Politics
Osborne confirms support for insurance sector in Mansion House speech
Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
FCA hires new director of enforcement from Hong Kong's SFC
Mark Steward has been appointed as the Financial Conduct Authority’s new director of enforcement and market oversight, while Barbara Frohn will become its director of risk and compliance oversight.
New City minister Baldwin to receive GI industry welcome from Biba
The British Insurance Brokers’ Association has vowed to meet with Harriett Baldwin MP to discuss its manifesto points after she replaced Andrea Leadsom MP as City minister.
ABI reiterates support for young driver curfew as part of safety campaign
The Association of British Insurers has reiterated its call for a night-time curfew for young drivers to be implemented as part of a wider campaign for the introduction of graduated driving licences.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
ABI reminds government to consider flood risks for new homes
The Association of British Insurers has urged the government to consider flood risks when delivering promised new housing.
Livestock on pavements law could hold up driverless car trials
Government lawyers are looking to redraft the Highways Act 1835 to allow the trails of driverless cars to proceed.
Fundamental changes to Medco ruled out despite early criticism
The Ministry of Justice is said to be reviewing Medco’s integration but will not consider a major overhaul amid criticism from law firms over the whiplash portal’s performance in the six weeks since its inception.
C-suite - Broker: Can we shout louder?
Now the insurance industry is beginning to speak with a single voice, can it speak up for itself more?
ABI calls for one year minimum learning period for young drivers
The Association of British Insurers has reignited its lobbying campaign around the need to introduce graduated driving licencing and is calling for the new government to publish a green paper on the matter.
Pool Re unveils loss mitigation credit
Pool Re and the National Counter Terrorism Security Office have launched an initiative to provide a reduction in premium for owners of crowded sites who take loss mitigation measures.
Insurers dismiss 'misleading' CRU figures showing declining whiplash claims
Insurers have described government figures obtained via an Association of Personal Injury Lawyers freedom of information request as “misrepresentative” of the true scale of whiplash claims.
C-Suite - Broker: The hustings are over
The new government must continue to engage with the insurance industry, says Toby Esser.
Pool Re modernisation initiatives to launch in October
Pool Re modernisation initiatives including an updated SME proposition, risk reflective pricing and enhancements to the customer experience will take effect from 1 October.
Biba 2015: Biba and Mactavish to unveil Insurance Act guide for brokers
The British Insurance Brokers’ Association and insurance governance specialist Mactavish are set to launch an introductory guide to the Insurance Act 2015 at the annual Biba conference tomorrow (13 May).
ABI's Evans praises government as one insurers can work with
Association of British Insurers director general Huw Evans has deemed the Conservative government elected today (8 May) as one the insurance industry can work with.
Civil justice issues in danger of being sidelined by EU referendum
An insurance law firm has warned of a "strong possibility" civil justice reforms will take a back seat under the newly elected Conservative government while it focuses on the proposed 2017 European Union referendum.
Aviva's Wilson outlines stance on ‘Brexit' ahead of potential referendum
Aviva is keeping a close eye on the proposed European Union membership referendum that would take place under a future Conservative government, with group CEO Mark Wilson playing down the insurer's exposure to such a move.
Young motorists unimpressed with efforts to reduce cost of driving
Six out of 10 young drivers polled by Carrot Insurance claim the coalition government has not done enough to tackle the cost of driving, with 26% stating they will not be voting in tomorrow’s (7 May) general election.
ABI unveils insurance priorities for next government
The Association of British Insurers has published a list of 10 insurance and savings priorities for the next government.
Interview: Julian Enoizi: A pool of knowledge
Eighteen months into his role as CEO of Pool Re, Julian Enoizi talks about the changes he has made, how a new government may affect things and offers advice to Flood Re.
GI firms join call for Tories to 'finish what they have started'
Insurance industry bosses are listed among more than 5000 SME signatories backing the Conservative party ahead of next week’s general election.
C-Suite Insurer: It’s a question of time
Don’t switch off. This is not a party political broadcast
Apil president calls for compulsory PL cover
Association of Personal Injury Lawyers president Jonathan Wheeler has set his sights on securing compulsory public liability insurance in the UK in a bid to “drive up safety standards among public-facing businesses”.