Commercial
Aerospace cost declines
The price of insurance for the aerospace industry looks set to continue to decline in 2010, for the fourth year in a row, according to Aon's Aerospace insurance markets outlook 2010 report.
Axa targets £150m with mid-corporate launch
Axa Insurance is targeting £150m in new business by the end of 2012, after launching its mid-corporate offering to market.
Marsh reshapes national corporate team
Following completion of its acquisition of HSBC Insurance Brokers on 1 April, Marsh is adding to its UK national corporate leadership team.
‘Toxic sofa’ victims to receive £20m pay out
The High Court has ordered three furniture retailers to pay £20m to customers who received serious burns from sofas manufactured in China in what is thought to be the largest group litigation in UK legal history.
Power Place saves time claims CEO
Power Place has published research claiming that brokers using the online commercial insurance marketplace can generate comparative quotes four times more quickly than using insurer extranets.
Open GI aggregator quotes top £2m
Insurance quotes generated by Open GI’s market-leading E-Aggregator solution have risen above two million per day.
Quinn to elect staff reps in light of redundancies
Quinn Insurance has said it will work with employees to formally elect employee representatives for each of its sites to ensure staff views are incorporated into their assessment and decision-making process.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Groupama begins broker roadshows
Groupama Insurances is hitting the road with a series of broker roadshows as part of its ongoing commitment to develop close and individual relationships with commercial brokers across the UK.
Angel purchase to give Catlin SME boost
Catlin has signalled its intent to increase its regional small to medium-sized enterprise footprint following the acquisition of Colchester-based managing general agent Angel Underwriting.
Ex Swiss Re ILS head joins Willis for capital markets push
Willis has appointed Bill Dubinsky as managing director and head of insurance-linked securities for its Willis Capital Markets & Advisory arm.
Broker's technology unit boosted with win
CBG Group – the insurance broker and financial services intermediary – has added photography specialist, sUAVe UAV Enterprises, to its portfolio.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
Postscript 30 years ago: Mancunian speaks out over fraud
The Manchester Marine Insurance Association had its 76th annual general meeting last month. Its outgoing chairman, Mr H E Wright of Eagle Star made some pungent comments that are worthy of record in this day and age of supertanker scuttlings and the rest.
Law Reports: Claimant fails to shift blame in electrocution judgment
Paul Tyrone Mann v Northern Electric Distribution (Court of Appeal — 26 February 2010)
SME Affinity: Learning to fly
The SME sector may well be worth £9bn, but for non-insurance brands it is proving a tough affinity market to crack. Alistair Hardie explains how micro-commercial can be made profitable for all.
Regional Review - Glasgow: Local strength
With significant activity already in 2010 and the emergence of a new financial district, the Glasgow insurance market looks set for further growth. Mairi MacDonald assesses the financial landscape in Scotland's largest city.
Interview - Matthew Reed: Ship shape and Bristol fashion
Power Place chief executive Matthew Reed took a circuitous route into the insurance industry, after a stint in the Navy. Mairi MacDonald asks him about his plans for the firm and how he intends to drive the business forward.
10 new partners at Clyde
Clyde & Co has promoted 10 partners, effective from 1 May 2010.
Pavey Group buys rival and aims for growth
Exeter-based broker Pavey Group plans to "aggressively grow" its commercial business, after acquiring the commercial team and clients of fellow Exeter broker RK Shipman.
View from the top: Exceeding expectations
The debate over short-termism and shareholder value that has been echoing around the nation's boardrooms of late, could and should have a profound impact on the way we promote customer service.
Mutuals welcome Lib Dems manifesto nod
The Association of Financial Mutuals has welcomed the Liberal Democrats' vow to support the mutual sector in playing a larger role in the future of financial services, if the party forms part of a new government.
White Oak planted
White Oak Underwriting Agency has commenced underwriting, initially targeting the automobile and mobile equipment industries.