Latest News – Page 742
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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 ...
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Online onlyinet3 unveils non-standard property Flood Re solution
Inet 3, a specialist property managing general agent (MGA), has launched its Flood Re solution for non-standard home risks. The launch was supported by a new broker learning hub designed to assist brokers with product knowledge and competency through an online, tailored training programme. Inet3 brokers ...
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Online onlyDeloitte appoints new regulatory partner
A former Bank of England regulation director has joined consultants Deloitte. Andrew Bulley, who played a key role in the PRA’s roll-out of Solvency II to the life insurance industry, has been appointed as a partner in the Deloitte’s EMEA centre for regulatory strategy. “Now is ...
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NewsCooper Gay hires strategy and change head
Broking group Cooper Gay Swett & Crawford (CGSC) has hired Wendy Kilminster as head of strategy and change. She will join the company in September and report to group commercial director Andy Wallin. CGSC is in turnaround mode under new chief executive Steve Hearn, who joined ...
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NewsAsh Bathia’s Lloyd’s syndicate hires QBE financial lines head
Probitas 1492, the Lloyd’s syndicate run by Ash Bathia (pictured), has hired QBE’s former financial lines head Charles Boorman. Boorman joined Probitas today and reports to casualty chief underwriting officer Neila Buurman. In his new role Boorman heads up Probitas 1492’s financial lines team of underwriters, ...
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NewsRolls-Royce unveils 'luxury' driverless car
Rolls-Royce has unveiled its first driverless car which it claims is the “the future of luxury mobility”. The Rolls-Royce Vision Next 100 has no steering wheel, only one door and a virtual assistant. Instead of a chauffeur the vehicle will be controlled by a female-voiced artificial ...
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NewsInsurers must prepare for big changes as driverless era looms
The UK motor insurance market must prepare itself for legislation changes, huge falls in premium income and fewer crashes as driverless vehicles become reality, research firm Thatcham said. The firm said that by 2021 driverless cars will be able to go on motorways and that by ...
