News
Ecclesiastical manager stands in for charity
Managing director of Ecclesiastical’s subsidiary Ansvar Insurance, Cathy Taylor, has become interim chief executive of Gloucestershire charity Cotswold Care Hospice.
AIG and Gen Re convictions overturned
A US appeals court has overturned the fraud convictions of four former General Re executives and a former AIG official and has ordered a retrial.
Fitch: Sovereign downgrades would not automatically lead to rating actions for Italian and Spanish insurers
The majority of Italian and Spanish insurers rated by Fitch Ratings would be likely to see their ratings affirmed, even in the hypothetical scenario of a modest downgrade in the sovereign rating of their respective countries, according to the ratings…
Willis announces Broker Direct network tie up
Willis Networks and Broker Direct, through its commercial insurance solution Our Network, have entered into a strategic alliance that will allow their respective members access to the services and facilities of the other.
Bennetts bosses attribute e-commerce developments to record sales
Motorcycle insurance specialist Bennetts has recorded a sales increase of 31% on last year, leading company bosses to highlight the impact of e-commerce developments as a major cause behind the recent success.
MoJ reports a tenfold increase in unauthorised CMCs being shut down
Record numbers of unscrupulous or unauthorised claims management companies have been shut down by the Ministry of Justice in the last year.
Event Insurance urges brokers to cash in on Jubilee and Olympics
Event Insurance Services is attempting to cash in on the Queen’s Diamond Jubilee and the London Olympic and Paralympic Games by launching policies covering events celebrating these landmark events.
French insurer CNP Assurance sees revenue contract
French personal lines insurer CNP Assurances announced contracted revenue but stable income for its first half results due to good operating profitability.
Crawford launches accredited management scheme for staff
Loss adjuster Crawford & Company has teamed up with the Chartered Management Institute to launch what it claims is the first accredited management programme in the sector.
NMJ reveals latest acquisition deal
NMJ Insurance Brokers has swooped to make a third acquisition in the form of Scunthorpe-based Barry Fenton Insurance.
Foil calls for health & safety change
The Forum of Insurance Lawyers has demanded the government relax health and safety regulation and simplify the current complex regime.
Mphasis acquisition broadens reach
IT services company Mphasis has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of insurance policy administration solution Wynsure.
Online insurer launches mobile wallet protection
Online mobile phone insurance specialists insurance2go.uk is claiming to be the first insurer to offer consumers protection for mobile wallet technology.
Ecclesiastical adds Quadra to increase property adjuster panel
Ecclesiastical has appointed Quadra Claims Services to its property loss adjuster panel to focus on commercial and personal lines property claims.
Hiscox reports H1 losses of £85.6m in 'worst year ever'
Hiscox has announced a half year pre-tax loss of £85.6m, leading the insurer to claim the year so far has been the costliest year ever for the insurance industry.
Keoghs reports 47% rise in fraud
Law firm Keoghs claims its counter-fraud team helped insurers in the UK avoid paying £100m to fraudulent claimants in its last financial year – a 47% increase on the previous year.
Arag launches divorce insurance
Legal expenses insurer Arag has teamed up with London law firm Prolegal to offer divorce insurance.
Clyde & Co and Barlow Lyde & Gilbert merger agreed
A merger between Clyde & Co and Barlow Lyde & Gilbert has been given the go-ahead by the partners of the two firms.
JLT denies Aon takeover bid
JLT chief executive Dominic Burke has branded claims of a potential takeover bid from rival broker Aon as “unimaginable and frankly ridiculous”.
JMG Group opens Gateshead office
Yorkshire-based insurance brokers JM Glendinning is to open a new office in Team Valley, Gateshead on 1 August.
Exclusive IP and catastrophe articles now live
Insurance Insight’s weekly update is live with articles on intellectual property and natural catastrophes.
Aon reports 3% organic growth in American and international broking arms
Aon today announced its revenue increased 48% to $2.8bn for the second quarter of 2011 compared to the prior year quarter, due to a 42% increase in commissions and fees resulting from acquisitions, primarily that of Hewitt.
MCE Enterprise names MD
Nick Elliman has been appointed as managing director of personal lines network MCE Enterprise.
Lloyd's Names group sets up investigation taskforce for syndicate losses
A Names group has set up an “investigation” taskforce to uncover the reason behind the huge losses of Lloyd's Equity syndicate 218 and KGM 260 in the 2008 account.