XL shareholders approve takeover
XL Group’s shareholders have approved AXA’s $15.3 billion (£11.4 billion) takeover of the Bermuda-based insurer and reinsurer. ]Under the terms of the transaction, XL Group shareholders will receive...
View ArticleCivil Liability Bill to return to the House of Commons
Opponents of the Civil Liability Bill have welcomed government concessions on compensation tariffs for victims of whiplash injury, but conceded that it’s now up to the House of Commons to vote down the...
View Article‘Autonomous’ moniker lulling drivers into false sense of security, say...
Use of the word ‘autonomous’ in car manufacturer marketing and literature is lulling drivers into a false sense of security over the capabilities of their vehicles, the Association of British Insurers...
View ArticleLloyd’s of London widens search for insurtech talent
Lloyd’s of London is opening up its technology sandbox to external insurtech start-ups and entrepreneurs in a bid to develop solutions for its members. Lloyd’s Lab, the insurance market’s new...
View ArticleNCI appoints Bankstone to handle its claims
Insurance broker NCI Insurance Services has appointed Bankstone as its outsourced motor claims handling provider. Bankstone secured the deal after demonstrating its ability to extend and enhance its...
View ArticleAXA and DAC Beachcroft secure exemplary damages
AXA Insurance and law firm DAC Beachcroft have secured a major Court of Appeal ruling that could see fraudsters pay additional damages to insurers if their behaviour and conduct are deemed...
View ArticleAlmost 80 fraudsters guilty in major insurance fraud scam
A series of trials has concluded in which 77 fraudsters either pleaded or were found guilty for their role in a major insurance fraud scam. The conclusion to the trials on 15 June follows the second...
View ArticleTravel agent who stole £70,000 gets eight months in prison
A travel agent has been sentenced to eight months in prison for stealing more than £70,000 through a series of travel insurance cons. Travel agent Simon Dinham (pictured) pleaded guilty to three counts...
View ArticleAllianz promotes Stait to head of claims suppliers and experts
Allianz Insurance has appointed Graham Stait as head of claims suppliers and experts. The new appointment will also see Stait become a member of Allianz‘s claims management board. In his new role,...
View ArticleAnexo joins AIM market
Anexo Group is joining the AIM market in a bid to raise £25 million to fund its expansion plans. The claims management group, which operates specialist credit hire firm Edge and law firm Bond Turner,...
View ArticleVerisk buys claims management solutions and subrogation provider
Verisk is acquiring Validus-IVC, a provider of claims management solutions and developer of subrogation portal Verify. The integration of Norwich- and Bath-based Validus-IVC’s Verify platform with...
View ArticleDWF Dublin strengthens its insurance practice with new partner hire
Law firm DWF has appointed Adrian Flynn as a partner in Dublin, where he will work with the insurance team focusing on defendant personal injury claims. Joining from DAC Beachcroft, Flynn is an expert...
View ArticleRSA to extend use of industry database for pet insurance claims
RSA is extending its use of a pet insurance claims database following a successful trial in which the insurance company identified several suspect claims. CACHE Pet, which was developed by CRIF...
View ArticleChubb upgrades cyber incident response capabilities
Chubb has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service. The insurer has expanded its network of incident response management firms to...
View ArticleABI and Law Society criticise SRA professional indemnity proposals
Proposed changes to solicitors’ professional indemnity insurance cover could over-complicate the system and leave gaps in coverage, the Association of British Insurers (ABI) has said. The Solicitors...
View ArticleThatcham Research chief executive steps down
Peter Shaw, chief executive of Thatcham Research, has stepped down from his role due to ill-health. Shaw (pictured) has been chief executive and a board member for seven years. He steered Thatcham...
View ArticleSpeed Medical owner FL360 acquires expert witness company
FL360, the parent company of Speed Medical Examination Services and rehabilitation and injury management company Corporé, has acquired a provider of expert witness services. Foresight Clinical Services...
View ArticleKennedys boosts innovation focus with arrival of data scientists
Law firm Kennedys has recruited to scientists to boost its data science team and expand its plans for technology innovation. Dr Xi Liu has joined Kennedys as part of its Innovate UK Knowledge Transfer...
View ArticleRehab event demonstrates exoskeleton technology
The latest in exoskeleton technology was demonstrated recently at an event showcasing its potential to improve the lives of sufferers of neurological and multiple trauma injuries. Hosted at STEPS...
View ArticleFinal sentencing for fraudsters in massive crash for cash scam
The final sentences have been handed down to the fraudsters behind a large scale crash for cash scam. Between them, 77 defendants received a total of 123 months in custody, 296 months in suspended...
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