News
Fleet broker fitting all vehicles with cameras
Motor fleet broker Just Fleet is to become the first business to fit all vehicles with front-facing accident cameras.
ABI responds to Which? insurance campaign
The Association of British Insurers has responded to a Which? reported urging insurers to be more transparent on pricing at renewal by stressing that price is not the only factor to consider.
LMA demands rapid Competition Commission progress
The Lloyd’s Market Association is pushing for speedy reforms from the Competition Commission’s investigation into motor insurance, suggesting the body circumvents legal change.
Axa completes 50% acquisition of Tian Ping
Axa has completed the 50% acquisition of Chinese insurer Tian Ping's shares.
L&G makes personal lines motor debut after partnering with Junction
Legal & General has entered the personal lines motor market with the launch of a direct motor insurance proposition underwritten by a panel of insurers.
'Window of opportunity' and sum insured discussed at Claims Club Asia
In the first Claims Club Asia meeting of 2014, leading experts in the claims space gave their insights into how the claims community can ensure greater co-operation to help clients.
Innovation Group report highlights motor market evolution
Insurers must do more to put the customer at the heart of motor insurance following a year of unprecedented reform, according to Innovation Group sales director Ian Bowen.
Euler Hermes extends partnership with HSBC in Malaysia
Euler Hermes has become the exclusive supplier of trade credit insurance products to HSBC Commercial Banking customers in Malaysia.
Which? urges insurers to be transparent on renewal prices
Consumer watchdog Which? has launched a new campaign calling on insurance companies to show last year’s premium alongside renewal quotes.
Hardy CEO Merry replaced by Brosnan with immediate effect
Hardy has announced that Barbara Merry is to depart the insurer with immediate effect, replaced as chief executive by senior vice president of international, David Brosnan.
Allianz and Jelf renew engineering insurance arrangement
Jelf has reached a ‘preferred partner’ deal with Allianz Engineering that will see the insurer provide a new three-year facility for the majority of the broker’s engineering insurance and inspection business.
Watson cautious on potential rate rise as Ageas suffers £20m flood loss
Ageas UK chief executive Andy Watson has poured cold water on expectations household rates will undergo an imminent rise in light of ongoing flooding, which has so far cost Ageas £20m.
'Loss adjusting' will drift away says Innovation Group boss
After sealing a £35m deal to acquire LAS, Innovation Group chief executive Andy Roberts has forecast the demise of loss adjusting as terminology.
Ex-Gallagher Heath client director Fulthorpe joins UK General
UK General has taken on former Gallagher Heath client director Peter Fulthorpe as commercial division sales manager in the Midlands, Wales and the South West.
Salaries rise 30% for insurance-focused compliance professionals
Compliance, risk and audit professionals working in the insurance sector will earn up to 30% more in 2014 as a result of a shift in regulatory expectations and evolving businesses strategies.
CHO chairman demands further credit hire estimate cuts
Competition Commission reductions to the cost to credit hire do not go far enough according to Steve Evans, chairman of the Credit Hire Organisation.
Competition Commission cuts £30m from credit hire cost estimates
The Competition Commission has admitted errors in its figures on the cost of credit hire, lowering its estimated impact on motor premiums.
Besso appoints Cooper Gay & Company's Hovey as CFO
Independent Lloyd’s broker Besso Insurance Group has appointed Samantha Hovey as chief financial officer.
Ageas profits creep up 3% in a year of rates pressure
Ageas delivered a marginal increase in net profits of £85.2m in 2013 (2012: £82.9m) alongside a combined operating ratio of 98.4% (2012: 99.8%) in a year of underwriting discipline amid pressure on rates.
Brokers clamour for compliance assistance after record Homeserve fine
Commentators suggest fine is evidence of FCA’s strong stance on mis-selling.
Justice Secretary Grayling under pressure to close referral fee loopholes
Epoq’s Legal Go model singled out by Jack Straw as being against spirit of Laspo.
Motor insurance regulator mooted by Straw slammed as ‘unnecessary’
Former Home Secretary’s parliamentary counterpart Evans ‘dead against’ idea.
Tulloch’s flood defence funding plan fails to generate industry support
Analysts say insurers are unwilling to invest in defences without clear returns.
Insurers urged not to jump the gun in entering cosmetic interventions market
Industry warned over potential pitfalls of operating with inadequate expertise.