News
MYI forms joint venture in India
McLarens Young International has opened a full service loss adjusting network in India.
CBL revenue set to treble following EISL aquisition
The CEO of New Zealand’s largest provider of credit surety and financial risk expects to more than double the company’s premium income following the multi-million dollar takeover of European Insurances Services Limited.
Software firm warns against perils of inefficiency
Software specialists MSM Risk Management has warned that insurers could miss out on profits and make their risk engineering processes “cost centres rather than profit centres” due to inefficient processes.
CBL revenue set to treble following EISL aquisition
The CEO of New Zealand’s largest provider of credit surety and financial risk expects to more than double the company’s premium income following the multi-million dollar takeover of European Insurances Services Limited.
Lloyds Banking Group exec joins Towergate board
Senior Lloyds Banking group director Truett Tate has joined the board of Towergate as an independent non-executive director.
Multi-million pound meerkat giveaway
Compare the Market is bracing itself for a spike in sales as it prepares to unveil a new multi-million pound above-the-line advertising campaign that will give away a free meerkat toy with every sale of a car, home, van or pet policy.
Silverbeck Rymer prepares for "rapid growth" by appointing managing director
Bosses at Silverbeck Rymer have vowed to continue on the path of “rapid growth” after appointing the companies first ever managing director.
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
AMII to step up fight for tax concessions
The Association of Medical Insurance Intermediaries has appointed executive committee member Lindsey Joseph from LEBC Corporate Healthcare Solutions as secretary/membership secretary.
Foil calls for fixed fees to be slashed
The Forum of Insurance Lawyers has urged the government to extend the road traffic accident claims portal to £25 000 and to reduce fixed fees in the regime.
Flagstone: US reinsurance rates rise 10%
North American reinsurance renewals have increased by an average of 10%, according to Flagstone Re.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
Hire car insurance "baffles" consumers
British travellers are being "scared" into buying extra car insurance on hire cars because of widespread ignorance about excess cover, an online insurance company has found.
‘Dirty secret’ comes as no surprise to legal expenses group
The Legal Expenses Group has welcomed Jack Straw’s investigation into referral fees.
First named storm of 2011 hurricane season
Tropical storm Arlene has become the first named storm of the 2011 Atlantic hurricane season, according to catastrophe modelling firm Air Worldwide.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
DWF reports rapid growth
DWF has posted a 35% increase in net profit and a 15% rise in turnover to £83m for the year ending April 2011.
New hires complete regional line-up at Westinsure
Westinsure has opened six regional centres to help members make the most of the deals and service agreements available to them.
Government delivers gender certainty
The government has today announced that domestic law is to be amended to deliver absolute clarity for brokers and insurers on when and how the forthcoming European ban on gender-based premiums takes effect.
Government delivers gender certainty
The government has today announced that domestic law is to be amended to deliver absolute clarity for brokers and insurers on when and how the forthcoming European ban on gender-based premiums takes effect.
Escott returns to London market as Capita MD
The former boss of Brit Insurance's UK business has returned to the London market commercial space with Capita. Brent Escott — who worked for the Lloyd's group between 2002 and 2007, holding the position of managing director of the UK division, before…
Aviva major acquisition spree 'unlikely'
Major acquisitions to fast-track the creation of a multi-brand general insurance strategy for Aviva are unlikely, despite the £600m windfall set to be secured from last week's sale of roadside assistance provider RAC, according to analyst Eamonn Flanagan.
Allianz wins £150m BMW deal from RBSI
Allianz Insurance has expanded its partnership with BMW Financial Services after winning a deal to provide car, home and travel products to customers of the car manufacturing giant from Royal Bank of Scotland Insurance.
CMC numbers up 20%
The Institute and Faculty of Actuaries has found the number of claims management companies assisting with injury claims in the UK has risen by 20% in 12 months.