News
Motor Claims 2014: Thatcham boss claims no driverless vehicles on road within next three years
Fully autonomous vehicles are unlikely to be on UK roads in the next three years, despite moves by government to invest in the emerging technology, according to Thatcham Research chief executive Peter Shaw.
Suncorp's profits fall 4.5% as claims rise
Australian insurer and banking group Suncorp saw a dip in its half year profits to A$548m (£296m) from A$574m in the corresponding period the previous year.
Many unresolved claims from 2011 Christchurch earthquake, says Marsh
Marsh reveals ongoing delays from the February 2011 earthquake that struck 6km South-east of Christchurch, New Zealand, which caused severe damage in the central business district and claimed 185 lives.
Liberty Mutual buys in Malaysia
Liberty Mutual Insurance Group has bought Uni.Asia Capital Sdn Bhd's 68.09% stake in Uni.Asia General Insurance Berhad for around $113m.
ICA promotes Queensland building safety study
James Cook University has been asked by the Insurance Council of Australia to design an engineering inspection scheme for apartment and similar buildings known as 'strata-title' properties in North Queensland.
Insurers to supply experts to PM’s flood grant scheme
Insurers have agreed to supply a team of technical experts to work with the government on a scheme to provide grants to flooded home and business owners at today’s Downing Steet flooding summit.
FM Global names Essentra chief exec to board
FM Global has appointed the chief executive of an international plastics supplier to its board.
Kiln buys 49% of Lloyd’s cyber coverholder NAS
Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.
UK General wins schemes deal with Best Insurance
Leeds-based specialist insurer, UK General, has designed a bespoke income protection policy in a deal with Sussex firm, Best Insurance.
Miliband demands accelerated flood claim payments
Labour party leader Ed Miliband has demanded insurers settle payments on flood claims within weeks of submission.
Gallagher Insurance Solutions opens Bournemouth 'super centre'
Arthur J Gallagher distribution arm Gallagher Insurance Solutions has created the broker’s largest UK base outside London by co-locating four businesses into a new ‘super centre’ in Bournemouth.
Gibraltar aims to become ILS hub within EU
The government of Gibraltar has unveiled plans to make the territory an insurance linked securities destination within the European Union.
Elite plots expansion with recruitment of 10 new employees
Elite Insurance is to expand via the appointment of 10 new employees across claims, reinsurance, IT, administration, underwriting and operations.
Willis promotes Benolken to technology lead
Wills has promoted Sarah Benolken to a new role as global leader of technology, media and telecommunications.
Which? demands end to premium rate customer lines
Which? has renewed calls for the insurance industry to bar the use of premium rate phone lines for customers.
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
Quindell a step closer to securing £300m of annual business
Quindell has confirmed it has secured more than half of the remaining £100m of £300m tied up in late stage negotiation for new contracts.
SSP warns Australian insurers to move off legacy platforms
The managing director of technology house SSP in Australia has said Australia's largest insurers could move from being "leaders" to "laggards" as legacy technology infrastructure hampers them.
Towers Watson recruits Asia-Pacific insurance director
Global professional services company Towers Watson has appointed Bill Johnston as director, insurance management consultancy, Asia-Pacific.
BMS appoints Field as Australian CEO
Lloyd's and specialist broker BMS Group has appointed Brett Field as CEO of the company's Australian office
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
Thomas Carroll recruits former cricketer to sales team
Welsh broker Thomas Carroll has recruited former Glamorgan and Kent cricketer Mike Powell to its new sales development team.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
Hester reportedly plotting £350m share placing
RSA chief executive Stephen Hester is reportedly looking to investors to raise as much as £350m for the insurer in an emergency cash call.