News
Bids in for Kwik-Fit insurance
Investment bank Credit Suisse is mulling over bids to buy the insurance arm of Kwik-Fit after they were submitted for consideration by 2 April.
Drivers may pay the price
Niche areas within motor insurance such as cover designed specifically for young drivers could see rate increases of up to 20% after Quinn Insurance was ordered to cease underwriting in the UK, according to motor brokers.
Brokers offer welcome mat
Quinn Insurance's fall into the hands of administrators was "a disaster waiting to happen", according to broker bosses.
Zurich revisits action plan as Quinn faces 12 April D-day
Zurich has outlined its appetite to renew business currently held by Quinn Insurance's UK arm, by offering brokers and customers a 90-day hold covered facility.
UKRC puts rehabilitation on the general election agenda
The UK Rehabilitation Council has thrown down the gauntlet to the main political parties, asking them to stipulate their plans for improving the country's poor return-to-work record, with a view to posting responses live on its website in the run up to…
Outsourcing giant Capita set to take on travel insurance
Capita Insurance Services has revealed plans to enter the travel insurance sector before the end of the year.
Marsh wins Commonwealth double
Marsh has added to its portfolio of international sporting events after being appointed insurance broker and risk adviser for the 20th Commonwealth Games, to be held in Glasgow in 2014.
Brightside delivers £4.7m post tax profit
Brightside Group revenue increased by 35% to £44.7m (2008: £33.2m) in 2010. EBITDA before exceptional items and share based payments expense increased by 26% to £9.7m (2008: £7.7m).
Sean Quinn boss discusses insurance arm's future with Government agency
The CEO of Enterprise Ireland, Frank Ryan, has said the agency met Seán Quinn and the Quinn Group management team to discuss the future of Quinn Insurance.
Home Office continues AVICS support
The Home Office has announced its continued support of the ACPO Vehicle Crime Intelligence Service, a unit dedicated to reducing vehicle-enabled crime.
AIG adds two to board
US Treasury Department to name Donald H. Layton and Ronald A. Rittenmeyer to AIG’s board
Catastrophe losses have no impact on April renewals: Aon Benfield
Reinsurance rates continued softening trend at April 1 renewals according to the report from the broking giant
Flux predicts U-25s motor premium hike of 20% amid Quinn fallout
Young drivers could suffer a 20% insurance hike as a result of Quinn Insurance going into administration, according to specialist insurance provider Adrian Flux.
Government publishes Finance Bill
The government has published its 2010 Finance Bill. In a statement, the government said that the Bill will enact many of the measures that the Chancellor set out in his Budget statement.
Serious Fraud Office conviction rate up 74%
The Serious Fraud Office has significantly increased its conviction rate in cases brought before the courts in the past year, according to figures it is releasing in advance of its annual report.
Beachcroft acquires insurance law firm
Beachcroft is joining forces with niche insurance practice, William Holden Cooklin Gibbons.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Former Mitsui CEO Guest returns with mutual exec role
The Higher Education mutual UMAL has appointed the former CEO of Mitsui Sumitomo London, Allan Guest, as a non-executive director.
ABI and MIB to create Employers' Liability Tracing Office
ELTO to be headed up be RSA UK CEO Adrian Brown.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Dai-Ichi Life leaps on first day of trading
Dai-ichi Life Insurance leapt 14.3% on its first day of trading as investors rushed to buy into its IPO.
Samsung Life seeks to raise $4.5bn in IPO
Samsung Life Insurance is seeking to raise up to $4.5bn in May in what would be South Korea’s largest initial public offering.
Hartford repurchases $3.4bn of shares from US government
Hartford Financial Services repurchases preferred shares from the US government ending a taxpayer-funded bailout after reporting Q4 profit.