News
Law Commission drops third-party fraud project from reform programme
The Law Commission has confirmed strike-out legislation relating to third-party fraud will not be included in its 12th programme of law reform.
MIB hails continuous motor cover rules for Northern Ireland
The Motor Insurers’ Bureau has welcomed plans to consult on the introduction of a continuous insurance enforcement scheme in Northern Ireland, bringing the country in line with England, Scotland and Wales.
LV Broker unveils property investor cover
LV Broker has revealed a new cover for clients with large property portfolios in a bid to grow its commercial property offering.
Biba concerned by riot damages cap
The British Insurance Brokers' Association has expressed concern over the suggested cap on claiming compensation proposed by government in its overhaul of the Riot (Damages) Act.
SSP launches behavioural anti-fraud weapons
Software specialist SSP has unveiled a new anti-fraud solution that will tackle crooks through behavioural analytics.
IUA backs government cyber risk project
The International Underwriting Association has backed a new government project to promote better management of cyber risk.
Shell oil plant explosion leaves two injured
Two people have been injured in a fire after an explosion at a Shell oil plant in the Netherlands on Wednesday.
Claims Awards 2014 - winners announced
Ageas scooped two individual awards at the 2014 Post Claims Awards held in London last night (5 June).
Division of claims complaints costs unfair First 4 Lawyers says
Ministry of Justice proposals on how the Legal Ombudsman's costs for handling complaints against claims management companies are recovered disproportionately penalises those working in personal injury, First 4 Lawyers says.
AA planning £4bn IPO - reports
The AA's parent group Acromas is expected to announce a £4bn IPO of the insurer, according to reports.
JLT Specialty partners with Starr on solicitors' PI agreement
JLT Specialty has expanded its solictors' professional indemnity offering through a partnership with Starr Companies for four to 10 partner firms in England and Wales.
Expectations rise for FDI increase in India
Last week leading insurer CEOs in India met the new Finance Minister Arun Jaitley to give their views on the upcoming budget.
Dai-ichi Life buys Protective Life for $5.7bn
Japan's second largest life insurer Dai-ichi Life is purchasing 100% of Alabama-based life insurer Protective Life for ¥582.2bn ($5.7bn).
AIG names McNamee as Aubert's successor in UK MD role
Jacqueline McNamee will take over from Nicolas Aubert as AIG’s managing director for the UK.
Former Brit UK CEO Burrows departs Axa
The former chief executive of Brit Insurance UK has resigned his role non-executive director, ending a three tenure at the insurer.
Travelers Birmingham branch boss Holloway rejoins Axa
Axa has secured the return of Travelers’ branch development manager Mark Holloway, who will come back to the business he left in 2010 as the head of its Birmingham operation.
Bogus whiplash claims driving up motor premiums in East London
East London motorists are paying more than three times more for car insurance than their West London counterparts due to high numbers of bogus whiplash claims, according to research from accident camera company Smart Witness.
Aviva top of the pile for digital user experience in motor
Personal lines insurers are lagging behind price comparison sites in terms of digital user experience, financial technology company Instinct Studios has warned.
Catlin receives Lloyd's license from Dubai
Specialist insurer and reinsurer Catlin has established a presence in the Middle East through an office in Dubai.
Impact on premiums of ‘heroism' Bill questioned
The Social Action, Responsibilities and Heroism Bill, announced in the Queen's Speech, will have little impact on insurance premiums, according to insurance law firm Browne Jacobson.
DAS appoints BDM for Northern region
Legal expenses insurer DAS has appointed Audrey Henshaw as business development manager for the Northern region.
AIG's Kvarns joins Ace as Nordic claims manager
Ace Group has hired Elisabeth Kvarns to be its country claims manager for the Nordic region.
ING confirms float of European insurance business
ING has confirmed plans to float Dutch insurance and investment business NN group on the Euronext Amsterdam index.
Perils revises Windstorm Xaver loss estimate up by €32m
Independent Zurich-based loss data provider, Perils has disclosed its third loss estimate for windstorm Xaver.