News
RSA continues disposals
Royal & SunAlliance Insurance has agreed to sell its general and life insurance interests in Peru to Rimac Internacional Compania de Seguros y Reaseguros (Rimac). The insurer is also selling its 14.6% stake in Rimac. The total consideration will be…
Judge rules against insurers in Halliburton case
A Pittsburgh bankruptcy judge has ruled that insurance companies, led by Ace and Hartford, do not have standing to challenge or intervene in the judge’s decision regarding the bankruptcy cases of DII Industries and Kellog Brown & Root which are…
Folgate outlines details of HHH deal
Folgate CEO Andy Homer today declared that the acquisition of Hill House Hammond’s commercial book will put it “one step closer” to achieving its ambition of becoming the “largest independently owned intermediary in the UK”.
Treasury to implement Distance Marketing Directive
The Treasury has told PM that it will report back on how it intends to implement the Distance Market...
HCC Insurance Holdings to merge subsidiary
HCC Insurance Holdings intends to merge its wholesale broker subsidiary Dickson Manchester with its ...
FSA will change claims role
Bryan Stewart, group compliance officer for Groupama Insurances, said that approved persons - and cl...
Words are not enough
Mike Spice, regional claims compliance officer, AIG Europe, told Claims Club members the golden rule...
Syndicate needed to help small insurers
At last week's Post Magazine Claims Club seminar, claims managers shared their experiences of supply chain management and regulatory compliance. Anthony Gould reports
Insurers plan PR offensive
The insurance industry is preparing to fight public misconceptions about insurance fraud with one lo...
Merger boosts fraud plans
The Association of British Insurers' plans to build an industry-wide anti-fraud database moved a ste...
FSA plays down visit claims
The Financial Services Authority has distanced itself from claims that it may carry out pre-authoris...
What the papers said this week
THE TIMES Suffolk County Council has banned the hanging of flower baskets in Bury St Edmunds in...
Willis places first complex open-market risk on Kinnect
Broker Willis has placed the first complex open-market risk on the Lloyd's Kinnect platform with Aml...
Brokers become subsidiaries of Broker Network
Brokers Donaldson Meigh and Independent Insurance Centre have became subsidiaries of the Broker Netw...
Claims body rivals to merge
The two rival trade associations for the the claims management sector - the Personal Injury Federati...
Gibraltar review set to tackle concerns
The head of the Financial Services Commission in Gibraltar has welcomed the latest independent revie...
What is the Post Magazine Claims Club?
The Post Magazine Claims Club has been put together in order to provide the claims indu...
Argyll Insurance continues to look for acquisitions
Worthing-based Argyll Insurance Group said it will continue to look for acquisitions in the south-ea...
Insurers still waiting for FSA answer on group claims processes
Mark Richardson, claims governance manager at Zurich Financial Services, said the insurer was still ...
Direct Line head joins CIS
Andy Watson, former MD of general insurance at Direct Line, has joined Co-operative Insurance Servic...
Biba in offshore EL legality probe
The British Insurance Brokers' Association has voiced concerns about the growing number of new offsh...
No supplier slash and burn
"We could have driven out more cost from the business in six months by adopting a slash and burn app...
Latest statistics from International Underwriting Association
The latest statistics from the International Underwriting Association have shown a positive cash flo...
Community Broking Group set to acquire Bury based broker
The Community Broking Group is set to acquire Bury-based broker Cloughley Insurance Services on 1 Ma...