News
Big data tipped to drive competitive differentiation
Over 90% of senior insurance executives believe big data will drive competitive differentiation in future.
Claims Portal accused of failing third party claims administrators
The Claims Portal is failing third-party administrators, self-insurance claims handler Gallagher Bassett has claimed.
Towergate confirms Footman James acquisition
Towergate Insurance has confirmed the completion of the Footman James acquisition.
Kiln and Tokio Marine Europe join forces
Kiln and Tokio Marine Europe have merged to form one insurer called Tokio Marine Kiln Group.
Endsleigh enhances its digital presence
Education insurance specialist Endsleigh has re-launched its digital offering in a bid to provide an optimised experience for mobile devices.
Higos to provide insurance to Hinkley Point contractors
Higos Insurance Services is launching bespoke insurance for any contractor involved in the building of the Hinkley Point nuclear power plant in Somerset.
Government reveals details of insurance growth plan
The government has released the details of its insurance growth action plan, following months of talks with a variety of industry bodies.
Aviva and L&G join four life insurers in £25bn infrastructure pledge
Aviva and Legal and General are among the six insurers that have agreed to collectively invest £25bn in UK infrastructure over the next five years.
Towergate tipped to escape with FCA ticking off after misallocation of £15m
Auditor KPMG could find itself in the firing line for failing to spot error.
New Markerstudy bid for Brightside expected as Holman joins insurer
Markerstudy not expected to increase bid that was previously labelled ‘strange’.
Industry split on telematics data sharing amid anti-competitiveness concerns
Telematics data expected to become ‘ubiquitous’ within the next decade.
Industry wish list asks government to include insurance in education
ABI, Biba and Lloyd’s in talks with government over fuelling growth in market.
Towergate acquisition of Footman James complete
Aon Risk Solutions has completed the sale of niche motor broker Footman James to Towergate.
Southern Rock poaches five senior staff from Brightside
Southern Rock has capitalised on the uncertainty at Brightside by swooping for for five senior staff members in the last three months, Post can reveal.
Cunningham Lindsey under instruction following helicopter crash
Cunningham Lindsey has confirmed it is one of the loss adjusters on the scene following the tragic helicopter crash in Glasgow, which claimed the lives of nine people.
Amlin UK's CEO to retire in 2014
Amlin UK’s chief executive Brian Carpenter will be retiring in 2014.
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.
KPMG audited Towergate throughout client money failures
Big four professional services firm KPMG served as Towergate’s external auditor during a four year spell in which the broker misallocated £15m.
China pipeline explosion sees ¥4.6m in claims
The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.
Outlook for Taiwanese non-life insurers stable, according to Fitch
Taiwanese non-life insurers have a stable sector outlook supported by strong capital buffers and satisfactory underwriting performance, according to ratings agency Fitch Ratings.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
Lloyd's appoints DCS Global as ECF conversion supplier
Triton Global’s claims division DCS Global has been selected by Lloyd’s as its preferred supplier to enable the market to optionally convert many of its 33 000 remaining paper claims files to electronic claims files.
New PI business to be launched by ex-Towergate team
A former Towergate employee is to launch a Sheffield-based professional indemnity underwriting business called The PI Desk.
Ex-pilot Matcham promoted to head of aviation at Alan & Thomas
Alan & Thomas Insurance Group has appointed Peter Matcham as head of aviation insurance at the Dorset-based firm.