News
Shopping around could save customers 45% according to Gocompare
The difference between the average price and the cheapest home insurance policy can be as much as 45% according to new figures from insurance comparison site Gocompare.com.
Post Pick of the Week
Post reporter Alwynne Gwilt and editor Jonathan Swift look at the week's major general insurance news including the future of RBSI; Morrison's plans to enter the general insurance market; an important test case which clouds the future of local authority…
Miller hires Willis exec as director of reinsurance
London-headquartered Miller Insurance Services has announced that Michael Pipkin has joined the company as a director of its reinsurance business unit.
Provident extends fraud deal
Provident Insurance has renewed its use of Digilog UK’s advanced validation solution for an additional three years.
Zurich launches new UK unit
Zurich Global Corporate’s mergers and acquisitions unit has expanded its operation through the opening of an office in London.
Liberty Mutual agrees to $6.2bn takeover of Safeco
US insurer Liberty Mutual has agreed to a $6.2bn buyout of US rival Safeco.
Board appointment for Helphire
Helphire has appointed Dr Reiner Hagemann to its board as non-executive director with effect from 1 May.
FSA brings in banking heavyweight
The Financial Services Authority (FSA) has appointed Naguib Kheraj as senior advisor to the Supervisory Enhancement Programme (SEP), reporting directly to Hector Sants, chief executive of the FSA.
Bupa supports ABI PMI figures
Health insurer Bupa has said its own figures supports the Association of British Insurers claims that private medical insurance now covers over six million people in the UK.
PMI breaks six million mark says ABI
The number of people covered by Private Medical Insurance broke the six million mark for the first time in five years, according to latest figures from the Association of British Insurers .
XL's Q1 net income drops 56%
Bermudian (re)insurer XL Capital reported a 56% drop in net income over the first quarter of the year, due to difficult credit conditions and dropping property and casualty insurance pricing.
Everest Re Q1 net income slides; operating income down 40%
Everest Re, the US reinsurer, said that first quarter net income dropped to $77.9m from $297.6m the year before.
Do more to protect customers' personal details, warns FSA
The Financial Services Authority (FSA) is urging firms to change their attitude to data security and do more to help prevent their customers falling victim to identity fraud and other types of financial crime.
Willis launches carrier benchmarking tool
Willis has launched what it claims is the world’s first carrier benchmarking tool, the Willis Quality Index.
Bupa Travel Services wins Emirates deal
Bupa Travel Services has won a deal to provide travel insurance for Emirates Airline's 20 million passengers to offer extra peace of mind when they travel.
FSA and treasury launch consultation on EU insurance sector
A discussion paper on the UK's proposals to reduce the administrative burden on insurance groups operating in the European Union has been launched by the Treasury and the Financial Services Authority.
William Russell launches life and income protection plans for expats
William Russell has launched its 2008 Global Life insurance and Global Income Protection plans for expatriates with improved benefits and prices held at 2005 levels for the third year running.
FSA and treasury launch consultation on EU insurance sector
A discussion paper on the UK's proposals to reduce the administrative burden on insurance groups operating in the European Union has been launched by the Treasury and the Financial Services Authority.
AIG holds talks over RBSI buyout say sources
AIG has held preliminary talks with Royal Bank of Scotland about the buyout of the UK’s bank’s insurance operations, sources close to the situation told Reinsurance Magazine.
Platinum's Q1 net income jumps 44%
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, said that first quarter net income increased 44% over the same period last year.
Howden and Zurich team up
Lloyd's broker Howden has announced a new partnership with Zurich to underwrite its British Insurance Brokers' Association accredited scheme for brokers’ professional indemnity.
Howden partners with Zurich for Biba accredited broker PI scheme
Howden the Lloyd’s broker offering a range of specialist insurances has confirmed an exclusive partnership with Zurich to underwrite its British Insurance Brokers' Association (Biba) accredited scheme for brokers’ professional indemnity (PI).
QBE extends offer for IAG
QBE’s offer to merge with Insurance Australia Group has been extended until 5 May.
Aon and Ecclesiastical combine for doctor/dentist product
Insurance broker Aon, in partnership with insurer Ecclesiastical, has launched Practicecare, an insurance policy designed to meet the specific needs of doctors and dentists in the UK.