News
Midwifery scheme moves step closer
The Royal College of Midwives and the Nursing Midwifery Council have commissioned consultancy Flaxman Partners to produce a report on the provision of insurance for independent midwives.
ICAB sole RSA accommodation provider
ICAB has been appointed as the sole provider of alternative accommodation for RSA.
IFR pilot crucial to fight against fraud
A successful pilot of the Insurance Fraud Register is vital in the fight to change perceptions that insurance fraud is victimless, an industry expert has stressed.
Editor's comment: Don't count your turkeys
Insurers received an early Christmas present last month, when the government appeared to give firm backing to Lord Justice Jackson's recommendations on combating disproportionate civil litigation costs. The ministerial foreword to its consultation…
Aggregator targets 30% of SME market in year one
Compare the Market is aiming to attract 500 000 commercial customers to its site over the next 12 months, after agreeing a long-term contract with Towergate to provide SME insurance.
Local authorities cut back cover as spending review bites
Local authorities are already cutting their insurance spend as a result of the coalition government austerity measures, insurers have warned.
Aon gets new northern base
Aon is set to move to a new office in Manchester next week. The intermediary will relocate from Arkwright House to Spring Gardens, where there is space for the broker to add to its 150 staff.
Europ reveals new five-year plan
Europ Assistance is planning to reduce its reliance on traditional travel and motor lines — which currently account for more than three-quarters of the company's turnover.
Oracle rolls out latest insurance products
Technology firm Oracle is set to unveil two new insurance products aimed at guiding the industry through the economic downturn. The seventh version of Oracle Insight and the latest release of Oracle Documaker Enterprise will be rolled out this month.
Wells Fargo plans sale of 37% stake in Besso
Wells Fargo is seeking a buyer for its stake in Lloyd's broker Besso.
Fraud: cognitive questions test sees 51% success rate
Fraud investigation firm the Innovation Group has revealed that a partnership with a university psychology department has produced a 51% success rate in detecting home insurance claims.
First Assist names new legal provider
First Assist Legal Protection has named law firm Lyons Davidson as its legal provider for commercial and personal line before the event legal expenses claims.
Hiscox set to launch US direct PI offering
Hiscox is increasing its US presence with the launch of its first direct commercial insurance offering.
New equity for Towergate
Towergate Partnership has secured new equity investment, after signing a preliminary agreement with an international private equity house, Post understands.
Warning over reserves as retirement age rises
Insurers have been urged to review their reserve levels, as the proposed abolition of the retirement age could see claimants seeking increased compensation in personal injury cases.
Zurich reorganises UK operations
Both the Zurich Private Clients and Navigators & General businesses are to be rolled into the insurer's new-look personal lines division, following a restructure of the UK general insurance operation.
Zurich reaches ‘toxic sofa’ compensation compromise
Zurich has agreed a compromise settlement with a number of claimants in the ongoing ‘toxic sofa’ compensation battle.
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
MUM launches D&O product
Specialty lines broker-only managing general agent Manchester Underwriting Management has unveiled a new directors and officers product.
‘Toxic sofa’ customers receive pay out
Axa, Chartis and Travellers have compensated more than 400 claimants in the ongoing £20m ‘toxic sofa’ legal wrangle.
Chubb names entertainment head
Chubb has appointed Francis Hernandez as its new UK and Ireland events and entertainment insurance manager.
Chubb names entertainment head
Chubb has appointed Francis Hernandez as its new UK and Ireland events and entertainment insurance manager.
Credit hire GTA set for audit
The technical committee that oversees the general terms of agreement between insurers and credit hire organisations is planning an independent audit of the voluntary protocol.