Insurance Post Staff

Commercial

RSA launches More Than Select in league with broking group

Junction, the BGL Group’s affinity partnerships arm, today announced a new relationship with RSA's direct business More Than which will see the launch of a new motor brand.

18 Jul 2008

Personal

Expats left underinsured by employers, warns Hiscox

British professionals abroad are dangerously underinsured, Hiscox has warned.

17 Jul 2008

Personal

Analysts predict bodyshops in steep decline

Research company Trend Tracker has forecasted a decline of over one-fifth in the number of body shops over the next five years, leading to seasonal and regional shortfalls in repair capacity by 2010.

17 Jul 2008

Lloyd's Brazil head named

Lloyd's has appointed Marco Antonio de Simas Castro as managing director, Lloyd's Brazil.

17 Jul 2008

Reinsurance

Guy Carp: prices 10-20% down at 1/7

Excess capital has caused soft market conditions to persist at July property and casualty reinsurance renewals, according to a briefing released by reinsurance broker Guy Carpenter.

17 Jul 2008

Cooper Gay secures £31.6m debt financing facility

Cooper Gay has signed a £31.6m senior debt financing facility with National Australia Bank, London, which it said will support its ongoing acquisition strategy.

17 Jul 2008

Personal

Hiscox overhauls HNW offering

Hiscox has announced changes to its art and private client offerings.

17 Jul 2008

Claims

MOJ reforms: Bridget Prentice to address Claims Club

Bridget Prentice MP, the parliamentary under secretary of state at the Ministry of Justice has confirmed she will now address the Post Magazine Claims Club Annual Conference on 9 October. The news follows rumblings in the market that the MOJ will make an…

17 Jul 2008

Aon adds to UK board

Aon has appointed Mark Chessher to the position of CFO of Aon and Aon Risk Services.

17 Jul 2008

Life Direct warns on Inheritance Tax

Neglecting to put a life policy into trust could give the Inland Revenue a windfall of £2bn, according to specialist online brokers Life Direct.

17 Jul 2008

Reinsurance

AM Best turns positive on Hannover Re

Ratings agency AM Best has affirmed Hannover Re’s financial strength rating of A and upped the rating's outlook to positive from stable. Best also has upgraded the firm’s issuer credit rating (ICR) to “a+” from “a”.

17 Jul 2008

Reinsurance

Swiss Re hit by $9.6bn holding of Fannie and Freddie debt

(BestWire) — reinsurance giant Swiss Re has disclosed it owns roughly $9.6 billion of corporate debt from troubled US government-backed mortgage lenders Freddie Mac and Fannie Mae.

17 Jul 2008

Commercial

Marsh appoints head of affinity development

Marsh has appointed Alastair Burns as head of affinity development and client management, a part of its global consumer connexions UK team.

17 Jul 2008

Personal

Assurant Solutions teams up with Irish Brokers Association

Assurant Solutions, a specialist in creating, underwriting and administering creditor insurance products, has partnered with the Irish Brokers Association (IBA) in an exclusive deal to develop payment protection products in Ireland.

17 Jul 2008

Regulation

Legal & General to use improved protection tool to help advisers increase profitability

Legal & General has launched a new tool to analyse the sales performance of advisers.

17 Jul 2008

Regulation

Retail Distribution Review criticised by Skandia

Skandia has said that the outcome of the Retail Distribution Review (RDR) should be applied to the entire financial services market in order to avoid customer confusion about the type of advice or service they are paying for.