News
Ecclesiastical CEO lays down challenge after second best group performance
Ecclesiastical has reported a re-tax profit of £77.1m for the year ending 31st December, the second-highest ever in its history.
Insurer opens new office in Dublin to target Irish brokers
CNA has recruited David Leary to establish a presence in the Irish broker market.
Moneysupermarket adds 25 brokers in CDL tie up
Price comparison website moneysupermarket.com has added to its extensive list of intermediaries with the implementation of CDL’s aggregator module, and now has access to 25 intermediaries within CDL’s broking community.
Biba unhappy with FSA proposal
The British Insurance Brokers' Association this afternoon has responded to the Fianncial Services Authority's statement on ICOB rules
Police raid printing company over insurance fraud
Police in Lancashire are warning motorists to be aware of bogus insurance documentation after raiding a printing company’s business address in Blackpool town centre yesterday.
$300m insurance payouts to Holocaust survivors
Holocaust survivors and their heirs have been awarded more than $300m in valid insurance claims following the conclusion of the claims and appeals process in an inquiry by the International Commission on Holocaust Era Insurance Claims (ICHEIC).
Insurance Partnership Financial Services appoints management team
The newly launched Insurance Partnership Financial Services Group has appointed its new management team. The new group, formed by three successful local companies – Lifestyle Financial Services, The Insurance Partnership and East Yorkshire Financial…
First Assist given private equity injection
Barclays Private Equity has announced "a significant new investment" in FirstAssist Services. A primary use of the investment will be in the implementation of a new customer service system, as well as enhancements to FirstAssist’s key service areas,…
Insurecom expands i-market capabilities
Insurecom has expanded its I-market integration delivery programme to include shops, offices, tradesman, pubs, restaurants and hotel products.
Joyce appointed at Dual for northern regional push
Dual Corporate Risks has appointed Martin Joyce as business development manager to support its fast growing regional office in Manchester and expand the group’s regional relationships.
FSA reconsiders ICOB rules
An interim report published today by the Financial Services Authority claims to demonstrate that consumer experiences and risk of detriment vary substantially across the various markets for general insurance products.
Benfield Fac headcount up with PWS defection
Reinsurance broker Benfield has announced the appointment of Tony Dryden to its global Facultative Solutions team. Mr. Dryden will be based in Benfield’s Singapore office, focusing on property and energy facultative reinsurance.
American Re-opened wounds spoil Munich Re 2006 results
Giant reinsurer Munich Re’s bumper 2006 annual results have masked substantial further reserve increases at its US reinsurance business a year after the group said it had drawn a line under a painful reserve-strengthening exercise in its US subsidiary.
FSSC launches endorsement of T & C schemes consultation
The Financial Services Skills Council (FSSC) will launch a consultation to gauge the level of industry interest for an Endorsement of Training and Competence (T&C) Scheme.
FSA tells general insurance intermediaries no excuse for failing to protect client money
The Financial Services Authority (FSA) said that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked improvement.
FSA – Latest developments on Payment Protection Insurance (PPI)
Stuart King, head of Retail Intelligence and Regulatory Themes at the Financial Services Authority (FSA), outlined in a recent speech the estimated size of the PPI market.
Chaucer profits grow seven-fold
Chaucer Holdings has impressed analysts with record pre-tax profits of £86m for 2006, almost seven times higher than for 2005.
Worst-ever hurricane season forecast from TSR for 2007
Climatologists at Tropical Storm Risk (TSR), have increased their forecast for Atlantic hurricane activity in 2007 to a level 75% above the historical average — its worst-ever prediction since forecasting began in 1984.
Brit poaches Markel man for contingency account
Brit Insurance has announced that Richard Gaunt has joined its contingency team.
Thatcham plans crash repair standards formula
Following closely after the launch of a Kitemark standard for crash repair, insurer funded research centre Thatcham, has announced its intention to formulate a standard for crash repair methods.
FSA sets outs reforms to funding of Compensation Scheme
The Financial Services Authority (FSA) today set out proposals to reform the funding of the Financial Services Compensation Scheme (FSCS).
Lancashire Dubai office gets licence
Class of 2005 Bermudian start-up (re)insurer Lancashire has announced that its subsidiary Lancashire Marketing Services (Middle East) Limited has received authorisation from the Dubai Financial Services Authority (DFSA) in the Dubai International…
Regulator proposes compensation scheme capacity of up to £4.4bn
The Financial Services Authority has set out proposals to reform the funding of the Financial Services Compensation Scheme.
A speech by the FSA on TCF - Progress and Next Steps
Speech by Sarah Wilson, Director Retail Firms Division, FSA Freshfields Bruckhaus Deringer: TCF Seminar 19 March, 2007