News
Benchmarking briefing
In today's competitive market, companies are looking for innovative ways to reduce claims costs, improve efficiencies, and provide superior customer service.
ABI reveals massive trade credit claims increase for 2009
The Association of British Insurers has revealed the cost of trade credit claims soared by 95% in 2009, while business prospects remain "highly uncertain".
Brittain steps down as Finsure ceases writing business
Trevor Brittain has stepped down as managing director of Royal Bank of Scotland's premium finance business Finsure ahead of its closure.
Exeter Friendly joins Protect
Income protection specialists Exeter Friendly Society has joined credit insurance trade body Protect under the umbrella of its Pioneer brand.
Carole Nash reveals “satisfactory” result despite fall in profits
Specialist motorcycle insurance broker Carole Nash has announced a pre-tax profit of £6.17m for 2009 – more than £1m less than the figure for 2008 (£7.6m).
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Homeserve makes US acquisition
Homeserve is expanding its international operations and the development of its US business with the acquisition of National Grid Energy Services service contract business from National Grid Energy Services.
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Quinn appoints financial restructuring firm
Talbot Hughes McKillop has been engaged by Quinn Group to provide financial restructuring services to the company, it announced today.
Quinn appoints financial restructuring firm
Talbot Hughes McKillop has been engaged by Quinn Group to provide financial restructuring services to the company, it announced today.
Fitch warns Austrian insurers of CEE exposures
The Austria's insurance sector is facing challenges relating to the industry's significant exposure to central and eastern Europe, according to a new report from Fitch Ratings.
FM Global research underlines sprinkler importance
Automatic fire sprinkler protection can significantly cut the environmental impact of fires in addition to its proven effectiveness at minimising property damage. That is the key finding of new US scientific research published this week.
AIG CEO Benmosche received $2.7m for 2009
Robert Benmosche received $2.7m in compensation for 2009 as the bailed-out insurer began selling assets to repay government loans
Fitch warns Austrian insurers of CEE exposures
The Austria's insurance sector is facing challenges relating to the industry's significant exposure to central and eastern Europe, according to a new report from Fitch Ratings.
Allianz names first ever retail fraud manager
Allianz has appointed Graham Knight to the newly created role of fraud manager for Allianz Retail.
Berkshire Hathaway insurance profits may fall – Barclays
Warren Buffett’s Berkshire Hathaway may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays.
Fairholme becomes biggest AIG investor after US government
Fairholme Capital Management has acquired about 15 million shares of AIG in a bet on a rebound of the bailed-out insurer.
Greenberg seeks to end civil fraud case
Former AIG chief exec Hank Greenberg has asked a judge to dismiss a civil fraud lawsuit brought by New York's attorney general, who is seeking to hold him personally liable for a sham reinsurance transaction.
Tories vow we will create "most competitive tax system in the G20"
The Conservative Party today outlined its ambition is to create the most competitive tax system in the G20 within five years.
Conservatives outline plans to stop Labour 'killing off' the recovery
The Conservative Party today reiterated its view that Labour’s plan for anyone earning over £20 000 to pay more tax - and employers more on all jobs paid over £5700 - will hit small businesses especially hard, and kill off the recovery.
LV GI division returns to profit
LV has announced a general insurance profit of £7m despite a wider group loss at the of more than £90m for 2009.
Fortis to liquidate sub-holding to focus on insurance
As a first step towards simplifying its structure, Fortis today said it plans to liquidate its sub-holding Fortis Brussels SA/NV.
Countrywide offering extended
Broker Network has launched a full membership proposition for Countrywide members called Countrywide Complete.
Labour pledges to help entrepreneurs and SMEs with manifesto
The Labour Party yesterday pledged to help support small businesses and recognize the need to promote entrepreneurs with the publication of its manifesto.