Largest property claim source is water escape say Lockton

IFB appoints Andrew Buck to roll-out Insurance Fraud Register

The Insurance Fraud Bureau (IFB) has recruited Andrew Buck to oversee the launch of the industry’s ground-breaking Insurance Fraud Register (IFR). Buck, a former Claims Fraud Manager at Aviva, will help roll-out the UK’s first register of known fraudsters to customers across the industry, whilst managing the integrity of data loaded on to the IFR. [...]

BGL Group appoints new board director

The BGL Group today announced the appointment of David Downie to a new Board-level position, ‘Group Director of Intermediated Businesses’. David joins the Group from HSS Hire Group, the UK’s fastest growing large ‘Tool and Hire’ company. As Chief Operating Officer, David’s responsibilities included branch and central operations, commercial, supply chain, contact centres and customer [...]

RSA unifies global specialty businesses

Global insurer RSA announced that from 1 June all of its regional speciality businesses will come under the insurer’s Global Speciality Lines (GSL) division. Included in GSL will be Construction & Engineering and Renewable Energy (led by Steve Kingshott), Marine (led by Richard Turner), and Risk Managed Business (led by Paul Greensmith). UK Underwriting Director [...]

ABI reports on rising cost of metal theft

The Association of British Insurers (ABI) has reported that over £1m per week is being paid out by insurers due to metal theft. The annual cost of the rising metal crime for the UK economy has been estimated at £770m, with an estimated 1,000 incidents every week. The weekly incidence rate has doubled from 2007, [...]

Only 15% of UK workers insured against ill-health

Only 15% of UK workers have any form of insurance against ill-health preventing them from earning a living, with just 7% receiving the insurance as part of their employee benefits package, new research from MetLife suggests. The insurance gap is at its widest for those aged 55 and over as only 12% of this group [...]