News
Fitch upgrades RSA, despite some capital concerns
Fitch Ratings has upgraded RSA's Insurer Financial Strength rating to 'A' from 'A-' and Long-term Issuer Default to 'A-' from 'BBB+'.
Hastings Direct hires former Eldon boss as managing director
Hastings Direct has appointed a new managing director for insurer services.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Acquisitive Higos buys another broker in South west drive
Higos Insurance Services has acquired Plymstock Insurance Centre, near Plymouth.
JLT granted South Africa license
Jardine Lloyd Thompson Group has confirmed that its South African business has been awarded a license to operate by the Financial Services Board.
Biba: regulation is bigger burden than tax
The regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays, the British Insurance Brokers’ Association has warned.
Chartis responds to SRA decision to scrap the ARP in 2013
Insurer Chartis has responded to the Solicitors Regulation Authority’s decision to replace the Assigned Risks Pool in 2013 with a system where insurers offer a three-month extended policy period to firms who cannot obtain professional indemnity insurance…
Biba: regulation is bigger burden than tax
The regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays, the British Insurance Brokers’ Association has warned.
Six in 10 unaware of uninsured driving crackdown
AA Insurance has welcomed the progress being made by the Department for Transport in putting the new Continuous Insurance Enforcement legislation into effect.
RFIB appoints aviation broker
Neil Coldwell has been appointed as an aviation broker at RFIB Group.
Willis: sufficient coverage harder to retain in politically volatile regions
A report from Willis has revealed that companies operating in politically volatile regions of the world may soon struggle to retain sufficient insurance coverage to protect their assets and staff.
FSA confirmed to discuss the FSCS
The Financial Service Authority is set to discuss the future and funding of the Financial Services Compensation Scheme at an All Party Parliamentary Group on Insurance and Financial Services meeting.
PwC welcomes “clearer” view of Solvency II
PwC has responded to the speech made by Julian Adams, FSA Director of Insurance, at the FSA Solvency II Conference today.
Prolegal joins the new Brain Injury Group
Brain Injury Group is a national network of expert brain injury lawyers working alongside a wide range of specialist support services.
Axis Claimspro targets global expansion
Axis Claimspro, the UK and International specialist loss adjusting operation and European division of Canada’s SCM Insurance Services, is targeting expansion of its specialist cash in transit dedicated claims support service on a worldwide basis
Allianz launches on Go Compare
Allianz Insurance’s online-only car insurance offering, Your Cover insurance, is now available Go Compare.
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Giles to sell life sciences business
Giles Insurance Brokers is to withdraw from the life sciences insurance market.
Axis Claimspro targets global expansion
Axis Claimspro, the UK and International specialist loss adjusting operation and European division of Canada’s SCM Insurance Services, is targeting expansion of its specialist cash in transit dedicated claims support service on a worldwide basis
Hastings unveils partnerships division
Hastings Insurance Services has launched a new specialist division to handle the company’s affinity and partnership business.
Lloyd’s confirms Nelson appointment
Lloyd’s has confirmed that John Nelson will become chairman of the insurance market in October replacing Lord Levene.
Parliament cracks down on uninsured drivers
A new system to tackle uninsured driving has moved a step closer with road safety minister Mike Penning laying the final regulations in Parliament.
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
HDI-Gerling swoops for Ace manager to open second UK office
Industrial insurance company HDI-Gerling has announced the creation of its second UK regional hub in Birmingham, England.