News
BI specialists urge policy clarifications
Business interruption specialists have urged insurers to clarify their policies following the publication of a Chartered Institute of Loss Adjuster BI wording review.
Prime Professions to replace Quinn on solicitors account
Prime Professions is poised to replace Quinn with another insurer for its UK solicitors account, with Zurich and Travelers as frontrunners, Post has learnt.
SSP reveals profits rise
Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.
Regulator waits on UK plan
Quinn Insurance's administrators are to spend at least a week on actuarial analysis of the UK commercial lines market before submitting plans to the Financial Regulator about it re-entering further selected lines.
Endsleigh and Lloyds TSB to take volcano claims hit
Endsleigh and Lloyds Banking Group have agreed to compensate customers for certain volcanic ash travel claims following the decision by their underwriter, Axa, not to pay out most claims.
Aviva names first corporate risk clients
Aviva has named Streetcar and Marie Curie Cancer Care among its early client wins, as part of its renewed push in the corporate risk sector.
Coverzones shuts up shop after finance warning
Commercial insurance aggregator Coverzones has shut up shop less than two years after it commenced trading in June 2008.
New UK government to face rehab lobby over lack of plan
The UK Rehabilitation Council has pledged to lobby whichever party wins today's election about the absence of any rehabilitation strategy for England, after it emerged Scotland is leading the way on this front and Wales has a multi-million pound…
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
Sean Quinn speaks out on redundancies
Founder of Quinn Group Sean Quinn has spoken out about the impending job losses at Quinn Insurance.
Half of Quinn's Manchester staff face redundancy
Almost half of Quinn Insurance’s Manchester staff have been told they face redundancy as part of the 900 losses announced earlier today.
Quinn Insurance announces redundancy programme affecting 900 people
The Joint Administrators of Quinn Insurance today announced that the company is beginning a consultation process on a proposed redundancy programme affecting approximately 900 people.
Towergate seeks £665m cash boost
Towergate Finance, part of the Towergate Partnership, is seeking a £665m cash boost from investors to refinance its existing debt and redeem certain preferred shares.
Quinn CEO admits insurance arm would be best served by new owner
The boss of Quinn has admitted that Quinn Insurance could be best served by a trade sale.
Validus to take hit of up to $45m from Deepwater Horizon oil platform
Validus has provided an estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico.
Aon Q1 net income and reinsurance commissions drop
Net income attributable to Aon stockholders was $178m, compared to $280m for the prior year quarter. Retail commissions rise but reinsurance commissions drop.
Quinn CEO admits insurance arm would be best served by new owner
The boss of Quinn has admitted that Quinn Insurance could be best served by a trade sale.
Aviva continues search for corporate risk MD
Aviva is still searching for a managing director to lead its corporate risk solutions team four months after its launch.
Quinn Insurance employees to learn their fate today
Quinn Insurance workers are to be briefed later today on the scale of the redundancies facing the company arising from its insolvencies issues, the Irish Times has reported.
McIntyre and Ageas name change given Fortis green light
Fortis has received overwhelming support from its shareholders for its proposed name change to Ageas.
Allianz launches e-cover notes for brokers
Allianz Retail operations has introduced free electronic cover notes for imarket registered brokers.
Mapfre profits dip 4.8% as it takes €80.8m.earthquake hit
Mapfre has reported a 8.9% rise in revenues in the first quarter of 2010 to €5892.4m, and a net attributable result of €273.1m.
Equity to partner CEGA
Claims management and emergency medical assistance firm CEGA Group Services has been chosen by Equity to support its corporate travel and personal accident claims.
Bluefin warns of motor fraud with MoJ reforms
Bluefin Insurance Services has called upon motors insurers to proceed with care when resolving road traffic accident claims.