News
MEP wants cheap premiums for women
Conservative member of the European Parliament Marina Yannakoudakis has vowed to change EU rules to allow insurers to offer women lower insurance premiums.
Crash-for-cash contempt ruling victory
Insurers will be able to pursue crash-for-cash fraudsters through the courts more easily thanks to a legal precedent set yesterday, according to Esure solicitors Horwich Farrelly.
Philippines storm: Port cities hit by Washi devastation
A tropical storm in the Philippines has killed hundreds and caused flood damage to government infrastructure and commercial properties.
Swiss Re reports on emerging markets
Swiss Re’s latest sigma report claims insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising.
Post Blog: Is brand the new price?
It's recently been found that brand recognition trumps price when consumers purchase via price comparison sites. What does this mean for the future of aggregators and how can insurers and brokers best build their brand among customers?
Axa sells Denplan to focus on PMI
Axa has sold dental payment plan business Denplan to the Simply Health Group for £115m on a debt free cash free basis.
Zurich puts low cost motor cover online
Zurich has launched a branded online motor insurance product to be sold direct and through price comparison website Confused.
Law commissions open consultation on late claim payments
The Law Commission of England and Wales, and the Scottish Law Commission have called for improved remedies for late payment of valid insurance claims, suggesting insurers pay legitimate claims in a reasonable amount of time.
20 December: Candlelit Christmas
Candles on the Christmas tree go a long way towards helping to create the right sort of festive ambience.
ABI slams government flood risk plans
The Association of British Insurers has criticised government flood risk plans branding the arrangements “frustrating”.
Brit restructure sees up-for-sale UK arm trimmed of Lloyd's business
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
Moody's completes £50m Barrie & Hibbert buyout
Moody’s Corporation today announced the capture of Edinburgh-based risk management modeling firm Barrie & Hibbert in a deal worth £50m.
Gallaghers puts ‘marker in sand’ with Oxygen Leeds lift-out
Arthur J Gallagher International has finalised its long-speculated lift-out of Oxygen’s Leeds-based corporate risks team, in a deal it confirms will be replicated regionally to build Gallagher Health - its UK retail arm.
Liberty Mutual promotes Richard Coxon
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, has appointed Richard Coxon to the role of chief underwriter, commercial operations.
AEGIS names non-exec director
AEGIS London has appointed Michael Onslow to its board as a non-executive director.
Thai floods: Crawford predicts claims disputes
Insurers could be lumbered with subrogation costs, reinstatement and difficulties calculating contingency business interruption claims from the Thailand floods.
Solvency II will drive UK M&A, Fitch predicts
Fitch Ratings expects Solvency II and low valuations to result in further merger and acquisition activity in the UK non-life insurance sector in 2012.
Garwyn directors out as Barclays invests
Garwyn has scrapped its commercial director role as part of a financial restructure of the business and finance and IT director Ian Chapman has resigned.
FSA slaps CICA with £2.8m fine for poor customer treatment
Combined Insurance Company of America has been fined £2.8m by the Financial Services Authority after “systematic failings” across the business were identified.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
Ace dental plan gains foothold in Asia
Ace Asia Pacific, part of global (re)insurer Ace Group, has extended its Ace Dental Care plan to several Asian countries.
First Assist in Legal 4 Landlords deal
First Assist Legal Protection has signed a deal with Legal 4 Landlords to provide up to £50 000 of legal expenses insurance for property disputes, including eviction, and ongoing rental payments in the event of tenant default.
MPs demand changes to riot payments
MPs on the Home Affairs Committee have demanded the government speed up payments to victims of future riots and permanently extend the application deadline to 42 days.
Towergate signs development manager
Towergate Underwriting has announced that Eileen McFadden will be heading up the newly created role of corporate partner development manager at the firm.