News
Bahrain firms eye UK Takaful tie-up
A joint venture between UK-based distributors and Middle-Eastern insurers is the most successful formula for launching a Takaful operation in the UK, according to the chief executive of the Bahrain Economic Development Board.
ABI rebuffs Hiscox supremo's calls for trade body break-up
The Association of British Insurers has hit back at claims the general insurance industry would be better served by a separate trade body.
Aviva hires ex-Capita man Briggs
Former Capita Insurance Services chief executive Matthew Briggs has returned to the market to take up a role in Aviva's claims division.
Less Oxygen for Manchester as public sector team relocates
Oxygen Insurance Brokers is to close its public sector offering in Manchester after a strategic review of client facing operations, Post has learnt.
Report reveals European insurance buyers fear price hikes
Almost half of all European insurance buyers are concerned current economic conditions could lead to an increase in the cost of cover, research by the Federation of European Risk Management Associations has revealed.
Half-year underwriting loss a first for Lloyd's
Lloyd's has recorded its first ever interim underwriting loss since it started publishing half-year results in 2005.
APC adds to IT team
APC has added to its IT team with the appointment of Jas Brabrah as senior software developer.
Brightside broking chairman outlines acquisition strategy
Brightside has confirmed it is considering going on the acquisition trail as the group recorded a pre-tax profit of £4m for H1 2010.
AM Best affirms QBE Europe's rating as "A"
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings (ICR) of “a+” of QBE Insurance (Europe) (United Kingdom), QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) Limited …
QBE deal with ambulance service aims to cut insurance costs
QBE is providing accident monitoring technology to promote safer driving and help reduce the insurance claims costs for the NHS as part of an arrangement with the North East Ambulance Service.
JLT announces name change
Jardine Lloyd Thompson Group has announced it is changing the name of Jardine Lloyd Thompson Limited to JLT Specialty Limited.
Heath Lambert wins newspaper deal
Heath Lambert has been appointed by Express Newspapers as its exclusive general insurance and risk management provider.
Hyperion shows Asian intent
Post has learnt that a subsidiary of Hyperion Insurance Group has reached an agreement to acquire an independent insurance broker in a move that will significantly increase the company’s presence in Asia.
Editor's comment: Breaking up: hard to do?
Last week's British Insurance Summit certainly stirred up some lively debate within the walls of the conference facility, as well as in the blogosphere and on social networking sites.
Liberty pulls IPO due to "volatile" markets
Liberty Mutual has announced that it is postponing the initial public offering of stock in Liberty Mutual Agency Corporation.
Liberty pulls IPO due to "volatile" markets
Liberty Mutual has announced that it is postponing the initial public offering of stock in Liberty Mutual Agency Corporation.
AM Best affirms QBE Europe's rating as "A"
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings (ICR) of “a+” of QBE Insurance (Europe) (United Kingdom), QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) Limited …
Record football fundraising day
This year’s Prince’s Trust Insurance Leadership Group Cup, sponsored by Groupama Insurances and supported by www.insurancejobs.co.uk, produced some scintillating football and a record-breaking fundraising total of £20 000 for the UK charity.
Audatex system outage blasted by Axa
Axa Insurance has labelled a system outage at claims software firm audatex “unacceptable”, after a glitch left motor insurers with a four-day delay in processing repair assessments.
Household – aggregators: The next big thing?
After success in the motor market, the aggregators are turning their attention to household insurance. Will they manage a repeat performance? asks Jane Bernstein.
Confused adds five to motor panel
Aggregator confused has named five new insurers to its motor offering bringing its panel to 90 members.
Hastings Direct appoints new financial controller
Hastings Direct has appointed Joy Butler as its new group financial controller.
Zurich moves to keep pace with mid-market
Zurich has embarked on a "defensive strategy" to become the most visible insurer in the mid-market space with the launch of a revamped product suite.
Canopius appoints Rolfe
Privately owned Lloyd's operation Canopius Group has confirmed the appointment of former UK General chief executive Tim Rolfe.