News
CILA president quits PwC
Andy King, president of The Chartered Institute of Loss Adjusters, has left PricewaterhouseCoopers’ Forensic Services where he was a director of the insurance claims services division.
Russian and Swedish risk managers join Ferma
Risk management associations from Russia and Sweden are the latest members of the Federation of European Risk Management Associations.
Insurance bodies publish recommendations for FSA 'Terms of Business Agreements'
The British Insurance Brokers’ Association (BIBA), Association of British Insurers and the Institute of Insurance Brokers have today published their recommended core principles for Terms of Business Agreements between insurance companies and brokers.
Mixed Q1 news for SVB
Lloyd’s managing agent SVB Syndicates today announced encouraging forecasts for Syndicates 1007 and 2147, but that 1241 required further reserve strengthening.
World Bank grants Romanian loan for earthquake risk
The World Bank has given $1.5m to the Romanian Government to help it assess the risk posed by the dangers of a major earthquake.
FSA's Wilson hails authorisation progress
The Financial Services Authority has begun the process of sending letters to already authorised firms who have applied to conduct mortgage or general insurance business in addition to their current regulated activities.
Q1 profits up one third at Allianz Cornhill
Allianz Cornhill’s first quarter operating profit reached £46.3m, up 29% over the same period last year, but its core commercial lines book rose just 2.3% in premium income.
Travel insurance services provider doubles call centre capacity
CEGA Group, the air ambulance and travel insurance services provider, has announced its acquisition of new premises at Funtington, near Chichester, following the exchange of contracts with the current owners this week.
Romanian insurance market continues to grow
Romania’s insurance market has seen strong growth over the past year.
Pregnant workers are at risk
More than two-thirds of pregnant workers are exposed to danger at work because employers ignore a le...
Winners and Losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Direct commercial insurer Premier Line has announced ambitious expansion plans to create 20...
Manchester - A hot spot
Regional Review
Leeds calls for young achiever nominations
The Insurance Institute of Leeds has announced it will be launching a new initiative for 2004, the Y...
Insurers raise doubts over youth scheme
Insurers have dismissed government proposals to introduce apprenticeships for children as young as 1...
Apil warns over sending more personal injury claims to the small claims court
The Association of Personal Injury Lawyers has welcomed the Better Regulation Task Force’s report but warned sending more personal injury claims to the small court may not be the answer. o download of PDF of the Better Regulation Task Force's new paper(…
EEF welcomes BRTF recommendations
The manufacturers' organisation, EEF, has welcomed key recommendations from the Better Regulation Task Force report 'Compensation culture - exploding the urban myth' aimed at tackling the claims culture in the UK.
BRTF gives claims management sector 18 months to sort itself out or face government regulation
The Better Regulation Task Force today warned that the government would step in to regulate the claims management sector if the industry failed to regulate itself. It follows the publication of BRTF’s “Better Routes to Redress” report into compensation…
Fortis UK reports 16% jump in GWP
Fortis UK reported overall gross written premium for the first quarter 2004 of £144m, an increase of 16% over the same period in 2003 (£124m).
SSP reports £5m profit
Software Solutions Partners has reported £5m operating profit – before interest, goodwill, amortisation and tax – for the year ended 31 March.
Brit expecting £400m in UK regional commercial
Brit insurance Chairman Clive Coates has announced expectations for the year, telling shareholders that rates in its principle lines of business are holding up.
Bupa quits business line after review
Bupa today announced that, from 11 June it will not take on any new customers wishing to buy pre-funded long term care cover.
Foil calls for greater urgency in Claims Management regulation
The Forum of Insurance Lawyers has called for greater urgency for regulations for Claims Management companies following the recommendations from the Better Regulation Taskforce.
Health and Safety Commission welcomes report on compensation culture
Better Routes to Redress, published by the Better Regulation Task Force, explores why some believe there is a compensation culture and how this perception can be damaging to the UK’s economy.
Heath Lambert brokes fine art blaze
Heath Lambert has confirmed that it is the insurance broker to the owner of the fine art storage facility in Leyton, which was involved in the substantial fire that started on Monday morning.