News
Queen backs independent fiscal agency
The Queen's speech 2010 has outlined addressing the budget deficit as the key issue for the coming year, with the formation of a new ‘Office for Budget Responsibility’ seen as a measure to address the UK’s £6bn deficit.
Deficit will be cut through ‘reduced spending not increased taxes’
In her speech to mark the state opening of Parliament, the Queen has said that “dealing with the deficit and continuing to ensure the economic recovery is the most urgent issue facing Britain”.
Government outlines Bank of England intentions
The coalition government has introduced a bill to increase the power of the Bank of England as part of the Queen’s Speech.
QBE Europe names new legal head
QBE Europe has appointed Esther Felton as head of legal for its European operations as part of an ongoing drive to develop its dedicated in-house legal capabilities.
Heath Lambert merges personal and small business divisions
Broker Heath Lambert has combined its commercial affinity and small business division with its personal lines unit, Heath Lambert Insurance Services, aiming to double its size by 2012.
Allianz commercial joins Power Place panel
Allianz commercial has joined the Power Place panel and its commercial combined product for SME business will be available on the platform later this year.
QBE takes to the road
This month QBE is taking to the road to explain the benefits of early claims reporting to motor insurance brokers and clients around the UK in a series of educational roadshows.
Go Compare adds 82 brands to insurance panels
Comparison site Go Compare has added 82 new insurance brands to its panels in the last year.
Travel insurance specialist seeks provider for natural disaster cover
Almost three quarters (73%) of Holiday Extras customers surveyed over the last week would consider taking out some kind of natural disaster insurance cover in the future to avoid the stress and financial loss that resulted from the recent volcanic ash…
Europ Assistance reports 44% hike in net profit
Europ Assistance Group has reported turnover in 2009 of €1.288bn, up by 6.6% compared with 2008 (+7.6% in constant euros).
NIG names six new underwriters
NIG has attracted specialist area underwriters from RSA, Chartis, Allianz and Zurich Municipal to join its motor, property and liability teams.
Europ Assistance reports 44% hike in net profit
Europ Assistance Group has reported turnover in 2009 of €1.288bn, up by 6.6% compared with 2008 (+7.6% in constant euros).
KPMG appointed as First City's administrator
David Costley-Wood and Michael Walker, restructuring partners at KPMG, have been appointed joint administrators of First City Insurance Group and its subsidiary company, First City Partnership by the companies’ directors.
L&G wins new GI deal
Legal & General has been appointed to the insurer panel at Pink Home Loans and BDS Mortgage Group to provide general insurance products.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.
CL heralds major loss fraud initiative
Cunningham Lindsey’s has claimed that its major loss investigators have saved insurers more than £7.1m in fraudulent claims in the year since their launch.
Brit appoints Gibraltar boss
Brit Insurance has promoted Andrew Cunningham to head of office for its Gibraltar operations.
Thatcham applauds solution success
Thatcham’s new vehicle repair methods delivery solution, Thatcham Integrated Methods, has provided access to methods for repairers on over 5000 individual estimate enquiries since its launch a week ago.
CNA brings business under one roof
CNA Insurance Company has moved its European headquarters and London market operations to the London Underwriting Centre at Minster Court.
Munich Re most protected from earning volatility claims Fitch
The recent capital markets crisis has created considerable challenges for European reinsurers seeking to minimise the volatility seen in their financial results over the past few years, according to Fitch Ratings.
Casualty manager joins Liberty's Germany operation
Liberty International Underwriters in Europe has appointed Michael Weesbach as casualty manager for its operations in Germany.
Brit appoints Gibraltar boss
Brit Insurance has promoted Andrew Cunningham to head of office for its Gibraltar operations.
Allianz tops Towergate service survey
Latest research conducted by Towergate Risk Solutions has revealed Allianz as the top performing key insurer servicing its broking operations.
Quinn job cuts look set to be minimised by large voluntary take up
The administrator of Quinn Insurance has received 700 applications for voluntary redundancy according to weekend reports.