Post - 2011-06-30

Penny Black's insurance week

Last week, Penny found herself at the Association of British Insurers' biennial conference, where star guests included business secretary Vince Cable, Allianz chairman Clement Booth and BBC political editor Nick Robinson.

Lorica targets leisure parks with niche team

Lorica Insurance Brokers is aiming to build its multi-niche offering by expanding in the leisure sector, after taking on two specialists from JLT. Paul Brearton, who left JLT last September, and Robert Kluth, who is finishing his gardening leave, join…

Household - Flood risk: Removing the safety net

In two years, the insurance industry's pact with central government to provide flood cover for at-risk properties will cease to exist. Ralph Savage reports on how insurers are planning to meet the challenge post-2013.

Household - Subsidence: Will the cracks show?

With the industry teetering on the verge of a major subsidence event, Mike Dupelycz takes a look at what lessons can be learnt from previous events and whether the industry is equipped to deal with a potential surge.

Editor's comment: Referral fees witch hunt

Well, it was bound to happen sooner or later: public outrage at referral fees and the "gobsmacking" practice of insurers making money from passing on details of claimants to personal injury solicitors. Few, however, would have put money on it emanating…

Law firms poised for top-25 merger

Legal bosses from Beachcroft and Davies Arnold Cooper are remaining tight-lipped over merger talks — despite market speculation a decision could be reached within a week.

Ex-HSBC staff to support Capewell's venture

A team of former HSBC Insurance Brokers employees are poised to facilitate the launch of the new venture headed by Martyn Capewell, the chief executive of the bank's now defunct insurer arm.

Keoghs boss: motor claims costs to rise under reforms

The Ministry of Justice should "refocus on cost" if Lord Justice Jackson's reforms are to deliver lower premiums for customers. Steve Thomas, director of market affairs at law firm Keoghs, has warned the government consultation that started in August…

CMC numbers up 20%

The Institute and Faculty of Actuaries has found the number of claims management companies assisting with injury claims in the UK has risen by 20% in 12 months.

Allianz wins £150m BMW deal from RBSI

Allianz Insurance has expanded its partnership with BMW Financial Services after winning a deal to provide car, home and travel products to customers of the car manufacturing giant from Royal Bank of Scotland Insurance.

Aviva major acquisition spree 'unlikely'

Major acquisitions to fast-track the creation of a multi-brand general insurance strategy for Aviva are unlikely, despite the £600m windfall set to be secured from last week's sale of roadside assistance provider RAC, according to analyst Eamonn Flanagan.

Escott returns to London market as Capita MD

The former boss of Brit Insurance's UK business has returned to the London market commercial space with Capita. Brent Escott — who worked for the Lloyd's group between 2002 and 2007, holding the position of managing director of the UK division, before…

Axa ready for referrals ‘hurt’

Axa UK’s decision to stop accepting referral fees will “hurt” it in the short term and lose it several millions of pounds in income, but it is looking to the “longer-term prize” of getting bodily injury claims under control, according to personal lines…