News
Autofocus seeks bidders
The administrators of credit hire reporting firm Autofocus have published a marketing document to attract buyers to the company.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
AA falls foul of premium rate telephone scammers
AA Insurance has warned other firms to check their telephone records after falling foul of a premium rate call scam.
Nationwide to review household
High street building society Nationwide is undergoing a review of the household insurance market in a move that might unseat its long-term affinity partner Royal Bank of Scotland Insurance.
Mitie targets top spot in property claims sector
Strategic outsourcing specialist Mitie has unveiled ambitious plans to become the leading property claims company within five years, after announcing its entry into the market this week.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Severe global flooding causes widespread losses in Asia
Aon Benfield has released the latest edition of its monthly cat recap report, which provides an analysis of worldwide catastrophic events in July.
Esure IT platform outsourced in £26m Capgemini deal
Esure has migrated the majority of its IT platform to Capgemini in a multi-million pound outsourcing deal.
IFB and Police conclude household fraud operation
The Insurance Fraud Bureau and Lancashire Constabulary today concluded 'Operation Flash’ at Preston Crown Court.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Defaqto: significant variation in legal cover for uninsured loss recovery
Findings from a Defaqto study have revealed “significant variations” in comprehensive motor insurance policies, for those looking to reclaim costs for uninsured losses.
New learner driver insurance can help pass rates, says AA
The AA has started offering new insurance cover for learner drivers which it says won’t affect the car owner’s own insurance, and may help improve pass rates.
Flagstone reports Q2 net income fall
Flagstone Re's net income for the second quarter fell to $13.3m, or $0.17 per diluted share, compared to a net income of $67.8m, or $0.80 per diluted share in the quarter ended June 30 2009.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
PWC raids FSA for Solvency II expert in recruitment drive
Pricewaterhouse Coopers has made a number of changes to its UK insurance group, including new hires, new partner promotions and internal moves.
FSA fines RBS £5.6m
The Financial Services Authority has fined members of the Royal Bank of Scotland Group £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.
Catlin appoints Schmidt as European reinsurance CEO
Catlin Group has confirmed Peter Schmidt has been appointed chief executive officer-European Reinsurance.
PWC raids FSA for Solvency II expert in recruitment drive
Pricewaterhouse Coopers has made a number of changes to its UK insurance group, including new hires, new partner promotions and internal moves.
Catlin appoints Schmidt as European reinsurance CEO
Catlin Group has confirmed Peter Schmidt has been appointed chief executive officer-European Reinsurance.
Plaques compensation scheme opens
The government’s pleural plaques former claimants payment scheme has opened for applications today.