News
FSA slams RBSI for ‘unfair’ pet terms
The Financial Services Authority has told RBSI to cease using a term in its Direct Line pet insurance that it suggests may be unfair and has reported the insurer to the Office of Fair Trading.
Riot report criticises insurers on claims
A government-backed report into businesses and homeowners hit by the riots has slated insurers for slow and inadequate claims payments and providing lack of help. It suggested insurers had favoured big businesses.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
CGI expands with Ageas appointment
Congregational & General has appointed Andy Squires as head of underwriting as the company claims to be facing a period of unprecedented growth.
Italy sees decreasing RTAs
Road accidents, casualties and the number of injured people are decreasing in Italy, according to the latest report by ISTAT, Italy's national statistics bureau, and the Automobile Club d'Italia.
More competition needed in Italian insurance says Antitrust Authority
There is not enough competition among insurance companies in Italy, according to Antitrust Authority president Antonio Catricalà.
Health & safety law to be 'clarified'
The government has said it will slash the burden on employers and their liability insurers in the wake of recommendation from its independent review of health and safety legislation.
Aioi Nissay Dowa (China) achieves A- rating
Aioi Nissay Dowa Insurance (China) Company has had its financial strength rating of A- (Excellent) and issuer credit rating of “a-” confirmed with stable outlooks for both.
US reinsurers report worsening COR
The Reinsurance Association of America has reported that 19 US property-casualty reinsurers wrote $18.3bn of net premiums during the nine-months ended 30 September 2010 compared to $18.7bn for the same period in 2009.
Hiscox HNW boss joins Barbican
Former Hiscox high net worth head Austyn Tusler is to become head of UK insurance at Barbican in January.
Cobra splits into retail and wholesale
Cobra Holdings has split itself into wholesale and retail divisions and made its broker network boss John Lincoln head of the wholesale division.
Reynolds’ new recruit marks start of southern expansion plans
Credit insurance broker Reynolds has recruited Andrew Carnie, pictured, to its trade credit team in a move hoped to boost the firm’s presence in the south.
ULR Additions to appeal Webster Dixon decision
ULR Additions has lodged an appeal in the Webster Dixon case against the judgment which will force it to pay higher fees to non-panel solicitors chosen by legal expenses policyholders.
Aviva boss explains Scottish move
Aviva trading director Jonathan Neill this afternoon told Post that the decision to establish a regional broking operation in Scotland was made following company research which highlighted six major UK “insurance hubs”.
A Plan to open more branches as brokerage breaks £50m barrier
High street personal lines broker A Plan has reported a 19% growth in operating profit for the 12 months ended 28 February 2011 to £19 95m (2010: £16.79m).
Marsh launches EMEA renewable power practice
Broker Marsh has launched a Europe, Middle East and Africa renewable power & cleantech practice.
Aviva revamps broking structure
Aviva is to move from a five to six-region structure including Scotland, reorganising of its 29 branch network effective immediately.
Matthews CEO on Friday
Aviva has confirmed that Trevor Matthews, pictured, will join the board as chief executive officer of Aviva UK from 2 December 2011.
Ellis Clowes backs Help for Heroes rugby match on and off the pitch
Lloyd’s broker Ellis Clowes’ new business development consultant and Saracens rugby star Hugh Vyvyan is playing in the all-star Heroes Rugby Challenge at Twickenham on Saturday to raise funds for Help for Heroes.
Jubilee to provide European car hire cover for Towergate
Specialist Lloyd’s insurer Jubilee has been appointed to extend the coverage of Insurance4carhire to Europe.
National Windscreens expands insurance team
National Windscreens has recruited an additional national account manager to manage its portfolio of insurance accounts.
AIR joins with Intermap for European cat modelling
AIR Worldwide has entered into an agreement with Intermap for it to provide high-resolution elevation data to be used in the development of new catastrophe models for select European countries.
Jelf names business development director
Jelf Insurance Brokers has appointed Towergate’s Steve Careford business development director.
Howden announces two new hires
Howden Insurance Brokers has appointed Karen Kutger and Dawn Sequeira to its wholesale and reinsurance division.