Insurer
ABI calls for FCA to regulate claims management sector
The Association of British Insurers has called for the Financial Conduct Authority to be appointed as the regulatory body responsible for claims management companies as "the current system is failing to provide enough of a deterrent to rogue firms".
Customers most likely to pick and choose on insurance
Insurance products have topped the list when it comes to consumers shopping around; beating mortgages, phone contracts and energy suppliers according to an ABI survey.
London heads to Dubai for inaugural Islamic Insurance conference
The Islamic Insurance Association of London (IIAL) will hold its first conference with the Islamic insurance and risk community in Dubai next Sunday (8 November) to see how the sector can move to the next level.
Almost a quarter of CMCs warned or lost accreditation in 2014
The Association of British Insurers has calculated that 23% of claims management companies either lost their accreditation or were formally warned about unscrupulous practices last year, according to the incoming president of the Forum of Insurance…
High Court dismissal of Stoke City assault case 'good news' for insurers
A High Court judge’s decision to dismiss allegations relating to a historical assault case involving former Stoke City Football Club goalkeeper Peter Fox and apprentices at the club should be welcomed by insurers, according to law firm Hill Dickinson.
Tax costs could rise for UK insurers after European Commission cancels review
An ongoing review abandoned by the European Commission on Wednesday (28 October) could increase the tax burden for UK insurers.
Ex-DLG and Flood Re boss Woolgrove moves to ‘challenger’ bank
Former Direct Line Group personal lines managing director Tom Woolgrove has taken on an interim role as deputy CEO for Oak North Bank, an SME-focused challenger to established high street brands.
Home insurance premiums fall in year-on-year ABI statistics
The annual cost of a combined building and contents policy has fallen, with the average £290 figure down compared to this time last year but up slightly on the previous quarter, according to Association of British Insurers data.
Aviva CEO Wilson blasts ‘scandal' of data buying industry
Aviva group CEO Mark Wilson says his staff are regularly approached by claims management companies looking to buy data from them.
London company market premium totals almost £23bn in 2014
The London company market chalked up an overall premium total of £22.943bn last year, a report by the International Underwriting Association has shown.
Quiz of the week - 30 October 2015
Test your knowledge of the week's insurance news, with the Post insurance quiz on the week.
State of the Insurer Nation Blog: Working in unison to combat insurance risks
Government and insurers need to cooperate against cyber crime as they already do against traditional risks.
Tokio Marine and PICC agree to offer IP protection for Chinese companies
Tokio Marine Kiln has agreed with Chinese giant PICC to provide intellectual property infringement liability insurance to Chinese companies.
CII's 2016 New Generation Group launches
The Chartered Insurance Institute's New Generation Group, class of 2016, met for the first time at a launch event held in London on 23 October.
Wilson hails UK organic growth dismissing likelihood of ‘jumbo' deals
Aviva group CEO Mark Wilson said the insurer will consider "build-out" acquisitions that complement its distribution model but is not considering any "jumbo" deals.
Blog: Lay executors of wills unaware of liability risks
Increasingly people are being asked to take on the role of executor following the death of a friend or relative. In the past, it was common practice to name a solicitor or bank in a will as the main executor. But a Censuswide survey shows 75% of people…
Aviva signs five-year partnership with Homeserve
Aviva has signed a five-year deal to underwrite home assistance products for Homeserve's two million UK customers.
Aviva UK & Ireland Q3 COR improves to 92.8%
Aviva UK & Ireland has reported an improved combined operating ratio for the first nine months of 2015 - 92.8% from 94.2% in the same period last year.
Shareholder Icahn calls for AIG split
Activist shareholder Carl Icahn has claimed AIG is "too big to succeed" and needs to be broken up.
Post magazine - 29 October 2015
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS app edition on the App Store or read the Post digital edition online.
RAC to launch mass-market telematics product in Q1 2016
RAC is to unveil a mass-market telematics product that includes a vehicle diagnostics feature in the first quarter of 2016.
Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
Axa awarded £10k in costs after successful 'crash for cash' case
An attempted claim for personal injury damages following a staged accident has seen £10,000 and an eight month sentence awarded against a claimant.
Flood Re hires Bartholomeusz as CRO
Flood Re has appointed Michael Bartholomeusz as its chief risk officer responsible for the scheme's risk management framework.