News
Keoghs: Insurance fraud spreading beyond city walls
The tough economic climate and improving fraud investigation techniques have resulted in a significant increase in suspicious claims across England and Wales, according to Keoghs.
ABI calls for referral fee ban
The Association of British Insurers has called for a ban on referral fees after AA research revealed that the average cost of motor insurance premiums has risen 40% in the last year.
Allianz Global announces board changes
Allianz Global Corporate & Specialty has made two appointments to its board of management.
APC seeks northern manager
APC is aiming to double its book of SME business in the North of England and Scotland over the next 18 months by hiring a dedicated business development manager for the region.
Car insurance costs rise by 3.8%
The results of the first quarter 2011 Confused and Towers Watson car insurance price index has shown that the average price of a comprehensive car insurance policy rose by 3.8% in the first three months of 2011, compared to 7.1% in the final quarter of…
Allianz Global announces board changes
Allianz Global Corporate & Specialty has made two appointments to its board of management.
AA: Young driver insurance premium rises are "unsustainable"
The sharp rises in motor insurance premiums are leading to more drivers withholding information when taking out a policy or exaggerating personal injury claims, the AA has warned.
Keelan Westall appoints regional managers
Commercial property insurance broker Keelan Westall has appointed business development managers to cover the South East and Midlands regions.
Japan earthquake - largest insurance loss in more than five years
Based on a combination of detailed modeling and analysis of preliminary damage information, Risk Management Solutions estimates the total insured property loss from the powerful M9.0 Tohoku Earthquake and Tsunami will be between ¥1500 and ¥2170bn (US$18…
Aon Benfield launches storm surge risk model for Germany
Aon Benfield has launched a storm surge model for Germany – the first of its kind for the country - to help reinsurers quantify risk in this underdeveloped line of cover.
Allianz creates PI underwriting team
Allianz commercial has established a new professional indemnity underwriting team in preparation for the launch of a new product later this month.
Aon Benfield launches storm surge risk model for Germany
Aon Benfield has launched a storm surge model for Germany – the first of its kind for the country - to help reinsurers quantify risk in this underdeveloped line of cover.
Insurers fail in pleural plaques bid
Insurers Axa, Aviva, RSA and Zurich have failed in their efforts to overturn Scottish legislation allowing claims to be brought for asbestos-related conditions, such as pleural plaques.
IFB looks to industry for guidance
The Insurance Fraud Bureau (IFB) is inviting customers and industry bodies to input and exercise influence as part of a consultative exercise to assist in formulating its future direction and long term strategy and considers options for extending its…
Ex-Rok CEO resurfaces at repair firm
Former Rok chief executive Garvis Snook has been named as a director of newly launched property repair firm Repair Rite.
Marsh enters into strategic partnership with INSIA
Marsh is to acquire a 15% stake in INSIA as part of an agreement which will see the broker support the network’s growth in the Czech Republic and Slovakia and other European countries.
Marsh enters into strategic partnership with INSIA
Marsh is to acquire a 15% stake in INSIA as part of an agreement which will see the broker support the network’s growth in the Czech Republic and Slovakia and other European countries.
New online PI broker launches in Ipswich
A new online professional indemnity insurance broker has launched in Ipswich.
Aviva European move will raise £340m, according to analyst
Aviva Group’s decision to part-sell its stake in Benelux insurer Delta Lloyd will strengthen the firm’s focus and reduce its credit exposure, an analyst at Jefferies has stated.
OFT launches inquiry into Google aggregator deal
The Office of Fair Trading is to investigate Google’s acquisition of UK price-comparison website Beat That Quote.
New funding for local flood rescue teams
More than £820 000 has been given to 16 emergency and voluntary groups by the Department for Environment, Food and Rural Affairs to buy vital rescue equipment such as boats and provide emergency response training to enable the teams to deal with local…
Merlin names regional manager for south
Merlin has appointed David Robinson as regional liability manager for the south.
Omega puts $23.6m price on Japan earthquake and tsunami
Omega Insurance has published an initial estimate of ultimate net losses arising from the Japanese earthquake and tsunami of 11 March 2011.
Travelers appoints Europe CEO
Travelers Europe has named current chief operating officer Sean Genden as its new chief executive officer.