News
Helphire unveils Redde rebrand
Helphire is to change its name to Redde in a bid to better reflect its range of accident management offerings.
Charity non-liable for trespassing accident rules High Court
A charity will not be held liable for injuries sustained by a trespassing woman who fell into a four metre ditch at the side of a visitors’ car park.
IBSC launches code of conduct
The Insurance Brokers' Standards Council has today launched its code of conduct for the more than 1000 brokers already signed up to the body.
Liechtenstein-based Gable to write UK motor business
Gable Holdings has received approval to underwrite three classes of motor insurance in the UK.
Stackhouse Poland acquires Liverpool broker Coulter Hurst
Independent broker Stackhouse Poland has acquired Liverpool-based firm Coulter Hurst & Company.
Lloyd's presence adds 50% to Lancashire GWP in Q1 as new CEO steps up
Lancashire Holdings recorded a combined operating ratio of 66.4% in the first quarter of 2014 (Q1 2013: 51.2%) as no major losses were added to a late reported energy claim that adversely impacted the firm’s full year results.
Allianz kicks off commercial growth plan with broker proposition
Allianz Commercial has launched a wholesale and retail proposition to the UK broker market; the first in a series of planned moves to increase its footprint in the mid-corporate sector.
RSA promotes Hirst to mid market role
RSA has appointed Paul Hirst as mid market regions director leading a team of 450 staff.
Benelux gets telematics solution from Risk Technology
Telematics provider Risk Technology has partnered with insurance solutions company Chipin to launch a pricing usage based insurance and fleet telematics solution in the Netherlands, Belgium and Luxembourg.
AA launches comprehensive household product
The AA has launched a home insurance policy offering unlimited cover for buildings and contents as well as increased cover for personal possessions.
Labour MPs considering PI fears for SME manifesto
Labour MPs are weighing the inclusion of employers' fears on workplace personal injury claims in the party's upcoming SME manifesto, following an Axa report on 'compensation culture'.
QBE appoints Simpkin chief information officer
QBE has appointed of Malc Simpkin as chief information officer.
Seven Quindell directors boost shareholding
Seven directors of outsourcing firm Quindell have bought shares in the company since Monday following volatility in the stock after the “defamatory” note released by Gotham City.
VRS Vericlaim to buy Ellis May
VRS Vericlaim is to acquire high net worth adjuster Ellis May, taking on 39 new staff in offices in Uxbridge, Leeds and Birmingham.
Hodges defends merits of network model following 2013 earnings slump
Towergate boss Mark Hodges has denied appetite for networks is dwindling and has tipped his own network division to bounce back this year in the wake of an almost 50% decline in earnings in 2013.
Germany set for direct business expansion
German insurers are set to benefit from a boosted proportion of direct business, according to a report from Fitch.
Willis profits rise in Q1 despite 'disappointing' global performance
Willis Group chalked up a 4.4% increase in revenues of $1.1bn (£652.5m) in the first quarter of 2013 alongside a rise in profit of $246m (Q1 2013: $219m).
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Towergate earnings slide 7% in 2013 as pre-tax losses hit £41m
Towergate saw its operating earnings drop 7% to £144.9m last year (2012: £156.2m) as profit within the consolidator’s Broker Network division plummeted 42%, with underwriting, Paymentshield and insurance brokers all contributing to the fall.
Peak Re forms Australian partnership
Peak Re and Sydney-based reinsurance consultancy MacquarRe have signed a co-operation agreement.
New Zealand regulator delays IAG Wesfarmers decision
The New Zealand regulator has once again delayed a decision on approving Insurance Australia Group's acquisition of Wesfarmers' underwriting division.
FWD opens in the Philippines
Hong Kong-based life insurer FWD to set-up in the Philippines.
Chinese regulator examines intermediary market
The China Insurance Regulatory Commission is attempting to clean up the intermediary market in the country.
ABI tracker reports 3% drop in quarterly motor premium rate
Data from the Association of British Insurers’ motor insurance premium tracker shows premiums in Q1 2014 fell 3% on the previous quarter.