Articles by Jen Frost
Questgates subsumes TS Adjusting in property restructure
Exclusive: Questgates will incorporate Northampton-based TS Adjusting under its existing brand, as part of a restructure of its third party property damage services.
Cold calling broker fined £70,000
The Information Commissioner's Office has fined insurance broker Our Vault £70,000, after the company made 55,534 unsolicited marketing calls.
Industry welcomes progress as whiplash laws pass through Lords
Laws to curb whiplash claims have passed through the House of Lords, the first step toward ending what the industry describes as Britain's 'compensation culture'.
Chubb files UK lawsuit against Harvey Weinstein
Chubb has filed a further lawsuit against disgraced movie mogul Harvey Weinstein, arguing that it should not have to pay out for his public liability cover as his insurance policies are void.
Acturis profits grow for 17th year running
The software house reported total revenues of £62.2m for its financial year ending 30 September 2017.
FCA preparing for range of Brexit scenarios
The Financial Conduct Authority has revealed that it is continuing to prepare for a range of post-Brexit scenarios, including a no deal scenario which would see the UK leave the EU on 29 May 2019 with no agreement or transitional arrangement in place.
Prime Minister urged to step in over Glasgow School of Art insurance claims
The MP for Glasgow Central has urged the Prime Minister to step in over a perceived lack of support from insurance companies for those affected by the fire that spread through Glasgow School of Art.
Insurance Europe president hits out at ‘overly conservative nature’ of Solvency II
Insurance Europe president Andreas Brandstetter, CEO and chairman of UNIQA Insurance Group, said at a Solvency II conference in Brussels today that problems with the regulation need to be addressed.
Post-Brexit clause could minimise claims disruption
The International Underwriting Association has published a Brexit contract continuity clause, to tackle claims disruption that could occur with an end to passporting post-Brexit.
Watershed CBL meeting delayed over restructure proposals
The directors of collapsed New Zealand-based insurer CBL have proposed a restructure, pushing back the date of its voluntary administration watershed meeting.
Direct Choice closure hits Saga retail growth
Saga’s retail insurance policies grew by just 1% year on year for the four month period from 1 February 2018 to 31 May 2018, a trading statement released ahead of its annual general meeting shows.
Peter Winslow to step down as BGL chairman
After 23 years at BGL Group, Peter Winslow will be stepping down from his role as non-executive chairman.
Axa and Allianz strike latest GRP broker deals
Axa has taken on the agency for the commercial combined and fleet business portfolios for GRP’s ‘south-eastern hub’ Green Insurance Group (Greens), while Allianz has made a bespoke agreement with GRP’s Sagar, McGrady’s and Abbey Bond Lovis to take on…
FCA issues clone broker warning
The Financial Conduct Authority has issued a warning over a clone broker.
Lemonade to sue rival start-up over alleged plagiarism
Lemonade is suing its rival start-up One Insurance, over allegedly plagiarising aspects of the insurer's app.
Policy wording the ‘biggest complaint’ of cyber insurance buyers
Insurers’ cyber offerings have improved over the last five years, but consumers still struggle with the language and expressions used in policies.
Brightside claim against former CFO and auditor ‘moving toward resolution’
Exclusive: A legal dispute between Brightside and its former co-founder Paul Chase Gardener was outlined in court on Friday.
Smallest brokers pay five times higher proportion of earnings towards PI than largest firms
As a proportion of revenue, smaller insurance intermediary firms are still paying out far more for professional indemnity insurance than the largest firms, the Financial Conduct Authority’s latest data bulletin shows.
Insurance intermediaries saw revenue grow in 2017
The average revenue earned by insurance intermediaries increased in 2017, according to figures from the Financial Conduct Authority.
Terrorism business interruption Bill enters Parliament
A new Bill has been introduced to the House of Commons which would, if passed, enable Pool Re to extend business interruption cover to include losses that do not arise from physical damage to property.
Further M&A on the cards in AIG turnaround
AIG CEO Brian Duperreault has suggested that the insurer intends to make further acquisitions, following on from its purchase of insurance, reinsurance and asset management service provider Validus.
Over a million flock to FCA PPI website during £4.9m Arnie campaign
Almost 1.7m individuals have viewed the FCA’s PPI website since it debuted its Arnold Schwarzenegger-fronted advertising campaign.
RSA Luxembourg gets thumbs up from regulator
RSA’s Luxembourg insurance hub has been granted approval by the country’s regulator, the Commissariat aux Assurances.
FCA reveals regulation crackdown on CMCs
Claims firms will have to provide customers information on alternative, free options to their services, under tough new rules proposed by the Financial Conduct Authority.