News
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
AMII to step up fight for tax concessions
The Association of Medical Insurance Intermediaries has appointed executive committee member Lindsey Joseph from LEBC Corporate Healthcare Solutions as secretary/membership secretary.
Foil calls for fixed fees to be slashed
The Forum of Insurance Lawyers has urged the government to extend the road traffic accident claims portal to £25 000 and to reduce fixed fees in the regime.
Flagstone: US reinsurance rates rise 10%
North American reinsurance renewals have increased by an average of 10%, according to Flagstone Re.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
Hire car insurance "baffles" consumers
British travellers are being "scared" into buying extra car insurance on hire cars because of widespread ignorance about excess cover, an online insurance company has found.
‘Dirty secret’ comes as no surprise to legal expenses group
The Legal Expenses Group has welcomed Jack Straw’s investigation into referral fees.
First named storm of 2011 hurricane season
Tropical storm Arlene has become the first named storm of the 2011 Atlantic hurricane season, according to catastrophe modelling firm Air Worldwide.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
DWF reports rapid growth
DWF has posted a 35% increase in net profit and a 15% rise in turnover to £83m for the year ending April 2011.
New hires complete regional line-up at Westinsure
Westinsure has opened six regional centres to help members make the most of the deals and service agreements available to them.
Government delivers gender certainty
The government has today announced that domestic law is to be amended to deliver absolute clarity for brokers and insurers on when and how the forthcoming European ban on gender-based premiums takes effect.
Government delivers gender certainty
The government has today announced that domestic law is to be amended to deliver absolute clarity for brokers and insurers on when and how the forthcoming European ban on gender-based premiums takes effect.
Escott returns to London market as Capita MD
The former boss of Brit Insurance's UK business has returned to the London market commercial space with Capita. Brent Escott — who worked for the Lloyd's group between 2002 and 2007, holding the position of managing director of the UK division, before…
Aviva major acquisition spree 'unlikely'
Major acquisitions to fast-track the creation of a multi-brand general insurance strategy for Aviva are unlikely, despite the £600m windfall set to be secured from last week's sale of roadside assistance provider RAC, according to analyst Eamonn Flanagan.
Allianz wins £150m BMW deal from RBSI
Allianz Insurance has expanded its partnership with BMW Financial Services after winning a deal to provide car, home and travel products to customers of the car manufacturing giant from Royal Bank of Scotland Insurance.
CMC numbers up 20%
The Institute and Faculty of Actuaries has found the number of claims management companies assisting with injury claims in the UK has risen by 20% in 12 months.
Keoghs boss: motor claims costs to rise under reforms
The Ministry of Justice should "refocus on cost" if Lord Justice Jackson's reforms are to deliver lower premiums for customers. Steve Thomas, director of market affairs at law firm Keoghs, has warned the government consultation that started in August…
ABI biennial conference: Cable tackles short-termist culture
Business Secretary Vince Cable has launched a three-pronged strategy to tackle a culture of short-termism and bolster corporate governance, while ensuring the proper functioning of capital markets.
Career development: How do you ensure your employees are motivated?
Whether full-time, part-time, or temporary, it is of the upmost importance to do your best as employers to ensure staff are motivated. We all know that a company's people are its greatest asset and this is due in part to the significant say they have in…
Towergate seals first broker deal of 2011
Towergate Insurance has acquired BWA Insurance Services — trading as Beric Webb Associates — for an undisclosed sum, in its first broker deal since 2009.
Ex-HSBC staff to support Capewell's venture
A team of former HSBC Insurance Brokers employees are poised to facilitate the launch of the new venture headed by Martyn Capewell, the chief executive of the bank's now defunct insurer arm.
Law firms poised for top-25 merger
Legal bosses from Beachcroft and Davies Arnold Cooper are remaining tight-lipped over merger talks — despite market speculation a decision could be reached within a week.
Law report: Ruling upheld over professional negligence claim
This law report has been contributed by national law firm Berrymans Lace Mawer.