News
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.
Claims Club news: IFB: application fraud 'Achilles heel' warning
Application fraud is "potentially an Achilles heel" for the UK insurance industry.
Post history - 50 years ago: Fitter wins £27 000 for limb loss
Looking through Post's back catalogue paints a unique picture of more than 150 yeas of insurance news, as this highlight from 50 years ago reveals.
Post history - 10 years ago: Intermediary accused of mis-selling
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Claims Club news: Ombudsman relying on third parties as caseload increases
The Financial Ombudsman Service is making increasing use of outsourcing as it battles to keep up with the volume of cases it has to deal with, especially in the payment protection sector.
MGA remains upbeat despite slow progress
Affinity Insurance Management, an appointed representative of Affinity Scheme Insurance, has disclosed a £150 867 loss in its first full-year of trading, and warned about its future viability.
Biba calls for intermediary split after shock FSCS hike
Insurance brokers have reacted angrily to Financial Services Compensation Scheme proposals to increase their fees to more than £90m for 2011/2012.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
RSA property launch boosts SME ambition
RSA is set to launch a new property product next month as part of wider plans to become a top-five player in the SME sector.
Claims Club news: Extra capacity demands place pressure on loss adjusters
The big freeze over the winter of 2010/2011 is the latest event to raise the issue of how loss adjusters and other service providers find extra capacity to meet insurer and policyholder demands.
Co-op targets 10 000 new pet policies after Allianz deal
The Co-operative Insurance is aiming to sell 10 000 new pet insurance policies, after entering a multi-year deal with underwriter Allianz.
Claims Club news: FOS links lack of speed to training
The Financial Ombudsman has admitted that more works needs to be done to speed up cases to conclusion, once adjudication has been challenged.
Post history - five years ago: Pet Plan slams 'pet theft' reports
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.