News
Businesses warned not to under-insure in a recession
Budget conscious companies looking to cut premium costs need to be careful not to leave their businesses exposed, a corporate insurance expert has warned.
Bodyshops see decline in volumes for third year in a row
For the third year in a row Bodyshops are reporting a drop in volumes of work in quarter one compared to the same quarter in the previous year.
Allianz net income drops 97%
Allianz said that net income in the first three months of the year dropped 97%.
Claims Club Rising Star Awards - shortlist
After much deliberation the shortlist for this year's highly prestigious Post Magazine Claims Club Rising Star Award – sponsored by BLM and CSC - has now been confirmed.
Arch Capital rings management changes
Arch Capital, the Bermudian (re)insurer said that president and CEO Constantine (Dinos) Iordanou, has been appointed to the additional position of chairman of the board, effective November 2009.
P&C insurers will emerge from financial crisis with resiliency proven
Property/casualty insurers will emerge from the financial crisis and weakening economy with their resiliency once again proven, Dr. Robert P. Hartwig, president of the Insurance Information Institute (I.I.I.), told attendees at the Casualty Actuarial…
Kwik Fit Insurance strikes deal with Supercover
Kwik Fit has introduced a gadget insurance policy provided by Supercover Insurance, the specialist consumer-portable insurer.
Ecclesiastical comes out top in charity table
Ecclesiastical Insurance has been named the seventh biggest giver to charity in the UK, behind the likes of Lloyds TSB and Marks and Spencer and ahead of Shell and Fidelity Investment Management. The listing, produced independently by the Directory of…
Cooper Gay targets Russia and Eastern Europe with energy hire
Cooper Gay has appointed onshore and offshore energy specialist Mike Makowski to boost the development of its energy business in the former Soviet Union and Central and Eastern Europe.
Amlin sees GWP increase 39.2% in first four months of 2009
Lloyd's insurer Amlin this morning reported gross written premium (before deduction of brokerage) in the first four months ended 30 April 2009 was up 39.2% at £729.7m (30 April 2008: £524.2m). The increase was supported by the appreciation of the US…
Heath Lambert in retail push
Heath Lambert is restructuring in a bid to strengthen its retail operations.
Towergate sister business blasts banks over challenge
The decision by high street lenders Barclays and Lloyds TSB to challenge the ruling that prohibits selling payment protection insurance alongside a loan has been slammed as "counterproductive" by provider Paymentshield.
Brokers must meet challenge of banks and direct market says Defaqto
Defaqto's first Insight Report into the SME Commercial insurance market warns brokers that they need to meet the challenge of Banks and Direct insurers.
Mapfre Q1 net profit up slightly
Spanish (re)insurer Mapfre said that first quarter net profit rose slightly to €287m, helped by strong gains in its international division.
Calling all footballers
Following the success of last year's sell-out Insurance Cup, The Prince's Trust is delighted to announce the tournament is back and will be bigger and better this year. Sponsored by Talbot Underwriting, and supported by insurancejobs.co.uk , 40 teams…
Airmic members worried over customer service disruption
The main worries for risk managers in relation to a possible flu pandemic relate to potential loss of staff and disruption to customer service, according to a survey of members of the Association of Insurance and Risk Managers.
Heath Lambert raids Bluefin to boost Manchester team
Heath Lambert has hired two former Bluefin directors to strengthen its expansion plans in the north west and nationally.
Windstorm Klaus may cost euros 1.5bn - Perils
Windstorm Klaus may cost insurers €1.5bn, insurance data provider Perils has said.
Validus urges IPC shareholders to flash 'golden ticket'
(BESTWIRE) Validus Holdings Ltd. is urging the shareholders of IPC Holdings Ltd. to vote with a gold proxy card, and reject Max Capital Group Ltd.'s proposed merger offer.
Brit latest UK insurer to benefit from favourable exchange rate
Brit Insurance this morning reported its gross written premium was up 40.5% to £557.4m for the three months ended 31 March 2009 (31 March 2008: £396.7m), an 18.5% increase at constant exchange rates. It also saw a 4.6% average premium rate increase on…
Swine flu scare at the FSA
An entire department of the Financial Services Authority has been asked to work from home after a colleague returned from the US with probable swine flu.
AIG sells Japanese building to Nippon Life
AIG has confirmed that it is to sell its Japanese headquarters to Japanese life insurance giant Nippon Life for $1.2bn.
Swine flu scare at the FSA
An entire department of the Financial Services Authority has been asked to work from home after a colleague returned from the US with probable swine flu.
Former Alliance boss launches new broker
The founder of Alliance Corporate Risk Management John McLaren-Stewart is to launch a new broker.