Latest News – Page 673
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NewsMalta's Building Block hopeful of keeping UK trade links post-Brexit
Maltese insurer Building Block is hopeful of maintaining trade links with the UK once the UK leaves the European Union (EU), chief executive Paul Brierley said. Malta is an EU member state and Building Block writes business in the UK through the European Economic Area (EEA) ...
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Online onlyInsurance Times Awards 2016 open for entries
There are 27 awards up for grabs at the UKGI’s most prestigious event!
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Online onlyIT Awards: No ‘higher accolade’ than Broker CEOs' CEO Award, says David Ross
Previous Broker CEOs’ CEO winner tells Insurance Times what it takes to be a good chief executive and the value of winning an award
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Online onlyIT Awards: David Newman on why being a specialist is key to growth
Previous Personal Lines Broker of the Year and IT Pack Member of the Year tells Insurance Times why it is ‘humbling’ to win two awards
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NewsABI to attend Sajid Javid’s Brexit roundtable tomorrow
The ABI will join Lloyd’s at the Department for Business, Innovation and Skills Brexit roundtable tomorrow morning. The roundtable will be chaired by business secretary Sajid Javid. Lloyd’s revealed last week that it had been invited to the roundtable. Other attendees will include financial services lobby ...
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Online onlyIT Awards: Past winner Stevie Jeffrey on why passion is vital
Previous IT Pack Member of the Year winner tells Insurance Times why she won and why others should enter
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NewsBrightside to launch online van product on aggregators
Brightside will launch its online van product on price comparison site Compare the Market tomorrow (6 July). The broking group’s van proposition director Neil Laird said the company is expecting to sign deals with other major price comparison sites “during the next few months”. Brightside launched ...
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NewsBrightside to sell and lease back Bristol HQ in £7.7m deal
Broking group Brightside is to sell and lease back its headquarters in Aust, Bristol (pictured) to free up cash, Insurance Times has learned. The property agent for the deal, Jones Lang LaSalle, said it has been instructed to seek offers of more than £7.68m for the ...
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NewsBrightside loses Co-op commercial vehicle deal to Miles Smith
Brightside has lost the deal to arrange van, taxi and minibus cover for Co-op customers to Lloyd’s broker Miles Smith, Insurance Times can reveal. Previously, Brightside brand Commercial Vehicle Direct (CVD) arranged the van cover, while the broking group’s One Insurance Solution brand arranged the taxi ...
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NewsBrexit: Lloyd’s says no need for extra capital after Pound slump
Lloyd’s of London has ruled out asking insurers to pledge extra capital after the pound fell to a 31-year low following the vote for UK to leave the EU. Each of the underwriters in Lloyd’s have to deposit money in a communal pot called Funds at ...
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NewsBrexit unlikely to dilute Solvency II rules
Brexit is unlikely to lead to a big dilution of the EU’s Solvency II capital rules, insurance experts have warned. Last week, Lord Turnbull, a former board member at Prudential, told the Treasury select committee that Solvency II was “an absolutely dreadful piece of legislation”. He ...
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NewsSolicitor's premiums cut by 90% after switching to Bar regulation
A solicitor who set up an entity with the Bar Standards Board (BSB) claims the move has cut his insurance costs by 90%. Specialist consumer credit lawyer David Bowden is the latest practitioner to ditch the Solicitors Regulation Authority (SRA) by regulating his Hertfordshire business, David ...
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AgendaAnalysis: managing the merger properly
Combining cultures successfully and keeping hold of the right people are among the biggest challenges when it comes to M&As
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NewsTowergate completes sale of majority stake in Broker Network
Towergate has completed the sale of its majority stake in Broker Network to Highbridge Principal Strategies (HPS) for £46m. The broker announced in March that as part of the deal Towergate would retain 19.9% of Broker Network’s shares. adding that there would be no Towergate involvement ...
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NewsReinsurance discounts for UK insurers as global rates fall
UK insurers have seen a 10% cut in their catastrophe excess of loss rates in the June/July 2016 renewal season as reinsurance rates are softening worldwide, according to reinsurance broker Willis Re. Excess-of-loss reinsurance pays out when the insurer’s losses reach a certain point. Reinsurance rates ...
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NewsInsurance is 'playing catch-up' to other industries: LMG chief exec
London Market Group (LMG) chief executive Ben Reid has said the insurance industry is “playing catch-up” to other industries and needed to embrace modernisation. Reid said the LMG’s agenda is to “build and maintain London’s position and reputation as the global centre of insurance excellence”. Reid ...
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NewsIFED warns Scottish residents of ghost brokers
Detectives from the City of London Police’s Insurance Fraud Enforcement Department (IFED) have warned Scottish residents about ghost brokers targeting their addresses. IFED officers will visit residents in Aberdeen, Inverness and the Isles of Skye and Harris as part of an investigation into suspected ghost brokers ...
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NewsAscent names Cleary as COO
Ascent Underwriting has appointed Kevin Cleary as chief operations officer. The specialist Managing General Agent providing coverage for emerging cyber risks, said Cleary will be responsible for the development and growth of an international financial lines portfolio. Cleary joins Ascent from The Navigators Group where ...
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NewsEast London 'worst for uninsured vehicles'
East London tops the list of UK’s uninsured driving hot spots, according to Churchill Insurance. East London has the highest proportion of uninsured vehicles at 13.4%, but Birmingham has the most uninsured cars with 55,142 uninsured vehicles. Across the UK, there are over 1 million uninsured ...
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NewsOsborne aims to cut corporation tax below 15%
Chancellor of the Exchequer George Osborne is planning to cut corporation tax to less than 15% to boost investment following the Brexit vote. In an interview with the Financial Times, Osborne said he wants to slash UK corporation tax from its current rate of 20% to ...
