Insurance news

• Closing Gibraltarian underwriter warns of SII pressures

  24-03-2015 17:30
  
  Katie Marriner Postonline
  
  
  The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
  
  Read more

• Fraudster jailed for a year after RSA investigation

  24-03-2015 17:22
  
  James Verrinder Postonline
  
  
  A fraudulent claimant has been jailed for 12 months after being found guilty of contempt of court.
  
  Read more

• In-house investigators dodge PI regulation amid deadline delay

  24-03-2015 15:55
  
  Katie Marriner Postonline
  
  
  In-house claims investigators will not be subject to statutory licensing for private eyes, according to the Association of British Insurers, which has expressed concerns that uncertainty around the introduction of PI regulation is “hindering” insurers.
  
  Read more

• Reuters - Allianz the lead broker in Germanwings disaster

  24-03-2015 15:34
  
  James Verrinder Postonline
  
  
  Allianz is the lead insurance underwriter for the Germanwings Airbus A320 plane which crashed in France today (24 March), according to Reuters
  
  Read more

• Advertisement

• Allianz lead insurer in Germanwings disaster - report

  24-03-2015 15:34
  
  James Verrinder Postonline
  
  
  Allianz is the lead insurance underwriter for the Germanwings Airbus A320 plane which crashed in France today (24 March), according to Reuters.
  
  Read more

• Allianz confirmed as lead insurer for Germanwings plane crash

  24-03-2015 15:34
  
  James Verrinder Postonline
  
  
  Allianz is the lead insurance underwriter for the Germanwings Airbus A320 plane which crashed in France on Tuesday.
  
  Read more

• Climate change effects will be ‘alarming', insurers told

  24-03-2015 15:15
  
  James Verrinder Postonline
  
  
  The insurance industry has been warned about the "alarming" effects of global climate change will have on their business.
  
  Read more

• Diverse recruitment required if London is to secure global cyber dominance

  24-03-2015 13:30
  
  Francesca Nyman Postonline
  
  
  Greater cross-industry collaboration and a significant recruitment drive are needed if London is to fulfil its ambition to become a global cyber insurance hub, according to London market firms.
  
  Read more

• Advertisement

• Compliance in online SME trading webinar - sign up today

  24-03-2015 13:21
  
  Digital event takes place on Thursday 26 March at 3pm.
  
  Read more

• Insurers lead calls for limit to harmful emissions

  24-03-2015 13:00
  
  James Verrinder Postonline
  
  
  A group of insurers, environmental specialists and academics have called on world leaders to agree a plan to limit global average temperature increases.
  
  Read more

• DLG's Geddes takes home £4.6m as earnings shoot up 84%

  24-03-2015 12:50
  Chief exec benefited from a £2.7m pay out under the insurer’s long-term investment plan
  
  Read more

• Large claims and Solvency II force Gibraltar insurer to close doors

  24-03-2015 12:46
  Chairman tells Insurance Times insurer considered MGA conversion and sale but decided to shut 
  
  Read more

• DfT and industry players discuss scope of Vnuk legislation

  24-03-2015 12:35
  
  Katie Marriner Postonline
  
  
  Industry leaders are working with the Department for Transport to determine if certain vehicle classes should be taken out of European Union legislation that expands the requirement for motor insurance, amid fears of a future claims influx.
  
  Read more

• Insurance Census - Ethnicity: Minority report

  24-03-2015 12:29
  
  Mairi MacDonald Postonline
  
  
  In the final part of the Insurance Census, Post looks at ethnic diversity in the insurance industry – and how the sector can improve.
  
  Read more

• AA calls for government to back Ifed expansion amid increased CMC activity

  24-03-2015 12:09
  
  Callum Brodie Postonline
  
  
  Nearly two thirds of UK motorists have been cold-called by claims management companies in the past year, with 36% contacted more than 10 times, according to research conducted by AA Insurance.
  
  Read more

• Penny Black's insurance week - 24 March

  24-03-2015 12:03
  
  Tracey Jones Postonline
  
  
  There was much talk about the imminent arrival of driverless cars at Post's Motor Claims 2015 event, but those dedicated visitors who stayed until the penultimate session of the day - such as Penny, a keen motorist who is often found pootling around town in her modest Rolls Royce - were given two morsels of gossip.
  
  Read more

• Gibraltar-based Service Company Insurance closes to new business

  24-03-2015 11:52
  
  Motor insurer closes £100m book to new business due to difficult market but pledges to help brokers and policyholders.
  
  Read more

• Hester receives £939m bonus despite 2014 target miss

  24-03-2015 11:49
  
  Francesca Nyman Postonline
  
  
  RSA CEO Stephen Hester was paid £2.1m in 2014, according to the firm’s annual report.
  
