News
Hiscox adds new lines to overseas property cover
Hiscox has made several additions to the home insurance available to UK private clients with overseas homes.
Mass calls for SRA rethink on enticements to claims
The Motor Accident Solicitors Society has expressed disappointment at the fact the Solicitors Regulation Authority is not considering outlawing cash or gift enticements to potential claimants.
Hiscox extends overseas home insurance cover
Global insurer Hiscox has extended the coverage available for UK private clients with overseas homes.
Ex-DAC Beachcroft partner joins BLM fraud team
Berrymans Lace Mawer has appointed new partner Joanna Keogh to its national fraud team.
DIMA appoints new board members at AGM
Dublin International Insurance & Management Association, the representative body for Ireland domiciled reinsurers, elected five directors to its board at its AGM last week.
Engineer jailed for fraudulent claim
An engineer who tried to claim £900 000 from RSA after suffering an accident at work has been jailed for eight months after pleading guilty to committing fraud.
Marsh’s Hodgins elected to DIMA board
Dublin International Insurance & Management Association, the representative body for the international reinsurance industry in Ireland, has elected five directors to its board.
IFB boss Fletcher welcomes fraud sentencing consultation
Insurance Fraud Bureau director Ben Fletcher has hailed a consultation from the Sentencing Council to set new guidelines for fraud.
Allianz personal lines stalwart joins Zurich
Zurich has appointed Gareth McChesney as director of personal lines underwriting and pricing for its UK general insurance business.
Fire service tackles huge blaze at West Midlands plant
Firefighters are tackling one of the largest fires ever seen in the West Midland after 100,000 tonnes of plastic caught fire at a recycling plant in Smethwick.
Repair firm warns on Flood Re start date “grey area”
Damage restoration specialist Richfords Fire and Flood has warned that a new agreement on flood cover is not due to come into effect until 2015, with a “grey area” in the interim.
Gable combine ratio improves to 67.4%
Liechtenstein-based Gable's combined ratio improved to 67.4% in its full year results for the calendar year 2012, beating its restated 2011 figure of 78.8%.
Law Society to launch professional indemnity scheme
The Law Society is in the process of establishing a professional indemnity scheme for small firms to help them steer clear of unrated insurers.
Business as usual says Co-op as it launches £6m ad campaign
The launch of a new advertising campaign for The Co-operative Insurance represents "business as usual" according to commercial director Lee Mooney.
Sequel appoints non-executive director
Insurance software specialist Sequel has named Peter Droussiotis as a new independent non-executive director on 1 July 2013.
Quindell to scale down acquisitions following latest purchase
Quindell Portfolio has outlined its acquisition strategy after revealing the completion of a deal to purchase the React and Recover Medical Group.
Gable records 67.4% 2012 COR
Lichtenstein-based Gable has scythed its combined ratio to 67.4% in its full year results for the calendar year 2012, beating its’ restated 2011 figure of 78.8%.
Alec Finch steps down from Biba board
Alec Finch has left his place at the board of the British Insurance Brokers’ Association following the end of his term.
Willis Re encouraged by Flood Re government liability and excesses pledge
Proposed pool will not impose a significant administrative burden on insurance businesses nor undermine the commercial environment according to Willis Re.
Tribunal upholds FCA ban and £150 000 fine on broker Jeffery Flanders
The Upper Tribunal has upheld the decision of the Financial Conduct Authority to ban Andrew Jeffery, director of Jeffery Flanders (Consulting), and fine him £150 000 – one of the largest fines imposed on a broker for insurance fraud.
Government responds to Water Bill draft
The government has issued a response to the Environment, Food and Rural Affairs Committee’s pre-legislative scrutiny of the draft Water Bill.
Invicta picks up Stackhouse personal portfolio
Kent broker Invicta is set to acquire a portfolio of personal lines business from Stackhouse Poland.
McLarens hires Crawford & Co executive accountant
McLarens has recruited Richard Keegan FCCA ACILA as an executive accountant/adjuster from Crawford & Company.
Biba launches strategic review consultation
The British Insurance Brokers’ Association has launched a member consultation following it strategic review earlier this year.