News
Wentworth Alexander employee 'under surveillance' after leaving Bluefin
Axa-owned broker Bluefin has admitted it would use private detectives to spy on former staff it suspects of breaking restrictive covenants.
Career development: BT Claims to add 20 in ABS push
BT Claims is set to recruit 20 new staff following is application to become an alternative business structure.
Experts claim average broker selling price falling
Graham Barr, who joined acquisitive broker CCV as chief operating officer in October, has said brokers are selling on average at less than 1.5 times their brokerage, with only unusual niche specialists selling for two times.
Career development: Swinton creates 100 roles in HPI link up
Insurance broker Swinton has created 100 new roles after joining forces with vehicle information firm HPI to offer free comprehensive seven-day cover.
Market moves: Spring comes early for insurers
Following a strong week for managing general agents, insurers were the main recruiters this week as the market begins its move into the spring.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Loss adjuster distances itself from former employee accused of accepting a bribe
Merlin says any transaction was undertaken without authority
In conversation with Zurich: Corporate underinsurance for plant machinery repair and replacement
There have been a number of surveys that have highlighted underinsurance in the corporate market, with a heavy emphasis on business interruption and property reinstatement. But another insurable cost is often over-looked, that of plant machinery repair…
Zurich appoints Bouchard head of government and industry affairs
Zurich Financial Services Group has appointed Francis Bouchard as the group head of government and industry affairs, with effect from 1 April 2012.
Warehouse fire causes disruption
Over 100 residents from 30 properties have been forced to leave their homes following a fire at a Gloucestershire warehouse.
RDT launches Iphone app
RDT said its new Iphone and Ipad application delivers landscape business managers with real-time management information direct to their mobile device.
Barclays general insurance complaints soar
Barclays has reported an increase in general insurance complaints, from 38 187 in the first half of 2010 compared to 73 692 for the same period in 2011.
DLA Piper recruits William Marcoux from Dewey & LeBoeuf
Law firm DLA Piper has hired former Dewey & LeBoeuf executive committee member William Marcoux as partner and head of its insurance sector transactions and regulation practice.
LMA and government reach agreement on export licences
The Lloyd's Market Association has reached agreement with the UK government to speed up the authorisations Lloyd's and other London market underwriters need to insure the international movement of weapons and military equipment used by the United Nations.
UK General signs £22m worth of new scheme deals
UK General has signed 11 new schemes deals during the past three months as it continues to grow its presence in the UK schemes market.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
HCC COR jumps to 90.8%
The full year results for HCC Insurance Holdings show net written premium up to $2.2m (2010 : $2m).
SSP looks to 'transform' market with new cloud-based quotes hub
SSP bosses believe a combination of the firm’s brokers accounting for more than 50% of the private motor market and the integration of a new cloud-based quotes hub will “transform” the intermediated personal lines market.
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Zurich makes two international promotions
Zurich has made two new appointments in its commercial market sector in Canada, and in the North America-based financial services group.
Willis calls for insured reputation cover
Willis has said a staggering 95% of major corporations have suffered at least one major reputational crisis in the past 20 years, but that less than 10% of these events are insurable.
Willis Re issues Solvency II OSRA guide
Willis Re has released a report discussing the function and contents of the Own Risk and Solvency Assessment under Solvency II, warning that it remains a challenge for insurers of all sizes.