  Read more

• Hester receives £939,000 bonus despite 2014 target miss

  24-03-2015 11:49
  
  Francesca Nyman Postonline
  
  
  RSA CEO Stephen Hester was paid £2.1m in 2014, according to the firm’s annual report.
  
  Read more

• Biba launches funding facility for members

  24-03-2015 11:44
  
  Trade body has teamed up with Integritas to provide expert advice and access to funding.
  
  Read more

• Catlin to underwrite product for flood insurance excesses up to £50k

  24-03-2015 11:28
  
  Callum Brodie Postonline
  
  
  Third party administrator Advent Solutions Management and Policy Excess have teamed up to provide homeowners with properties in high flood risk areas with a product that insures against hefty flood excesses.
  
  Read more

• Biba launches new service to help members get access to funding

  24-03-2015 11:24
  Biba has partnered with Integritas to advise members on how to secure the right financial package for their business
  
  Read more

• Biba launches new service to help members access funding

  24-03-2015 11:24
  Biba has partnered with Integritas to advise members on how to secure the right financial package for their businessBiba has launched a new funding facility with finance brokers Integritas to help members get access to funding.
  
  Read more

• FCA to focus on appointed representatives and big data

  24-03-2015 11:22 via insuranceage.co.uk
  
  The regulator says it will publish final client money rules this year.
  
  Read more

• Aviva boosts charity fund giveaway

  24-03-2015 11:15
  More charities across the UK stand to benefit as insurer expands Community Fund prize pot and entries
  
  Read more

• MGA Portsoken pens deal with QBE

  24-03-2015 10:59
  Portsoken has been given delegated authourity to bind policies in the recruitment sector
  
  Read more

• MGA pens deal with QBE

  24-03-2015 10:59
  Portsoken has been given delegated authourity to bind policies in the recruitment sector
  
  Read more

• Academy buys Dunelm Insurance Brokers

  24-03-2015 10:40
  
  Broker targeting £33m of turnover in 2015.
  
  Read more

• FCA turns attention to big data and role of appointed representatives

  24-03-2015 10:34
  
  Callum Brodie Postonline
  
  
  The Financial Conduct Authority will turn its attention to the role of appointed representatives and the use of big data in the year ahead.
  
  Read more

• Brain Training: 10 things you need to know…

  24-03-2015 10:28
  
  Callum Brodie Postonline
  
  
  ...about time management
  
  Read more

• Service Insurance Company stops writing new business

  24-03-2015 10:27
  
  Katie Marriner Postonline
  
  
  Service Insurance Company Limited is to cease writing new business as part of a planned reorganisation of the company involving a number of linked businesses.
  
  Read more

• Telematics device saves driver’s life after horror crash

  24-03-2015 10:05
  Police thank Drive Like A Girl for alerting them of student’s crash
  
  Read more

• CMA provisionally clears Xchanging’s Agencyport acquisition

  24-03-2015 09:45
  Merger would not reduce market competition, watchdog finds
  
  Read more

• Market Moves - 26 March 2015

  24-03-2015 09:44
  
  Callum Brodie Postonline
  
  
  Who has gone where in insuracne this week?
  
  Read more

• International: Microinsurance: Starting small

  24-03-2015 09:16
  
  Rachel Gordon Postonline
  
  
  How will the new microinsurance incubator launched by the World Economic Forum impact on lower-income communities, and what are other insurers doing to cater for this group?
  
  Read more

• FCA to probe Big Data use and appointed representatives

  24-03-2015 09:02
  Regulator also vows to publish its long-awaited client money rules for brokers this year
  
  Read more

• Fairfax’s Brit takeover passes key milestone as PE owners accept offer

  24-03-2015 08:26
  £1.22bn deal now unconditional for offer acceptances after owners of 73.4% of Brit’s shares sign up
  
  Read more

• Berkshire-based broker Academy buys Dunelm in Lichfield

  24-03-2015 08:10
  Academy directors form broker acquisition company
  
  Read more

• Car insurance claim with LV takes a tortuous route

  24-03-2015 08:00
  
  My mechanic crashed my car I am still waiting for his insurance company to settle the claim
  A mechanic from my local garage was driving my car to his premises when he skidded on ice and collided with another vehicle. There was considerable damage to both cars and the mechanic reported the incident to his insurers, LV. He was, in fact, put through to accident management company ClaimCare. ClaimCare appointed another firm, The Car Repair Network, who told my mechanic to take my car to an appointed
  
  Read more

• RSA’s Stephen Hester paid £2.1m in first year

  24-03-2015 07:30
  Chief executive missed out on bigger bonus because of RSA’s financial performance
  
  Read more

• BLM and Cunningham Lindsey form claims joint venture

  24-03-2015 07:22
  Service brings together leading law firm and loss adjuster
  
  Read more

Follow @Insurance_UKnws on Twitter!