News
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Lloyd's mulls move from Rogers building over design 'frustrations'
Lloyd's of London could leave its iconic Richard Rogers-designed premises because of frustrations with its design, according to reports.
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
Towergate Q1 losses increase to £27m
Towergate has seen made an expanded pre-tax loss of £26.6m for the first three months of the year, up 41% from last year’s equivalent figure of £18.9m.
65 roles at risk as DAC Beachcroft shuts Manchester office
DAC Beachcroft’s claims validation team is to vacate its Manchester-based office in a move that will put around 65 jobs at risk.
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
National Accident Helpline enters London Stock Exchange
Shares in claims management firm National Accident Helpline have begun trading on the London Stock Exchange’s AIM market.
TV fraud on the rise in lead-up to sporting summer warns VFM
Insurers must be on the alert over the next couple of months, as fraudulent claims for televisions have risen significantly in the run up to this year’s sporting summer, counter-fraud Specialist, VFM Services, has warned.
Ageas moves retail brands to CDL Strata
Ageas is moving all of its personal lines retail brands to software provider CDL's Strata product.
Esure IPO highlights UK prominence in private equity domain
The UK has asserted itself as a key market for private equity activity, according to a study by international law firm White & Chase.
Profits climb at three largest Japanese general insurers
Japan's three largest general insurers have all reported a healthy increase in profits for the year ending 31 March 2014.
Balkans flooding to cost billions of euros
The European Bank for Reconstruction and Development estimates the cost of damage as the result of horrific flooding will be well over €2bn.
Cost of fraudulent claims rose by 18% in 2013, says ABI
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to the Association of British Insurers.
Hanks joins Jelf Group board as NED
Jelf Group has appointed Chris Hanks as non-executive director adding to his role as chairman of Jelf's broker network Purple Partnership.
RTA Claims Portal to charge claimant reps £2 per notification
Claimant representatives will be expected to pay a fee to use the RTA Claims Portal from the end of next year.
More Than MD Connor departs to lead AA Insurance
The AA has hired More Than managing director Janet Connor to take on the newly created role of MD of its insurance business.
Saga floats on main market of LSE
Shares in over-50s insurance specialist Saga were today admitted to trading on the London Stock Exchange.
Hiscox Re appoints Krefta as CUO
Hiscox Re has appointed Mike Krefta as chief underwriting officer, with responsibility for its underwriting teams in London, Bermuda and Paris.
Cunningham Lindsey recruits Davies duo for major loss team
Cunningham Lindsey has recruited an adjuster and a surveyor in the UK, swooping to take the duo from Davies.
Willis completes Charles Monat acquisition
The Monetary Authority of Singapore has approved Willis' acquisition of Asia-based specialist broker Charles Monat.
Bennett to serve as Howden NED following retirement
Former Howden Lloyd's broking business chief executive John Bennett has decided to retire from his full time role at the Hyperion subsidiary after more than 30 years in the insurance industry.
Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
MH370 not in Indian Ocean search zone, says Australian authorities
An extensive under water search by Australia for the missing Malaysian airplane MH370 has not found any wreckage.
Thailand military relaxes curfew
The Thai military which is in charge of the country following a coup has relaxed the country wide curfew to midnight to 4am from 10pm to 5am.