News
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.
2014 a ‘critical year’ for insurers says ABI’s Evans
The insurance industry must continue to make its voice heard on issues such as the Competition Commission’s investigation into the private motor market and debate on whiplash reform, ahead of a “critical year” for insurers.
Motor Claims 2014: Davies calls for UK to utilise cross-border data sharing to stamp out European crime
Axa’s global chief fraud control officer Richard Davies has called for the UK to embrace cross-border data sharing in a bid to clamp down on crime across the continent.
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.