Axa
CII launches new underwriting society
Society will release several good practice guides in upcoming months, covering topics such as vulnerable customers.
CMC employee jailed for fraud and abuse of position
The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
XL Catlin settles law suit against Rural Insurance Group - report
Law360 says breach of contract law suit related to a deal between the two companies in 2014.
Matthew Reed joins SME delegation to Number 11 Downing Street
The Equipsme founder calls on chancellor Sajid Javid and the government to make it easier for small businesses to look after the health and wellbeing of their staff.
Market warns of "unintended consequences" following FCA dual pricing study
The sector has welcomed further consultation on the proposals which include a potential ban on dual pricing.
Axa XL teams up with Accenture on cyber security services
Provider says partnership will benefit Axa XL brokers and clients.
Dive In 2019: Gender equality top priority in insurance
Research from Dive In also reveals that mental health is a key issue in the UK.
People Moves Round-up: 6-13 September 2019
Keep track of the past week’s market moves.
The Blog Spot: RIP Jelf, hello Marsh Commercial - what's in a broking brand?
As Marsh rebrands Jelf, Insurance Age content director Jonathan Swift reflects on the passing of another name heavily associated with noughties broker consolidation
Marsh to retire Jelf name amid commercial rebrand
The broker warned that some local offices would be merged following its deals with Clark Thomson, Bluefin and JLT as it rebrands to Marsh Commercial.
People Moves Round-up: 2 – 6 September 2019
Keep track of the past week’s market moves.
Insurance Hound: Most read by brokers from July to August
Which whitepapers grabbed the attention of the broking space over the summer period?
ABI figures show 1,300 insurance scams a day detected in 2018
Detected dishonest claims reached a value of £1.2bn during the year.
Honcho launches ‘reverse auction’ app
InsurTech Futures: The car insurance app aims to reduce costs for young drivers.
Brightside hires new MD of broking as Russell Bence exits
Derek Henry, formerly of Ardonagh Group, will join the broker in September.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
#Insagepeople 22-26 July 2019
Stay up to date with the latest people moves.
XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
Axa XL partly pulls out of leisure
Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.
Brokers must transform to evade threat of AI - report
Publication suggests that brokers who rely on their paperwork skills or only act as a go-between the client and underwriter will be challenged by AI solutions.
Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
Insurers disappointed by the new discount rate
Government has changed the rate from -0.75% to -0.25%, which is a smaller rise than what was generally expected.
Market moves: Movers and shakers
There were many big name moves in June, with several arrivals and departures announced at the executive level
In-depth - claims: Part of the service
Providing a claims function is not something every broker does, but those wanting to retain business are offering the service to differentiate themselves and add value, Martin Friel reports