News
Deloitte teams up with Reading Uni for extreme weather research
The University of Reading’s Walker Institute for Climate System Research and Deloitte have announced a joint initiative to provide scientific research and analysis into the implication of local and regional changes in climate and weather extremes on…
Direct Line launches SME insurance
Direct Line announced that it is launching four new commercial insurance policies. The products will be launched over September and October.
US P&C 1H net income up 10%, but competition intensifies
The US property/casualty insurance industry’s net income after taxes rose 10.7% to $32.6bn in first-half 2007 from $29.4bn in first-half 2006, according to figures from ISO and the Property Casualty Insurers Association of America (PCI).
FSA publishes latest findings on PPI
The Financial Services Authority (FSA) has published the findings of its latest review of Payment Protection Insurance (PPI) selling standards.
FSA "extremely dissapointed" by continued PPI failings
The Financial Services Authority has today published the findings of its latest review of Payment Protection Insurance selling standards which it claims show improvements in some areas. However, it added that many firms are still failing to treat their…
Claims People reports profit
AIM listed loss adjuster Claims People, this morning reported it had moved into teh black for the 12 month period ending 30 June.
SFO goes in for the kill
The prosecution didn’t pull any punches as its lead barrister, Andrew Ballie QC, started his closing speech. David Worsfold reports.
Building society opens broking arm
Monmouthshire Building Society has created a new specialist insurance broking subsidiary.
Airmic agrees with EU Commission's support for transparency
Airmic has strongly welcomed the EU Commission’s support for full transparency in the disclosure of broker remuneration.
Munich Re opens Malaysian retakaful office
Munich Re has opened a branch in Kuala Lumpur which is entirely devoted to Shari’ah law-compliant retakaful business.
IUA welcomes EC comments
The International Underwriting Association has responded to the publication of the European Commission’s sector inquiry into business insurance
Biba: "pointless" inquiry throws up no surprises
The British Insurance Brokers' Association has said it is pleased that the findings of the Competition Commission's investigation into business insurance have been restricted to just two broad areas.
European Commision competition enquiry releases report
The European Commission competition enquiry today issued its final report on business insurance sector.
EC enquiry pulls punches on subscription market practices
The EU Competition Commission has issued its final report on the business insurance sector and raised concerns about the operation of two areas of business insurance
Homeserve strikes five year Axa deal
Homeserve has revealed that Axa will now take 100% of its underwriting risk for new business with effect from 1st October 2007.
Sigma poaches Garwyn duo
Sigma Claims Solutions has appointed Dave Smith and Chris Thompson as senior liability adjusters to help service new and existing clients in East Anglia.
Gable reports first half results
Gable Holdings has announced a £0.4m profit for the first six months of 2007. On modest revenues of around £4m, the insurer - which is domiciled in Liechtenstein - made earned premiums of £3.3m, with net profit before tax of £425 000.
Biba and Unlock call on insurers to rethink ex-offender policy
The British Insurance Brokers Association (Biba) and Unlock, the National Association of Reformed Offenders, have come together to call on the insurance industry to take a more flexible approach to insuring people with convictions in their past.
Axa's Cliff takes on new role
Polaris an industry-owned body specialising in the provision of technology to enable brokers and insurers to operate more efficiently through the elimination of duplication, has appointed Axa, managing director, markets, Mark Cliff as Chairman.
XL to give back $500m more to shareholders
Bermudian (re)insurer XL has announced that its board has approved a new share repurchase program, authorising the repurchase of up to $500m of its ordinary shares.
Helphire sees profits up 63%
Helphire this morning reported its pre tax profit had increased by 63% to £40.3m on turnover of £290m (up 49%) for the 12 montsh to 30th June.
Shares crash as Erinaceous postpones results
Beleagured property services and broking group has delayed the publication of its interim results.
Tawa publishes £19.5m profit for first half
Tawa Group the UK-quoted consolidator of non-life insurance run-off, has announced its interim results for the six months ending 30 June 2007.
Acquisition for Oamps
Oamps UK has today announced the acquisition of Keith Johnson & Co.