Latest News – Page 678
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NewsTowergate hires Microsoft to help with IT overhaul
Towergate has hired Microsoft as a provider of cloud-based computing as it continues to overhaul its IT systems. The broking group will use Microsoft’s Azure cloud computing platform for its data centres and staff computing will be based on Microsoft’s Windows 10, Office365 and Skype for ...
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NewsDigital Risks partners with Aviva for combined commercial cover
Digital Risks, the new digital-first broker for technology and media businesses, has announced a partnership with Aviva to launch its combined commercial product. Designed to meet the needs of fast-growth and digitally-focused start-up and SME businesses, the product is sold as a monthly subscription, rather than ...
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NewsMarsh’s Weil: SME broking needs to change
Simply finding the right price for clients will no longer be good enough to thrive as an SME broker, according to Marsh UK and Ireland chief executive Mark Weil. In his keynote speech at the inaugural Insurance Times Insuring SMEs event in London yesterday, Weil also ...
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NewsMan sentenced for lying about documents in £300,000 insurance claim
A 61-year-old man has been sentenced to 12 months’ imprisonment, suspended for two years, after using fake invoices in a £300,000 insurance claim. Richard William Kirkup Lewis from South Wales pleaded guilty to fraud by false representation and was sentenced at Swansea Crown Court on Friday ...
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NewsBroker Network plots acquisitions
Broker Network is planning to acquire brokers, according to market sources. The network is close to completing a deal which means that Towergate will retain 19.9% of Broker Network’s shares. Towergate, which is selling a majority stake in Broker Network to Highbridge for £46m, has put ...
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NewsTravelers enters direct channel with cover for small businesses
Travelers Europe has launched a direct SME proposition for small businesses in the UK with fewer than 10 employees and less than £2.5m in revenues. Key points: Offering is Travelers’ first big entry into direct channel UK Move made in response to growing SME ...
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NewsAXA Global unveils new five-year plan
AXA Global has revealed its Ambition 2020 strategy. The new five-year plan centres around two strategic priorities: focus and transform. Key points: First priority is continued focus on selective growth, cost efficiencies and technical margin improvement Insurer wants to grow in commercial lines AXA ...
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NewsAon Benfield makes senior hire to head global cyber practice group
Aon Benfield has hired Luke Foord-Kelcey to co-head its global cyber practice group. Based in London, Foord-Kelcey will be responsible for developing Aon Benfield’s cyber offering to insurers and reinsurers. He will work with co-head Bill Henriques, who established the practice group. Prior to joining Aon, ...
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NewsFine firms for failing to report data breaches - MPs
MPs are calling for tougher rules that could force companies to report cyber attacks. The Culture, Media and Sport select committee said in a report yesterday that the regulator should have a “robust system of escalating fines” for those failing to report security breaches, the Financial ...
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NewsSaga makes 'good start to year' in core business arms
Saga said it has made a good start to the year across its core trading divisions in the period from 1 February to 20 June 2016. In a trading update announced today, the over-50s insurers said it was also on track to achieve its target for ...
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NewsInsuring SMEs: Biba to launch SME flood solution in September
Biba is aiming to launch its planned flood cover solution for small businesses on 1 September, according to chief executive Steve White. Speaking at the Insurance Times Insuring SMEs event in London today, White gave an update on the solution’s progress. He said: “We have ...
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NewsInternational insurance leaders urge UK to remain in EU
21 leaders of insurance and long-term savings associations across Europe have signed a letter urging the UK to remain a member of the EU. The signatories include representatives from all the major markets in Europe. The letter states it is in the interests of both the ...
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NewsInsuring SMEs: Live updates
The latest news from the event as it happens from the Insurance Times team
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NewsBiba urges members to vote 'Remain' in EU referendum
Biba has repeated its support for remaining in the EU, and urged members to make their voices count in Thursday’s referendum. The brokers’ body reiterated its position that the British insurance broking sector would be better off remaining in the EU, and that Brexit “would be ...
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NewsHomeserve names Ford chief operating officer
HomeServe said it has appointed current group chief financial officer Johnathan Ford to the new position of group chief operating officer. In his new role, Ford will ensure high levels of operational effectiveness across the group as it grows, the home assistance company said. As part ...
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NewsAXA's Buberl to set out five-year plan
AXA’s incoming group chief executive Thomas Buberl is due today to present his five-year plan to cut costs and boost growth, according to the Financial Times. Buberl (pictured), who starts his new job at the French-based insurer in September, will present his plan ahead of an ...
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NewsMarkel names Desai head of professional indemnity
Markel International has appointed Bhavik Desai (pictured) as head of professional indemnity. Desai replaces David Sawyer who has become managing director of professional and financial risks in the group’s newly-created specialty and financial lines division, headed by James Hastings. Markel have been writing professional indemnity in ...
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NewsAdmiral appoints Mumsnet founder as non-executive director
Admiral has appointed the founder of online parenting forum Mumsnet as a non-executive director. Mumsnet chief executive Justine Roberts (pictured) has been responsible for the creation, strategic direction and overall management of Mumsnet, building it into one of the most recognisable internet brands in the UK, ...
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NewsInsurance lawyers warn about 'pseudo lawyers' in small claims courts
The government’s crackdown on bogus whiplash claims could backfire and actually strengthen the role of claims management companies, according to the Forum of Insurance Lawyers (FOIL). Plans to increase the small claims court limit for personal injury from £1,000 to £5,000 will leave many personal injury ...
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NewsSwinton revamps Preston branch as part of high-street overhaul
Swinton has opened its newly-refurbished Preston branch as part of an overhaul of its high-street presence. The broking group said the revamped Preston branch will serve as a pilot for its new high-street presence. The branch revamp follows a strategic review of the business, which Swinton ...
