Insurer
Elite to set up office in Luxembourg to counter Brexit fears
Gibraltar-based Elite Insurance said it will set up a new regulated insurance company in Luxembourg to ensure that it would not miss out on passporting rights following Brexit.
Sprinklers should be compulsory in new warehouses says ABI
Sprinklers should be made a legal requirement in all new warehouses over 2,000m2, the Association of British Insurers has said.
MPs call for a breakup of the FCA
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Almost a fifth of UK motorists lying to get cheaper insurance
Almost a fifth of British motorists are lying to get cheaper premiums, a study found.
Charles Taylor acquires Cega for £29.8m
Charles Taylor has acquired Cega Group, a specialist provider of technical medical assistance and travel claims management services, for £29.8m.
JLT announces 300 job cuts as part of restructuring programme
JLT today announced it has taken “decisive action” to better align costs, cutting more than 300 UK and Irish jobs within its UK Employee Benefits business as part of its restructuring programme announced in March.
Police seize 1.5 millionth uninsured vehicle
Motor Insurers’ Bureau has confirmed that the UK’s 1.5 millionth uninsured vehicle has been seized in Haringey, North London.
Carole Nash announces positive results for last financial year
Broker Carole Nash has seen a 77% increase in pre-tax profits in its annual results for last year.
Howell resigns from Generali Asia
Post understands Jack Howell, regional officer for Generali Asia, has resigned.
Hiscox's Ross Dingwall on the value of relationships
Ross Dingwall, managing director of the Broker Channel for Hiscox UK and Ireland explains why, in a digital world, relationships still count
LV CEO Richard Rowney appointed to ABI board
LV CEO Richard Rowney has been appointed to the board of the Association for British Insurers, to replace retiring LV CEO Mike Rogers.
Telematics data used to defend policyholder in court for first time
Telematics data has been used for the first time to successfully defend a policyholder in a liability trial at Wandsworth County Court.
Hiscox could set up EU carrier following Brexit
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Blog to the future: One day, more than 10 customer interactions – could this be an insurer reality by 2030
The alarm goes, it is 6:45am on 25 July 2030; and the first thing you do is check your Healthcare Insurer-provided wearable tech-band to see how your sleep rated.
Enterprise collapse will affect 14,000 motorists
A Zurich-owned Managing General Agent will reimburse outstanding premiums to Irish motorists who have been affected following the collapse of Enterprise Insurance on Friday.
Kedney appointed as chief commercial officer at Sompo Canopius
Paul Kedney has joined Sompo Canopius as chief commercial officer, from his previous role as actuarial and risk director at Aegis London.
Trak Global launches Appy Fleet and announces Tim Holliday as non-executive director
Former Zurich UK personal lines MD and chief underwriting offer Tim Holliday has joined telematics technology company Trak Global as a nonexecutive director.
Hiscox sees growth in London market
Interim results reveal Hiscox London Market grew during the first half of 2016.
Roundtable: Have insurers got their IT priorities back to front?
Have insurers mistakenly prioritised digitalisation to the detriment of improving back office processes, with potential consequences in terms of regulatory compliance, productivity and customer service?
Neil Pearce appointed as managing director of Towergate London market
Towergate has appointed Neil Pearce as managing director of Towergate London market.
Beazley looks to target EU business from Dublin as it seeks to extend reinsurance license
Lloyd's of London insurer Beazley is working to ensure its Irish reinsurance business gains access to the European market, even if Lloyd's loses its pass-porting rights.
Collateral lies ruling and abuse claims - the Post week
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
FCA identifies ‘serious and widespread’ mis-selling among ARs
The Financial Conduct Authority has identified “serious and widespread” issues on the oversight of appointed representatives.
Thatcham code of conduct for Advanced Driver Assistance Systems to be published this month
The Thatcham code of conduct report for Advanced Driver Assistance Systems is due to be published later this month, Post can reveal.