Broker
Telematics Expo: Industry must take the telematics plunge
Insurers were warned not to pontificate over the 'VHS or Betamax' debate and immerse themselves in telematics now or risk falling behind.
£300m broker levy "affordable", says FSA
The proposal to double the threshold for claims within the Financial Services Compensation Scheme to £300m for the general insurance broking sub-class was based on the "affordability" of the figure rather than on the likelihood of high-value claims.
Post magazine - 26 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Legal reform: Uncertainty abounds as Laspo countdown continues
The Legal Aid, Sentencing and Punishment of Offenders Act is set to be implemented in April, but insurers and lawyers are concerned by a lack of detail.
Olympics: Claims from the games
Terrorism, adverse weather and the outbreak of disease could all cause the cancellation of the Olympics. But could the industry cope if the Games were canned?
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.
Insurance Fraud Awards 2012 shortlist announced
Post can today reveal the shortlist for the 2012 Insurance Fraud Awards.
Hiscox combines media, entertainment and events operations
Specialist insurer Hiscox has merged its global media, entertainment and events operations in response to the changing nature of the sector.
Macmillan Sheikh unveils unoccupied properties scheme
Specialist broker and underwriting agent Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties.
Former Clyde partner launches new law firm
David Coupe, a former partner at Clyde & Co and Ince & Co, has launched EC3 Legal, a new City law firm focused on representing the intermediated insurance market.
Cobra shareholders accept Alto offer
Alto Intermediary's recommended cash offer to acquire Cobra has received more than 98% acceptance from the broker's shareholders.
Home insurance premiums set to rise
Property insurers must ensure they have adequate reserves to cover future claims arising from volatile weather patterns, AA Insurance has warned.
Motor premiums rise and fall as competition hots up
Average car insurance premiums for directly sold policies have risen by 8.5% over the past 12 months, while the average premium on policies sold on aggregators has fallen by 3.3% in the same period.
Teeside broker Henderson completes Arlington acquisition
Henderson Insurance Brokers Teeside has acquired north east firm Arlington, an independent financial advisors with a portfolio in excess of £100m.
Solicitors targeted following Prime Professions product launch
Prime Professions has teamed up with Axis Specialty to launch a new insurance product for solicitors.
EC approves acquisition of Groupama's Gan by Allianz France
The European Commission has cleared under the EU Merger Regulation Allianz's proposed acquisition of a non-life insurance portfolio of Groupama-owned Gan Eurocourtage.
Former broker fined £471 846 for misappropriating premiums
The Financial Services Authority has banned and fined a former commercial insurance broker who used clients' insurance premiums to fund his business.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
European companies underprepared for emerging risk
The majority of European companies feel underprepared for emerging risks including terrorism and political violence.
RSA hands Harrington-Rutterford global C&E role
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for its construction and engineering business.
Allianz teams up with Saracens rugby club in 'long-term' deal
Allianz has entered into a sponsorship deal with Premiership rugby club Saracens, in a deal which will see the north London side's new Hendon ground renamed Allianz Park.
RSA reaffirms affinity approach after sealing John Lewis deal
RSA has been appointed to provide wedding and event, pet and home insurance for John Lewis Insurance.
Hiscox replaced as Collegiate agrees PI underwriting facility with Canopius
Collegiate Underwriting has launched a new professional indemnity underwriting facility with Canopius, through its flagship Syndicate 4444, replacing a previous arrangement with Hiscox.
Schemes let down by insurers on service
Commercial schemes are continuing to grow in popularity, according to MMA, which has found that overall premium in commercial schemes grew by 25%in the first half of this year compared with the same period in 2012.