News
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
BIBA 2010: Bluefin ties up APC deal
Commercial insurance underwriting agency APC has struck a deal with Bluefin to provide its network brokers with access to a full range of commercial insurance packages.
BIBA 2010: Lorega in online tie up
Loss recovery insurance specialist Lorega has struck a deal with internet trading solution Broker 2 Broker to enable brokers to bind business online from 1 June.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Lloyd's China granted licence to write direct insurance
Lloyd’s China has been granted a licence by the China Insurance Regulatory Commission to write direct insurance in addition to their existing reinsurance licence.
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
BIBA 2010: Galbraith calls on government to introduce the "right legislation"
The British Insurance Brokers’ Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Cable creates Business Advisory Group
Business secretary Vince Cable has created a group of experts top help advise the government on business and economic policy.
JLT shakes-up board
Jardine Lloyd Thompson Group has changed its board in the wake of Jim Rush and William Nabarro retiring.
E&Y warning over emerging markets
Emerging markets continue to offer growth but insurers need to keep this in perspective according to a panel at Ernst and Young's global insurance conference in Paris.
Admiral bolsters numbers with 751 new recruits in H1 2010
Admiral has revealed it has recruited 490 people this year and plans to take on a further 261 by the end of June, an increase of 11%.
One Answer Network extends deal in growth drive
One Answer Network has entered into a long term contract with insurance sector software specialist Cheshire Data Systems to both expand and extend its licence purchasing agreement, as part of its business growth plans.
Open GI gets Aviva green light
Open GI has become the latest technology firm to integrate its motor quote engine with Aviva’s web-based rating engine in order to provide more competitive, real-time rates to brokers.
E&Y warning over emerging markets
Emerging markets continue to offer growth but insurers need to keep this in perspective according to a panel at Ernst and Young's global insurance conference in Paris.
The insurance sector needs to evolve, says Aon Germany chairman
The insurance sector needs to evolve and reform what it currently offers to better reflect client needs, Ralph Liebke, chairman and CEO of Aon Germany, has told delegates at a conference in Paris.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Brightside to raise £9m via share-listing for latest acquisition
Broking group Brightside has unveiled a plan to raise £9.0m via the placing of 36m new ordinary shares to fund an acquisition.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
Risk presentation key, claims international broker survey
According to new research commissioned by Bowring Marsh, the quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.
MMA’s master tradesman and offices and surgeries products available with SSP
MMA said the decision to make these products available via the SSP platform is part of its drive to ensure brokers are being offered the quickest and easiest ways of working with the insurer.
Commercial insurance on aggregator radar
A report by Defaqto has revealed 65% of the top 20 financial price comparison websites already provide access to business insurance either as introducers to various online providers or by providing quotations through a limited panel of insurers.