motability reins to South director Gibbs
RSA has named its regions South boss Rob Gibbs as its new director for RSA Motability as part of a commercial lines reshuffle.
Government's 2015 driverless car target 'ambitious' says Thatcham
News that the UK Government has pledged £10m to help fund public road trials of driverless cars has been welcomed by the insurance industry’s motor research centre Thatcham.
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.