News
Government launches travel insurance inquiry
The Economic Secretary to the Treasury, Ed Balls, today announced a new inquiry into the sale of travel insurance purchased as part of a package.
Vandals cost UK businesses £620m a year
Petty criminals and vehicle vandals are costing UK businesses £620 million a year, according to figures released by insurer Royal & SunAlliance.
Lloyd's issues broker research paper
Insurance brokers believe that changing distribution trends present them with both their biggest challenge and their greatest opportunity, new research reveals.
Swiss Re posts first half profit
Swiss Re has reported successful first half 2006 results with net income of CHF 1.6bn, up 16% compared to a strong first half of 2005. Annualised return on equity was 13.9% and shareholders’ equity increased 18% to CHF 27.1bn.
Wellington claims Avian flu policy first
Wellington Underwriting Agencies, a wholly owned subsidiary of Wellington Underwriting and manager of Wellington Syndicate 2020 at Lloyd’s, today announced the launch of a new underwriting product, Avian Influenza business interruption insurance. This…
RBSI sees 14% growth in continental policyholders while UK remains "broadly stable"
Royal Bank of Scotland Insurance today revealed that its income rose 3% to £2761m, with profit up 4% to £453m.
Lloyds TSB Insurance profits up 21%
Lloyds TSB Insurance has reported double digit growth in profit before tax up 21 per cent (£20 million) to £114 million during the first half of the year. The company said its results reflect continued progress made in the implementation of new…
IIB launches online trading facility
The Institute of Insurance Brokers has launched an on-line trading facility for its members.
SLE appoints personal accident underwriting manager
SLE Worldwide has appointed Jay Thacker as personal accident underwriting manager to develop and manage a portfolio of sports, leisure, entertainment and non-sports business.
Charman pays out £48m in divorce case
John Charman has been ordered by the High Court to pay his former wife a total of £48m, in what is believed to be the biggest divorce award in legal history.
Helphire appoints head of sales
Helphire Group has appointed Phil Weller as head of sales and client relations for the Angel Assistance and Helphire UK brands.
Munich Re chalks up first half 2006 profit
Munich Re has announced that its profit for the first six months amounted to €2.1bn (1st half-year 2005: €876m), with the operating result rising by 48.6% to €3.3bn (2.2bn).
Universal re-signs GM contract
Car manufacturer General Motors has re-signed a three year contract (with a two year extension option clause) with Universal Vehicle Services, for its vehicle salvage and contentious vehicle disposal management in the UK.
Axa UK up despite creditor slump
Axa UK this morning reported total general and health insurance revenues increased by 8% in the first half of 2006 to £1.7 bn.
IFS to launch new qualification
The Institute of Financial Services is set to launch a new regulatory qualification for supervisors....
Lloyd's rewards hard work in India
Lloyd's has created a new annual award of £1000 for the best student from India's Institute of Insur...
Time to Test Yourself: A selection of questions from various past-CII exam papers
Whether studying for Chartered Insurance Institute exams or just to test yourself, see how you do. ...
Apprentice makes his mark
BIB Underwriters has offered a permanent job to one of its apprentice insurance underwriters just ni...
Industry faces £2bn bill after appeal defeat
Insurers are unlikely to get any clarification over injury care costs paid for by periodical payment...
Pay freeze JLT sees costs and salaries jump £16m
Jardine Lloyd Thompson's six-month interim results published this week have revealed that salaries a...
Penny Black's insurance week
One was feeling in a particularly arty mood last week in line with the insurance industry, as Penny ...
Bond fire highlights concerns
The fire at the 007 stage at Pinewood Studios has highlighted the need for clarity in building regul...
Law review moves to the next stage
The Law Commission will release the first of its discussion issues papers into insurance contract la...
Swiftcover call centre staff
Swiftcover aims to more than double its number of call centre staff over the next year, the online-o...