Broker
Firms warned of hardline FSA approach
A UK insurance boss has welcomed the Financial Services Authority proposals to properly inform customers about packaged bank accounts.
Editor's comment: Offering a united front
Despite the speculation that the British Insurance Brokers’ Association may revert to its former name Biiba – the extra ‘i’ once standing for investment — following its merger with the Institute of Insurance Brokers, it has now been revealed that the…
News analysis: Is data mining a major factor in the PI claims spike?
The debate over referral fees has had more press time recently than whether The X Factor is on the wane or not. And just like the blow-by-blow tabloid accounts of the TV show, its judges and its contestants, the insurance industry is starting to get…
Merged trade bodies to fight for
A campaign to secure a more cost-effective regulatory environment for thousands of brokers will form the basis of the “historic” merger between the British Insurance Brokers’ Association and the Institute of Insurance Brokers.
Market moves: Insurers move for senior staff
For the second week running insurers were the major movers and shakers, with Ecclesiastical recruiting a managing director for Ireland, Aviva adding to its executive team, and NIG expanding its presence in London. In broking, Willis continued to make…
View from the top: A digital era dawns for the London market
The time feels right for grabbing the jewel in the crown of the London insurance markets reform programme — electronic support of the placement transaction. Aon has a long track record in pushing forward with market reforms that bring 21st Century e…
Rok - one year on: Bearing up after Rok
When Rok went into administration, insurers had to respond rapidly. One year on, how are they coping and what lessons have they learned?
Postscript: My best 11 Neill Johnstone, Lorega
Lorega’s group managing director Neill Johnstone calls upon his years of claims management experience to pick his Best XI, selecting from the blue half of West London and the insurance claims sector — with a surprise appearance from a boxing legend.
Comment: Delivering definitive data
The ability to know precisely where property risks are located and what risks surround those locations are vital elements of successful and accurate underwriting and pricing. To know that such data is regularly updated and maintained – and meets ISO…
Marketing: The power of advertising
Effective marketing can be a tough challenge for financial services providers and having a strong presence is not enough, it must also resonate with customers.
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
"Leaner and meaner" Oval to focus on wiping debt
Oval is aiming to wipe its net debt by 2014 but it is not ruling out making new hires and “selective acquisitions” in the meantime.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
Marsh insurance unit increases profit by 24%
Marsh & McLennan Companies’ today announced its risk and insurance services unit made an operating profit of $925m for the first nine months of 2010 – an increase of 24% on the previous year.
Building referral fee costs hit industry for ‘tens of millions of pounds’ – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including claims that referral fee costs that have escalated over the last two years to the point where they are now costing the industry tens of millions of pounds a…
Howden Broking launches energy division
Howden Broking today unveiled the launch of its energy division with the news that sector specialist Alan Brooks will be heading up the new department.
Open GI becomes payment service provider in ROI
Open GI has become a payment service provider in the Republic of Ireland with its new service, Credit Line Plus.
FSA and OFT publish draft guidance on PPI
The Financial Services Authority and the Office of Fair Trading have joined forces to help prevent the problems associated with payment protection insurance recurring in a new generation of products.
Marsh promotes head of international from within
Marsh has recruited the new head of its international division from within its ranks.
Parametrics simplify public entities insurance in nat-cat areas
Parametric trigger insurance is making it simpler to insure public entities in natural-catastrophe prone countries, says Cooper Gay’s Steve Jackson.
Esure launches two new broking brands
Esure will launch two new broking brands this month, as company bosses prepare to use a panel of external insurers to extend the firm’s reach within the car insurance market.
Talking head: Jack Straw
Former Justice Secretary Jack Straw has certainly made a name for himself this year with his crusade to outlaw referral fees.
Cooper Gay supports parametric cover
Cooper Gay’s Latin America CEO Steve Jackson has said catastrophe insurance could be simplified in developing countries by using parametric insurance – paying out on pre-agreed triggers rather the assessing damage. ther the assessing damage.