News
Biba and IIB join forces
Following a meeting to discuss transparency, the British Insurance Brokers’ Association and the Institute of Insurance Brokers have confirmed that they are both keen to move forward with an industry initiative to address the regulatory concerns about…
Denver tops US tornado city exposure
CDS business mapping has announced its list of the top ten tornado prone metro-areas based on its RiskMeter online tornado model, which predicts the severity of tornadoes for locations in the continental United States.
IAG UK verdict: restructure will lead to sales
Insurance Australia Group has confirmed Post reports that it is likely to sell parts of its UK business.
IAG UK verdict: 2 call centres to close, 300 jobs to go
IAG this morning announced that UK susidiaries Hastings and Equity Direct proposes to close two of their five contact centres, one in Manchester and one in Leicester. It is subject to consultation.
Collins Stewart loses insurance equity analyst to Evolution - sources
Collins Stewart, the UK investment bank, has lost insurance analyst Tim Young to rival Evolution, sources have told Reinsurance.
Aon Re Global takes managing director from Guy Carpenter - source
Aon Re Global has brought in former senior Guy Carpenter figure Christer Pehrson to manage its Europe-based global client base, Reinsurance has learned.
Endsleigh confirms its commitment to students
Endsleigh has hit back at claims that its decision to close its network of 119 branches is a betrayal of the student market.
Torus takes Munich Re's construction team - sources
New energy Torus has boosted its construction reinsurance book after taking four of Munich Re’s construction team, Reinsurance has learned.
FSA publishes concerns over Homecare Insurance contract terms
The Financial Services Authority has published criticisms on terms contained in Homecare Insurance mobile phone contracts.
Equity grows in East
Equity Insurance has expanded its presence in East Anglia through the acquisition of Mildenhall broker, Kents Insurance Brokers.
Crawford launches healthcare network
Crawford and Company has launched a new healthcare network that encompasses a comprehensive range of integrated healthcare and wellbeing services and focuses on supporting employers and employees in managing the complexities of workplace absence through…
Giles swoops for Scottish broker
Giles Insurance Brokers has completed the acquisition of independent insurance broker, Edinburgh-based Carrick Neill and Co.
AIG wins approval for Beijing branch
American International Group (AIG), has announced that its wholly owned subsidiary, AIG General has been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a branch in Beijing.
RBSI brand picked to provide Post Office insurance cover
RBS Insurance brand Devitt Insurance Services has been appointed to provide the Post Office’s motorcycle insurance.
RBSI extends BMW contract
RBS Insurance has extended its contract with BMW Financial Services UK.
Asia Capital Re gets Malaysia license - reports
Asia Capital Re has been granted an operating license for new shariah-compliant retakaful company, according to reports.
New York to hold hearings on contingents and compulsory disclosure
The New York State insurance department and the office of the New York Attorney General are to hold joint public hearings in July on whether contingent commissions should be formally banned and disclosure of compensation arrangements for insurance agents…
NFU Mutual adds to board
Rural insurer NFU Mutual has announced the appointment of Beverley Hodson as a non-executive director. She took up her role on 1 July 2008.
Lord Sheikh asks government to outline insurance fraud stategy
Camberford Law chair Lord Sheikh has asked the government to consider giving the National Fraud Strategic Authority statutory powers. In the same exchanges the government was also asked whether it believed crash-for-cash scams were on the increase.
Heritage underwriters resign
A group of senior staff at Heritage has resigned from the company on Friday 4th July, sources have told Insurance Age and sister magazine, Reinsurance .
Fortis breaks into health market
Fortis has launched its new life business in the UK, the company.
Aascent goes into administration
The administrators of Aascent Finance Company have contracted Close Premium Finance to assist with the management of Aascent's loan book and to offer to underwrite all new business.
Insurance Cup - enter your six a side team now
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September at Regent's Park. Over 20 teams from across the broking, insurance and insurance service providing sector have…
Argent appoints Leeds manager
Specialist liability adjuster, Argent, part of the Parabis Group has appointed Gerard King to manage its Leeds branch with effect from 1 August.