News
Editor's comment: The force is with you
No sooner had the details of the dedicated insurance fraud police unit been revealed this week, than the first fearful voices started to emerge, concerned that this initial £9m bill will be just the tip of the iceberg.
Chile quake drives adjuster expansion
Brighton-based claims specialist Fitzgerald Consulting has set up its first international branch in Chile.
Jump targets GI expansion for 2012
Financial adviser Jump Money is planning to expand its general insurance business by setting up an insurer panel early next year.
Career development & CSR: IUA course aims to tackle demand for actuarial skills
A new training course that offers insurers an introduction to actuarial techniques has been accredited by the Chartered Insurance Institute.
Insurers fear £9m fraud unit will prompt further cash calls
Figures within the insurance industry have expressed fears that it will be called on to foot the bill for more policing after agreeing to invest £9m over three years in an insurer-funded police fraud unit.
Plantec signs up Taylor
Axa Commercial Lines' former head of strategic programmes has resurfaced at claims management specialist Plantec Holdings.
Career development & CSR: Huge appetite for Allianz internships
Allianz Insurance has received more than four times the amount of applicants for its summer internship scheme compared to last year.
Axa to reward broker professionalism
Axa Commercial Lines has launched a proposition targeting chartered brokers that aims to drive professionalism in the insurance industry.
Gimple's back with new risk management venture
Tony Gimple has returned to the market with a new venture, while his pre- vious failed business Crisis Survivor is expected to be sold imminently.
Blow for Buckley Scott as trio quits for rival firms
Manchester-based loss adjuster Buckley Scott has lost two directors and a manager to rival firms.
Cardiff office to stay despite Zurich job cuts
Zurich has vowed to maintain a presence in Cardiff despite plans to make sweeping redundancies as part of its return to the direct insurance market.
L&G and Merlin set to review partnership deal
A claims partnership between Legal & General and Merlin that was heralded as a benchmark for others is set for review as the deal runs into its third year.
Commercial insurance reform back on agenda
The Law Commission has turned its attention to reforming commercial insurance pre-contract law after confirming a second consultation paper will be published this winter.
EIS French broker links sealed CBL aquisition
The multi-million dollar acquisition of London-based underwriting agency European Insurance Services was part of a strategic purchase by credit insurer CBL Group to gain access to a network of almost 500 French brokers.
Surveyors highlight dramatic rise in rebuilding costs
House rebuilding costs have "risen sharply" in the second quarter of 2011 following a prolonged period of decreases, according to the Royal Institution of Chartered Surveyors.
RDT aiming to go global
Insurance technology specialist RDT is targeting global expansion after winning a contract to supply software to South Australian general insurer and motoring organisation Royal Automobile Association.
Davies Group set to sell for more than £60m
Davies Group is expected to be sold for a bid of more than £60m, after its majority shareholder embarked on an auction process.
Supercover seeks partners after income quadruples
Niche intermediary Supercover Insurance is seeking new distribution partners after increasing its income four-fold in 18 months.
Lack of funds to spark Solvency II M&As
The cost of implementing Solvency II could lead to a spike in mergers and acquisitions, after a survey on how prepared the insurance industry is for the directive revealed only 31% of respondents claimed to have set aside sufficient funds.
People moves – 14 July
A round-up of people moves and new appointments in the industry, as featured in the 14 July 2011 edition of Post.
Petplan launches new look policy range
Pet insurance provider Petplan has launched a new look policy range designed to stop customers becoming confused over different levels of cover.
Miller announces promotions
Miller Insurance Services has made two promotions in London in support of its continued growth.
Regulatory reform poses risk to financial stability
Regulatory and accounting changes faced by the insurance industry will dramatically alter its investment style, meaning companies will face greater problems raising funds to invest in the real economy, a legal firm has warned.
JLT lands real estate insurance broker deal with RICS
The Royal Institution of Chartered Surveyors have appointed JLT Real Estate Speciality as their real estate insurance broker.