News
ABI calls for reforms to free businesses from UK compensation culture
The Association of British Insurers has called for action to free businesses from the fear of the UK’s compensation culture and overzealous interpretations of health and safety rules that could hold back Britain’s economic recovery.
Ink Insurance appoints Whitelock to manage Bristol office
Ink Insurance has today revealed the opening of a Bristol office which will be headed up by former Brit boss Janice Whitelock.
L&G to offer travel and pet insurance
Legal & General's general insurance business is to expand into travel and pet this year.
Brightside calls for access to DVLA database to be driven forward
Brightside Group has warned that honest drivers are losing out on cheaper car insurance through a failure of the insurance industry to make immediate changes to the way applications are validated.
Scottish Provident pays out £90m in CI claims
Bosses at Scottish Provident have revealed they paid out £90m in critical illness claims last year, with a total of 91% of all CI claims paid by the company.
Aon and Axa team up to provide PI policy to IFAs
Aon Risk Solution and Axa Commercial Lines bosses have finalized an exclusive agreement to provide professional indemnity insurance for independent financial advisors in the UK.
Hannover Re latest group to reveal nat cat hit with 2011 results
Hannover Re this morning reported that its gross written premium in total business increased by 5.8% to Eur 12.1bn (2010: Eur 11.4bn).
China opens up investment opportunities for Taiwanese insurers
A number of Taiwanese insurers have received approval from Chinese authorities to invest in the mainland's stock market.
Lloyd's quartet back Asian terrorism insurance consortium
Xin Consortium, a new insurance vehicle specialising in a Asian terrorism insurance, has been launched in Singapore.
L&G records general insurance COR of 88% as new business jumps 38%
Legal & General reported this morning that its general insurance business recorded £304m of gross written premium in 2011.
FSA retail risk report slates insurers' sales
The Financial Services Authority has published its Retail Conduct Risk Outlook looking at the main risks consumers face in the next 12 to 18 months.
Don't miss Budget Day Live - analysis today at 3pm
Incisive Media's impressive range of brands serving the financial services sector are collaborating today to bring financial services professionals the very best analysis of George Osborne's Budget Statement.
Former Axa PL boss Keating returns at non-standard MGA Midas
The former managing director of Axa Personal Lines intermediary Mike Keating has returned to the market at a specialist non-standard property underwriting agency, Postonline has learnt.
Airmic teams up with Cost Advocates
Airmic has chosen costs law specialists Cost Advocates to provide its members with help reducing legal costs expenditures.
Charles Taylor goes live with MGA service
Charles Taylor Insurance Services has launched a new service enabling independent underwriters to establish their own managing general agents.
Axa bolsters healthcare business with Health-on-Line acquisition
Axa PPP healthcare has reinforced its capability as a multi-channel distributor today following the acquisition of specialist online health insurance provider Health-on-Line.
Towergate boosts merger management with Saulter appointment
Towergate Insurance has upped the ante on takeovers by bringing in Towergate Financial chief executive Dan Saulter, pictured, as group mergers and acquisitions director.
Green Insurance pet cover sales grow 166%
The Green Insurance Company's pet cover sales grew by 166% last year, and the company also topped £100 000 in donations to animal charities for the first time.
Asia helps Bupa shore up drop in European revenue
Healthcare group Bupa has announced revenues of £8bn for the year ended 31 December 2011, with strong performances in Asia.
Olympic power fears prompt IT exodus
Companies in the capital are moving their data storage and other IT services out of London ahead of the Olympics as concerns rise that power demand could cause disruption to electricity supplies.
Study in Jordan may liberalise compulsory TPL insurance
The Jordanian government is considering liberalising prices of compulsory third-party liability insurance services this year, according to media reports.
Munich Re CEO von Bomhard forecasts €2.5bn profit for 2012 after good start
Munich Re has made a good start to 2012 and is aiming for a profit of around €2.5bn, according to CEO Nikolaus von Bomhard.
Direct Commercial launches motor claims app
Direct Commercial, which writes business on behalf of Ascot Underwriting Syndicate 1414 at Lloyd's, has developed a motor claims app to help policyholders report claims while on the move or from the scene of an incident.
Pool for PPOs splits insurers and reinsurers
Insurers and reinsurers are split over the idea of an industry pooling solution to deal with the size and duration of periodical payment orders, according to a straw poll conducted by actuary Towers Watson.