News
Financial ombudsman reveals sharp rise in PPI complaints
The Financial Ombudsman Service has revealed that payment protection insurance complaints rose to 24 955 for the period October to December 2010, up 17% from the previous three months.
Gallagher raises $125m to fund acquisitions
Arthur J Gallagher has completed a private placement of $125m of senior unsecured notes.
P&C director Price leaves Dual
Steven Price is leaving Dual Corporate Risks after just seven months at the Hyperion-owned underwriting agency, Post Online can reveal.
Aviva outlook revised to "stable" after "strong progress"
Standard & Poor's has revised its outlook on Aviva to stable from negative.
NIG defends aggressive “Guarantee to Beat” pricing campaign
Dave Parry, director of sales and distribution at NIG, has defended the firm’s March/April “Guarantee to Beat” pricing strategy, recently advertised to brokers.
Jackson Report: LEIG publishes response
The Legal Expenses Insurance Group has claimed that there is only the “perception” of a compensation culture in its response to the Jackson Report.
Keoghs appoints duo to senior roles
Keoghs has appointed two senior personnel to its team – a new partner specialising in disease claims, Carrie Hoey, and a new commercial director, Andrew Spice.
Axa appoints new head of group corporate responsibility
Axa has appointment of Mrs Gaëlle Olivier as chief executive officer of Axa’s property and casualty operations in Asia, effective 12 April.
Axa appoints new head of group corporate responsibility
Axa has appointment of Mrs Gaëlle Olivier as chief executive officer of Axa’s property and casualty operations in Asia, effective 12 April.
Delta Lloyd outlook revised to 'stable'
Standard & Poor's Ratings Services today revised the outlook of the Delta Lloyd ratings to 'stable' from 'negative'.
Delta Lloyd outlook revised to 'stable'
Standard & Poor's Ratings Services today revised the outlook of the Delta Lloyd ratings to 'stable' from 'negative'.
Ace shuffles European management team
Ace has made a raft of changes to its management team across Southern Europe.
Ace shuffles European management team
Ace has made a raft of changes to its management team across Southern Europe.
Medical intermediaries condemn 57% rise in FSCS fees
The Association of Medical Insurance Intermediaries has condemned the proposed 57% increase in this year’s Financial Services Compensation Scheme levy as "unfair, excessive and totally inappropriate".
Zurich UK GWP suffers $400m dip
The UK arm of insurer Zurich has announced gross written premiums of $2.8bn (£1.7bn) for 2010 - around $400m down on the sum for 2009.
Willis aims for $180m in global cost savings to fund end to pay freeze
Willis in undertake a global review of its operations in the first quarter of 2011 to help fund the end to its salary freeze.
Catlin bolsters 2010 result with US$144m reserve releases
Catlin Group this morning reported a US$406m (£253m) pre tax profit before tax for 2010 (2009: US$603m).
Zurich GI profit falls 23% to $2.67bn due to major losses
Zurich has reported that its general insurance business operating profit fell 23% in 2010 to $2.67bn (£1.7bn) (2009: $3.46bn).
Zurich GI profit falls 23% to $2.67bn due to major losses
Zurich has reported that its general insurance business operating profit fell 23% in 2010 to $2.67bn (£1.7bn) (2009: $3.46bn).
Claims Club news: Industry to take active role in the PAS 64 review
The Association of British insurers is to take an active role in the recently announced review of the standard for repairing flooded property — PAS 64 — after it was highlighted as an action point by one of the trade body's working parties.
Hastings first to pilot replacement scheme
Hastings is the first insurer to pilot lifestyle management and concierge company Red Onyx's new replacement vehicle scheme for total loss claims.
Mapfre plans global roll out of Insure & Go model
Spanish insurer Mapfre has revealed that it is set for a global roll out of its direct-to-consumer travel products, following its acquisition of Insure & Go.
Beazley targets M&A in the wake of Solvency II
Beazley expects to reap "significant benefits" from merger & acquisition opportunities presented by Solvency II, if the new rules prove difficult to implement for some insurers.
Ruling opens door for non-FSA approved indemnifiers
Legal expenses insurers have warned that a recent ruling could pave the way for solicitors without Financial Services Authority approval to offer indemnity against defendants' legal costs.