News
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
FM Global to Commemorate 175th anniversary
Business property insurer FM Global is to host a year-long commemoration of its 175th anniversary in 2010.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Aviva and MIB wade into debate on "fronting" fraud
New research from the Motor Insurers' Bureau and Aviva reveals that more than two-thirds of UK drivers do not understand what it means to ‘front' an insurance policy.
Towergate boss Cullum hails John Charcol swoop as a "perfect fit"
"To have the leading high net worth mortgage broker in the group gives us a huge opportunity to provide mortgages to our high net worth customers and SME owners," he added.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
Swiftcover warns "fronting" fraud has doubled in two years
An estimated 36 000 parents are committing fraud by illegally putting their sons and daughters down as a ‘spouse' or ‘partner' on their car insurance policy - a crime known as fronting according to Axa-owned firm.
UK General launches caravan product
UK General Insurance has launched a new online caravan policy through the Simple Insurance Brand, part of its consumer arm.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Generali GI premiums tipped to fall again
However, analyst KBW is looking for a slight improvement in sequential quarterly sales in life and expect sequential growth (4Q/3Q) of 9%, the first sequential growth since 1Q09 (3%).
Capita lands Sainsbury’s pet insurance claims role
Capita Insurance Distribution’s pet insurance division Thornside will handle sales fulfilment and claims handling on behalf of Sainsbury’s pet insurance partner Axa.
Towergate buys John Charcol
Towergate's financial services arm has finalised a deal to acquire mortgage broker John Charcol, Post understands.
UBS, Goldman said to get AIA IPO roles
Investment banking giants UBS and Goldman Sachs have been appointed joint bookrunners for the IPO of AIG's life unit, AIA, the Financial Times has reported.
Arc reports upswing in run-off liabilities
A report by the Association of Run-off Companies and KPMG shows an increase of more than £8bn in UK non-life run-off market liabilities for 2009.
Commercial landlords warned over environmental liability
Cowens claims they could face claims for damages and be subjected to action from regulatory bodies for failing to address environmental safety, even if it is a tenant who is at fault.
View from the top - Nine-year wait is over
Although most of the insurers Post called last week were reticent to talk about the prospective merger of the Accident Management Association and National Association of Credit Hire Operators, the plan can only aid both sides in coming to amicable…
New US health bill will regulate health insurers
Barack Obama's new health bill will regulate health insurers but seek to be more moderate in a number of other ways.
Select & Protect urges brokers to help homeowners cover gadgets
Select & Protect has urged brokers to help policyholders effectively cover their mobile phones, mp3 players and other gadgets under their household policies.
Biba 2010: professionalism focus
The British Insurance Brokers’ Association has confirmed its business focused seminar programme for its 2010 conference and exhibition to be held on 19-20 May. Post, Insurance Age and PB are the official media partners for the conference.
QBE appoints new Manchester property underwriter
QBE European Operations has appointed Simon Smith as property underwriter in its Manchester office.