News
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Junction extends Post Office partnership
BGL's partnership and affinity business Junction has completed a deal to extend the length and breadth of its work with the Post Office.
Daley handed Plum board role
Plum's head of underwriting and claims has been handed a new role as board director.
Video - Octo Telematics: Telematics - an attractive proposition
According to research from the British Insurance Brokers’ Association, the number of live telematics policies increased by 116 000 between 2012 and 2013. While the number of telematics providers also increased from 10 in 2012 to 15 in 2013.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
Motorists 'too trusting' of their cars
Drivers have too much faith in their vehicle's ability to deal with floods and bad weather according to Be Wiser insurance.
CMS report highlights surge in warranty and indemnity M&A activity
Warranty and indemnity insurance is becoming a prominent feature of mergers and acquisitions activity in Europe, according to a study conducted by international law firm CMS Cameron McKenna.
Besso fine is 'stark reminder' of costs of non-compliance
The fine incurred today by Besso should serve as a cautionary tale for other brokers according to Anton Luck, partner at accountancy firm Moore Stephens
Osborne unveils tax changes and pensions overhaul
George Osborne unveiled a raft of tax changes in the 2014 Budget which he claimed made Britain “the most competitive business tax regime in Europe”
Irish insurer launches bicycle theft product
Irish insurer Blue Insurances has launched a bicycle theft product for cyclists.
Miller recruits from Asia Capital Re to develop regional reinsurance book
Miller has recruited a non-marine treaty reinsurance specialist from Asia Capital Re to bolster its presence in Asia.
Osborne pledges £140m for flood defences
Chancellor George Osborne has promised £140m of funding towards flood defences following the storms and floods which wracked the UK over winter.
Charles Taylor pre-tax profits inch up after adjusting growth
Charles Taylor has seen its full year figures climb after its adjusting business saw operating profits jump by more than 75%.
Allianz confirms missing plane payment
Allianz has confirmed that it has made payments to Malaysia Airlines over missing flight MH370.
Howden to acquire Colombian reinsurance broker
Howden has completed a deal to acquire a Bogota-based reinsurance broker, pending regulatory approval.
Fitch predicts pressure on Flood Re due to public funds uncertainty
Uncertainty around UK government spending on flood defences could lead to Flood Re facing higher-than-expected claims in the future, according to Fitch Ratings.
Besso fined £315 000 by FCA
Broker Besso has been fined £315 000 by the Financial Conduct Authority for failing to take reasonable care to maintain controls against the risks of bribery and corruption.
Prettejohn linked with Lloyds Bank non-exec seat
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
Aviva contents claimants offered Amazon gift certificates
Aviva is talking up the benefits of a partnership with Amazon that enables the insurer to provide gift certificates to policyholders who have lodged contents claims within 90 seconds via text or email.
Towergate acquires four regional broking operations
Towergate chief executive Mark Hodges has heralded continued “acquisition momentum” in 2014 after agreeing deals to take on four regional broking businesses.
BLM joins forces with Scottish firm
Insurance law firm Berrymans Lace Mawer is joining forces with Scottish firm HBM Sayers in a deal expected to complete on 1 May.
AGCS elevates Mack to chief claims officer
Alexander Mack has been appointed to the newly created chief claims officer role on the Allianz Global Corporate and Specialty management board.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Personal lines brokers told to shore up data defences after Aviva breach
PRA and FCA expected to increase scrutiny of data protection systems.