News
Beazley more than triples net profits
Beazley has reported soaring post-tax profits, seeing figures rise over three fold on last year’s totals.
Beazley board recommends new appointment
The Board at Beazley has recommended the appointment of Angela Crawford-Ingle as an independent non-executive director of Beazley.
Indonesia begins tsunami shelter construction
The Indonesian government has allocated 16 trillion rupiah ($1.6bn) to build shelters and support areas that are early affected by tsunami-related disasters.
Allianz appoints Hong Kong CEO
Mark Mitchell will take on the CEO role of Allianz Global Corporate and Specialty Hong Kong branch with responsibility for Greater China on 14 February.
ABI calls for political consensus at Labour flood summit
The Association of British Insurers said that rising rainfall levels are making it crucial the cross party political support can be achieved on flood cover.
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
Efra chair pushes alternative flood-risk proposal as SoP pressure mounts
The possibility of using a proportion of insurance premium tax to subsidise a pool of last resort for flood-prone homeowners has been championed by the chair of the Environment, Food and Rural Affairs Committee.
Career File: Ben Fletcher lands IFB director role
The Insurance Fraud Bureau has appointed head of operations Ben Fletcher as its new director.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
ABI slammed for using failed argument to derail Welsh asbestos Bill
The Association of British Insurers has been criticised for fighting a proposed asbestos recovery costs Bill in Wales with a failed argument already overturned in Scotland.
Politicians seek MoJ talks after insurers warn portal delay could hit consumers
Insurers have warned politicians any delay in extending the remit of the Road Traffic Accident Portal could see consumers picking up the bulk of an expected multi-million pound bill.
Career development: Markerstudy schemes granted ILM approval
Markerstudy Group development programmes Shooting Stars and Train the Trainer have been approved by the Institute of Leadership & Management.
Market moves: Brokers lead recruitment drive with major hires at Reich, Russell Scanlan and RFIB
The recruitment space belonged to broking this week, with Reich, Russell Scanlan and RFIB all recruiting senior staff. Reich welcomed a new head of group operations, while Russell Scanlan and RFIB added directors to their respective teams. Meanwhile,…
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
NFU Mutual to axe up to 150 staff
NFU Mutual is starting a 90-day consultation that could result in 150 redundancies, out of 1000 positions, as it seeks to move from a paper dependent process and consolidate its first notification of loss teams.
Miller recruits energy specialist
Miller has appointed Lloyd and Partners’ Andy Neve to its energy business in a bid to bolster commitment to client service and business development.
Biba warns brokers on £21m FSCS levy
The British Insurance Brokers' Association has warned that it is increasingly likely that a proposed levy on insurance brokers will come into effect.
Small claims limit for PI likely to rise above £5 000 says Grayling
Justice Secretary Chris Grayling has confirmed the small claims limit for personal injury claims is likely to be increased from the current £1 000 to £5 000.
Solar storms could spark hefty insurance payouts in 2013, claims report
An Aon Benfield report claims that extreme solar weather over the next twelve months could lead to significant disruption to business communication systems, resulting in large insurance claims.
Cheshire broker joins Brokerbility fold
Cheshire-based RK Henshall & Co has become latest addition to the Brokerbility group.
Carrot targets young drivers with cash reward telematics plan
Insurance provider Carrot is to launch a plan that will see young drivers offered cash rewards for driving safely, with premiums adjusted at the end of each policy year.
Elite to refer Sabre to FSA over 'dirty tricks' letter campaign
After the event insurer Elite has confirmed it will be referring motor insurer Sabre to the regulator over what it describes as a “dirty tricks campaign” to convince claimants to cancel ATE policies.
Giles strengthens Scotland team
Giles Insurance Brokers has made three additions to its Scottish team, following its strategy to expand its presence in the region.