Insurer
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.
FCA sharpens focus on wholesale market
Financial Conduct Authority chief executive Martin Wheatley today emphasised the regulator's shift in focus to the commercial insurance market.
IIG to offer rated solution to brokers placing demolition risks
Incorporated Insurance Group has launched a demolition contractors’ liability scheme in a bid to support brokers who have previously been forced to delve into unrated markets.
Markel hires Apple's global business intelligence manager
Markel International has appointed Neil Winters as head of information management and application services.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.
Aon Benfield senior broker Willmont joins Canopius
Canopius has appointed Sarah Willmont from Aon Benfield to take on the position of deputy divisional underwriter for its property treaty division.
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Lloyd's mulls move from Rogers building over design 'frustrations'
Lloyd's of London could leave its iconic Richard Rogers-designed premises because of frustrations with its design, according to reports.
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
65 roles at risk as DAC Beachcroft shuts Manchester office
DAC Beachcroft’s claims validation team is to vacate its Manchester-based office in a move that will put around 65 jobs at risk.
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
Driverless Cars: Crash of the motor insurance industry?
by Cherry Chan, partner at Barnett Waddingham
TV fraud on the rise in lead-up to sporting summer warns VFM
Insurers must be on the alert over the next couple of months, as fraudulent claims for televisions have risen significantly in the run up to this year’s sporting summer, counter-fraud Specialist, VFM Services, has warned.
Ageas moves retail brands to CDL Strata
Ageas is moving all of its personal lines retail brands to software provider CDL's Strata product.
Esure IPO highlights UK prominence in private equity domain
The UK has asserted itself as a key market for private equity activity, according to a study by international law firm White & Chase.
Cost of fraudulent claims rose by 18% in 2013, says ABI
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to the Association of British Insurers.
RTA Claims Portal to charge claimant reps £2 per notification
Claimant representatives will be expected to pay a fee to use the RTA Claims Portal from the end of next year.
C-Suite - Europe: Handling cross-border claims
by Lucy Costin, RSA Sourcing Specialist
More Than MD Connor departs to lead AA Insurance
The AA has hired More Than managing director Janet Connor to take on the newly created role of MD of its insurance business.
Saga floats on main market of LSE
Shares in over-50s insurance specialist Saga were today admitted to trading on the London Stock Exchange.
Hiscox Re appoints Krefta as CUO
Hiscox Re has appointed Mike Krefta as chief underwriting officer, with responsibility for its underwriting teams in London, Bermuda and Paris.
Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
Chinese insurer provides heatwave insurance
Zhong An Online Property Insurance is providing a policy for high temperatures.
Interview: Martin Oliver: Parting words
Today Post broke the news that Allen & Allen Group UK CEO Martin Oliver is stepping down from his role after 24 months. Just weeks ago Post sat down with Oliver to get his thoughts on the business. Here is his final interview as A&A boss.