Commercial
EU announces business initiative awards
The European Union has launched a new competition to recognise and reward outstanding initiatives that have supported entrepreneurship in villages, towns and cities across Europe.
Rubicon launches new motor product for Naafi Financial
Outsourced solutions provider Rubicon has launched a new car product for Naafi Financial. Using a panel of insurers to provide competitive quotes to as broad a range of personnel as possible, Rubicon has developed cover that is tailored to meet the…
Moorhouse launches premium finance facility
Commercial broker Moorhouse Group has launched a new single rate premium finance facility that it claims does not discriminate against smaller brokers.
Mystery shopping reveals payment protection mayhem
The Financial Services Authority’s own mystery shopping exercise into the selling of payment protection insurance has revealed a massive gulf between how the product is supposed to be sold and how it is sold in practice.
Brit puts Wilma bill at £37.5m
Brit Insurance has announced that claims arising from Hurricane Wilma, net of reinsurance recoveries and reinstatements, are an estimated £37.5m. The Group’s estimate of claims arising from Hurricanes Katrina (including New Orleans Flood), Rita and Wilma…
Misys develops premium finance solution
Misys has joined forces with Close Premium Finance to develop a fully integrated solution that will make arranging premium finance easier for brokers.
Chubb Europe makes Scandinavian expansion move
Chubb Insurance Company of Europe has opened its first office in Norway.
Penny Black's insurance week
Penny was interested to see a raft of moves to crackdown on uninsured drivers this week but did not ...
GE extends consulting product
Motor Report
A positive industry outlook breeds success
Last week, Peter Hubbard argued the insurance industry must do a better job of communicating its suc...
Is Fusion in bed with the monoliths?
When Fusion launched five years ago, its management team set out on a charm offensive to the broking...
Towergate aims to calm fears
Commercial insurance provider Fusion has attempted to quash suspicions raised over its future, follo...
Discontinued lines
The total destruction of tens of millions of pounds worth of Primark's clothing stock in last week's...
Claimants need a better deal
The immediate reaction of Nick Starling, the Association of British Insurers' director of general in...
Relaying assistance
Assistance market
Wolski leaves Brit Insurance
Philip Wolski has left Brit Insurance where he had been general manager of sales and marketing since...
Peter James steps down
The founding chairman of broker Footman James, Peter James has stepped down from the group to pursue...
Support networks
Outsourcing
Broker mulls legal action over defections
Two of the leading UK brokers could be set for a battle over the poaching of dozens of staff. Alexa...
FSCS declares 33 firms in default
The latest declaration by the FSCS on 9 November 2005.
Brit Insurance appoints non-executive director
Brit Insurance, today announces the appointment of Mr Joseph Patrick MacHale as a non-executive director with effect from 9 November 2005.
KKR exits from Willis investment
Willis has announced that two of its largest shareholders commenced a secondary offering of 6.1 million shares of common stock. The offered shares are being sold by Profit Sharing (Overseas), Limited Partnership, an affiliate of Kohlberg Kravis Roberts…
Robert Childs picked to run $500m Hiscox Bermuda
Hiscox today confirmed the establishment of Hiscox Bermuda and rights issue aimed at raising £170 million to finance the launch