Commercial
CGNU buys Fortis.
Insurer CGNU is to acquire the Australian general insurance business of insurer Fortis for £111m in ...
In the swim.
While insurance companies have been slow to dip their toes in the outsourcing pool, the last decade has seen many realise the benefits of relaxing control - particularly concerning IT functions - and they are now racing to take the plunge, says David…
Are cyberbenefits paying off?
The choices for buying insurance have never been wider, and while some personal lines intermediaries have gone for the internet in a big way, there is still some reticence on the part of the public to enter into the spirit of the electronic age, says…
Appointment at NIG.
NIG has made two new appointments within its commercial division. Peter Young becomes manager for bu...
RSA drops Direct.
Direct Line is confident of maintaining its position as the market leading direct writer despite Roy...
Engineering change.
As plant and equipment is upgraded and new legislation is introduced in engineering, insurers are having to devise new strategies and products to keep pace with the constant changes that have historically characterised this sector, says David Fanning.
Mediquote set to expand and push into consumer market.
Mediquote, the comparative private medical insurance portal owned by software provider Sirius, is se...
WISe and ACORD to merge.
Standards bodies for the insurance industry WISe and ACORD are to merge and create a single non-prof...
Independent brokers look set to struggle to replace cover.
Fears were expressed this week that Independent Insurance's brokers might struggle to find replacemen...
Culture of blame and distrust.
I read with interest the article Turning up the heat (see below), in which some of the great and good...
The wire brigade.
Insurers and brokers are understandably cautious when it comes to committing themselves to new technology, but will the ASP model, now being touted by software houses as the most efficient and cost-effective way to wire them up for better business, catch…
Throwing out of three-year accounting system inevitable.
Getting rid of the three-year accounting system is an inevitability, according to Charles Harbord-Ha...
DVT poses bankruptcy threat to aviation.
Deep vein thrombosis could bankrupt the aviation market, according to a leading Lloyd's underwriter. ...
Virtual start-up targets big brands.
A new virtual insurance operation, Rubicon, is set to be launched this week, with an initial acquisi...
Independent's day?
This week, Independent went into provisional liquidation in a move that shocked the industry. Anthony Gould attempts to unravel what went wrong.
Cornhill cover means the show can go on.
Cornhill insurance celebrated the signing of a deal this week that will see the company providing co...
Lloyd's behaviour criticised.
Christopher Hitchens, European insurance analyst at Commerzbank Securities, warned Lloyd's that it w...
Call for Names to support Lloyd's.
David Shipley, lead underwriter of start-up syndicate 2791, exhorted Names to continue to offer supp...
Waking up to e-risks.
The e-tail revolution is here, and with e-risk exposure rising rapidly, the lack of provision among companies relying on the internet is alarming. But some insurers have woken up to the call for specialist covers tailored to the changing e-needs of…
Unlocking market potential.
Independent financial advisers are having to look elsewhere for income as they find their commission reduced by stakeholder. The greatest opportunities exist in corporate protection - particularly key person insurance - and they are using their…
TUG partnership.
Towergate Underwriting Group has become the preferred provider of general insurance products to the ...
Casualties loom for Solicitors' PI players.
Insurers in the solicitors' professional indemnity sector are facing further heavy losses next seaso...
Brokersure.go ready for lift off.
Cox Insurance Holdings' internet-based broking system brokersure.go is now "fully developed" and rea...
NIG profits rise.
Broker-only insurer NIG has reported a pre-tax profit for 2000 of £22m. Gross assets increased to ov...