News
Brit Insurance delists
Lloyd’s insurer Brit has delisted its shares as it prepares to for its acquisition by Achilles.
Provident sale to be finalised today: sources
Sources close to the sale of motor insurer Provident to MMA parent Covea have confirmed the deal is expected to go through today.
Ageas completes retail management line up
Ageas has named Nick Lemans as finance director as part of a raft of new hires in its retail division.
Covea confirms Provident purchase
MMA parent company Covea has confirmed its purchase of Ally Financial-owned motor insurer Provident Insurance.
Generali chairman resigns
Chairman of Assicurazioni Generali Cesare Geronzi has resigned from his post today owing to differences that prevent his involvement in Generali.
Generali chairman resigns
Chairman of Assicurazioni Generali Cesare Geronzi has resigned from his post today owing to differences that prevent his involvement in Generali.
Willis opens Aberdeen office
Broking giant Willis has opened a new office in Aberdeen.
Aon Benfield launches earthquake model for Cyprus
Aon Benfield has launched an earthquake model for Cyprus, as insurers seek to increase their understanding of seismic risk in the region.
GAB agrees Dutch partnership
GAB Robins has announced a strategic partnership with Dutch adjuster Context.
Biba teams up with All Clear Insurance
The British Insurance Brokers’ Association has appointed All Clear Insurance as the provider of its new non standard medical travel scheme.
Ace to provide liability cover for government pension scheme
Ace and its partner The Occupational Pensions Defence Union (OPDU) have been selected to provide and administer pension trustee liability cover to the National Employment Savings Trust (NEST) Pension Corporation.
Novae releases initial Q1 major loss estimate
Novae estimates that the cost of the Japanese earthquake and tsunami to be between US$25 million and US$40 million, based on an insured market loss of US$20 and US$30 billion.
Aon Benfield launches earthquake model for Cyprus
Aon Benfield has launched an earthquake model for Cyprus, as insurers seek to increase their understanding of seismic risk in the region.
GAB agrees Dutch partnership
GAB Robins has announced a strategic partnership with Dutch adjuster Context.
E-business: Five insurers set for direct mobile launches by 2012
The future is bright for mobile technology as it becomes an increasingly important distribution channel for insurance products and services, according to Swiftcover head of innovation Ambarish Mitra.
Career development & CSR: confidence in financial sector weakens further
Professionals working in insurance, banking and finance are becoming less confident in their sectors, according to analysis by Grant Thornton and ICAEW.
NIG: we are not irresponsible
NIG has reiterated its claim that it is not guilty of irresponsible underwriting, despite complaints within the market that its rates have fallen by more than 30% following the launch of its 'Guarantee to Beat' price match deal.
E-business: Customer service must be priority
The chief executive of online commercial provider Simply Business has said the insurance industry must become more customer-centric if it is to catch up with the online revolution.
E-business: Google arrival means aggregators will have to work harder
Price comparison sites have been urged to "pedal harder" following the arrival of Google in the aggregator market.
FSA to debate FSCS fees after industry pressure
Jonathan Evans MP has confirmed the Financial Services Authority will discuss Financial Services Compensation Scheme fees with MPs, following pressure from the insurance industry.
Co-op to increase aggregator usage
Co-operative Insurance has set its sights on growing its household book by widening its use of aggregators as a means of distribution.
Axa cuts to hit commercial
Sources close to Axa UK's personal lines division and broker Bluefin have insisted management cuts will only affect commercial lines.
Mapfre overhauls travel cover offering
Spanish insurer Mapfre has revamped its direct travel policy following a relaunch of its online provider Insure & Go.
Biba and IIB warn members over Bribery Act compliance
The British Insurance Brokers' Association and the Institute of Insurance Brokers have urged members to start putting measures in place to comply with the forthcoming Bribery Act.