News
QLP and DAC join forces
Insurance broker QLP and law firm Davies Arnold Cooper have joined forces to launch a risk management tool aimed at helping law firms reduce their exposure to professional indemnity insurance price and provision volatility.
Tyco extends contract
Tyco Risk Management has extended its third-party administrations contract with Cunningham Lindsey for a further two years.
XL launches claims defensibility service
XL Insurance has launched a claims defensibility service aimed at helping companies manage their liability risks.
Spot check tool aims to defuse credit hire tension
Accident Exchange Group subsidiary APU is set to launch a new online spot hire rate service aimed at "defusing the tension" in the credit hire industry.
Staysure opens Spanish branch
Over-50s insurance provider Staysure has opened a branch in Marbella, Spain offering home, health and travel insurance plus pre-paid funeral packages to the expat community. As well as running the expat service, the new office will provide a base for…
Stonebridge looks to expand
The former operations director of energy specialist Oamps has joined the board of Epsom-based broker Stonebridge Corporate.
Five more to follow new Coversure branch
Coversure is gearing up to launch five more branches in the coming months after opening the doors of a new high street site in Tamworth.
Lloyd's broker seeks new deals after PE cash boost
Lloyd's broker NCG Professional Risks has targeted a move into UK retail, international reinsurance and international commercial property and casualty after receiving £1.4m of investment from BP Marsh.
PB leadership training
Professional Broking, the management magazine for insurance brokers, has announced the latest round of dates for its leadership training for broker managers course, helping managers develop skills from problem solving to recruiting the right people.
Ink relocation
Ink Underwriting Agencies has relocated to new offices at Vantage House in Rayleigh, Essex.
Willis commitment
The Willis commercial network has announced two of its largest members, Berkeley Insurance Group and Beaumonts Insurance Brokers, have committed to remain with WCN in long-term deals.
H&S review "irrelevant"
The Claims Standards Council has labelled Lord Young of Graffham's upcoming review on health and safety legislation as "totally irrelevant".
Eight-fold fee hike slammed
The British Insurance Brokers' Association has urged members to take an active role in an upcoming consultation of Financial Services Compensation Scheme levies to help reduce the burden of fees on intermediaries.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Brockman unconcerned over past PAYG failures
The founder of telematics-based motor insurance provider Insure the Box has said its sole focus on pay-as-you-go technology makes it more likely to succeed where others have failed.
Millar joins QBE claims
The former head of specialist claims operations at Royal Bank of Scotland Insurance Julian Millar has joined QBE.
Axa remains committed
Axa has insisted it remains committed to its UK general insurance and health operations.
Ansvar status change
Ecclesiastical is proposing to alter Ansvar's legal status to a business division of the group.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
Airmic reveals solution to non-disclosure issue
The Association of Insurance and Risk Managers has unveiled plans to end disproportionate member penalties for inadvertent non-disclosure in a move it hopes will be mirrored by eventual insurance law reform.
IGI to change name
IGI Insurance is to change its name to Am Trust Europe, having received a major investment from multinational property and casualty insurer Am Trust International Insurance.
Corpore to buy assets
Corpore is to acquire some of the assets of rehabilitation provider, Kynixa.
Quinn redundancies
The administrators for Quinn Insurance will not be enforcing compulsory redundancies at the beleagured insurer, after enough voluntary redundancies were taken up.