News
ECIC launches heating and air conditioning cover product
Electrical Contractors’ Insurance Company has launched its ‘heating, ventilating and air conditioning cover product’ - geared towards contractors engaged in related building services activity.
Garwyn unveils London and South East office
The Garwyn Group has expanded its regional branch network with the opening of a London and South East branch based in its existing head office in Billericay.
Aviva to exit 16 worst performing businesses
Aviva is to dump 16 of its worst performing business segments including its Italian partnerships businesses, UK large-scale businesses; and its South Korea business as part as an overhaul of the whole business.
British Insurance Awards Winners announced
The great and good in the UK insurance industry came together last night at the Royal Albert Hall to celebrate the industry's achievements over the past year, which saw LV crowned General Insurer of the Year.
British Insurance Awards Winners announced
The great and good in the UK insurance industry came together last night at the Royal Albert Hall to celebrate the industry's achievements over the past year, which saw LV crowned General Insurer of the Year.
Euler Hermes launches Excess of Loss coverage amid 'market uncertainty'
Euler Hermes will offer Excess of Loss insurance coverage from mid-September, through a new specialist underwriting team based in London.
Aviva appoints new general insurance CEO amid senior shake-up
Aviva’s UK & Ireland general insurance chief executive David McMillan has been given the new role of director group transformation and a remit to manage the implementation of the new strategic plan across the group.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Law report: Tour operator cleared of negligence after mountain crevasse TV stunt goes wrong
Harrison v Jagged Globe (Court of Appeal, 29 May 2012)
Law report: Pre-existing conditions ruling weighs in favour of defendant
Bird v Meggitt Aerospace (County Court, 17 May 2012)
Law report: EAT rejects double jeopardy claim
Christou & Ward v Haringey (Employment Appeal Tribunal, 25 May 2012)
News Review
A review of news stories that broke this week
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Affinity 2012: Other sectors can master brand stretch from GI
The life and protection market must learn from the general insurance market to promote itself as a viable brand stretch for affinity partners, according to Ageas Protect’s managing director.
Affinity 2012: Flexibility fundamental to future affinity wins not size and scale
The winners in the affinity space of the future are not necessarily going to be the traditional big players, but those that can best adapt to the changing buying patterns of consumers.
Summers third-party claims judgment leaves door open for industry victory
Zurich has been credited with helping the insurance industry win the war against grossly exaggerated third-party claims, despite losing its battle in the Supreme Court.
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Ageas Hong Kong's IFS rating affirmed
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “A-” of Ageas Insurance Company (AICA) Hong Kong.
Four arrested in suspected crash-for-cash bus fraud
Four men in Liverpool believed to be part of a suspected crash for cash scam involving a bus have been arrested.
Commission disclosure overhaul could hit Germany hardest
Commission disclosure requirements in the revised Insurance Mediation Directive would have a particular impact on the German market according to law firm Norton Rose.
Towergate confirms departure of directors
Towergate has confirmed the departure of integration director Jonathan Walker and former finance director Tim Philip.
MASS calls for wider response to rise in third party accidents
The Motor Accident Solicitors Society is urging industry leaders to address a range of contributing factors rather than simply claims management companies, following a record rise in third party accidents involving bodily injury.
Quindell boss outlines FTSE ambitions
Quindell chief executive and chairman Rob Terry has outlined his strategy to lead the business he founded nine years ago into into a FTSE-100 company through acquisitions and organic growth.
Telematics firm Cobra UK to launch 'innovative' new product
Vehicle technology firm Cobra UK is planning to launch its windscreen mounted telematics box at a Post event next week.