News
Rival insurers support Aviva composite stance
A host of fellow composites have backed Aviva in its war of words with RSA over whether the model's days are indeed numbered.
Merlin cuts loss by £50m after refinancing
Loss adjusting group Merlin has admitted its ability to win new business has been significantly helped by its recent refinancing.
Chilean earthquake impacts Amlin profits
Amlin has reported a fall in profits of more than £70m after suffering large losses due to the Chilean earthquake.
Meehan throws hat in ring for senior Axa commercial role
Axa Insurance customer experience director Paul Meehan has expressed interest in filling the senior management vacancy in the company's commercial division.
Neil Utley confirmed among Provident runners and riders
A source close to a consortium of insurance investors — including outgoing IAG UK chief executive Neil Utley — has confirmed it is among the frontrunners to buy motor insurer Provident.
Admiral reports record H1 profit as it avoids rival's claim pain
Admiral has bucked the trend of motor insurance groups by reporting that it has seen no "unusual trends in bodily injury or damage claims" as it unveiled a record half year profit.
Merfield hangs up hat at HCML
Helen Merfield, founder and clinical director of HCML, is leaving the rehabilitation provider with immediate effect.
QBE adds underwriter to A&H team
Business insurer QBE has appointed Gemma Seymour as accident and health underwriter in its non-Lloyd’s A&H team.
Axa CEO Maso insists it has no plans to sell broking arm Bluefin
Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.
Claims against professional firms hit 11 year high
Syscap, an independent finance provider, said that high court cases launched against professional firms for negligence have hit an 11 year high forcing more firms to borrow to pay increased professional indemnity insurance rates.
Zurich UK fined £2.3m
The Financial Services Authority has fined the UK branch of Zurich £2 275 000 following the loss of a back-up data tape in South Africa containing information relating to a number of its general insurance customers.
Holiday Extras seals Mapfre deal
Holiday Extras is planning to offer more waived conditions, natural catastrophe cover and in-house medical screening after joining forces with Spanish firm Mapfre Asistencia.
Capita swoops with £30m acquisition of specialist insurance provider
The Capita Group announced today that it has acquired the National Dental Plan group of companies for a cash consideration of £30m on a cash-free, debt-free basis.
Holiday Extras seals Mapfre deal
Holiday Extras is planning to offer more waived conditions, natural catastrophe cover and in-house medical screening after joining forces with Spanish firm Mapfre Asistencia.
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
US East coast on alert as tropical storm Danielle gathers pace
At 21:00 UTC on Sunday, 22 August, RMS reports a tropical depression (six) located about 770 miles (1240 km) west of the southernmost Cape Verde Islands in the Atlantic Ocean, developed into the fourth named storm of the 2010 Hurricane Season – Tropical…
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
Three new entries in IFB ‘cash for crash’ tables
Sheffield, Leicester and Warrington have been named as new entries in the Insurance Fraud Bureau’s top 20 regional hotspots for 'cash for crash' activites.
Endsleigh launches “unique” student policy
Student insurer Endsleigh has launched an insurance policy specifically tailored for groups of students living together.
Groupama unveils senior claims team
Groupama Insurances has confirmed the line up for its new claims management team, reporting to claims director Phil Bird.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.