News
Flooding effect is negligible on motor premiums
The June floods had little effect on motor insurance premiums in the direct market during quarter three, according Experian, the global information solutions company.
FSA to contact all small firms as part of TCF drive
The Financial Services Authority today announced it is introducing new measures to increase its contact with small firms. The aim is to help firms make faster progress in meeting the FSA's Treating Customers Fairly intiative and to identify, more quickly…
AI Claims hires vehicle supply manager
Ai Claims Solutions has appointed Andy Crinson to the position of head of vehicle supply reporting to Jim Monteith, technical services director.
Broker Network makes 21st acquisition
Broker Network Group has today aquired commercial insurance brokers Priestley & Partners Brokers its twenty-first acquisition.
Thomson Local launches aggregator
Directory service Thomson Local has launched an aggregator through BeatThatQuote.com's new white label service.
New measures to help small firms from FSA
The Financial Services Authority (FSA) will introduce new measures to increase its contact with small firms. The aim is to help firms make faster progress in meeting the FSA's Treating Customers Fairly (TCF) initiative and to identify, more quickly,…
Junction in Co-operative Insurance deal
Junction has been selected by Co-operative Insurance as its long term partner to develop a motor web product that will be used on aggregators.
St Paul enters third year of RICS deal
St. Paul Travelers has renewed its sponsorship agreement with the Royal Institution of Chartered Surveyors.
Aspen in $50m accelerated share buyback
Bermudian (re)insurer Aspen ha sannounced that it has entered into an accelerated program to buy back and cancel a further $50m of its shares as part of a $300m buyback programme.
Bowman named as Crawford CEO from Jan 08
Jeffrey Bowman has been named president and chief executive officer of Crawford & Company, effective Jan. 1, 2008. Mr Bowman is currently chief operating officer of Crawford’s Global Property & Casualty Services unit.
IP launch planned from after Somerville appoints McCooey
Somerville Holdings has appointed Sarah McCooey, ex-managing director of Lloyd’s underwriting agency Special Risk Services, for a push into the intellectual property market.
SFO likened to Dickens' Micawber
Philip Condon’s defence counsel likened some of the Crown’s accusations at his client to the David Copperfield character Wilkins Micawber, claiming the prosecution was simply hoping “something would turn up”. Ralph Savage reports .
Axa demands Goverment action over fraud
Axa has today called on the Government to treat fraud more seriously and to focus police resources to fighting this problem.
Markel appoints manager for Asian drive
Markel International has appointed Peter Phillips to the position of managing director of its new Singapore office. He will be responsible for establishing and growing the Singapore business in Markel’s first move into the Asian market and will be aided…
Lorega in Axa swoop
Managing agent Lorega has further strengthened its sales team with the appointment of David Gribbon to manage the company’s relationships with its panel of brokers in the north of England. He has previously held both underwriting and business development…
Broker Network adds latest member
Broker Network has announced that Redhill-based Brian Johnston (Insurance Consultants) has joined Broker Network.
Equity launches new breast cancer travel product
Equity Insurance Group has launched a new travel policy, specifically developed to allow people diagnosed with breast cancer access to affordable cover.
Cassidy Davis welcomes FSA's PPI review
Cassidy Davis Insurance has said that the FSA's latest review of selling standards in the payment protection insurance (PPI) market highlighted the need for a more targeted approach to product design and pricing to ensure consumers' needs are met and the…
NAIC inches towards mutual reinsurance recognition with EU
US state insurance regulators’ trade body, the National Association of Insurance Commissioners (NAIC) has announced it is drafting a proposal designed to usher in single-state licensing for reinsurers and eventually mutual recognition between the US and…
Alea announces commutation deal
Alea has reached agreement to fully and finally commute all exposure under an excess of loss reinsurance treaty.
AIR: Wipha to cost less than $250m
Catastrophe modeller AIR Worldwide has said it estimates insured losses from Typhoon Wipha are unlik...
Third Nat Cat exchange contract to launch
Insurance Futures Exchange Services Ltd (IFEX) and Deutsche Bank AG have announced the planned launc...
News round-up - Brit in Gibraltar move
Lloyd's and UK (re)insurer Brit Insurance is to put in place a small team of senior underwriters to ...
Lloyd's bosses hail first half performance
Lloyd's has reported a before tax of £1.8bn ($3.6bn) for the six months to 30 June (2006: £1.35bn). ...