News
Blanc: Axa will open new branches if brokers want them
Axa Commercial Lines CEO Amanda Blanc has exclusively revealed the firm may open new branches as it seeks to “fill in gaps” in its UK regional network.
SPB reports revenue of €77.4m
Recent corporate acquisitions have boosted net revenue at SPB Group in 2010 to €77.4m.
Aston Scott extends partnership with Broker Assistance
National broker Aston Scott and motor claims specialist Broker Assistance have agreed an extended partnership programme to provide claims handling service, for Aston Scott’s motor client portfolio.
Ex-Power Place boss joins Axa as 114 made redundant
The former Power Place chief executive Matthew Reed has been reunited with his former boss, Amanda Blanc, after being appointed managing director of intermediary and direct at Axa Commercial, at the same time as 114 staff members are made redundant.
FSCS reduces annual levy by £23m
The Financial Services Compensation Scheme has confirmed its proposed levy for 2011/12 at £217m.
Direct Debit key to retaining female customers following equality ruling
Insurance companies should turn to Direct Debit to retain existing female policy holders and attract new ones, according to Bacs Payment Schemes.
Fitch downgrades outlook for Italian insurer
Ratings agency Fitch has revised its outlook for Italian insurance firm Societa Reale Mutua di Assicurazioni from stable to negative.
Aggregators join ABI and Biba in fraud fight - Insurance News Now – 7 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including how aggregators have teamed up with the Association of British Insurers and the British Insurance Brokers’ Association in a bid to fight fraud.
First Russian coverholder partnership launched
Chaucer Syndicates and RFIB have partnered with Moscow-based Nakhodka Re to launch Sea Line – the first Lloyd’s coverholder in Russia.
Fitch downgrades outlook for Italian insurer
Ratings agency Fitch has revised its outlook for Italian insurance firm Societa Reale Mutua di Assicurazioni from stable to negative.
Hardy outlines £12m Japan tsunami exposure
In a statement to the London Stock Exchange, Hardy Underwriting Bermuda Limited has issued its guidance on the Japan earthquake-tsunami in March.
Accenture extends RSA partnership
Accenture has extended its contract to provide RSA UK with insurance business process outsourcing services for four more years.
Aggregators join ABI and Biba in fraud fight - Insurance News Now – 7 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including how aggregators have teamed up with the Association of British Insurers and the British Insurance Brokers’ Association in a bid to fight fraud.
First Russian coverholder partnership launched
Chaucer Syndicates and RFIB have partnered with Moscow-based Nakhodka Re to launch Sea Line – the first Lloyd’s coverholder in Russia.
Transatlantic Holdings cat costs reach $355m
Transatlantic Holdings has updated its preliminary estimate of first quarter catastrophe costs to include the Tohoku earthquake in Japan.
MoJ mediation plans “music to insurers’ ears”
Ministry of Justice plans to promote a wider use of mediation is “music to the ears” of insurers and claimants, Inter Resolve has claimed.
RSA names Hong Kong CEO
RSA has appointed Singapore country manager Chris Colahan as its new Hong Kong chief executive.
Aon Benfield reviews costly March catastrophes
Aon has issued its monthly cat recap report, reviewing the natural disaster perils in March.
Amlin reveals possible $150m Japan quake exposure
Lloyd's insurer Amlin has outlined its initial first quarter claims estimates for the disasters in Japan, Australia and New Zealand.
ELTO ready for policy records
The Employers’ Liability Tracing Office is ready to accept data from insurer members for upload to the Employers’ Liability Database.
European insurers voice "urgent" Solvency II fears
Representatives of the European insurance industry have written to the European Commissioner for the Internal Market and Services, Michel Barnier, to ensure that the “overly conservative and prescriptive” elements it believes are contained in the draft…
IUA highlights key regulatory challenges facing London Market
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
Patrick Snowball: Dealing with the claims influx down under
Suncorp CEO Patrick Snowball speaks to Jonathan Swift about his recent experiences dealing with the large volumes on claims in Australia and New Zealand, and how the business managed.
Full implications of the ECJ gender ruling are still unclear
KPMG head of insurance Drew Fellowes gives an insight into how the industry has moved forward since the European Court of Justice’s (ECJ) ruling into gender equality in insurance pricing.