Insurer
Rural Insurance to terminate relationship with Broker Network
Rural Insurance managing director Ian Barclay has attributed a strategy of getting closer to brokers as the major factor behind his firm’s decision to sever ties with Towergate’s Broker Network.
Court orders AIG to pay Ageas £12.6m in Kwik Fit case
The High Court has ordered AIG to pay Ageas £12.6m in its long-running dispute over liabilities relating to Ageas's £215m acquisition of Kwik Fit's insurance arm in 2010.
Tougher jail sentences needed to protect heritage, says Ecclesiastical
The innate vulnerability of many of the Britain’s heritage buildings makes the threat of tough prison sentences vital to combat heritage crime, heritage specialist Ecclesiastical has told the government.
Costa Concordia may re-float this week
Wrecked cruise liner the Costa Concordia may be re-floated as soon as the end of this week as work continues to salvage the vessel.
Supervision, contract law reform and sanctions are top IUA concerns
Supervision by the Financial Conduct Authority and Prudential Regulation Authority, reform of UK insurance contract law and international trade sanctions are the top regulatory concerns for members of the London companies market.
Traditional insurers risk losing customers in digital age
Traditional insurers face losing out to new entrants as people increasingly use the internet to hunt out cheaper policies and more tailored services, a new PwC report found.
Alps launches sole trader legal expenses cover
Auto Legal Protection Services has launched a wholesale sole trader legal expenses cover.
Switzerland's Helvetia and Nationale Suisse to merge
Helvetia and Nationale Suisse have agreed the terms of a merger, which will see them create a new Swiss insurance group.
Former Fusion regional development manager joins Essex-based MGA
Essex-based MGA Incorporated Insurance Group has hired Ian Chapman as its regional development manager based in Leeds.
Ace acquires Brazilian P&C insurer
Global insurer Ace has agreed to acquire the large corporate property and casualty business of Brazil-based Itaú Seguros from Itaú Unibanco for approximately $685m. Upon completion of the transaction, Ace will be the largest commercial P&C insurer in…
Amlin increases stake in Leadenhall Capital Partners
Amlin has reached a non-binding agreement to increase its stake in investment manager Leadenhall Capital Partners.
ABI slams 'misguided' SRA decision on mandatory PI limit
The ABI has criticised the Solicitors Regulation Authority’s decision to reduce the level of mandatory professional indemnity cover for solicitors to £500 000, calling it “misguided”.
Dual tasks Hellman with setting up marine practice
Dual Group has appointed Bernt Hellman to form its new marine and energy practice.
CII promotes 'speaking up' with new whisteblowing guide
The Chartered Insurance Institute has launched a 'Speaking Up' guide on whistleblowing as part of its ongoing ethical guidance series.
Xchanging hires Oracle's Baker as MD for Xuber
Xuber, Xchanging’s insurance software business, has appointed Chris Baker, formerly a senior vice president of Oracle, as managing director of Xuber within Xchanging Technology Services.
Xchanging acquires Agencyport's European arm
Business outsourcing provider Xchanging has acquired the European operations of US-based Agencyport Software, for a cash consideration of £64.1m.
Insurers critical of TSC medical report proposal
The industry has slammed a Transport Select Committee proposal to prohibit personal injury claims being settled without a medical report with one insurer calling the suggestion “out of touch”.
TSC endorses proposed pre-med whiplash offer ban
The Transport Select Committee has thrown its support behind government moves to prohibit insurers from settling whiplash claims without a medical, as part of a report on fraudulent and exaggerated motor claims.
Axa Art UK CEO steps down
Annabel Fell-Clark has stepped down as Axa Art Insurance chief executive to pursue personal interests.
LV Broker looks to Markel for product delivery role
LV Broker has appointed Carl Berriman as product delivery head.
ING raises £1.1bn in NN Group float
ING Group has made £1.1bn from the flotation of NN Group, its European and Japanese insurance and investment management business.
In Focus: Public Sector - The importance of business continuity planning
Risk management and business continuity planning is an essential part of running a commercial business. But while it can help to protect profits and ensure a business's future, there is no less of a need for robust BCP in the public sector.
Russian risk manager joins Ferma board
Four directors and one substitute are joining the board of the Federation of European Risk Management Associations.
Europe C-Suite: The digital ABCs
Aviva's David McMillan asks how insurers can keep up with digital innovation to deliver improved customer service