News
Zurich tops customer satisfaction chart, according to research
CFI Group has launched its UK National Customer Satisfaction Index for home and car insurance providers.
Argo reports Q3 net loss of $8.8m
Argo, the Bermudian (re)insurer, reported a third quarter net loss of $8.8m, down from a $74.2m gain this time last year.
BIBA Launch Group Personal Accident & Business Travel Scheme
The British Insurance Brokers’ Association (BIBA) has launched the BIBA Group Personal Accident & Business Travel scheme in partnership with ACE European Group.
AIFA urges FSA to restore consumer trust
The Association of Independent Financial Advisers (AIFA) today urged the FSA to use its impending announcement on the future of retail financial services as a force for good.
Crawford releases Q3 results
Loss adjuster Crawford has reported a rise in consolidated revenues in the third quarter.
Giles boosts Welsh presence
Giles has acquired Penarth-based NG Insurance, its sixth purchase in Wales in the last 12 months.
GoinGreen announce G-Wiz Insurance
GoinGreen, the retailer of the UK’s best selling electric vehicle the Reva G-Wiz, has launched the first dedicated insurance scheme for the G-Wiz driving community in London.
XL reports Q3 net loss of $1.65-1.67bn
XL, the Bermudian (re)insurer, reported third quarter net losses of $1.65-1.67bn, hit by its previously-reported charge of $1.4bn related to the seperation of the company from its beleagured credit insurer, SCA.
Abbey Legal Protection launches redundancy package
Abbey Legal Protection is launching a new package to help company bosses and HR departments with issues they face when dealing with staff redundancies. The firm said that the ‘Abbey Redundancy Package’ would be a one-stop service for firms of all sizes,…
Flagstone Q3 net loss $186.5m; optimistic about future
Flagstone Re, the Bermudian (re)insurer, reported third quarter net losses of $186.5m, compared to a net income of $66.2m in the corresponding period last year.
Swiss Re reports Q3 304m CHF loss; suspends share buyback
Swiss Re, one of the world's largest reinsurers, reported a third quarter loss of 304m CHF (£164.3m), and added that it has suspended its 7.75bn CHF (£4.18bn) buyback programme.
Brit appoints new portfolio director of long tail business
Brit Insurance, the UK-based international general insurance and reinsurance group, said it has appointed Stephen Moss to the newly-created role of portfolio director of long tail business, with its global markets division.
Health Secretary authorises NHS Top-Ups
Patients who choose to top-up their existing care will no longer be denied treatment on the NHS, following the Secretary of State for Health’s complete adoption of the recommendations laid out in the Richards Review.
Hartford to lay off 2% of workforce
(BESTWIRE) A week after posting a $2.6bn third-quarter loss, US insurer Hartford Financial Services Group Inc. said it is laying off nearly 2% of its total work force and may cut more jobs in January.
Marshall Wooldridge acquire HNH
Leeds-based Marshall Wooldridge has acquired the entire share capital of Garforth based HNH, writes Katherine Brandon, reporter, Professional Broking.
Hannover Re core operations recognised by S&P
Ratings agency Standard & Poor's has assigned its 'AA-' counterparty credit and insurer financial strength ratings to five foreign life and health reinsurance subsidiaries of Germany-based reinsurer Hannover Re; AA-/Stable/--): Hannover Life Reassurance…
Max Capital sees net loss of $163.2m
Max Capital Group has reported a net loss for the third quarter of 2008 of $163.2m compared to net income of $66.8m for the same period last year.
Venture Preference acquires broker
Venture Preference has acquired Northampton-based broker Newspace Insurance Services.
BIBA calls for change to help protect flood-zone properties
BIBA calls for change to help protect flood-zone properties The British Insurance Brokers' Association (BIBA) has called on the Government to work closely with the insurance industry to protect households and businesses across the UK from flooding.
Skandia exits ABI
Skandia UK has today announced it is ending its membership of the ABI. Addressing financial adviser delegates at a seminar in Southampton, Skandia UK CEO Nick Poyntz-Wright said Skandia’s business model clearly differentiates it from old style life and…
Axa launches new motor product for low risk drivers
Axa Insurance has launched Axa Car, a new personal lines intermediary (PLI) motor product for the low risk driver market.
Bulletin released for shipowners on avoiding pirates
The Standard P&I Club has released an eight-page special guidance report on how shipowners can minimise the dangers posed by pirates in the seas around Somalia.
Axa aims for top five place in motor
Axa has launched a new personal lines intermediary motor product called Axa Car, which it hopes will help put it in the top five providers by 2012.
Assurant Solutions Intermediary expands B&C team
Assurant Solutions Intermediary (ASI), has increased its building & contents insurance administration team by 10 people since July bringing the total headcount to 14, and the total number of employees based in York to 55.