News
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.
Vamco claims outsourced motor ‘first' as it gains ABS approval
Outsourced motor insurance claims specialist Vamco has been granted approval to operate its own in-house law firm.
FSP to consult on voluntary standards
The Financial Skills Partnership will consult the financial services industry on a range of voluntary standards as part of its Leadership 21st Century initiative.
CMCs process £89m of the £136m FSCS paid in PPI claims
The Financial Services Compensation Scheme has paid out almost £136m in miss-sold pay protection insurance claims since 2008, with over £89m going through claim management companies.
Lockton's former Singapore CEO to join RSA
Nick Garrity, formerly CEO for Lockton Singapore, is set to join RSA with Manan Sagar taking over as CEO at Lockton Singapore.
Torbjörn Magnusson elected VP of Insurance Europe
Torbjörn Magnusson, president and chief executive of If P&C Insurance, Sweden, has been elected vice-president of Insurance Europe.
Joint paper outlines risks facing food and drink manufacturing industry
JLT Specialty and Campden BRI have built on their recently created strategic collaboration by launching a joint research paper on the food and drink manufacturing industry in the UK.
Cunningham Lindsey director Jonathan Clark departs to join Scor
Cunningham Lindsey UK technical director Jonathan Clark has left the recently recapitalized loss adjuster to join French reinsurance group Scor.
Indonesian bank eyes selling insurance at its branches
Bank Rakyat Indonesia is considering selling insurance to its 40 million customers via its 4 000 branches across Indonesia.
Powerful earthquake strikes near Solomon Islands
A magnitude 8.0 undersea earthquake near the Solomon Islands led the Pacific Tsunami Warning Centre to issue tsunami alerts for a host of countries although they have since ended with the threat passing.
Hong Kong Federation of Insurers slams fine proposals on sales reps
The insurance body has submitted a report to the Financial Services and the Treasury Bureau outlining its concerns over proposed fines of up to HK$10m under a new regulator.
UIB recruits former JLT partner Scott
Reinsurance broker United Insurance Brokers has swooped to appoint JLT London partner Richard Scott to head up marketing and business production.
Axa completes global whiplash study
Axa is to present a study of global whiplash regulation and statistics to MPs, lawyers and other experts at a discussion breakfast in the Houses of Parliament tomorrow.
Former Brit and NIG head Vivek Banga joins AJ Gallagher as e-trading boss
Brit's former head of UK distribution Vivek Banga has joined Arthur J Gallagher International as its director of e-trading.
Foil CEO and Cunningham's Roberts join Camford Sutton
Claims consultancy Camford Sutton has enlisted Foil CEO Laurence Besemer to serve as one of its associates.
Beazley launches cyber product with data coverage limit
Beazley has launched a cyber product focusing on the amount of data covered rather than a financial limit.