Insurer
Home insurance premiums sliding from stability says ABI
The latest figures from the Association of British Insurers’ premium tracker show that premiums for home insurance have begun to decline after previously showing signs of stability.
IUA airs experience fears over PRA's new insurance lead
The International Underwriting Association has revealed concerns over a lack of insurance experience at the Bank of England after Sam Woods was named executive director of insurance supervision.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
Hong Kong's radical health insurance overhaul
Hong Kong’s health insurers are concerned as the government prepares its Voluntary Health Insurance Scheme writes Nicky Burridge.
Editor's comment: A market under attack
Quarter three of 2014 saw a glimmer of hope for the beleaguered UK motor insurance market, suggesting rates might be on the rise and claims might be falling as the Legal Aid, Sentencing and Punishment of Offenders Act 2012 started to take effect.
XL expands German PI business
XL Group has appointed a new professional indemnity manager for its German business as it looks to expand its team in response to rising demand.
Ifed investigation into fraudster unearths cannabis factory
An electrician who conned Zurich out of £15,000 by repeatedly reporting his work power tools had been stolen has been jailed after police officers investigating the fraud found a cannabis factory at his premises.
ABI hails political support for Flood Free Homes campaign
The Association of British Insurers has secured the support of 20 MPs for its Flood Free Homes campaign.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
Market Moves - 29 January 2015
All the latest job moves in the insurance market.
Penny Black’s Insurance Week - 29 January
When the New Years Honours list came rolling around, Penny was once again ignored.
Gibraltar to overhaul regulatory regime for financial services
Gibraltar's government and its Financial Services Commission have joined forces to develop a new regulatory framework for financial and professional services.
Legal Update: Ping-pong - it's not table tennis
Andrew Parker anticipates amendments to unfinished legislation as this parliament draws to a close
Neuro-rehabilitation: Fit for purpose
With changes afoot for the Rehabilitation Code, it is vital that all parties go back to basics and understand how best to navigate the issue
In Series: Corporate Risk: Threats on the radar
Insurers can help companies with their risk management strategies by offering products that anticipate the challenges of the future
Dalton appointed as ABI policy director for GI
The Association of British Insurers has appointed James Dalton as director of general Insurance policy.
Claimant's fraudulent broken ankle story discredited on You Tube
A Newcastle man who almost swindled his local authority’s insurance company out of £17,000 after lying about how he broke his ankle has been sentenced to 200 hours of unpaid work.
Insurance CEOs: Picking the perfect candidate
Hiring a new CEO can be a problem for an insurance company, with standards of demonstrated experience continually rising and the regulator wielding its influence over appointments. So, how do they pick the right person for the job?
Q&A: Dr Sebastian Herfurth: Digital friends with benefits
Dr Sebastian Herfurth, co-founder and managing director of Friendsurance, discusses the future of peer-to-peer insurance, how the industry is not getting the most out of social media and why meeting customer needs is key to insurers succeeding in the…
C-Suite - Insurer: Around the world
Insurance cover for business travel has taken on increased significance in the global market
Smaller motor players facing market exit amid intense competition
Cut-throat competition and meagre rate rises in the motor market could force smaller players to plot an exit, according to industry analysts, as “brinkmanship” continues among certain insurers over potential price increases.
Compass expands fleet team with London market hires
Compass Broker Services, the UK networks division of broker Arthur J Gallagher has appointed Darren Grodent as senior motor fleet broker for its London markets division.
Ombudsman GI complaints dip for Q3
Numbers of enquiries received by the Financial Services Ombudsman on general insurance products excluding payment protection insurance fell in the final three months of 2014.
Novae makes cyber hire from AIG
Lloyd’s insurer Novae has appointed James Creasy as class underwriter at its cyber division.