News
Regulatory reform will not hamper Solvency II
Financial Secretary to the Treasury Mark Hoban has denied suggestions the government's regulatory reform will hamper the UK's implementation of Solvency II.
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Kwik Fit bidders close in on deal
The private equity parent of Kwik Fit Insurance is within reach of a deal to sell the motor specialist to a trade buyer, Post understands.
Ebay signs up broker for affinity insurance pilot
Online marketplace Ebay is poised to seek a raft of insurance partners as it gears up to launch a financial services offering, Post has learnt.
Levene laments 2010, the year of "direct hits"
The chairman of Lloyd’s has described 2010 as the year of “direct hits”.
BUDGET 2010: Bluefin boss claims IPT hike will not delay hard market
Bluefin CEO Stuart Reid has admitted a more significant increase in insurance premium tax may have further delayed a hard market.
BUDGET 2010: IPT increase should not be ignored
Independent consultancy Fiscal Reps is urging the insurance industry to take note of the increase in the rate of insurance premium tax in today’s emergency Budget.
BUDGET 2010: IPT rise will cost the average household an extra £8 per year
Aviva said that while the increase in the lower rate of IPT is less than initially forecasted, a 1% rise is still disappointing.
BUDGET 2010: Osborne pledges to consult on CFC rules
Chancellor George Osborne has announced plans to launch a consultation into the reform of Controlled Foreign Company rules this summer.
BUDGET 2010: ABI: IPT rises “regrettable”
The Association of British Insurers has warned the government that the increase to Insurance Premium Tax outlined in today’s budget could have unintended consequences.
BUDGET 2010: PwC: Budget delivers some positives
Pricewaterhouse Coopers claims the emergency budget has delivered a number of positives for the insurance industry.
BUDGET 2010: FSB critical of Osborne NIC plans
The Federation of Small Businesses has expressed its concern at the Chancellor George Osborne’s failure to reverse the rises in Employer National Insurance Contributions.
BUDGET 2010: PwC: Budget delivers some positives
Pricewaterhouse Coopers claims the emergency budget has delivered a number of positives for the insurance industry.
BUDGET 2010: Chancellor reveals corporation tax cuts
Chancellor of the Exchequer George Osborne has pledged to cut corporation tax by one percent for the start of the next financial year.
BUDGET 2010: Biba "disappointed" by IPT hike
The British Insurance Brokers' Association has said it is concerned that consumers and businesses will be hit by increasing insurance costs.
BUDGET 2010: George Osborne: IPT to rise
Chancellor George Osborne has announced insurance premium tax is to rise in today's budget.
BUDGET 2010: George Osborne: IPT to rise
Chancellor George Osborne has announced insurance premium tax is to rise in today's budget.
AM Best downgrades BP captive
AM Best has downgraded the financial strength rating (FSR) of Jupiter Insurance (Guernsey) from A (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a” from “aa-”).
Allianz launches comparison service
Allianz Insurance has launched an online comparison service for brokers on its e-broker website.
Beazley expands contingency team
Beazley’s contingency team has recruited two new staff members in order to expand its service offering in the UK and Australia.
Dutch insurance giant to sell reinsurance business
Aegon has admitted it may sell its reinsurance arm as it looks to focus on core activities: life insurance, pension and asset management.
Aviva chair joins Cable's business advisory group
The members of the Business Advisory Group established last month have been confirmed. The group will act as an informal advisory board to the Secretary of State, Business, Innovation and Skills, Vince Cable.
Mexican body joins international trading agreement
The International Association of Insurance Supervisors has admitted Comision Nacional de Seguros y Fianzas, Mexico to the list of signatories of the IAIS Multilateral Memorandum of Understanding.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.