News
Motor rates rise for second quarter in a row
The cost of car insurance has risen for the second quarter in succession, according to the latest benchmark AA British Insurance Premium Index.
ABI proposals aim to simplify online protection sales
The Association of British Insurers is putting forward proposals for consultation on new guidance to make applications for life, protection and critical illness over the telephone and Internet clearer.
Alexander Forbes launches PI to cover accountants in run off
Alexander Forbes Professions has launched a professional indemnity insurance product for members of the Association of Chartered Certified Accountants to cover a six-year run-off period following the closure of a business or on a sole practitioner’s…
Groupama brings in broker head from rival
Groupama Insurances has announced the appointment of Claire Ginnelly, who will shortly be joining Groupama Healthcare from Standard Life Healthcare as head of healthcare solutions. The insurer said she will head the company’s business development…
Labuan Re achieves A- rating
Malaysian Reinsurer Labuan Reinsurance has been upgraded to an A- financial strength rating by AM Best.
SBJ wins out in major tender
SBJ Professional has won out in the tender to be the appointed professional indemnity insurance broker to The Institute of Chartered Accountants in England & Wales.
Primary outlines merger
Primary Broker Services Holdings has announced a plan to merge two of its commercial underwriting agencies, subject to any necessary regulatory approvals.
FSA announce that providers and distributrs need to work together to treat customers fairly
The Financial Services Authourity (FSA) have issued Discussion Paper 06/4: ‘The Responsibilities of Providers and Distributors for the Fair Treatment of Customers.’
Aquilo confirms bid approaches
Aquilo has received a number of bid approaches, the claims management company confirmed this afternoon.
Research confirms online insurance buying habits on the rise
New research from Foolproof, the user experience consultancy, claimed that 50% of the UK’s motor insurance policies and 28% of its home insurance policies have been sold online. The annual study also said consumers expect to see further growth in online…
Tories call for tougher Road Safety Bill
The Conservative Party is considering tougher penalties and seizing and crushing more cars to "tackle the mounting problem of rogue drivers" without insurance, who fail to register their cars or drive without licences.
Re-launch of Personal Injury Federation
The re-launched Personal Injury Federation has been formed following talks with government departments and stakeholders from the industry to help its membership gain and retain authorisation under the Compensation Act 2006.
Aon launches financial security solutions
Aon's risk management solutions division has launched an offering to fund major business initiatives while providing long-term financial security to third parties.
Law firm offers free Bermuda and Cayman legal clinic for London Market
Appleby Hunter Bailhache has announced that it will be running a Bermuda and Cayman Insurance Law Clinic in London in mid-October.
Lark acquires Ascot Insurance Brokers
Lark Group has acquired Berkshire general broker, Ascot Insurance Brokers.
Heath Lambert puts Spanish reinsurance operations into run-off
Heath Lambert has closed its Spanish reinsurance broker, Heath Lambert Interbroker (HLI) to new business with effect 1st October 2006.
Fitch upgrades Japanese insurers
Fitch Ratings has upgraded four Japanese insurance companies' Insurer Financial Strength ratings and simultaneously removed them from Rating Watch Positive on which they were placed on 24 April 2006. A Stable Outlook has been assigned.
IGI launches new brand
Specialist UK general insurer, IGI has added two senior recruits to its management team with the arrival of Robert Cottrell as operations director and Neil Findley as sales and marketing director. Their arrival comes just as the growing insurer embarks…
Europ Assistance wins Club Med deal
Europ Assistance has won a new contract with Club Med, the international company providing travellers with holidays.
Highway appoints regional manager for Wales and North
Motor insurer Highway has appointed Susan Foley as Regional Account Manager for the North of England and North Wales.
CII panel warns of personnel crisis in claims
The claims and loss adjusting panel at the CII conference warned today of the impending recruitment crisis in the claims sector unless radical action is taken to address issues such as image and remuneration.
Qdos Consulting appoints new head of insurance
Qdos Consulting has appointed B rendan Dawson to head up its expanding insurance services division.
Norwich Union launches Pay As You Drive
After numerous pilots and trials, Norwich Union has launched Pay As You Drive car insurance.
Catlin: benign storm season will accelerate soft market
Stephen Catlin, chief executive of Bermuda and London Market (re)insurer Catlin Group has said that premium rates for non-catastrophe exposed classes of property/casualty insurance and reinsurance worldwide could decrease more rapidly if the 2006…