News

• Personal

Third-party premiums more expensive

Third-party motor premiums are nearly £200 more expensive than comprehensive policies, according to ...

• 13 Apr 2006

Marsh launches new practice

Marsh has launched a new personal accident, contingency and entertainment practice. Led by team lead...

• 13 Apr 2006

• Regulation

ATE insurers fight for their future

After-the-event insurers are joining forces in a bid to stop a Court of Appeal judge slashing the pr...

• 13 Apr 2006

• Commercial

MBO to result in sales push

National Accident Helpline will expand its advertising across the internet and other non- traditiona...

• 13 Apr 2006

• Regulation

Tories woo insurers with tax promises

The Conservative Party has launched a charm offensive on the UK insurance industry, with London's Ci...

• 13 Apr 2006

• Commercial

RSA ups regional assault

Royal and Sun Alliance has launched an offering for large regional companies. Contour is aimed at b...

• 13 Apr 2006

Stand-alone terrorism insurance drop

With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance ha...

• 13 Apr 2006

• Reinsurance

Lloyd's not blown off course by hurricanes

Up to half of the syndicates in Lloyd's managed to produce profits in the 2005 calendar year, contri...

• 13 Apr 2006

• Commercial

Brokers made Conservative peers

Two high profile broking figures have been made working peers.

• 12 Apr 2006

• Personal

Avon Insurance wins High Court battle over injury claim

The Blackburn Rovers have lost a High Court battle to win multi-million pound damages claim over a career-ending back injury to forward Martin Dahlin.

• 12 Apr 2006

• Reinsurance

PXRE downgrades continue as S&P lower ratings

Standard & Poor's Ratings Services has lowered its counterparty credit ratings on PXRE Group and PXRE Corp. to 'B+' from 'BB-' and removed the ratings from CreditWatch negative where they were placed on Feb. 16, 2006.

• 12 Apr 2006

Glacier Re gains Mexican reinsurance licence

Glacier Reinsurance has announced that it has received a licence to write reinsurance business in Mexico. The licence, which was granted on 29th March, covers all areas of non-life reinsurance.

• 12 Apr 2006

• Reinsurance

PXRE ratings downgraded again by AM Best

AM Best has announced that it has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Very Good) and the issuer credit ratings (ICR) to "bb" from "bbb-" for the reinsurance subsidiaries of the PXRE Group.

• 12 Apr 2006

• Claims

Lawyer warns of new staged accident hot spots

Crashes at roundabouts are now a serious and persistent menace where motor fraud is concerned, according to a leading insurance expert.

• 12 Apr 2006

• Regulation

OFT probe could radically transform PPI industry

The Office of Fair Trading’s investigation into the £5.4bn payment protection insurance industry could radically transform the way in which key PPI players do business. Banks, credit card companies and insurers will need to be prepared for intense…

• 12 Apr 2006

K&W passes 30th anniversary

Hampshire-based broker Keelan Westall is celebrating its 30th birthday year in business. Established on 12 April 1976, the commercial property insurance broker enters its fourth decade with almost 100 employees and gross annual income of £30 million.

• 12 Apr 2006

• Regulation

FSA in 'easy-to-use guidebook' pledge

The Financial Services Authority claims to have designed a personal guidebook for all financial firms containing only relevant information which works by answering ten questions about their business.

• 12 Apr 2006

• Commercial

New claims post at Highway

Motor insurer Highway has appointed Lee Radley to the newly-created position of claims relationship manager. Mr Radley’s role will include acting as trouble-shooter and management point-of-contact for all brokers and intermediaries in respect of Highway…

• 12 Apr 2006