All articles by Newsdesk – Page 2
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NewsAircraft engineer jailed for £240k fake lost baggage claims
An aircraft engineer who made £240,000 in fake claims for lost baggage has been jailed for two years. 45-year-old Miguel Kakaie of King Street, Aberdeen was sentenced at the Old Bailey on 10 May after a six day trial, which followed an investigation by the City ...
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NewsCMC regulator raids two claims firms and fines third
The Ministry of Justice’s Claims Management Regulation Unit (CMRU) has raided two claims management firms and fined a third £315,000. CMRU investigators teamed up with the police to raid two firms – one in Swansea and one in Birmingham – that it said were suspected of ...
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NewsEsure reports 15.5% increase in GWP
Esure has reported a 15.5% increase in gross written premium (GWP) to £151m for the first quarter of 2016. This is made up of a 17.1% increase in motor GWP to £128.9m, while home GWP was also up 7.3% to £22.1m as a result of the ...
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NewsClaims Excellence Awards 2016: Winners revealed
LV=, Allianz and Cunningham Lindsey were the big winners at the Insurance Times Claims Excellence Awards 2016. The insurance industry flocked to The Brewery to recognise the efforts of claims teams and individuals across the industry. The judging panel comprised Biba head of technical services Mike ...
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NewsNIG retains crown in Insurance Times e-trading survey 2016
NIG has once again topped the rankings as the best-performing insurer for e-trading. For the second year running, the SME-only, broker-only insurer has come top in a survey of 246 brokers, in the Insurance Times E-trading Broker Insight Report. For a full copy of the report ...
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NewsBarbican opens Manchester office
Lloyd’s insurer barbican has opened a new office in Manchester. It is based in the recently developed ‘Hive’ complex in the city’s Northern Quarter. Barbican said the new office serves three main functions: proving a regional base for underwriting and business development of recently launched UK ...
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NewsJLT wins lead broker account for Singapore Airlines
JLT has won the account as lead broker for Singapore Airlines (SIA) Group’s aviation insurance programme. Under the terms of the deal the agreement will run for a period of three years for policies beginning 1 July 2016. It is another big win for the national ...
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NewsInnovation & Disruption 2016: live updates
The Insurance Times editorial team gives you a rolling update of events as they happen from The Crystal in London
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NewsInsurance Times scoops award at CII Public Interest Awards 2016
Insurance Times Fraud Charter won The Best Campaign in the Public Interest – Press award at the CII Public Interest Awards last night. Receiving the award [pictured] from left to right are: Insurance Times brand editor Martin Kornacki, senior reporter Ima Jackson-obot, Covéa head ...
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NewsRSA planning to halve UK staff redundancy payouts
RSA is planning to halve the amount of redundancy pay for staff who joined the company before April 2013. The insurance group is also planning to stop paying new contributions into its defined benefits pension schemes from 31 October 2016. RSA will consult staff on the ...
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NewsTony Allen shifts focus to A&A’s Gibraltar insurer in reshuffle
A&A Group chief executive Tony Allen is shifting his focus to the group’s Gibraltar-based insurer, Mulsanne Insurance Company, as part of a reshuffle. The company has also named Paul Twilley as Mulsanne’s claims director. Key points A&A has bought failed Gibraltar insurer Service’s UK ...
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NewsAviva relaunches high net worth unit as Aviva Private Clients
Aviva has relaunched its high net worth business under the brand Aviva Private Clients. The division will have a dedicated managing director, Adam Beckett, and a dedicated team, of underwriters. The insurer will upgrade its suite of high net worth products, which are branded Distinct, and ...
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NewsMarkerstudy restructures retail division as Russell Bence resigns
Markerstudy’s retail division managing director Russell Bence is to leave on 30 April after 7 years with the company, triggering a restructure. Bence will not be replaced directly. The retail division, which employs 700 staff, will be restructured into four units. The four existing operations directors ...
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NewsAXA expands African operations in joint venture with Chaucer
AXA is expanding its reach into Africa with the launch of a joint venture with Lloyd’s insurer Chaucer. The new venture, AXA Africa Specialty Risks, will be dedicated to covering specialty insurance lines in Africa, covering business such as political risks, energy and infrastructures. The partnership ...
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NewsCooper Gay’s Lloyd’s broking chief to step down
Gordon Newman is to step down as chief executive of CGNMB, the Lloyd’s broking unit of Cooper Gay Swett & Crawford (CGSC), on 20 April. His responsibilities will be assumed by CGSC group chief executive Steve Hearn, subject to regulatory approval. Newman will remain at CGNMB ...
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NewsBluefin buys four regional brokers
Bluefin has acquired four regional brokers since the start of this year. The AXA-owned broking group’s largest and most recent purchase is Liverpool-based commercial broker Exchange Insurance Services. It has also bought Yorkshire-based Alverton Insurance Brokers in January, and Scotland-based companies Wilbourn Insurance Services and Grampian ...
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NewsCourt victory for insurer in £236,724 Ferrari credit hire dispute
A businessman has lost his legal battle to force Direct Line Group (DLG) to pay £236,724 for the hire of two Ferraris following a car accident. Earlier this month, a judge at Darlington County Court upheld an earlier ruling which meant that DLG did not need ...
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NewsMan sentenced for submitting false injury claims to Allianz
A Southend factory worker has been sentenced for submitting three false personal injury claims to Allianz. Julius Sodipo, 34, from Shoeburyness was handed a 12-month community order and was ordered to carry out 80 hours of unpaid work and pay costs of £145 in costs at ...
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NewsDirect home and motor exit to punch £84m hole in Allianz GWP
Allianz UK’s planned exit from direct home and motor business will punch a £84m hole in the insurer’s gross written premium (GWP), according to chief executive Jon Dye. Speaking to journalists this morning about the planned change, which will put 170 jobs at risk, Dye also ...
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NewsBrokers rally behind Allianz despite home and motor blow
Allianz’s planned exit from direct home and motor business could give brokers a greater opportunity to show their worth to the company. While sympathising with the 170 Allianz staff that could lose their jobs over the move, some broker bosses said that brokers may be able ...
