News
Regulatory reform poses risk to financial stability
Regulatory and accounting changes faced by the insurance industry will dramatically alter its investment style, meaning companies will face greater problems raising funds to invest in the real economy, a legal firm has warned.
JLT lands real estate insurance broker deal with RICS
The Royal Institution of Chartered Surveyors have appointed JLT Real Estate Speciality as their real estate insurance broker.
Regulatory reform poses risk to financial stability
Regulatory and accounting changes faced by the insurance industry will dramatically alter its investment style, meaning companies will face greater problems raising funds to invest in the real economy, a legal firm has warned.
Towergate operations director departs
Max Carruthers, operations director at Towergate has departed.
DoT to respond to motor insurance inquiry "shortly"
The Department of Transport's road safety minister has said they will respond to last year’s inquiry on the cost of motor insurance premiums “shortly”.
Insurance News Now – 14 July - Insurers fear £9m fraud unit will prompt further cash calls
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include fears from some industry figures that the insurance industry will be called on to foot the bill for more policing after agreeing to invest £9m over three…
RBSI MD: We are doing 42 months work in 18 to transform claims
Royal Bank of Scotland Insurance's claims managing director Steve Maddock has revealed the true intensity and speed behind its claims transformation programme in an exclusive interview with Post this week.
Keychoice Distribution launched by SSP
Newly-formed Keychoice Distribution has become the face of the SSP and Keychoice brands for its 1000 independent broker customers, offering a single point of access to all of the group’s products and services.
Navigant hires former Accenture executive
Global advisory firm, Navigant has appointed Jason Whyte as a director in its London financial services consulting team which will focus on insurance.
Ironshore enters Australian market
Ironshore has entered the Australian market to provide specialty insurance coverages for large, complex corporate risk.
Bennetts Commercial rebrands
Insurance Broker Bennetts Commercial is rebranding.
AA Insurance welcomes police fraud unit
The AA’s insurance fraud unit Insurance director Simon Douglas has welcomed the creation of a dedicated 35-man unit.
THB confirms possible merger discussions with Am Wins
AIM-quoted insurance broker THB group has confirmed in a stock exchange annoucement that it is in discussions with privately-owned wholesale insurance distributor Am Wins group over a possible offer for the company.
Robertson Taylor co-founder Willie Robertson passes away
Willie Robertson, co-creator of the specialist music and live entertainment broker Robertson Taylor, sadly passed away on the 9 July 2011 after a determined fight against cancer, it was revealed today.
RMS upgrades European windstorm model
Risk Management Solutions has upgraded its Europe Windstorm Model to include three new Eastern European countries.
RMS upgrades European windstorm model
Risk Management Solutions has upgraded its Europe Windstorm Model to include three new Eastern European countries.
Insurers feel the pressure of rising motor claims costs
The increasing cost of motor insurance is putting more financial pressure on insurers, who last year paid out £1.24 for every £1 collected in premiums.
“Priority” review of FSCS rejected by government
The government has not committed to reviewing the funding of the Financial Services Compensation Scheme as a priority.
IIB calls for FSCS review after 900% levy increase
The Institute of Insurance Brokers has presented research to the All Party Parliamentary Group on Insurance and Financial Services showing that brokers with an income of £500 000, £1m or £5m have seen their Financial Services Compensation Scheme fees…
Brightside trading update points towards future growth
The Brightside Group board of directors are confident of delivering “substantial growth” for the foreseeable future after announcing an 18% policy sales increase in the commercial insurance business.
Jonathan Swift elected co-ordinator of insurance’s APPG
At the annual general meeting of the All Party Parliamentary Group on Insurance and Financial Services, Jonathan Swift the group editor in chief of Post and sister title Insurance Age, was elected as the APPGIFS’ co-ordinator.
Tough Solicitors’ PI renewals predicted for 2011
Solicitors’ PI renewal rates could rise by 10% in 2011 for firms with no new claims and no significant change in circumstances.
Zurich Municipal feels Biba’s wrath over anti-broker marketing
The British Insurance Brokers’ Association (Biba) has hit out at Zurich over the content of a Zurich Municipal advert urging customers to “cut out the middle man”, Post’s sister title Insurance Age has revealed.
Lombard Risk Management expects revenues of £2m from Colline contract
Lombard Risk Management has entered into an agreement with fellow tier-one bank Société Générale for its Colline collateral management solution.